Pre-Market Pulse 20th May – Wall Street Shrugs as US Debt Warnings Mount
Stocks eked out a small gain overnight as retail investors shrugged off warnings from Ratings agency, Moodys, about the spiralling US Government debt.
Stocks eked out a small gain overnight as retail investors shrugged off warnings from Ratings agency, Moodys, about the spiralling US Government debt.
Stocks climbed Friday, notching a big weekly gain, after shrugging off an unexpected dip in consumer sentiment as ongoing optimism about the recent U.S.-China trade continues to support sentiment. However, rating agency, Moodys removed the US AAA rating after the bell sending futures lower
Amid global economic unrest, the Australian dollar dips below US65¢, while China faces deflationary pressures. Noteworthy stock movements include CBA’s rise and InvoCare’s notable upswing.