
What's moving markets on April 22? Read the report to know!
China's vigorous attempts to tame risks from its fast buildup in debt aren’t working as rapidly as expected and credit surge is still excessively fast, as S&P Global Ratings told on Friday, just a day after it dared to have the Asian country's sovereign credit rating downgraded.
While S&P informed months ago that a downgrade might be on the cards, the organization told it made up its mind to make the call having concluded that China's "de-risking" drive, which broke out early this year impacted credit surge less than initially expected.
Notwithstanding the Chinese authorities have demonstrated greater resolve to implement the deleveraging policy, S%P keeps observing overall credit in the corporate sector to stick to 9%, as an S&P senior director of sovereign ratings, Kim Eng Tan revealed in a conference call to explain the one-notch downgrade to from AA- to A+.
Tan added that broader lending by all banks, excluding equity fund-raising, has started soaring having surged by a relatively firm 12-13% for the last few years.
What's moving markets on April 22? Read the report to know!
Read the daily report to get the full market wrap!
The European Central Bank is holding a meeting on April 22 at 14:45 MT time. What to watch?
Check our story about the stocks that have the potential to go either up or down big time! In this article, we'll tell you about Nvidia, Apple, Philip Morris, and Coinbase.
Once in a month, the euro has a very special day of increased volatility at the start of the European trading session.
The relationship between the US and Turkey is not going well. Neither do things for the Turkish lira.
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