Fitch Financial News

07.08 / 11:19

COST Lowe's Manufacturing Fitch voice Fiscal tightening is risk to stocks warns Morgan Stanley strategist

Warning bells are ringing for US stocks from signs that high fiscal spending, which underpinned economic growth this year, is unsustainable, according to Morgan Stanley’s Michael Wilson.

07.08 / 09:53

UPS Manufacturing CEO Fitch Sony country Suresh Soni is betting on capex, credit & consumer stocks. Here’s why

Suresh Soni, CEO, Baroda BNP Paribas MF, says “in the last three-four months, there have seen about Rs 125,000-150,000 crore of foreign flows, which is more than the entire outflow from FIIs last year. As the Indian growth story remains strong, we believe that foreigners who are relatively under-owned in India might invest more money. Domestic flows have remained strong.

07.08 / 07:43

Fitch RBI MPC may maintain the status quo on August 10; comment on inflation, growth trajectory to be in focus

inflation is likely to limit RBI's ability to lower interest rates during this year. Morgan Stanley expects India's retail inflation to leap to 6.2 per cent at the end of the quarter ended September, against its previous forecast of 5.5 per cent, due to higher food inflation. The Consumer Price Index (CPI) based inflation is, however, expected to moderate to a 5-6 per cent range during the second half of FY24.

07.08 / 04:39

Lowe's ETF AXY Fitch Gold Prices Gold prices recover on cooling US labour market. Should you buy?

Gold rate today: Amid US dollar hitting three-week low and Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting scheduled to begin from tomorrow, gold future contract for October 2023 expiry on Multi Commodity Exchange (MCX) opened higher at ₹59,550 per 10 gm and continue to remained sideway around its two week higher levels that it had achieved during Friday deals last week. In international market gold prices shed around 0.20 per cent during early morning session at various Asian stock markets.

07.08 / 03:59

COST FIVE Manufacturing Fallout Fitch country etmarkets ETMarkets FII Talk: This fund manager of Chicago based investment firm with over $1.6 bn in AUM is overweight on India

“We currently have an overweight position in India in our EM portfolio. But that wasn’t always the case. We launched the portfolio 5 years back with a marginally underweight position in India,” says Nikhil Rastogi, Portfolio Manager at Kabouter Management which has an AUM of $1.6 bn.

06.08 / 12:01

COST Progressive Fox Fitch show country US voters say credit downgrade 'another straw in the haystack' in a 'downward spiral' economy

'The Big Money Show' co-host Brian Brenberg speaks with voters in Fox Square about American's credit rating downgrade.

06.08 / 06:21

FIVE Booking Strategy Fitch Morningstar show country week FPIs take a breather; withdraw Rs 2,000 cr in first week of Aug

Indian equities in the first week of August, mainly due to Fitch downgrading the credit rating for the US. In addition, the rich and stretched valuations and minor profit booking could be the reasons for this outflow, Yes Securities Chief Investment Advisor Nitasha Shankar said. «A sharp spike in the US 10-year bond yield above 4 per cent is a near-term negative for capital flows to emerging markets,» Geojit Financial Services Chief Investment Strategist VK Vijayakumar said.

05.08 / 12:05

UPS Lowe's Apple NIFTY Fitch show week Expect more volatility this week; be stock selective: Aamar Deo Singh, Angel One

While stock markets have discounted the Fitch downgrade, mixed global cues coupled with a spike in crude oil prices post Ukraine’s drone hit on Russian oil installations, could trigger high volatility in coming weeks, says Aamar Deo Singh, Head Advisory at Angel One. Being selective in investments will be key, he adds.What lies ahead for Nifty after falling 0.66% this week on Fitch factor? Is that priced in now? Most of the major global markets closed in the red last week, on the back of the downgrade of the US credit rating to AA+ by Fitch.

05.08 / 10:41

UPS ETF Fitch social week Gold likely to remain rangebound with a bearish outlook next week

Ten-year US yields rose to the highest level since October 2022 as the yields rose to 4.2043% before falling on the US non-farm payroll report released Friday. Global rating agency Fitch, which had kept the US Government's credit on a negative watchlist in May, downgraded the US government's credit rating to AA+ from AA on anticipated fiscal deterioration over the next three years, a high and growing general government debt burden, social security concerns and governance issues. The reaction so far is largely muted in the financial markets.

05.08 / 08:01

Caterpillar NIFTY Fitch country classical Fitch Ratings downgrade: Is panic warranted in the markets?

Now the question is do we need to panic now? Is a rating downgrade the end of the world? Let us first understand the main reasons behind the rating downgrade by Fitch. They cited three main reasons behind credit downgrade. 1.

05.08 / 06:19

Target Strategy NIFTY Fitch performer star week stake Vedanta ends week with 11% loss on promoter paring stake. How to trade next week?

Amid offloading of a 4.1% stake by a promoter entity, shares of Vedanta ended over 11% lower this week. “On the lower end, it has support at Rs 225, where it could fall from the current level. On the higher end, resistance is visible at Rs 256,” says Rupak De, Senior Technical Analyst at LKP Securities.Edited excerpts from a chat:How would you read the roller coaster ride amid the fear around Fitch report? Is the bullish momentum intact?Nifty fell sharply following the downgrading of the US credit rating from AAA to AA+, leading to a breakdown from the recent consolidation on the daily timeframe.

05.08 / 04:51

UPS Target Amazon Fitch show track US stocks week Wall St Week Ahead: Inflation report, bond yields in focus as US stocks rally pauses

bond yields offer the latest test to a U.S. stock rally that has delivered hefty gains this year. The benchmark S&P 500 index is up 16.6% year to date, fueled by an improving economic outlook, excitement over developments in artificial intelligence and signs that the Federal Reserve is close to ending its market-bruising U.S.

05.08 / 02:47

COST Manufacturing CME Fitch social rate hikes Economy adds 187,000 jobs in July, a sign the Fed's rate hikes are working

Fisher Investments founder Ken Fisher discusses whether the U.S. credit downgrade is a big deal for Wall Street as markets sell off on 'Varney & Co.'

05.08 / 02:47

Fox Remark Puzzle Fitch show social Janet Yellen doubles down on criticism of Fitch’s US credit downgrade

The Big Money Show co-host Brian Brenberg speaks with voters in Fox Square about Americans credit rating downgrade.

04.08 / 14:47

UPS ETF NASDAQ DOW Fitch show Top 20 Stocks to Weather August Volatility on Wall Street

Cracks are starting to emerge in the year-to-date rally on Wall Street as sentiment took a turn for the worse following Fitch's downgrade of the top-tier U.S. credit rating this week.

04.08 / 05:55

Dogecoin cryptocurrency litecoin shiba inu price Fitch Ethereum Price Bitcoin Price bitcoin rises Crypto Price Today: Bitcoin rises above $29,600; Polygon, BNB surge up to 3%

Fitch Ratings downgraded the US long-term debt rating on fiscal concerns. Fitch Ratings has downgraded the United States' sovereign credit grade by one level from AAA to AA+ on the basis of 'ballooning fiscal deficits and erosion of governance' that have caused repeated debt limit emergencies over the past two decades. Bitcoin (BTC) surged 2.61% to $29,657, meanwhile, its largest peer, Ethereum, was also trading higher and climbed above the $1,850 level.

04.08 / 02:41

UPS Provident Fitch MSCI Nikkei show Asian shares rise as investor focus turns to US payrolls

Asian shares rose on Friday, while the dollar pulled back from a one-month peak as investors took stock of the slew of U.S. economic data that showed a resilient labour market ahead of a crucial non-farm payrolls report due later in the day. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.46% higher after dropping 2.3% on Thursday.

04.08 / 02:41

UPS Lowe's NASDAQ COMPOSITE Fitch show US stock market: Wall Street closes near flat as Treasury yields surge

The benchmark U.S. 10-year Treasury yield rose as high as 4.198% during the session, the highest since November, extending its climb from a day earlier following Fitch's downgrade of the top-tier U.S. credit rating.

04.08 / 02:23

UPS Target NIFTY SENSEX Fitch Day trading guide for today: Six stocks to buy or sell on Friday — August 4

Day trading guide for today: Following Wall Street sell off after Fitch downgraded US credit rating, Indian stock market finished lower for third straight session on Thursday. Nifty 50 Index went down 144 points and ended at 19,381 levels, BSE Sensex lost 542 points and closed at 65,240 mark whereas Bank Nifty index finished 482 points lower at 44,513 levels. However, broad market indices ended higher.

04.08 / 00:59

NIFTY SENSEX Fitch Dalal Street indices wobble with global weakness

Fitch's downgrade of US long-term credit rating. BSE Sensex fell 542 points, or 0.82%, to at 65,240. NSE's Nifty declined 144 points, or 0.74%, to end at 19,381.

03.08 / 19:43

COST UPS Action Fitch show Rating agencies, don’t be such a Fitch

Fitch Ratings has offered for downgrading US sovereign credit — anticipated fiscal deterioration, a rising government debt burden and erosion of governance — the first two are forward-looking, the third a normative observation. Naturally, questions will arise over the timing of the rating action. Expectations of monetary tightening bringing the US economy to a standstill are receding.

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