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S&P Warns Australia AAA Rating at Risk From Election Pledges

(Bloomberg) -- S&P Global Ratings warned Australia’s prized AAA sovereign credit rating may be at risk if election campaign pledges result in larger structural deficits, debt and interest costs, highlighting fiscal pressures facing the next government.Most Read from BloombergWhy Car YouTuber Matt Farah Is Fighting for Walkable CitiesNewsom Says California Is Now the World’s Fourth-Biggest EconomyAt Bryn Mawr, a Monumental Plaza Traces the Steps of Black HistoryLos Angeles Downgraded to AA- by S&

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Morning Bid: Markets long for more signal, less noise on trade

It's been a blessedly quiet start to the week, with President Trump more engrossed on his disappointment with Russia, than his trade war. In this case, silence is golden, as the White House's communication on trade has been a lot more noise than signal. Thus, Agriculture Secretary Rollins tells TV they are speaking with China every day, likely news to Beijing.

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Wall Street takes a breath ahead of another week full of potential swings

U.S. stocks drifted to a mixed finish on Monday, ahead of potential flashpoints this week that could bring more sharp swings for financial markets. The Dow Jones Industrial Average added 114 points, or 0.3%, and the Nasdaq composite slipped 0.1%. The relative lull in trading offered a respite from the sharp, historic swings that have rocked markets for weeks, as hopes rose and fell that President Donald Trump may back down on his trade war.

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Asia stocks inch up, dollar wary amid US trade confusion

The week is also book ended with national elections in Canada and Australia, and U.S. President Donald Trump looms large in both. While Trump has claimed progress is being made on trade with China, and many other countries, actual evidence is lacking. Treasury Secretary Scott Bessent failed on Sunday to back Trump's assertion that tariff talks with China were under way.

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