Yesterday, August 3rd, key Indices went into a downturn following Fitch’s downgrading of the United States’ credit rating.
From the US to the Eurozone and China to Japan, the week just before the end of June 2023 holds significant events for the markets. Read more about this week ahead in this article.
Last week's hopes of a US debt ceiling agreement boosted some Asian stocks, but this week's renewed default fears are dominating and causing some Asian stocks to trade lower.
China's manufacturing activity saw its best performance in 11 years, sparking a rise in Asian stocks and commodities. The data showed that the world's second-largest economy is seeing a solid rebound following the lifting covid restrictions.
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