StockTalk (5.16): US Debt Ceiling Negotiations: What are the potential impact on the Singapore stock market?
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StockTalk (5.16): US Debt Ceiling Negotiations: What are the potential impact on the Singapore stock market?
All eyes were on U.S. President Joe Biden and Republican House Speaker McCarthy, who were set to meet with other congressional leaders to resolve the deadlock in federal debt ceiling negotiations on Tuesday, May 16 ET ((3:00 am Singapore time on Wednesday) in an attempt to resolve the deadlock in federal debt ceiling negotiations. With U.S. Treasury Secretary Yellen warning that the Treasury Department could run out of cash by June 1st without an increase in the debt ceiling, tensions are high and the stakes are even higher.
All eyes were on U.S. President Joe Biden and Republican House Speaker McCarthy, who were set to meet with other congressional leaders to resolve the deadlock in federal debt ceiling negotiations on Tuesday, May 16 ET ((3:00 am Singapore time on Wednesday) in an attempt to resolve the deadlock in federal debt ceiling negotiations. With U.S. Treasury Secretary Yellen warning that the Treasury Department could run out of cash by June 1st without an increase in the debt ceiling, tensions are high and the stakes are even higher.
As the world watches and waits for a resolution, the potential implications for the Singapore stock market loom large. While Biden expressed optimism about the outcome of these negotiations, there is a sense of urgency as U.S. Deputy Treasury Secretary Adeyemo warns of the catastrophic consequences of a failure to raise the debt ceiling before defaulting.
What do you think about the current state of the US debt ceiling negotiations, and how do you believe it will affect the Singapore stock market? Join the discussion and share your thoughts on this issue.
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water dragon 1952 : awaiting for best result so that share price can soar.
102765799 : we can only stay positive and plan with care
LuvAGreen : A quick flush to ease, then rocket I prefer.
The US money printer needs to be cooled down, it's been way too extended and i think eroding the market in strange way.
Dakota121314 : They do this every time.
GodSpeed289 : From past records, the outcome of the US Debt Ceiling Negotiations will likely be a temporary debt ceiling suspension either for a brief period of time or late 2023. This scenario would lead to slower economic growth in 2023 and 2024. Singapore stock market can be certain of is that more uncertainty lies ahead. We should be prepared for stock volatility,
No_Horse_Run_4896 : US are still the king
doctorpot1 : I highly doubt both side would allow US to default, no one want the ball to drop when they are in charge. They won't want to go down in history as the guy who caused millions to lose their job. However, if the US did default there will be a big impact to Singapore as we are dependent on the US for a part of our GDP.
ZnWC : I won't call US Debt Ceiling Suspension a crisis. There is grave consequence but I believe the US government and politicians will made wise decision not to hurt US economy. Based on past experience, US Congress will cooperate if they see the issue will benefit China.
Having said that there's still risk because both parties still need time to negotiate. US and Singapore share price will be volatile because investors don't like uncertainty. Personally I'm more worried about global recession and US-China tension than this.