{"id":44524,"date":"2023-01-20T08:51:29","date_gmt":"2023-01-20T08:51:29","guid":{"rendered":"http:\/\/www.brandon.ddtest.info\/multisite-test\/morning-bid-fret-about-debt\/"},"modified":"2023-01-20T08:51:29","modified_gmt":"2023-01-20T08:51:29","slug":"morning-bid-fret-about-debt","status":"publish","type":"post","link":"http:\/\/www.brandon.ddtest.info\/multisite-test\/morning-bid-fret-about-debt\/","title":{"rendered":"Morning Bid: Fret about debt?"},"content":{"rendered":"

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A look at the day ahead in European and global markets from Ankur Banerjee<\/p>\n

With the Year of the Rabbit upon us, the Asian markets shrugged off some of the skittishness seen overnight on Wall Street, attempting a bit of a risk-on rally. Thin liquidity will keep gains capped, though, and fears of an economic slowdown along with worries over the Federal Reserve keeping interest rates higher for longer are unlikely to fade away.<\/p>\n

A new worry has been added to investors’ inbox of angst: the U.S. debt ceiling<\/a>, with the U.S. government hitting its $31.4 trillion borrowing limit<\/a> on Thursday. But with the U.S. Treasury using extraordinary cash management measures, staving off default until June 5, markets may not be immediately concerned.<\/p>\n

So what’s next? A standoff between the Republican-controlled House and President Joe Biden’s Democrats on lifting the ceiling, which investors hope will be resolved and not result in a repeat of the 2011 crisis.<\/p>\n

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