Asian stocks hit two-month lows on Thursday and the dollar rose on safe-haven demand as the impasse in negotiations to raise the U.S. debt ceiling and warnings of a possible U.S. credit rating downgrade spooked investors.
Traders remained wary of a possible catastrophic default, with U.S. Treasury Secretary Janet Yellen maintaining early June as a deadline.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.