US Stocks Rise, New Zealand Warns of Financial Stress

📆 1/11/2023 5:31 am
📰 abcnews

⏱ Reading Time:
22 sec. here
15 min. at publisher
📊 Quality Score:
News: 57%
Publisher: 83%

Finance News

US Stocks,ASX 200 Futures,New Zealand

US stocks mostly rose and the ASX 200 futures indicates the market will rise about 0.5 per cent on Wednesday. New Zealand's central bank warns of growing financial stress among households struggling with high debt repayments.

US stocks mostly rose and the ASX 200 futures indicates the market will rise about 0.5 per cent on Wednesday.

"Pockets of stress are likely to grow in the medium term as highly indebted households continue to be tested by higher debt servicing burdens," the Reserve Bank of New Zealand said in its semi-annual Financial Stability Report. Investors are waiting to see what the US Federal Reserve says after a two-day policy meeting ends on Wednesday, with the possibility that the central bank will hold rates higher for longer.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australian Stocks Rise as Wall Street Rally Boosts MarketA rally on Wall Street has sent Australian stocks higher, while oil prices ease on lessening fears about the Israel-Gaza war disrupting supply from the region.
Source: abcnews - 🏆 5. / 83 Read more »

Rise of Zombie Companies Threatens Australian Stock ExchangeMore than 100 companies listed on the Australian stock exchange are on the brink of collapse, with a restructuring expert predicting the rise of “zombie” companies will continue.
Source: brisbanetimes - 🏆 13. / 67 Read more »