News Formal

Stocks fall, Treasuries gain after Fitch downgrades US rating

  • 📰 ReutersAfrica
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 53%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

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.

Asian stocks were also weighed by declines on Wall Street overnight. U.S. stock futures, the S&P 500 e-minis , pointed 0.2% lower on Wednesday.

"It's kind of a short-term knee-jerk reaction, so we will have to wait and watch for how this pans out." The U.S. dollar moved lower against a basket of major currencies immediately after the announcement, but was up 0.1% as of the Asian morning. "This basically tells you is the U.S. government’s spending is a problem. It's an unsustainable budget situation because the economy can't even grow its way out of this problem going forward," said Steven Ricchiuto, U.S. chief economist, Mizuho Securities. "Therefore, they're going to have to either tackle it or accept the consequences of potential further additional downgrades.

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:

 /  🏆 31. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

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.

European stocks stoked by cooler inflation reportEuropean shares jumped on Monday after a key economic report for the region showed a fall in inflation - an optimistic kick-off for a week littered with major economic data, central bank meetings and earnings updates.
La source: ReutersAfrica - 🏆 31. / 53 Lire la suite »

Asia stocks near 16-month peak on economic optimism, Aussie eases before RBAData showed risks remain.
La source: ReutersAfrica - 🏆 31. / 53 Lire la suite »

Stocks, oil resilient amid cautious optimism on economyStocks were mostly resilient and oil hovered near recent highs on Tuesday as investors stayed positive over global economic prospects even as data showed signs of risks.
La source: ReutersAfrica - 🏆 31. / 53 Lire la suite »

Oil prices rise more than 1% after sharp drop in US crude stocksOil prices rose more than 1% 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.
La source: ReutersAfrica - 🏆 31. / 53 Lire la suite »