30 May 2023
US stock markets are closed due to Memorial Day holiday, as well as the UK; causing Asian and Indonesian markets to move without guidance from regional markets today. Few clues from the US debt ceiling crisis that has touched USD 31.4trillion; it still seems to have a long way to go in order to get Parliamentary approval (especially from the Republicans).
29 May 2023
Optimism and relief are expected to be the dominant sentiments for investors on Monday, as Washington reaches a tentative agreement on the US debt ceiling, removing the risk of a default that could potentially rock the global financial world.
26 May 2023
US President Joe Biden and Republican lawmaker Kevin McCarthy on Thursday were edging close to a deal to raise the US debt ceiling to avoid an immediate default on June 1, with the parties just USD 70 billion apart on discretionary spending.
25 May 2023
Market sentiment turned gloomy, as the US debt ceiling talks reached another stalemate, which stoked worries about a potential US default for the first time in four decades, right on June 1 as its deadline.
24 May 2023
Wall Street stocks closed in the red on Tuesday (23/05/23); short-term US Treasury yields soared on the back of deadlocked talks over the US debt ceiling.The lack of progress comes just days ahead of June 1, as feared by US Treasury Secretary Janet Yellen, although both US President Joe Biden and Republican McCarthy have touted optimism about reaching a deal soon to avoid a default.