Fitch Financial News

03.08 / 04:09

COST UPS Fitch show country Fitch move spotlights US debt risk as recession fear fades

Fitch Ratings to downgrade US government credit has put a renewed focus on the nation’s debt trajectory, just when the world’s largest economy is shaking off forecasts for a looming recession. In the past week, Chairman Jerome Powell said the Federal Reserve is no longer expecting a US downturn, even after the most aggressive interest rate hikes in decades, and economists at Bank of America Corp. also scrapped their recession forecast.

03.08 / 04:09

UPS Waves Extreme BlackRock Fitch show country Ratings firms struggle with climate risk in $133 trillion market

They recently upgraded Miami’s credit rating, citing a robust tax base and labor market. The city’s “elevated” environmental risks, S&P says, are offset by mitigation projects such as those designed to counter rising sea levels. As the world reels from the mounting impact of heat waves, droughts and fiercer storms, there is growing concern that credit rating analysts are misreading climate risks in the $133 trillion global bond market, to the detriment of creditors and borrowers alike.

03.08 / 03:59

UPS SUN Enterprise Fitch performer Power Q1 results today: Adani Enterprises, Adani Power, Sun Pharma to Zomato — 63 companies to declare Q1 results 2023

Q1 results today: Amid falling stock market due to weak global market cues after Fitch downgraded US credit rating from AAA+ to AAA, stock market experts are suggesting stock specific approach to intraday trading members. For long term investors too, Q1 results 2023 is an important trigger as it would help them understand the fundamentals of the company to find out quality stock at discounted levels.

03.08 / 03:11

UPS Target Enterprise NIFTY Fitch Day trading guide for today: Six stocks to buy or sell on Thursday — August 3

Day trading guide for today: On account of weak global market sentiments after Fitch downgraded the US credit rating, Indian stock market ended lower on Wednesday. Nifty 50 index lost 207 points and closed at 19,526 levels whereas BSE Sensex nosedived 676 points and ended at 65,782 mark. Bank Nifty index corrected 596 points and finished at 44,995 levels.

03.08 / 02:47

UPS Strategy Fitch ADP show country trumps Dollar stands tall as US economic resilience trumps fiscal uncertainty

dollar was perched near a four-week high on Thursday, shrugging off a U.S. credit rating downgrade that cast doubt on the country's fiscal outlook, and instead got a leg up from strong private payrolls data. Data out on Wednesday showing U.S.

03.08 / 02:47

UPS Amazon NASDAQ Apple Fitch Asian shares hesitant after Wall Street sell-off, dollar buoyant

Asian shares were subdued on Thursday after Fitch downgraded U.S. sovereign debt sparking profit-taking, with investors now shifting focus to Bank of England's rate decision and earnings from Apple and Amazon. Both S&P 500 futures and Nasdaq futures added 0.2%, following a heavy wave of selling on Wall Street overnight.

03.08 / 02:35

UPS Reuters Ripple Fallout Fitch Oil rises marginally as markets weigh inventory data, US ratings downgrade

Oil prices rose slightly in early Asian trading on Thursday, as markets weighed bullish U.S. inventory data on Wednesday and a likely extension of OPEC+ output cuts against the fallout of Fitch's downgrade of the U.S. government's top credit.

03.08 / 02:35

Lowe's Reuters Fitch show country week Gold near 3-week lows as US data points to more Fed tightening

Gold prices languished near three-week lows on Thursday after a larger-than-expected increase in U.S. private payrolls in July fuelled bets on more monitory policy tightening and boosted the dollar and bond yields. FUNDAMENTALS * Spot gold was little changed at $1,935.20 per ounce by 0100 GMT, trading near its lowest level since July 12 hit in the previous session.

03.08 / 02:23

Platform NIFTY SENSEX Fitch show country Updates Sensex Today | Share Market Live updates: Sensex, Nifty expect steady start; Gift Nifty in green

₹3.5 trillion on Wednesday as FPIs sold shares to meet redemption pressures in developed markets spooked by Fitch Ratings’ downgrade of US credit ratings.Fitch downgraded the United States to AA from AAA late on Tuesday, citing expected fiscal deterioration over the next three years as well as growing government debt. Fitch was the second major agency to cut the country's rating. In 2011 Standard & Poor's stripped the country of its triple-A grade.The risk-off sentiment was reflected in the prices of safe-haven asset gold, which rose 1.6% during the day in the international marketThe top consumer lifestyle firm in India, Titan Company, announced a 19% increase in revenue for the first quarter of FY 2023–2024.

03.08 / 02:21

NASDAQ Enterprise NIFTY Fitch VIX GIFT Nifty up 25 points; here's what changed for market while you were sleeping

«Going ahead, markets could remain subdued given the gloomy global environment. Stock-specific action is likely to continue in the market with the ongoing result season,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded 27.5 points, or 0.14 per cent, higher at 19,528, signaling that Dalal Street was headed for positive start on Thursday.

03.08 / 02:21

FIVE NASDAQ Apple COMPOSITE Fitch country US stock market: Wall Street ends down, investors step back after Fitch US rating cut

Nasdaq Composite down for a second straight day as investors took profits on five months of gains a day after rating agency Fitch cut the U.S. government's credit rating. Fitch downgraded the United States to AA+ from AAA late on Tuesday, citing expected fiscal deterioration over the next three years as well as growing government debt.

03.08 / 01:47

UPS NIFTY SENSEX Fitch show Indices tank 1% after Fitch spoils mood on Street

global markets, after Fitch Ratings cut the sovereign credit rating of the US, the world's largest economy, by one level from the highest AAA to AA+. The selloff on account of the unexpected downgrade resulted in the Nifty closing below a key support of 19,560, which analysts said has opened up the likelihood of the index dropping another 2-3% unless there is an immediate rebound.NSE's Nifty fell 207 points, or 1.05%, to close at 19,526.55. BSE's Sensex declined 676.53 points, or 1.02%, to end at 65,782.78.

03.08 / 01:43

NIFTY Fitch Nikkei KOSPI show Indian US stocks Gift Nifty, Asian markets to selloff in US stocks - key triggers for Indian stock market today

Fitch downgraded the United States to AA+ from AAA, citing expected fiscal deterioration over the next three years as well as growing government debt. Meanwhile, private payrolls data in the US showed that the companies added 324,000 new jobs last month, much higher than the consensus estimates. In Asia, investors will focus on the Caixin private survey for China’s service sector activity in July.

02.08 / 22:24

Lowe's Matthews Fitch show country BofA cancels call for recession in U.S. — the first big Wall Street bank to do so

Economists at Bank of America Corp. revoked their forecast for a recession in the United States, becoming the first large Wall Street bank to officially reverse its call amid growing optimism about the economic outlook.

02.08 / 21:15

Siemens COMPOSITE Fitch Nikkei US stocks Global markets update: US stocks slump after Fitch cuts US credit rating

Siemens Healthineers fell 5.6% after its quarterly profit dropped. German fashion brand Hugo Boss slid 1.9% despite it raised its full-year outlook. In Asia, stock markets closed down on Wednesday.

02.08 / 19:45

UPS DOW CEO Fitch country Advisors take US debt downgrade in stride: ‘More to do with politics than economic stability’

Financial advisors weren’t expecting a credit rating agency to downgrade U.S. debt two months after the country avoided a default, but they’re taking the move in stride.

02.08 / 19:35

NASDAQ DOW Fitch Stock market today: Wall Street heads for its worst day in months as its rally loses more momentum

Wall Street is heading for its worst drop in months as a torrid rally that critics called overdone lost momentum

02.08 / 19:09

COST CEO JPMorgan Chase Fitch country JPMorgan CEO Jamie Dimon calls Fitch Ratings U.S. downgrade 'ridiculous,' but says 'doesn't really matter'

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02.08 / 18:29

UPS FIVE NIFTY SENSEX Fitch VIX Indian US rating cut leaves Indian investors poorer by ₹3.5 tn

MUMBAI : Indian investors turned poorer by ₹3.5 trillion on Wednesday as foreign portfolio investors (FPIs) sold shares to meet redemption pressures in developed markets spooked by Fitch Ratings’ downgrade of US credit ratings. Benchmark indices Nifty and Sensex ended over 1% lower each at 19,526.55 and 65,782.78. FPIs sold shares worth a provisional ₹1,877.84 crore on Wednesday, even as domestic institutions sold shares worth a meagre ₹2.2 crore.

02.08 / 18:11

COST UPS SENSEX Fitch US debt shudders

A downgrade of the US sovereign debt rating to AA+ from AAA by Fitch Ratings overnight on Tuesday sent shudders around the world, with stock markets tumbling by as much as 2.5%. In India, the S&P BSE Sensex closed about 1% lower on Wednesday. Fitch’s move reminds us of a similar rating cut by Standard & Poor’s in 2011.

02.08 / 17:19

Lowe's Reuters Fitch MSCI ADP show Dollar shrugs off Fitch's US downgrade, advances on strong jobs data

dollar rose on Wednesday as investors shrugged off Fitch's U.S. credit rating downgrade while data showing a larger-than-expected increase in private payrolls in July bolstered the greenback as it suggested further labor market resilience. Private payrolls rose by 324,000 jobs last month, the ADP National Employment report showed, more than an increase of 189,000 that economists polled by Reuters had forecast.

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