All articles tagged with #sandp
S&P Global Ratings downgraded France to A+ from AA- due to elevated budget uncertainty and political instability, potentially impacting bond markets and reflecting ongoing fiscal and political challenges amid a fragile government and economic concerns.
S&P has downgraded France's credit rating due to expectations of an increasing debt burden, reflecting concerns over the country's fiscal outlook.
The Dow Jones Industrial Average rose as the S&P affirmed the U.S. credit rating, supported by increased tariff revenue, reflecting positive investor sentiment in the stock market.
The Nasdaq, S&P 500, and Dow Jones Industrial Average pared some losses as an inflation gauge came in line with expectations, indicating a potentially stabilizing economic outlook.
Standard & Poor's downgraded France's sovereign debt rating from "AA" to "AA-" due to higher than expected deficits, which could have minor market impacts but significant political repercussions. The downgrade pressures President Macron's government to detail budget savings and may influence the upcoming EU parliamentary elections, where Macron's party is trailing the far right. Opposition parties are using the downgrade to criticize the government's financial management.
European equity index futures rose, while Asian stocks fell; gold reached a new high and oil prices increased amid renewed Middle East tensions. Markets are processing US inflation data and preparing for the start of American earnings season, while also monitoring Iran's potential response to a recent attack on its diplomatic compound in Syria.
Bonds in Asia fell sharply as higher-than-expected US inflation suggested the Federal Reserve may not cut interest rates soon, causing benchmark 10-year yields in Australia, New Zealand, and Japan to rise. US Treasuries recovered slightly after a selloff lifted the 10-year yield above 4.5% for the first time in five months.
European stocks rose on bullish news in the technology sector and higher resources prices, ahead of key US inflation data. The Stoxx 600 index climbed 0.6%, driven by surging sales at Taiwan Semiconductor Manufacturing Co. and gains in miners. Tesco Plc also rose as it forecast higher retail profit and announced a share buyback, while US stock futures remained steady.
Asian stocks rose following gains on Wall Street, driven by better-than-expected US payrolls data, while oil prices fell as Israel announced plans to remove some troops from Gaza. Japanese shares led the regional gains, with Australian and South Korean stocks also advancing, but Chinese equities were dampened by a winding up petition for Shimao Group.
Japanese stocks rise as yen weakens, while the rest of Asia struggles after Wall Street selloff. Dollar strengthens against major peers as yen hits lowest level versus dollar since 1990, sparking speculation that Japan will intervene to stem decline. Nikkei 225 index on track for record closing high.
Asian stocks, led by Japanese shares, climbed as the MSCI Asia Pacific Index advanced, with the Nikkei 225 jumping the most in a month. China’s mainland equities also rose after strong economic data. US equity futures climbed following a 0.7% fall in the S&P 500 on Friday, ahead of policy decisions from the Bank of Japan and Federal Reserve.
The Nasdaq, S&P, and Dow all saw gains as the market shrugged off caution ahead of the upcoming jobs report, with Nvidia nearing a $1 trillion market cap. Federal Reserve Chairman Jay Powell's return to Capitol Hill was met with relief as his remarks suggested a potential rethink of proposed bank regulation tightening, while Treasury yields remained relatively stable. The JOLTS quits rate fell to its lowest level since August 2020, and initial jobless claims for the week of March 2 remained unchanged at 217K.
Asian stocks fell in response to a drop on Wall Street and hotter-than-expected US inflation data, with shares declining in South Korea, Japan, and Australia. Chinese equities in Hong Kong also retreated after the Lunar New Year holiday, and Japan's top currency official warned about rapid movements in the foreign-exchange market, stating that authorities are prepared to take action if necessary.
Japanese and South Korean stocks rose as trading resumed after a holiday, while US equity futures edged lower ahead of inflation data due later Tuesday. South Korea’s benchmark Kospi index was on course to erase year-to-date losses as expectations for a regulatory push to boost the local stock market continue. Markets are closed in China, Hong Kong, Taiwan, and Vietnam for Lunar New Year holidays.
The Nasdaq, S&P, and Dow advanced on the back of a stronger-than-expected non-farm payrolls report and strong earnings from Meta Platforms and Amazon. However, Apple's disappointing results in China tempered the Dow's gains. The non-farm payrolls report showed a significant upside surprise, with payrolls at +353K and an unemployment rate of 3.7%. Additionally, the 10-year Treasury yield rose to 4.03%, and the 2-year yield increased to 4.37%. Consumer sentiment improved, while December factory orders slightly missed expectations.