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Investing.com -- Investors will be holding out for an update on plans to raise the U.S. debt ceiling this week, while remarks by Federal Reserve policymakers will be parsed for insights on the future path of interest rates.
Source: https://www.onenewspage.com/n/World/1zplp436g9/Top-things-to-watch-in-markets-in.htm
Pictured: House Speaker Kevin McCarthy, R-Calif., left, and President Joe Biden, right, discuss the conditions for raising the U.S. debt ceiling at the White House on May 22, 2023.
Politics has the spotlight at the start of a new week, falling chiefly - still - on the U.S. debt ceiling standoff.
So where would money from U.S. debt go if managers mechanically wanted to move it?
Source: https://londonlovesbusiness.com/fitch-lowers-us-rating-which-will-result-in-empires-to-fall-slowly/
The debt issue is of keen interest to Asia, as is the second-largest holder of U.S. debt.
Source: https://www.independent.co.uk/news/janet-yellen-ap-china-liu-he-zambia-b2264168.html
TOKYO – Most Asia-Pacific stock markets rose on Thursday amid receding bets for a U.S. rate hike this month and relief over the passage of the U.S. debt ceiling bill through the House.
Source: https://business.inquirer.net/403722/asia-stocks-gain-as-fed-hike-bets-recede-debt-vote-eases-nerves
Uncertainty over U.S. debt also weighed on prices.
Source: https://business.inquirer.net/402641/oil-eases-as-russia-downplays-additional-opec-cuts