Fed minutes fallout, Walmart on deck - what's moving markets
), the world's biggest retailer has been a beneficiary of a recent pullback in consumer spending on nonessential items.-hit shoppers and supported demand for more profitable products. Food inflation, which the company had flagged earlier this year as a potential drag on second-half performance, has also shown signs of easing.
Speaking to Bloomberg TV on Wednesday, Fitch's James McCormack said that it may"think again" about the rating if China's government introduces more stimulus measures, adding that the country's debt-to-GDP ratio is a"little bit on the high side for a single 'A' credit." It is not the first time Fitch has rattled financial markets in August. This month, Fitch downgraded the U.S. long-term credit rating to AA+ from AAA and warned that it may slash its ratings on dozens of American banks.Oil prices were choppy on Thursday amid a bigger-than-expected draw in U.S. crude inventories and lingering concerns over China's economic status.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks sink as Fed fears batter tech, China concerns grow By Investing.comAsian stocks sink as Fed fears batter tech, China concerns grow
Read more »
EUR/USD dips below 1.0900 as Fed’s minutes show split views amongst Fed officialsEUR/USD dropped below 1.0900 for the second straight day, as the latest Federal Reserve (Fed) monetary policy minutes began to show policymakers are s
Read more »
Q2 13Fs: Hedge Funds Buy Up AI Hype While Burry Goes Full Bear; Buffett RebalancesStocks Analysis by Investing.com (Thomas Monteiro) covering: S&P 500, General Motors Company, Chevron Corp, Bank of America Corp. Read Investing.com (Thomas Monteiro)'s latest article on Investing.com
Read more »
How to Build a Social Trading Portfolio with ZuluTrade By Investing.com StudiosHow to Build a Social Trading Portfolio with ZuluTrade
Read more »
Stock Market Today: Dow lower as Treasury yields rise after retail sales surprise By Investing.comStock Market Today: Dow lower as Treasury yields rise after retail sales surprise
Read more »
Investing.com Starts Broadcasting Latest Bitcoin (BTC), Ethereum (ETH) News from U.TodayU.Today is almost only cryptocurrency website to be broadcasted by Investing.com heavyweight
Read more »