From Nasdaq: 2025-05-19 01:37:00

European stocks are expected to open lower after Moody’s downgraded the U.S. credit rating, citing rising government debt. President Trump’s tax-cut bill advances in Congress, adding $3-5 trillion in new debt. China imposes tariffs of up to 75 percent on plastics imports from the U.S., EU, Taiwan, and Japan. Asian stocks fall as economic challenges persist. U.S. warns of reciprocal tariff rates if trade agreements aren’t reached. Dollar slips, Treasury yields rise, gold trades higher, and oil lower.

U.S. stocks close higher on Friday despite consumer sentiment falling and inflation expectations rising. Dow gains 3.4 percent for the week, S&P 500 extends winning streak, and Nasdaq surges 7.2 percent. European stocks rise on progress in EU-U.S. trade negotiations. STOXX 600 gains 0.4 percent, DAX and CAC 40 edge up, and FTSE 100 advances by 0.6 percent.



Read more at Nasdaq: European Shares Likely To Drift Lower On Concerns About US Debt