S&P
83,258 views
40 Posts
Hot
Latest
#S&P is
The S&P 500 has successfully broken out of its ascending triangle pattern and completed a retest, gaining upward momentum
The Ichimoku Cloud is providing strong support, signaling sustained bullish movement ahead
Given the S&P 500's correlation with trends in the crypto market, this price action should be closely monitored for potential signals that could influence broader market dynamics
This could set the stage for significant opportunities across various asset classes
#CryptoAMA #BinanceBlockchainWeek #BTCBreak71K #USJobOpeningsDip
The S&P 500 has successfully broken out of its ascending triangle pattern and completed a retest, gaining upward momentum
The Ichimoku Cloud is providing strong support, signaling sustained bullish movement ahead
Given the S&P 500's correlation with trends in the crypto market, this price action should be closely monitored for potential signals that could influence broader market dynamics
This could set the stage for significant opportunities across various asset classes
#CryptoAMA #BinanceBlockchainWeek #BTCBreak71K #USJobOpeningsDip
#FOR looking ready to breakout accumulation phase
Forming double bottom on higher timeframe 🚀✌️
Buy it for big gains in short term😊
#S&P 500 ANALYSIS
The S&P 500 pumped following the breakout of the trendline and the Ichimoku cloud. Currently, it is confronting horizontal resistance. The RSI is trending towards the overbought region.
A definitive breakout of the horizontal resistance would serve as confirmation of bullish momentum. Conversely, if faced with rejection, a retest of the Ichimoku cloud is likely. It's important to note that the S&P 500 often exhibits a correlation with the crypto market.
Forming double bottom on higher timeframe 🚀✌️
Buy it for big gains in short term😊
#S&P 500 ANALYSIS
The S&P 500 pumped following the breakout of the trendline and the Ichimoku cloud. Currently, it is confronting horizontal resistance. The RSI is trending towards the overbought region.
A definitive breakout of the horizontal resistance would serve as confirmation of bullish momentum. Conversely, if faced with rejection, a retest of the Ichimoku cloud is likely. It's important to note that the S&P 500 often exhibits a correlation with the crypto market.
#S&P 500 ANALYSIS
The S&P 500 pumped following the breakout of the ascending triangle. Currently, it is undergoing some corrections to retest the triangle. The Ichimoku cloud indicates a bullish trend.
A continuation of the bullish move is a possible scenario, while a retest could present good buying opportunities.
#DYOR
The S&P 500 pumped following the breakout of the ascending triangle. Currently, it is undergoing some corrections to retest the triangle. The Ichimoku cloud indicates a bullish trend.
A continuation of the bullish move is a possible scenario, while a retest could present good buying opportunities.
#DYOR
Is a Tech Recession Looming After Alphabet's $180 Billion Wipeout? 😰
On October 25, the tech industry experienced a significant #downturn , with Google's parent company, Alphabet, leading the decline, dropping by 9.5%, resulting in a $180 billion loss in market value.
This was the worst day for Google's stock since the COVID-19 pandemic in 2020. The overall tech sector, often referred to as the "magnificent seven," which includes Apple, Microsoft, Meta, Amazon, Alphabet, Nvidia, and Tesla, collectively makes up a quarter of the S&P 500 index.
Amazon, Nvidia, and Meta saw their share prices fall by 5.5%, 4.3%, and 4.2% respectively. Apple and Tesla had more modest decreases at 1.35% and 1.9%, while Microsoft was the exception, with its stock price rising by 3.1% due to strong performance in its Azure business. This broad tech selloff led to a five-month low for the #S&P 500, fueling concerns of a tech recession. Google search trends reflected a 233% increase in searches for "stock market crash."
In contrast, the cryptocurrency market showed resilience, with optimism surrounding potential Bitcoin exchange-traded fund (ETF) approvals in the United States. The cryptocurrency market's total #capitalization increased by 16.3% to reach $1.3 trillion over the past week. Notably, Bitcoin, Ether, BNB, and XRP recorded gains of 23.3%, 16.7%, 8%, and 15.2%, respectively, in the same seven-day period.
#Binance
#crypto2023
On October 25, the tech industry experienced a significant #downturn , with Google's parent company, Alphabet, leading the decline, dropping by 9.5%, resulting in a $180 billion loss in market value.
This was the worst day for Google's stock since the COVID-19 pandemic in 2020. The overall tech sector, often referred to as the "magnificent seven," which includes Apple, Microsoft, Meta, Amazon, Alphabet, Nvidia, and Tesla, collectively makes up a quarter of the S&P 500 index.
Amazon, Nvidia, and Meta saw their share prices fall by 5.5%, 4.3%, and 4.2% respectively. Apple and Tesla had more modest decreases at 1.35% and 1.9%, while Microsoft was the exception, with its stock price rising by 3.1% due to strong performance in its Azure business. This broad tech selloff led to a five-month low for the #S&P 500, fueling concerns of a tech recession. Google search trends reflected a 233% increase in searches for "stock market crash."
In contrast, the cryptocurrency market showed resilience, with optimism surrounding potential Bitcoin exchange-traded fund (ETF) approvals in the United States. The cryptocurrency market's total #capitalization increased by 16.3% to reach $1.3 trillion over the past week. Notably, Bitcoin, Ether, BNB, and XRP recorded gains of 23.3%, 16.7%, 8%, and 15.2%, respectively, in the same seven-day period.
#Binance
#crypto2023
🇺🇸 Current situation:
1. The #S&P 500 can't decide if the top is in or not
2. Tech stocks are falling like the bull market is over
3. $VIX is near its lows like the bull market just started
4. The Nasdaq is down 600 points in 10 days like Nvidia already missed earnings expectations
5. Bond markets are down like we are in risk-on mode
Welcome to a market controlled by Nvidia.
Share with your friends
1. The #S&P 500 can't decide if the top is in or not
2. Tech stocks are falling like the bull market is over
3. $VIX is near its lows like the bull market just started
4. The Nasdaq is down 600 points in 10 days like Nvidia already missed earnings expectations
5. Bond markets are down like we are in risk-on mode
Welcome to a market controlled by Nvidia.
Share with your friends
📦S&P 500 ANALYSIS
The S&P 500 is gaining momentum again after testing the MA 21 support. The Ichimoku cloud indicates a bullish trend, suggesting a continuation of the upward movement from here.
In the event of a retracement, it is likely to retest the horizontal support of the triangle. It's important to note that it tends to correlate with the movements of the crypto market.
#S&P
#altcoins
#fomc
The S&P 500 is gaining momentum again after testing the MA 21 support. The Ichimoku cloud indicates a bullish trend, suggesting a continuation of the upward movement from here.
In the event of a retracement, it is likely to retest the horizontal support of the triangle. It's important to note that it tends to correlate with the movements of the crypto market.
#S&P
#altcoins
#fomc
S&P Raises Turkey's Credit Rating. 🇹🇷⚡
In a significant move, Standard & Poor's (S&P) has upgraded Turkey's credit rating from "B" to "B+", marking a notable milestone in the country's economic journey. This upgrade is not merely a numerical adjustment but a testament to Turkey's resilience in overcoming economic challenges and implementing robust fiscal and monetary policies.
Timothy Ash, Senior Strategist at Bluebay Asset Management, hailed Turkey's progress, highlighting the nation's ability to navigate through turbulent economic waters. Analysts anticipate further upgrades from other credit rating agencies, with Moody's potentially considering a one-notch raise, given the positive trajectory.
The importance of sustainable economic policies cannot be overstated, as emphasized by Prof. Dr. Erhan Aslanoğlu from Istanbul Topkapı University. He underscores the need for consensus on income policies and price adjustments to address inflationary pressures effectively.
S&P's assessment underscores the importance of consistent and well-executed economic strategies for future upgrades. Moody's shift from a "stable" to a "positive" outlook in January and Fitch Ratings' recent upgrade further solidify Turkey's economic prospects.
The upgrade in Turkey's credit rating is more than just a symbolic gesture; it reflects the collective efforts of policymakers and economic stakeholders in steering the country towards a path of sustainable growth and stability. As Turkey continues to implement prudent economic policies, investors and analysts alike are optimistic about the nation's economic trajectory in the years to come.
#S&P #Turkey #türkiye #economy #Standard&Poor's
In a significant move, Standard & Poor's (S&P) has upgraded Turkey's credit rating from "B" to "B+", marking a notable milestone in the country's economic journey. This upgrade is not merely a numerical adjustment but a testament to Turkey's resilience in overcoming economic challenges and implementing robust fiscal and monetary policies.
Timothy Ash, Senior Strategist at Bluebay Asset Management, hailed Turkey's progress, highlighting the nation's ability to navigate through turbulent economic waters. Analysts anticipate further upgrades from other credit rating agencies, with Moody's potentially considering a one-notch raise, given the positive trajectory.
The importance of sustainable economic policies cannot be overstated, as emphasized by Prof. Dr. Erhan Aslanoğlu from Istanbul Topkapı University. He underscores the need for consensus on income policies and price adjustments to address inflationary pressures effectively.
S&P's assessment underscores the importance of consistent and well-executed economic strategies for future upgrades. Moody's shift from a "stable" to a "positive" outlook in January and Fitch Ratings' recent upgrade further solidify Turkey's economic prospects.
The upgrade in Turkey's credit rating is more than just a symbolic gesture; it reflects the collective efforts of policymakers and economic stakeholders in steering the country towards a path of sustainable growth and stability. As Turkey continues to implement prudent economic policies, investors and analysts alike are optimistic about the nation's economic trajectory in the years to come.
#S&P #Turkey #türkiye #economy #Standard&Poor's
#S&P 500 Analysis
The S&P 500 is showing great momentum after breaking out of the rising wedge and the horizontal resistance, which will now act as support. We can expect the continuation of the bullish move.
In case of a correction, a retest of the horizontal support is also expected. We have to note that the crypto market mostly works directly in proportion to the S&P 500.
#Write2Earn
The S&P 500 is showing great momentum after breaking out of the rising wedge and the horizontal resistance, which will now act as support. We can expect the continuation of the bullish move.
In case of a correction, a retest of the horizontal support is also expected. We have to note that the crypto market mostly works directly in proportion to the S&P 500.
#Write2Earn
Turkey's Credit Rating Outlook Gets a Boost: Minister Şimşek's Response. 🇹🇷💰
In a recent development, Standard & Poor's (S&P) raised Turkey's credit rating outlook from "stable" to "positive." Minister of Treasury and Finance Mehmet Şimşek expressed confidence in the government's Medium Term Program, stating that the implemented measures are yielding positive responses.
S&P confirmed Turkey's credit rating as "B" and highlighted policy adjustments in response to recent economic challenges. The Central Bank of the Republic of Turkey (CBRT) was noted for rebuilding its foreign exchange reserves, while interest rate hikes since June contributed to a reduction in twin deficits.
The statement also projected a lower-than-targeted 2023 budget deficit and a narrowing current account deficit due to a substantial decrease in imports. Additionally, if the balance of payments improves, foreign exchange reserves increase, and dollarization decreases in the next year, there is potential for a one-level credit score upgrade.
Minister Şimşek, in a social media statement, emphasized that the government would persist in implementing the Medium Term Program with patience and determination. The goals include achieving price stability, a permanent decrease in the current account deficit, fiscal discipline, and reserve accumulation to propel the country toward sustainable high growth.
As Turkey navigates economic challenges, this positive outlook from S&P reflects ongoing efforts to address issues and instill confidence in the nation's economic trajectory.
#Standard&Poor's #S&P #Turkey #CBRT
In a recent development, Standard & Poor's (S&P) raised Turkey's credit rating outlook from "stable" to "positive." Minister of Treasury and Finance Mehmet Şimşek expressed confidence in the government's Medium Term Program, stating that the implemented measures are yielding positive responses.
S&P confirmed Turkey's credit rating as "B" and highlighted policy adjustments in response to recent economic challenges. The Central Bank of the Republic of Turkey (CBRT) was noted for rebuilding its foreign exchange reserves, while interest rate hikes since June contributed to a reduction in twin deficits.
The statement also projected a lower-than-targeted 2023 budget deficit and a narrowing current account deficit due to a substantial decrease in imports. Additionally, if the balance of payments improves, foreign exchange reserves increase, and dollarization decreases in the next year, there is potential for a one-level credit score upgrade.
Minister Şimşek, in a social media statement, emphasized that the government would persist in implementing the Medium Term Program with patience and determination. The goals include achieving price stability, a permanent decrease in the current account deficit, fiscal discipline, and reserve accumulation to propel the country toward sustainable high growth.
As Turkey navigates economic challenges, this positive outlook from S&P reflects ongoing efforts to address issues and instill confidence in the nation's economic trajectory.
#Standard&Poor's #S&P #Turkey #CBRT
#S&P
INDEX ANALYSIS
The index has broken out of its ascending triangle pattern and is now trading above it, with the Ichimoku Cloud providing solid support, suggesting continued bullish momentum.
A potential retest above the pattern could occur soon. It’s worth noting that the index's movements often correlate with trends in the crypto market. Monitor this closely for potential market signals.
#BinanceLaunchpoolHMSTR #BTCReboundsAfterFOMC #moonbix #CATIonBinance
INDEX ANALYSIS
The index has broken out of its ascending triangle pattern and is now trading above it, with the Ichimoku Cloud providing solid support, suggesting continued bullish momentum.
A potential retest above the pattern could occur soon. It’s worth noting that the index's movements often correlate with trends in the crypto market. Monitor this closely for potential market signals.
#BinanceLaunchpoolHMSTR #BTCReboundsAfterFOMC #moonbix #CATIonBinance
#S&P 500 ANALYSIS
The S&P 500 has continued its bullish momentum following the channel and horizontal resistance breakout. With increasing bullish volume and consecutive bullish candle closes, the index is displaying strong momentum.
This suggests a likelihood of further bullish movement. Additionally, this trend bodes well for the crypto market, as it typically exhibits a direct correlation with stock market performance.
#TrendingTopic #Write2Earn
The S&P 500 has continued its bullish momentum following the channel and horizontal resistance breakout. With increasing bullish volume and consecutive bullish candle closes, the index is displaying strong momentum.
This suggests a likelihood of further bullish movement. Additionally, this trend bodes well for the crypto market, as it typically exhibits a direct correlation with stock market performance.
#TrendingTopic #Write2Earn
Global liquidity is on the rise once again, and it seems that no asset correlates more closely with fluctuations in global liquidity than Bitcoin.
With interest rates dropping and quantitative easing back in play, global liquidity (M2) is increasing. Historically, the crypto market, particularly Bitcoin, has shown a strong sensitivity to changes in liquidity. The last bull run coincided with the U.S. distributing "helicopter money" and a significant surge in liquidity to mitigate the impacts of the COVID-19 crisis.
Recent research has highlighted that Bitcoin exhibits the highest correlation with changes in global liquidity, often referred to as directional alignment. This suggests that if the current trend of increasing liquidity continues, we can expect positive effects on Bitcoin and the broader crypto market.
What are your thoughts on this potential impact?
#BTC #Globalliquidity #China #S&P
With interest rates dropping and quantitative easing back in play, global liquidity (M2) is increasing. Historically, the crypto market, particularly Bitcoin, has shown a strong sensitivity to changes in liquidity. The last bull run coincided with the U.S. distributing "helicopter money" and a significant surge in liquidity to mitigate the impacts of the COVID-19 crisis.
Recent research has highlighted that Bitcoin exhibits the highest correlation with changes in global liquidity, often referred to as directional alignment. This suggests that if the current trend of increasing liquidity continues, we can expect positive effects on Bitcoin and the broader crypto market.
What are your thoughts on this potential impact?
#BTC #Globalliquidity #China #S&P
#S&P
The S&P 500 has broken out of its ascending triangle pattern and successfully retested the breakout, gaining strong upward momentum. The Ichimoku Cloud is providing solid support, signaling continued bullish strength.Given the S&P 500’s
correlation with broader market trends, including the crypto market, this price action should be closely watched for potential signals that could impact market sentiment and direction across other asset classes.
The S&P 500 has broken out of its ascending triangle pattern and successfully retested the breakout, gaining strong upward momentum. The Ichimoku Cloud is providing solid support, signaling continued bullish strength.Given the S&P 500’s
correlation with broader market trends, including the crypto market, this price action should be closely watched for potential signals that could impact market sentiment and direction across other asset classes.
#S&P 500 ANALYSIS
The S&P 500 has successfully broken out of its ascending triangle pattern and completed a retest, gaining upward momentum. The Ichimoku Cloud is offering strong support, indicating sustained bullish movement.
Considering the S&P 500’s correlation with trends in the crypto market, this price action should be monitored closely for potential signals that could influence broader market dynamics.
$BTC #WeAllAreSatoshi #Write2Earn
The S&P 500 has successfully broken out of its ascending triangle pattern and completed a retest, gaining upward momentum. The Ichimoku Cloud is offering strong support, indicating sustained bullish movement.
Considering the S&P 500’s correlation with trends in the crypto market, this price action should be monitored closely for potential signals that could influence broader market dynamics.
$BTC #WeAllAreSatoshi #Write2Earn
👉👉👉 #S&P Global joins Singapore's Project Guardian tokenization trials
S&P Global Ratings has joined the Monetary Authority of Singapore's (MAS) ambitious Project Guardian, which focuses on exploring asset tokenization's potential to enhance financial market liquidity and efficiency.
Project Guardian, initiated by MAS in May 2022, aims to establish standards and policy guidelines while fostering a commercially viable digital asset ecosystem. S&P Global will actively participate in fixed-income pilot projects within this framework. Andrew O'Neill, S&P #digitalassets analytical lead, emphasized their role in contributing risk perspectives to ensure robust risk mitigation in applying this technology across financial markets.
The project's current initiatives include conducting foreign exchange and bond transactions leveraging liquidity pools of tokenized assets, such as bonds and currencies. It also involves exploring repurchase agreements using digital bonds, developing frameworks for listing debt securities, and launching initial token offerings for digital tokens on the Singapore Exchange.
Project Guardian, initially involving JP Morgan, DBS Bank, and SGX Venture Marketnodes, now includes S&P Global as its 24th member. It comprises a diverse group of large banks, asset managers, and policymakers from the UK, Japan, Singapore, Switzerland, France, and the International Monetary Fund, alongside international associations.
A notable achievement of Project Guardian includes JP Morgan's execution of a live cross-border transaction in November 2022 using tokenized Singapore dollars and Japanese yen on the Polygon blockchain. This marked a significant milestone as the first major bank to conduct a decentralized finance trade on a public blockchain.
Emerging from the project is the deposit token, a #stablecoin supported by regulated intermediaries, praised for stability & its potential to integrate central bank digital currencies into banking systems, backed by the Swiss Bankers Association & JP Morgan.
Source - cointelegraph.com
#CryptoNewsCommunity
S&P Global Ratings has joined the Monetary Authority of Singapore's (MAS) ambitious Project Guardian, which focuses on exploring asset tokenization's potential to enhance financial market liquidity and efficiency.
Project Guardian, initiated by MAS in May 2022, aims to establish standards and policy guidelines while fostering a commercially viable digital asset ecosystem. S&P Global will actively participate in fixed-income pilot projects within this framework. Andrew O'Neill, S&P #digitalassets analytical lead, emphasized their role in contributing risk perspectives to ensure robust risk mitigation in applying this technology across financial markets.
The project's current initiatives include conducting foreign exchange and bond transactions leveraging liquidity pools of tokenized assets, such as bonds and currencies. It also involves exploring repurchase agreements using digital bonds, developing frameworks for listing debt securities, and launching initial token offerings for digital tokens on the Singapore Exchange.
Project Guardian, initially involving JP Morgan, DBS Bank, and SGX Venture Marketnodes, now includes S&P Global as its 24th member. It comprises a diverse group of large banks, asset managers, and policymakers from the UK, Japan, Singapore, Switzerland, France, and the International Monetary Fund, alongside international associations.
A notable achievement of Project Guardian includes JP Morgan's execution of a live cross-border transaction in November 2022 using tokenized Singapore dollars and Japanese yen on the Polygon blockchain. This marked a significant milestone as the first major bank to conduct a decentralized finance trade on a public blockchain.
Emerging from the project is the deposit token, a #stablecoin supported by regulated intermediaries, praised for stability & its potential to integrate central bank digital currencies into banking systems, backed by the Swiss Bankers Association & JP Morgan.
Source - cointelegraph.com
#CryptoNewsCommunity
📆Economic Calendar: This Week's Financial Highlights
1. Monday - 📊 S&P Global Services PMI: This could set the tone for market sentiment. A strong PMI might boost investor confidence, potentially driving crypto prices up due to increased risk appetite.
2. Tuesday - 🛍️ CB Consumer Confidence: High consumer confidence might signal more spending, possibly leading to a bullish crypto market as investors seek higher returns.
3. Wednesday - 🏠 August New Home Sales: If sales are robust, it might indicate economic health, which could spill over into crypto, attracting more investors looking for gains.
4. Thursday - 🚚 Durable Goods Orders & 📈 Q2 2024 Final GDP Reading: Strong orders and GDP growth could mean more liquidity in the market, potentially inflating crypto bubbles. Watch for reactions!
5. Friday - 📉 August PCE Inflation Data: This is crucial. Lower inflation might ease fears of rate hikes, potentially leading to a crypto market rally as money flows into riskier assets.
🔍 What to Watch For:
- Volatility: Expect price swings as these indicators can sway investor sentiment rapidly.
- Liquidity: Positive data might pull money from traditional markets into crypto, especially if inflation seems under control.
📈💰$BTC #CPI_BTC_Watch #PMI #S&P
1. Monday - 📊 S&P Global Services PMI: This could set the tone for market sentiment. A strong PMI might boost investor confidence, potentially driving crypto prices up due to increased risk appetite.
2. Tuesday - 🛍️ CB Consumer Confidence: High consumer confidence might signal more spending, possibly leading to a bullish crypto market as investors seek higher returns.
3. Wednesday - 🏠 August New Home Sales: If sales are robust, it might indicate economic health, which could spill over into crypto, attracting more investors looking for gains.
4. Thursday - 🚚 Durable Goods Orders & 📈 Q2 2024 Final GDP Reading: Strong orders and GDP growth could mean more liquidity in the market, potentially inflating crypto bubbles. Watch for reactions!
5. Friday - 📉 August PCE Inflation Data: This is crucial. Lower inflation might ease fears of rate hikes, potentially leading to a crypto market rally as money flows into riskier assets.
🔍 What to Watch For:
- Volatility: Expect price swings as these indicators can sway investor sentiment rapidly.
- Liquidity: Positive data might pull money from traditional markets into crypto, especially if inflation seems under control.
📈💰$BTC #CPI_BTC_Watch #PMI #S&P
🚨 #BreakingNews
According to the S&P report, the Dollar / TL target by the end of 2024 has been reduced from 40₺ to 31.88₺!
#DollarTL #TurkishLira #S&P #türkiye
According to the S&P report, the Dollar / TL target by the end of 2024 has been reduced from 40₺ to 31.88₺!
#DollarTL #TurkishLira #S&P #türkiye
📊 Bitcoin’s Correlation with US Stock Markets Hits 2-Year High! 📈
Bitcoin’s correlation with the US stock markets has reached a 2-year high, raising questions about what this could mean for the future of BTC. 🔍 For the past few months, we’ve seen Bitcoin moving more in tandem with traditional stocks like the S&P 500 and Nasdaq. But what does this mean for crypto investors? 🤔
🔗 Key insights:
A higher correlation means that Bitcoin’s price movements are becoming more intertwined with stock market trends. 📉📊This could lead to increased volatility for Bitcoin as it's more exposed to global economic factors, such as interest rate hikes and inflation data. 📉On the flip side, if stocks rally, BTC might just follow suit, providing a potential boost for crypto bulls. 🚀
💼 What should investors do? Keep a close watch on the stock markets and key economic indicators like inflation reports. Bitcoin’s performance could very well mirror the movements in traditional markets for the foreseeable future.
#BTC #USSTOCK #S&P
Bitcoin’s correlation with the US stock markets has reached a 2-year high, raising questions about what this could mean for the future of BTC. 🔍 For the past few months, we’ve seen Bitcoin moving more in tandem with traditional stocks like the S&P 500 and Nasdaq. But what does this mean for crypto investors? 🤔
🔗 Key insights:
A higher correlation means that Bitcoin’s price movements are becoming more intertwined with stock market trends. 📉📊This could lead to increased volatility for Bitcoin as it's more exposed to global economic factors, such as interest rate hikes and inflation data. 📉On the flip side, if stocks rally, BTC might just follow suit, providing a potential boost for crypto bulls. 🚀
💼 What should investors do? Keep a close watch on the stock markets and key economic indicators like inflation reports. Bitcoin’s performance could very well mirror the movements in traditional markets for the foreseeable future.
#BTC #USSTOCK #S&P
S&P Global Affirms China's Credit Rating Amidst Moody's Negative Outlook. 🇨🇳📌
In a recent statement, S&P Global Ratings addressed the stability of China's credit rating and outlook following Moody's decision to downgrade the country's credit rating outlook to "negative."
- Contrary to Moody's recent move, S&P Global has maintained the status quo for China's credit rating.
- S&P confirmed its A+ long-term rating for China in June with a stable outlook, and there have been no changes since then.
- The current assessment by S&P Global reflects a 'stable' outlook for the creditworthiness of the Chinese government.
It's worth noting that the global financial landscape remains dynamic, and credit rating agencies play a crucial role in assessing and communicating the economic health of nations. Investors and policymakers often closely monitor such developments to make informed decisions in the financial markets.
#China #S&P #Standard&Poor's #Moody's
In a recent statement, S&P Global Ratings addressed the stability of China's credit rating and outlook following Moody's decision to downgrade the country's credit rating outlook to "negative."
- Contrary to Moody's recent move, S&P Global has maintained the status quo for China's credit rating.
- S&P confirmed its A+ long-term rating for China in June with a stable outlook, and there have been no changes since then.
- The current assessment by S&P Global reflects a 'stable' outlook for the creditworthiness of the Chinese government.
It's worth noting that the global financial landscape remains dynamic, and credit rating agencies play a crucial role in assessing and communicating the economic health of nations. Investors and policymakers often closely monitor such developments to make informed decisions in the financial markets.
#China #S&P #Standard&Poor's #Moody's
