Shares in Goldman Sachs fell 2 . The catalyst was moodys, downgrading the Credit Rating on several small and medium sized us banks, including mnt bank and pinnacle financial. The red flags raised by the Ratings Agency included a potential recession, as well as problems tied to the commercial real estate sector. As one analyst put it, any doubts about regional banking is bad for market sentiment. That wasnt helped by data from new york federal reserve, which showed that for the first time, americans owed more than 1 trillion on their credit cards. Traders have also been focused on corporate results, which so far have been better than expected. That was true for lyft, which reported results after the us market closed. Uber s small arrival is forecasting higher revenue in the Third Quarter based in part on a post pandemic rebound in ridesharing. Meanwhile, Electric Vehicle maker rivium posted a narrower lost than expeted and raised its Production Guidance for the full year. Meanwhile, Nin
asian markets open lower this morning after wall street closes in the red following a credit downgrade on some us banks. angina is about to release its latest inflation data and there are concerns the economy could enter a deflationary cycle. hi there, welcome to asia business report with me, mariko oi. we start this morning on wall street, where all three main indices have closed in the red on tuesday and we are seeing asian markets following their lead as well. the sell off was basically sparked by the downgrading of several american banks by credit ratings agency moody s. the move has reignited fears about american banks and the economy. from new york, michelle fleury has more.
asian markets open lower this morning after wall street closes in the red following a credit downgrade on some us banks. angina is about to release its latest inflation data and there are concerns the economy could enter a deflationary cycle. hi there, welcome to asia business report with me, mariko 0i. we start this morning on wall street, where all three main indices have closed in the red on tuesday and we are seeing asian markets following their lead as well. the sell off was basically sparked by the downgrading of several american banks by credit ratings agency moody s. the move has reignited fears about american banks and the economy. from new york, michelle fleury has more.
wall street closes in the red after a credit downgrade on some banks spooks investors. china gives up to release its latest inflation figures and there are concerns the economy could enter a deflationary cycle. hi there, welcome to asia business report with me, mariko 0i. we start this morning on wall street, where all three main indices have closed in the red on tuesday. the sell off was basically sparked by the downgrading of several us banks by credit ratings agency moody s. the move has reignited fears about american banks and the country s economy. from new york, salisbury has more. also it was then read on tuesday, bank stocks leading the way. shares in goldman sachs fell
wall street closes in the red, after a credit downgrade on some banks spooks investors. china gears up to release its latest inflation figures and there are concerns the economy could enter a deflationary cycle. hello, and welcome to asia business report. i m mariko oi. we start this morning on wall street where all three major indices have closed in the red on tuesday. all down by just over all down byjust over .5%. the sell off was sparked by the downgrading of several us banks by credit ratings agency moody s. the move has reignited fears about american banks and the economy. from new york, michelle fleury with more. wall street was seeing red on tuesday, bank stocks leading the way.