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BBCNEWS Asia July 4, 2024

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
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BBCNEWS Asia Business Report June 4, 2024 23:37:00

Been hovering around 4%, therefore offsetting the nominal wage growth. in this dampens of course consumer s appetite to spend more. so dampens of course consumer s appetite to spend more. 50 it appetite to spend more. so it needs to happen appetite to spend more. so it needs to happen here? - appetite to spend more. so it needs to happen here? because japanese companies are exactly used two racing salaries, will they raise salaries further or will the government do something to try and prop up the consumer sentiment? we are seeinu a the consumer sentiment? we are seeing a little the consumer sentiment? we are seeing a little bit the consumer sentiment? we are seeing a little bit of the consumer sentiment? we are seeing a little bit of a the consumer sentiment? we are seeing a little bit of a sea - seeing a little bit of a sea change in mortality injapan, so what s pushing for the wage increases the cost increase, and also the labour shortage. 0ver and also the labour shortage ....

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