Stocks fall, Treasuries gain after Fitch downgrades US 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.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

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.
مصدر: ReutersAfrica - 🏆 31. / 53 اقرأ أكثر »

Asia stocks near 16-month peak on economic optimism, Aussie eases before RBAData showed risks remain.
مصدر: ReutersAfrica - 🏆 31. / 53 اقرأ أكثر »

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.
مصدر: ReutersAfrica - 🏆 31. / 53 اقرأ أكثر »

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.
مصدر: ReutersAfrica - 🏆 31. / 53 اقرأ أكثر »