Moody, Stock and Treasuries
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Developments in Trump's global tariff war, which have swung currencies wildly in recent months, have slowed considerably this week, even as the clock ticks down to the end of 90-day tariff respites for U.S. trade partners in the absence of new trade deals.
1don MSN
Global markets, U.S. futures and the dollar all retreated early Monday after Moody’s Ratings downgraded the sovereign credit rating for the United States because of its failure to stem a rising tide of debt.
Gold rose as the dollar tumbled after Moody’s Ratings stripped the US of its last top credit rating due to ballooning debt and deficits.Most Read from BloombergAmerica, ‘Nation of Porches’Maryland’s Credit Rating Gets Downgraded as Governor Blames Trump NJ Transit Train Engineers Strike,
The dollar slipped again Tuesday, weighed down by the Federal Reserve’s caution over the economy while traders considered news of upcoming U.S.-Japan talks.
The yield on both 10 and 30-year government bonds rose on Monday after another credit ratings agency downgraded the US on Friday.
US stocks (^DJI, ^IXIC, ^GSPC) ended the day rather flat, with the Dow Jones Industrial Average leading gains while the S&P 500's win streak extends to its sixth day. Yahoo Finance Markets and Data Editor Jared Blikre joins Asking for a Trend with Josh Lipton to lay out the biggest trading themes seen this session,
Investors have taken in stride the Moody's U.S. credit rating downgrade and are back pining for trade deals as a distinct lack of agreements from negotiations keep them on edge with the clock ticking on the United States' 90-day pause.
Investors faced yet another bumpy start to the trading week with US assets coming under fresh pressure, although it’s mounting concern over American debt rather than tariffs generating the volatility this time.
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is slipping lower for a second consecutive day on Tuesday as markets continue to digest the recent downgrade of the rating in US debt, which led to a rollercoaster in US bond markets.