Fitch Financial News

Serhant Associate Broker Nile Lundgren weighs in on the middle-class getting priced out of home ownership.

Last week, Fitch downgraded the U.S. debt rating to AA+, which is one notch below the highest rating. This came after Fitch had placed the rating on negative watch back in May due to concerns surrounding the debt ceiling.

“We call India’s investment thesis a 5D advantage: De-globalisation, Deregulation, Debt, Demography and Democracy,” says Shiv Sehgal, President & Head, Nuvama Capital Markets. In an interview with ETMarkets, Sehgal said: “The reforms undertaken by India in the last ten years were necessary, tough and painful, and are tantamount to a second unshackling of India after the 1990s’ liberalisation” Edited excerpts:US downgraded triggered some nervousness in equity markets across the globe. Back in India investors got a reason to sell or book profits. Do you foresee any long-term impact on other asset classes? Fitch’s downgrade move follows a similar cut by S&P about 12 years ago.

BEIJING — Two years after Evergrande's debt troubles, worries about China's real estate sector are coming to the forefront again.

By Jamie McGeever

S&P Global Inc. will no longer publish ESG scores along with its credit ratings, as the company adjusts its approach in response to investor feedback.

European stocks rallied as investors took some comfort from assurances by the Italian government that a new windfall tax on banks will be capped.

RBI) may maintain a status quo on policy rates and monetary stance on Thursday but the six-member committee has at least six major factors to consider before they reveal the country's short-term monetary policy. Experts believe the RBI will maintain a status quo on rates and stance on August 10.

US bonds, booking profits in emerging markets (EMs) like India and repatriating some of their gains to the safety of the dollar. Their sharply reduced purchases of Indian equities so far this month correspond with a global equity selloff prompted by Fitch Ratings’ downgrade of the US sovereign rating which spurred rallies in Treasury yields and the dollar. Last week, Fitch Ratings cut the US’s sovereign credit grade one level to AA+ from AAA, two months after it warned the rating was under threat due to oft-repeated political standoffs on the debt ceiling.

By Lewis Krauskopf

A triple whammy hit global bond markets last week, with the Bank of Japan loosening its yield curve control program, Fitch downgrading U.S. Treasurys, and rising commodity prices reviving the narrative of “higher for longer” for the Fed funds futures.

By Bansari Mayur Kamdar and Johann M Cherian

By Lananh Nguyen and Juby Babu

The “orderly” pullback in US stocks last week has reduced the risk of a chaotic selloff and set the stage for further gains in the S&P 500, Citigroup Inc. strategists say.

Bulging sales of US Treasuries are about to deliver a major test of investor demand and determine whether a selloff has room to run as the market braces for the biggest round of refunding auctions since last year.

New Delhi: Tata Cliq Palette, the beauty retail platform under Tata Unistore, on Tuesday announced the opening of its first beauty store in Nexus Seawood Mall in Navi Mumbai. The retailer also launched its beauty app that directly competes with the likes of Nykaa and Reliance Retail’s Tira. “Tata CLiQ Palette recognises that everyone’s beauty journey is different.

Tata Motors, which had huge losses in the last year’s Q1, the growth normalizes to 20%, which is good enough. However, some recent blue-chip numbers from FMCG, Cement, IT, and Banks are below par, leading to a downgrade in future earnings. However, we need to notice that the total scenario is good, including the mid and small caps.

cryptocurrency markets were trading mixed in Friday's trade. Bitcoin, BNB, Tron, and Shiba Inu were trading with gains, while XRP, Litecoin, Cardano and Polkadot were trading with cuts. «The crypto market has experienced slight selling pressure in the last 24 hours. The crypto greed and fear index is up by 2 points and is currently in the neutral zone with a score of 54/100. The overall market, especially BTC, seems to be rather immune to many macro developments in its current state. The latest example is the rise of jobless claims and treasury rates, which usually triggers a risk-off sentiment amongst investors,» Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said. Bitcoin (BTC) rose 0.55% to $29,180, meanwhile, its largest peer, Ethereum, was also trading higher and stood above the $1,800 level. The total volume in DeFi is currently $2.41 billion, 8.31% of the total crypto market 24-hour volume. The volume of all stablecoins is now $27.03 billion, which is 93.14% of the total crypto market 24-hour volume.

(Reuters) — Brokerage Morgan Stanley (NYSE:MS) on Monday warned that lofty U.S. equity valuations could be questioned by investors if aggressive fiscal spending is curtailed after the downgrade of sovereign debt by ratings agency Fitch last week.

World Economic Forum suggests that transitioning to a nature-positive economy could generate over $10 trillion and create nearly 400 million jobs by 2030. Most importantly, it can support the public sector through blended finance - public private partnerships. It is beyond doubt that India has made good progress in its sustainability endeavours in response to climate change and other environmental hazards.

A clear majority of investors expect a US recession before 2024 is out, leading them to view the current bull market in stocks as ephemeral and to favor long-term US Treasuries.