Economic events
Mortgage rates cross back over 7% after U.S. credit downgrade
After several weeks of sitting stagnant, mortgage rates surged higher Monday following Moody’s decision to downgrade the U.S. credit rating. Bond yields moved higher after the late Friday announcement, and mortgage rates loosely follow the yield on the 10-year Treasury. The average rate on the popular 30-year fixed loan hit 7.04% Monday, according to Mortgage […]
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30-year Treasury passes 5% after Moody’s downgrades U.S. credit rating
U.S. Treasury yields spiked on Monday after Moody’s downgraded the U.S.’ credit rating, citing fiscal concerns. At 4:46 a.m. ET, the 30-year Treasury yield was up over 10 basis points to 5.021%. The 10-year yield also rose 10 basis points to reach 4.542%. Meanwhile, the 2-year Treasury yield was up over 2 basis points, reaching 4%. One basis point […]
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China’s April retail sales growth of 5.1% misses expectations as consumption remains a worry
Citizens are shopping at a supermarket in Nanjing, East China’s Jiangsu province, on March 9, 2024. Costfoto | Nurphoto | Getty Images China’s retail sales growth slowed in April, data from the National Bureau of Statistics showed Monday, signaling that consumption remains a worry for the world’s second-largest economy. Retail sales rose 5.1% from a […]
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Asia-Pacific markets fall as investors parse Moody’s U.S. downgrade
A man walks past buildings at Central Business District (CBD) in Beijing, China April 8, 2025. Tingshu Wang | Reuters Asia-Pacific markets fell Monday as investors await a slew of economic data from across the region and parse Moody’s downgrade of the U.S. credit rating. Japan’s benchmark Nikkei 225 slipped 0.54% at the open while […]
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Stock futures slide after U.S. debt downgrade highlights deficit risk: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 14, 2025. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters Stock futures fell Sunday evening as investors responded to Moody’s downgrade of the U.S.’ credit rating. Futures tied to the Dow Jones Industrial Average dropped 308 points points, or […]
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Moody’s downgrades United States sovereign credit rating, citing growth in government debt
Kent Nishimura | Los Angeles Times | Getty Images Moody’s Ratings cut the United States’ sovereign credit rating down a notch to Aa1 from the Aaa, the highest possible, citing the growing burden of financing the federal government’s budget deficit and the rising cost of rolling over existing debt amid high interest rates. “This one-notch […]
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Stock futures rise as S&P 500 tries to extend rally to five days: Live updates
A trader works on the floor at the New York Stock Exchange on May 12, 2025. Brendan McDermid | Reuters Stock futures rose Friday after the S&P 500 posted a four-day rally on the back of U.S. and China’s temporary tariff cuts and encouraging inflation reports. Futures tied to the Dow Jones Industrial Average added […]
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Japan assets saw record inflows in April as investors fled U.S. markets — their promise still holds
A man walks past an electronic board showing the Nikkei 225 index on the Tokyo Stock Exchange along a street in Tokyo on April 7, 2025. Kazuhiro Nogi | Afp | Getty Images Japan saw record foreign inflows into its equities and long-term bonds in April as investors fled U.S. markets following President Donald Trump’s […]
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Asia-Pacific markets trade mixed as investors parse Japan’s downbeat GDP data
Yukinori Hasumi | Moment | Getty Images Asia-Pacific markets were mixed Friday as investors parsed Japan’s latest gross domestic product figures and awaited a slate of other economic data from the region. Japan’s benchmark Nikkei 225 slipped 0.14%, while the Topix added 0.12% after Japan’s economy contracted 0.2% quarter-on-quarter for the three months ended March. […]
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CNBC’s Inside India newsletter: Could border flare-ups threaten India investments?
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story Indian Border Security Force (BSF) soldiers stand guard at the entrance of the India-Pakistan […]
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