Global Markets Show Little Reaction To Moody's Surprise China Sovereign Debt Downgrade
May 24, 2017 at 07:40 AM EDT
(Kitco News) - World stock markets were narrowly mixed in overnight trading. U.S. stock indexes are pointed toward near-steady openings when the New York day session begins. In overnight news, Moody's credit rating service lowered its sovereign credit rating for China for the first time in about 30 years, citing China's rising debt and slowing rate of economic growth. Gold prices are modestly weaker again in pre-U.S. trading Wednesday, amid a lack of fresh, bullish fundamental news To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Global Markets Show Little Reaction To Moody's Surprise China Sovereign Debt Downgrade appeared first on Money Morning - We Make Investing Profitable .