- The future contracts of shares indicated a decrease On Sunday evening, while investors were wearing new warnings about the debts of the United States and the possibility of President Donald Trump’s commercial war to heat again. Late Friday, Moody reduced the American credit rating. This came at a time when Congress tries to extend Trump’s tax cuts and add new discounts, which are expected to deepen the federal deficit.
American stocks indicated a decline on Sunday night, as investors have made new warnings on the debts of the United States and the possibility of President Donald Trump’s commercial war to heat again.
Futures for Dao The Jones industrial average decreased 250 points, or 0.58 %. S& P 500 futures decreased by 0.6 %, while Nasdak Futures decreased 0.61 %.
The return on the cabinet increased for 10 years 4.6 basis points to 4.485 % yet MOODY reduced American credit rating From the first degree on Friday to AA1 from AAA, the highest degree.
He pointed out, “The increase that exceeds a decade in government debt rates and pay benefits to much higher levels of kings classified as well.”
The dollar fell 0.16 % against the euro and 0.13 % against the yen. Gold rose 1.86 % to $ 3,246.40 an ounce. American oil prices were flat to $ 62.50 a barrel, and Brent crude rose less than 0.1 % to $ 65.45.
The stock market has been in a list since Trump began to stop or back down some of the most aggressive definitions. In reality, S & P 500 is only less than 3 % less than its peak After a fierce recovery, some veterans in the market see more gains.
Friday, reportsThe American Union and the European Union began serious negotiationsThe markets gave an elevator after the gathering earlier this monthTrump’s escalation with ChinaA commercial deal with Great Britain.
But Sunday, Treasury Secretary Scott warned That any country that does not negotiate with good faith will witness a tariff that dates back to the “liberation day” levels, which sparked an epic sale last month.
duringAn interview on CNNUnion caseHe added that there are 18 “important” commercial partners that the United States focuses on, while there are much smaller partners “we can only reach a number.”
“My other sense is that we will do a lot of regional deals -” this is the rate of Central America, and this is the rate of this part of Africa. “
MOODY can also reduce the amount of additional upward arrows, especially if the borrowing costs are sent up by increasing the cabinet revenue.
But some Wall Street analysts said that it does not tell investors about anything new and follows similar moves from Standard & Poor’s in 2011 and Fitch in 2023.
Meanwhile, Republican -controlled Congress tries to extend the tax cuts from Trump’s first term and add new spaces such as ending taxes to advice, additional work and social security income. While lawmakers are also looking for spending cuts, some even call for tax rise on millionaires to enhance revenues, the total impact of financial proposals in general will add trillion to the budget deficit in the coming years.
This is that the deficit has already reached a trillion dollars so far in this fiscal year and reached 2 trillion dollars in the previous financial years. Debate of debt benefits alone is one of the largest spending elements, exceeding the Pentagon budget.
Moody’s said on Friday: “During the next decade, we expect a greater deficit as spending in spending is high, while government revenues are still widely flat,” Moody’s said on Friday. “In turn, the ongoing financial deficit will push the burden of government debt and benefits up. It is possible that the financial performance of the United States will deteriorate in relation to its past and compare it to other high -class dictates.”
This story was originally shown on Fortune.com
