Overnight news: US stocks closed higher, Dow hit a new high, escalation of Russia-Ukraine conflict boosted oil prices, Tesla is preparing for the Cybertruck to enter the China market
For more global financial news, please visit the 7×24 hours real-time financial news market close: The Dow Jones closed over 400 points higher, setting a new historical high. All three major indices recorded gains this week. On November 22, the top 20 transactions in the US stock market: It is reported that Tesla is preparing for the Cybertruck's entry into the china market. On Friday, china concept stocks showed mixed results, with WeRide rising 9.2% and pdd holdings falling 3.9%. The crude oil in the usa rose 6.5% this week, while the escalation of the Russia-Ukraine conflict pushed oil prices higher. Spot gold rose 5.7% in five days, regaining the $2,700 mark. European stocks all closed higher, with Germany's DAX 30 index up 0.84%. Macro.
Moody's has upgraded Saudi Arabia's credit rating to Aa3 with a stable outlook.
Moody's has upgraded Saudi Arabia's long-term foreign debt rating from A1 to Aa3. Moody's has also raised its foreign issuer rating from A1 to Aa3, with the outlook changed from positive to stable. Comments and background on the ratings upgrade reflect the assessment of ongoing and expected progress in economic diversification. Over time, continued advancements will further reduce Saudi Arabia's exposure to developments in the oil market and long-term carbon transition. Credit rating summary: Fitch long-term foreign currency debt rating A+, outlook stable; S&P long-term foreign currency bonds rating Au, outlook positive.
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