AA arghg! Stocks in debt ceiling risk zone after US rating warning

[1/2] The US Capitol is reflected in a diminishing pool amidst ongoing negotiations seeking a deal to raise the US debt ceiling and avoid a catastrophic default, in Washington, US, on May 24, 2023. REUTERS/Jonathan Ernst SINGAPORE (Reuters) – Markets were stuck in uncertainty about the U.S. debt ceiling on Thursday, while Europe largely ignored … Read more

Business growth in the Eurozone was strong in May but is showing signs of abating – Flash PMI

[1/2] A new Formentor designed by the Seat Cupra is seen on the assembly line of the factory in Martorell, near Barcelona, ​​Spain, September 29, 2020. Business growth in the euro zone remained resilient, but slowed slightly more than expected this month, a survey showed on Tuesday, as the bloc’s dominant services industry lost a … Read more

Markets are jittery about the uncertainty about the debt ceiling and rising US yields

[1/2] A trader works at the Frankfurt Stock Exchange amid the coronavirus disease (COVID-19) outbreak, in Frankfurt, Germany, December 30, 2020. REUTERS/Ralf Orlovsky Debt ceiling hopes are hanging Fed talk pushes US yields higher European stocks are down, and US futures are flat European PMI data shows that business growth has remained resilient SINGAPORE (Reuters) … Read more

Chinese President unveils the grand development plan for Central Asia

[1/6] Chinese President Xi Jinping speaks at the round table during the China-Central Asia Summit in Xi’an, Shaanxi Province, China, May 19, 2023. Mark Cristino/Pool via Reuters XIAN (Reuters) – Chinese President Xi Jinping on Friday unveiled a grand plan for the development of Central Asia, from building infrastructure to boosting trade, and assuming a … Read more

The “soft landing” narrative is taking shape in the post-pandemic US economy

AMELIA ISLAND, Fla., May 18 (Reuters) – The battering of bank bond portfolios in more than a year of rising interest rates sparked fears this spring after the Silicon Valley bank collapse that a spiraling financial crisis could soon develop and wreck the United States. Economy. New research, however, indicates that these investment losses — … Read more

The dollar climbed to its highest level in seven weeks after strong data and optimism about the debt ceiling

Housing in the United States begins to rise in April Biden and McCarthy are pushing for a deal soon The Chinese Yuan is weakening after 7 dollars for every dollar The US dollar reached a two-week high against the yen SINGAPORE (Reuters) – The dollar rose to a seven-week high on Wednesday, boosted by optimism … Read more

Yellen says a default in the US could lead to a recession

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen warned on Tuesday that a default on government debt would likely leave millions of Americans without income payments, triggering a recession that could destroy many American jobs and businesses. Yellen told a group of local bankers that the unprecedented economic and financial crisis would be exacerbated by … Read more

Federal Reserve officials expect interest rates to remain high, and possibly even higher

[1/2] A photo of the Federal Reserve Building in Washington, US, on March 19, 2019. REUTERS/Leah Mellis/ May 15 – US central bankers signaled on Monday that they see interest rates to remain high and, if anything, to rise, given inflation may be slow to improve and the economy is showing only temporary signs of … Read more

The US debt crisis overshadows the meeting of the G7 financial leaders

Japan says the G7 may discuss the US debt crisis, and is ready to respond Biden warns of an American recession unless the ceiling is raised quickly Group of Seven to discuss ways to strengthen the global banking system Slowing inflation in China adds to fears of a global recession Yellen wants to discuss the … Read more

Preview China and the US debt problems may dominate the G7 finance chiefs’ talks

Japan hosts the G7 financial leaders’ meeting from May 11-13 The rising risk of a US debt default could put Yellen under pressure The G7 is seeking a deal to diversify supply chains away from China An awareness meeting to discuss the debt problems of emerging countries Stubbornly high inflation and slowing growth are among … Read more