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Moody’s Downgrades US but Cathie Wood Is Still Bullish on American Tech | The Opening Trade 05/19

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May 19, 2025

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Markets react to Moody's decision to join Fitch and S&P in downgrading US credit from its top triple-A position. The dollar weakens and long-end yields climb on the murkier outlook. Meanwhile, tariffs and trade wars continue too weigh on some European corporates, with Diageo shares dipping at the open. But, Ryanair shares climb after CEO Michael O'Leary signalled a strong summer for travel. Meanwhile Ark Innovation founder Cathie Wood maintains her optimism over the US tech sector, which she is heavily invested in.

The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta.

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But RyanairCEO Michael O'LearyMeanwhile Ark InnovationCathie WoodThe Opening TradeEurope WithAnna Edwards Guy JohnsonKriti Gupta Chapters

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