S&P500 Futures, yields retreat on US credit rating downgrade, market consolidation ahead of key US data

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S&P500 Futures, yields retreat on US credit rating downgrade, market consolidation ahead of key US data – by anilpanchal7 RiskAversion SP500 YieldCurve Equities Futures

jumps to a fresh high since April 17. Even if the US Dollar retreats and the recently firmer commodities, the Antipodeans appear pressured.

That said, Fitch Ratings downgrades the US government credit rating from AAA to AA+ while terming fears of the debt crisis as the key catalysts. Following the announcements, the White House and US Treasury Secretary Janet Yellen rushed to criticize the move and defend the US Dollar but failed of late.

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