Wall Street News

Wall Street News

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U.S. stocks nuetral due to Positive rating from credit rating agency, BUT China missed growth estimates..

Summary:

  • Standard & Poor’s revised its credit-rating outlook for the U.S. to stable from negative, citing an improved economic and fiscal outlook.
  • China’s industrial production rose a less-than-forecast 9.2 percent last month, while export gains were at a 10-month low and imports dropped, which means China missed estimates, because analysts predicted higher growth, but China came up short. Which affects our markets because China is the biggest buyer of industrial metals and energy.When their economy is slowing down then their buying is slowing down.
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June 10, 2013

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