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Europe: Stocks subdued as corporate news outweighs US credit downgrade
EUROPEAN stocks closed flat on Monday, following a five-week winning streak, as declines from a surprise US credit rating downgrade were offset by upbeat corporate updates.The pan-European Stoxx 600 index...
US: Stocks end higher, shrugging off Moody’s downgrade
[NEW YORK] Wall Street stocks edged higher on Monday after shrugging off a spike in US Treasury bond yields following Moody’s downgrade of the US credit rating.But yields subsequently eased as...
Oil Prices Fall After U.S. Credit Downgrade and Weak China Data
Oil prices dropped on Monday as two significant developments shook investor confidence. Moody's cut the U.S. sovereign credit rating, and China reported a more meager-than-expected increase in its industrial output and...
Gold Prices Climb Over 1% Following U.S. Credit Downgrade
Gold prices rallied on Monday, gaining over 1% as Moody's downgraded the U.S. government's credit rating, prompting investors to look for safe havens. The news follows a period of extreme...
STI slips 0.6%, weighed down by US credit rating downgrade
[SINGAPORE] Singapore shares closed the first trading day of the week lower, as with most of the regional major indexes, as United States equity and bond futures slid in...
OCBC remains bullish on investment outlook despite US credit downgrade by Moody’s
[SINGAPORE] Local bank OCBC remains positive about the investment outlook for the next one year, despite Moody’s downgrade of the United States’ credit rating on Friday (May 16).The ratings...
Some analysts downgrade CDL shares, reduce price target on boardroom tussle
ANALYSTS believe that the ongoing feud between CDL’s executive chairman Kwek Leng Beng and chief executive officer and his son, Sherman Kwek, could cause an overhang on the group’s...
Some analysts downgrade CDL, reduce price target on boardroom tussle
ANALYSTS believe that the ongoing feud between CDL’s executive chairman Kwek Leng Beng and chief executive officer and his son, Sherman Kwek, could cause an overhang on the group’s...
