16 May 2023
US Markets Wrap: US debt ceiling talks loom and recession concerns grow
All eyes on Wall Street are turning to the Tuesday meeting between congressional leaders and President Joe Biden, as the American leader echoed a more optimistic view of the ongoing negotiations over the weekend, while House Speaker Kevin McCarthy said significant obstacles still remain.
As investors anxiously await progress on a deal to raise the debt ceiling before 1st June, Gregory Branch, Founder & Managing Partner of the Veritas Financial Group weighs in on the latest trader sentiments, a lookahead to retail earnings for the week and likely oil price movements through the summer.
Presenter: Sean Cheong
This podcast is produced and edited by Yeo Kai Ting (ykaiting@sph.com.sg)

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