Moody’s upgraded its outlook on Italy to “positive” from “stable” on May 23, 2025, citing increased confidence in the country’s fiscal and political trajectory. The credit rating agency pointed to a stronger-than-expected fiscal performance in the previous year and a stable political environment that supports the government’s economic plans. Despite the improved outlook, Moody’s maintained Italy’s credit rating at “Baa3,” one notch above junk status.

Moody’s Upgrades Italy’s Outlook to Positive

In New York,  the Dow Jones Index dropped 256 points or 0.61 percent on Friday. Losses were led by Salesforce (-3.52%), Apple (-2.80%) and Nike (-2.06%). Offsetting the fall, top gainers were Coca-Cola (1.03%), Chevron (1.01%) and Verizon (0.65%).

The Dow Jones Index Closes 0.61% Lower

The Ibovespa inched higher by 0.2% to close at 137,620 on Friday, wiping out earlier losses, amid fiscal and political turbulence in Brasília. The government reversed recent changes to the Tax on Financial Operations, maintaining a 0% rate on offshore investments and 1.1% on international remittances. The rollback followed the Finance Ministry’s announcement of a larger-than-expected BRL 31.3 billion budget freeze, viewed as sufficient to meet this year’s primary deficit target. Political uncertainty persisted after U.S. Senator Marco Rubio suggested sanctions against Supreme Federal Court Minister Alexandre de Moraes. Meanwhile, trade data showed a record $27.2 billion in flows between Brazil and the U.S. this year, even as global trade tensions rose following Trump’s proposed tariffs on the EU and Apple products. Among individual stocks, Braskem surged 10% on news of an acquisition offer from Nelson Tanure.

Ibovespa Reverse Losses After Tax Hike Plans

The S&P/TSX Composite Index added 0.1% to close at the 25,879 mark on Friday, reversing early losses as investors weighed trade risks and interest rate prospects. US President Trump’s threats of new tariffs on the EU and Apple products reignited concerns about protectionism and global growth. Meanwhile, strong domestic retail sales for a second straight month and previously hot inflation data increased the likelihood that the Bank of Canada may hold rates steady in its next meeting. Energy and materials led gains, with Enbridge and Canadian Natural Resources rising over 1%. Financials underperformed, with declines in Brookfield (-1%) and BMO (-0.6%). Cameco jumped 10% amid speculation that the US may introduce measures to promote nuclear energy. For the week, the TSX posted a 0.1% gain after reaching a record high on Tuesday.

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最新ニュース

Moody’s Upgrades Italy’s Outlook to Positive

The Dow Jones Index Closes 0.61% Lower

Ibovespa Reverse Losses After Tax Hike Plans

TSX Edges Higher Amid Trade Jitters