U.S. stock futures stumbled Wednesday after markets were rattled by a downgrade to the U.S. government’s credit rating.
What’s driving markets Equity-index futures are succumbing to a broad risk off tone across markets after rating agency Fitch downgraded the U.S.’s credit rating from AAA to AA+, citing “expected fiscal deterioration” and an “erosion of governance”. The news found a stock market arguably vulnerable to unwelcome surprises, with the S&P 500 having already gained 19.2% this year and the tech-heavy Nasdaq Composite up 36.5%.
Traditional perceived havens saw demand, with the Japanese yen USDJPY, -0.71% gaining 0.7%, gold GC00, +0.49% nudging up to $1,950 an ounce, and benchmark German government bond yields BX:TMBMKDE-10Y moving lower. U.S. 10-year Treasury yields BX:TMUBMUSD10Y were little changed at 4.03%.“While debt downgrades seldom, if ever, have long legs, investors may pause and let the dust settle before re-entering risk markets.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Fitch downgrades US debt rating | CNN BusinessJUST IN: Credit rating agency Fitch has downgraded the US rating from its highest AAA rank to AA+
Fonte: CNN - 🏆 4. / 95 Leggi di più »