Daily Market Update

World Debt Downgrade Warning – Moody’s

Source: Moody’s

◆ A World Debt Downgrade Warning (WDDW) has been issued by credit rating agency Moody’s due to deepening global geopolitical uncertainty and risks

◆ Moody’s has issued a debt downgrade warning to the entire world on fears that severe political turmoil from London to Hong Kong poses a threat to the global economy (see News below)

◆ Moody’s have a bleak outlook for government debt amid political instability in a report published just this Monday

◆ Moody’s said political and geopolitical turbulence is exacerbating a slowdown in national and global GDP growth, aggravating structural ‘bottlenecks’ centred on massive banking and sovereign debt and increasing the risk of economic or financial shocks

◆ Moody’s identified the emergence of influential “populist” movements and suggested this is undermining the effectiveness of domestic policy, weakening institutional strength and compounding social and governance risks

◆ “Overall, the global environment is becoming less predictable for the 142 sovereigns we rate, encompassing $63.2 trillion in debt outstanding,” according to the report

Watch Podcast Here



NEWS and COMMENTARY

Moody’s issues debt downgrade warning to the entire world

Moody’s offers bleak outlook for government debt amid political instability

Moody’s has negative outlook for sovereigns

Gold firms as doubts over U.S.-China trade deal curb risk appetite

China likely to ‘intervene’ in Hong Kong’s affairs more following the protests (BAML)

Trump says China trade deal ‘close’ but dashes hopes for signing details

Global trade is likely contracting and we’re now ‘betting’ on a US-China deal, OECD chief says

China’s gold-backed crypto looming as ‘Pearl Harbor type event’ for US dollar in 2020 – Keiser Report


GOLD PRICES (LBMA – USD, GBP & EUR – AM/ PM Fix)

12-Nov-19 1455.00 1452.05, 1134.03, 1130.42 & 1319.69 1318.17
11-Nov-19 1465.50 1458.70, 1144.41 1132.39 & 1328.33 1321.87
08-Nov-19 1466.85 1464.15, 1144.58 1142.62 & 1328.09 1328.13
07-Nov-19 1484.10 1484.25, 1153.44 1156.82 & 1339.40 1341.76
06-Nov-19 1488.55 1486.05, 1155.26 1154.51 & 1342.23 1341.31
05-Nov-19 1504.60 1488.95, 1166.37 1156.17 & 1352.18 1344.67
04-Nov-19 1509.20 1509.45, 1168.57 1169.52 & 1352.39 1353.98
01-Nov-19 1509.85 1508.80, 1165.76 1164.49 & 1354.79 1351.28
31-Oct-19 1506.40 1510.95, 1163.09 1168.57 & 1348.53 1356.53


SIGN UP FOR OUR AWARD WINNING MARKET UPDATES HERE


Mark O'Byrne
Executive Director

Read more...
Newsletter
Category
Archives
Popular

Global Economic Growth To Half Due To Coronavirus; Ultra Loose Monetary and Fiscal Policies To Devalue Currencies

The coronavirus is now present on every continent except Antarctic. Source: Johns Hopkins CSSE ◆ The coronavirus may plunge the global economy into the worst downturn and crisis since 2009, the OECD has warned as the virus is now present[...]

READ MORE

Gold Surges 3% After U.S. Fed’s First Emergency Rate Cut Since 2008

◆ Gold surged 3% yesterday and has consolidated on those gains today; it was gold's largest daily gain since June 2016 as the Fed delivered a surprise emergency rate cut, the first since the 2008 crisis ◆ Gold has gained[...]

READ MORE