Debt Ceiling

This PMS manager argues that global banks will now increase their holdings in the yellow metal significantly.

CEOs concerned about US' economic outlook, structural challenges

While Goldman Sachs' economic research team believes in the possibility of a soft landing, CEO David Solomon acknowledges the tightening economic conditions and potential lag effects. He, however, remains optimistic that any potential recession will be shallow

The new gold boom: how long can it last?

Periods of inflation have often boosted the precious metal. This time it is also being bought by central banks worried about geopolitical risk

Joe Biden, Kevin McCarthy meeting ends with no deal on debt ceiling

The Democratic president and the top congressional Republican have struggled to make a deal, as McCarthy pressures the White House to agree to spending cuts in the federal budget that Biden considers "extreme," and the president pushes new taxes that Republicans have rejected.

Wall Street dips, Treasury yields climb on mixed data; debt ceiling talks take spotlight

All three major U.S. stock indexes were in the red, with tech and communications services limiting the Nasdaq's decline.

Banking turmoil could reduce US government revenue, affect debt ceiling

The United States hit its $31.6 trillion debt limit in January, and lawmakers have been deadlocked on raising it. The Treasury Department has been using "extraordinary measures" to continue servicing US debt payments, but those measures are expected to run out sometime this summer. This means that a divided Congress must pass legislation that sets a higher debt limit, or face a catastrophic default.

If the US defaults on debt, expect the dollar to fall – and with it, Americans' standard of living

This isn’t the first time Republicans have resisted helping a Democratic president raise the debt ceiling.

Explained | The saga of the US Debt Ceiling crisis and $1 trillion coin

Till the time the US Congress resolves the crisis, there will be global uncertainty which will keep global financial markets on the edge.

'US budget deal lowers risk of damage to creditworthiness'

The deal, Fitch said in a statement on Wednesday, also suggests a lower risk of the kind of political brinkmanship that led to a partial government shutdown in October.

China rallying may be healthy for India: Baer Capital

Alok Sama of Baer Capital feels India may be a collateral beneficiary of funds flowing into dedicated emerging market funds, on the back of announcements coming out of the third plenary in China - the commitment to a more market-oriented economy, the commitment to the so called state-owned enterprises (SOE) reforms.

See US tapering in March; euro to strengthen: Citi

With the US economy growing at 3 percent, there is no need for additional easing, says Anil Prasad, Global Head-FX & EM local markets, Citi. He sees the dollar-yen end this year above 100 and next year it will probably be in the 110-115 range due to the huge increase in the monetary base in Japan.

Five warning signs US stocks are getting too bubbly

While many analysts really don`t see much that could derail the market`s bull run between now and the end of the year there are some warning signs that investors seem to be ignoring.

Treasury may have even less room for maneuver in 2014

Obama on Thursday signed into law a bill that would suspend a USD 16.7 trillion cap on the national debt until early February, when it will reset to whatever level the debt has reached.

Chinese agency lowers US credit rating: should you care?

Dagong, one of China's top four ratings agencies, cut its rating on US sovereign debt to "A-" from "A" on Thursday, maintaining a negative outlook. It argued that the deal reached by Congress to end the partial government shutdown and raise the debt ceiling will only avert a crisis temporarily.

Obama: Shutdown slowed eco growth, damaged US credibility

The day before, Obama signed a compromise deal passed by the House and Senate after weeks of bickering. It extended the debt ceiling until until Feb. 7 and reopened the government by approving funding only until Jan. 15, lifting what he described as the "twin threats to our economy" for now.

EMs to gain till Mar; see rally in Europe, US: Nick Parsons

Emerging markets will continue to do well considering there are five more months of stimulus push before the Fed can consider tapering. Though, according to Nick Parsons, head of research, UK & Europe, National Australia Bank, the fears of emerging markets getting hit if and when the Fed starts tapering is overdone.

Expect emerging markets to extend rally: Macquarie Sec

Richard Gibbs, global head, Macquarie Securities said with the latest development on the US debt ceiling issue, it is likely that the US Federal Reserve might push its QE tapering plan to next year.

Stable Re, monsoon, corp nos positives for India: JPMorgan

Adrian Mowat of JPMorgan says stability in currency and good monsoon will be a positive for India. The corporate sector too has come out with decent set of numbers so far despite it being a fairly choppy period.

US fiscal talks stumble as lawmakers race against time

Chaotic negotiations to end the US fiscal impasse failed to produce a deal, and left Congress and President Barack Obama desperately searching for a way to reopen the government and raise the country's debt limit ahead of a Thursday deadline.

Why investors lost money trading the UK pound

Analysts now see the US Fed delaying the 'tapering' of its asset-purchase program which means the US dollar has slipped after a rally in mid 2013, and investors are opting for sterling and the euro now. The pound was trading at USD 1.597 on Monday morning after starting the year at USD 1.624 and collapsing to a low of USD 1.486 in July.

US debt ceiling crisis would start quiet, go downhill fast

Many analysts think the United States would at least try to keep making bond payments in an effort to keep investors from panicking.

US senators hint at possible fiscal deal on Tuesday

The plan under discussion would promptly end a partial government shutdown about to enter its third week. It also would raise the debt ceiling by enough to cover the nation's borrowing needs at least through mid-February 2014, according to a source familiar with the negotiations.

Roubini's rubicon: No DC deal could mean recession

Amid an ongoing debate about the impact of the US even temporarily breaching its statutory borrowing limit, the economist known as "Doctor Doom" warned that breaching the USD 17 trillion debt limit could tip the economy into a new down curve.

Even sniff of US default will trigger huge selloff: ETX Cap

Generally, people believe that the US debt ceiling issue will resolve itself. It is just the uncertainty at the moment, says Mark Priest of ETX Capital.

Mkts to be nervous this week on debt ceiling woes: AMP Cap

Shane Oliver of AMP Capital says that resumption of talks among the US senate officials is a positive, but the US government shutdown won't end before October 17 deadline.