The US futures and the European markets are trading higher on the positive sentiment among traders that the political saga in the US will come to its end and there will be a resolution over the debt ceiling among the Republicans and the Democrats.Read More
The political saga continues in the US for the 10th day, While the US government remains shut for another day. Traders are still concerned that Washington may pass the deadline to raise the debt ceiling which could certainly lead the country to a default.
The short term solution may not be a solution
However, there has been some progress made on the political gridlock front as the president Barack Obama met Democrats yesterday and meeting the Republicans today. The hope is that both sides will reach done sort of agreement which will enable them to raise the debt ceiling in a short term.Read More
Still no resolution Another day of fruitless conversation between the Democrats and Republicans over the US government shutdown has passed and there is still no resolution in sight. Markets have certainly started to wake up to the reality that if the resolution in Washington is not reached soon, this could have serious consequences for…Read More
Despite a strong negative finish on Wall Street last night, the Asian markets were able to close in a positive territory this morning. However, the European markets and the US futures are once again under pressure. There is no doubt that investors are still very anxious about the US government shut-down and the looming debt ceiling fight, however there is a vehemence that somehow a deal may get done before the 17th of October.Read More
Asian markets closed with heavy losses on the first trading day of the week. Traders are selling off the riskier assets due to the deadlock of government shutdown in Washington. Over the weekend, it was expected that politicians will come to their senses and will make some sort of resolution, but John Beohner showed no sign of making a negotiation and reconfirmed that the US debt ceiling will not be lifted without addressing the long term spending and budget cuts.Read More
Asian markets closed lower on the final trading of the week. Rising political uncertainties in the US as we approach the fourth day of the government shutdown has made investors more jittery about the markets and no one certainly wants to take excessive risk over the weekend. The circumstances are becoming more worrying as we approach towards the US debt ceiling and President Barack Obama’s comment in which he addressed that Wall Street should be more concerned about this government shutdown has sent the alarm bells ringing.Read More