News
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EU executive cuts euro zone growth forecasts because of U.S. trade war
BRUSSELS, May 19 (Reuters) - The euro zone economy will grow more slowly this year and next because of the trade war started by the United States and uncertainty over when and how it will end, the European Commission said on Monday.
Reuters
Mon, May 19
What Happens When the U.S. Loses Its Last AAA Rating? Sell America Again or Just “Sell the Fact”?
TradingKey - Following news that Moody’s downgraded the U.S. sovereign credit rating, and that China’s holdings of U.S. Treasuries fell to third place globally, Wall Street is now weighing a critical question: Will investors "sell the fact" and return to dollar assets — or will this trigger...TradingKey
Mon, May 19
Risk-free U.S. Bonds at Risk: China’s Diversification Strategy and Moody’s Downgrade Draw a Red Line
TradingKey - Just days after the easing of global trade tensions due to the Trump administration's tariff truce, the U.S. Treasury market may be facing further pressure — with no rally in sight. The recent bond market weakness has been exacerbated by two major developments: China’s decline as the...TradingKey
Mon, May 19
Japan's Nikkei falls as US credit downgrade spurs asset jitters, lifts yen
TOKYO, May 19 (Reuters) - Japan's Nikkei share average fell on Monday after Moody's downgrade of the U.S. government credit rating raised concerns about a potential flight from U.S. assets, leading to a stronger yen.
Reuters
Mon, May 19
Euro zone government bond yields edge up, taking cues from US Treasuries
May 19 (Reuters) - Euro zone government bond yields edged up on Monday, taking cues from U.S. Treasuries as a Moody's downgrade of the U.S. credit rating underlined concerns about future fiscal policies.The rating agency move could complicate President Donald Trump's efforts to cut taxes.Reuters
Mon, May 19
Ryanair forecasts fare rebound as consumers recover from interest-rate hit
DUBLIN, May 19 (Reuters) - Ryanair RYA.I on Monday reported strong demand across Europe and projected that fares would rebound to recover much of the decline that dented profit last year as consumers struggled with high interest rates.Reuters
Mon, May 19
Japan's Nikkei falls as US credit downgrade spurs asset jitters, lifts yen
TOKYO, May 19 (Reuters) - Japan's Nikkei share average dropped on Monday after Moody's downgrade of the U.S. government credit rating raised concerns about a potential flight from U.S. assets, leading to a stronger yen.Reuters
Mon, May 19
China, Hong Kong stocks sag on soft data despite tariff truce lift
SHANGHAI, May 19 (Reuters) - China and Hong Kong stocks sagged on Monday, as weak local data on industrial and retail sales highlighted ongoing economic challenges, although the Sino-U.S. tariff reprieve continued to lift shares of port operators.
Moody’s Downgrades U.S. Credit Rating, Treasury Secretary Threatens Tariff Restoration, Gold Prices Surge!
The U.S. credit rating was downgraded by Moody’s, and the Treasury Secretary threatened to reinstate reciprocal tariffs, triggering a surge in gold prices amid heightened risk aversion.
TradingKey
Mon, May 19
Nissan considering plant closures in Japan, overseas, sources say
TOKYO, May 17 (Reuters) - Nissan 7201.T is considering plans to shut two car assembly plants in Japan and overseas factories, including in Mexico, sources said on Saturday, as part of a cost-cutting plan the company flagged earlier this week.Reuters
Mon, May 19
US Treasury Sec. Bessent warns of tariffs rates to ‘reciprocal’ level if no trade deal
US Treasury Secretary Scott Bessent told CNN News on Sunday, President Donald “Trump has put them on notice that if you do not negotiate in good faith, you will ratchet back up to your April 2 level.”Fxstreet
Mon, May 19
