HONG KONG : Asian stocks traded lower while U.S. Treasury yields declined on Wednesday, after ratings agency Fitch unexpectedly downgraded the United States' top-tier sovereign credit rating.
Fitch cut the United States by one notch to AA+ from AAA, citing fiscal deterioration, a decision announced after the Wall Street close on Tuesday."Most of the Asia turmoil this morning and the Treasury yields move is triggered by the Fitch decision," said Manishi Raychaudhuri, head of Asia Pacific equity research at BNP Paribas.
Investors counterintuitively fled to the relatively safety of sovereign debt from riskier equity markets. Treasuries, whose yields fall when prices rise, were also bought when Standard & Poor's cut the U.S. top"AAA" rating by one notch to"AA-plus" in 2011. While the investor reaction to the downgrade was relatively contained, it has injected some uncertainty into financial markets.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Bumper earnings will broaden a narrow tech-led stocks rally, analysts sayA handful of technology firms and last year’s laggards have so far driven the heady rise in U.S. and global stock markets this year, but bumper earnings surprises could now lift more sectors and stocks and broaden the rally, analysts say.Analysts point to receding recession concerns and the prospect of
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »
Asia stocks near 16-month peak on economic optimism, Aussie eases before RBATOKYO : Asian stocks edged toward a sixteen-month peak on Tuesday and oil held near recent highs as investors began to find more cause for cheer over global economic prospects than reasons to worry, even as data showed risks remain.The dollar hit a three-week high against the yen as investors continued to
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »
Oil prices rise more than 1% after sharp drop in US crude stocksOil prices rose more than 1 per cent on Wednesday, trading near their highest since April, after industry data showed a much steeper-than-expected draw last week in crude oil inventories in the U.S., the world's biggest fuel consumer. Brent crude futures for October rose 92 cents, or 1.1 per cent, to $85.
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »