Apparently, the Markets Trust Washington

Global financial markets are holding out for a deal in Washington to avert a debt default in the world’s biggest economy. But that patience could fade quickly if a deal is not reached soon, analysts say.

Talks to end a partial shutdown of the U.S. government and raise the debt ceiling before a looming October 17 deadline stalled once again on Tuesday.

A growing number of voices including the International Monetary Fund and World Bank have warned about the consequences a U.S. default would have on the global economy and on Tuesday Fitch Ratings warned that it could cut the U.S.’s top-notch AAA sovereign credit rating.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.