


By Naomi Rovnick
LONDON (Reuters) - Central bank rate rises could land global borrowers with $8.6 trillion in extra debt servicing costs in coming years, S&P Global (NYSE:SPGI) estimated on Friday, warning of a slowdown in economic activity as a result.
Major central banks have delivered a record 2,700 basis points of rate hikes in 2022 to stamp out high inflation while concerns have been growing about higher borrowing costs sparking a global recession.
"Higher interest expenses are already straining less-creditworthy governments and corporates, and lower-income households," S&P Global, a financial intelligence company that includes a debt ratings service, said in a report.
Businesses' required returns on new projects were rising along with debt costs, S&P Global added, in a trend that would "dampen future business activity volumes".
"Rising interest rates and slowing economies are making the debt burden heavier," S&P Global added in the report launched ahead of next week's World Economic Forum in Davos, Switzerland.
"To mitigate the risk of a financial crisis, trade-offs between spending and saving may be needed."
S&P Global based its estimate of an $8.6 trillion extra interest bill by applying a three percentage point rate increase to $300 trillion worth of global debt. Around 65% of the extra debt service cost would be paid on fixed-rate bonds and loans as they were refinanced "over time," the report said.
It also projected that the global debt-to-GDP ratio - a marker of leverage risk in the financial system - could rise in a worse case scenario to 391% by 2030, from 349% in June 2022.
S&P Global is adding its voice to a chorus of warnings from policymakers and multilateral institutions about the impact of higher debt servicing costs on fragile economies and companies, as well as struggling households.
Last month, World Bank President David Malpass said at a Reuters conference that the world's poorest countries now owed $62 billion in annual debt service costs to official creditors, an increase of 35% over the past year, sparking concerns about a disorderly default trend.
In September, the Vulnerable Group of 20 (V20), a group of 55 economies exposed to the fallout from climate change, forecast their debt interest bill would rise to a point where they would struggle to safeguard their populations from natural disasters.
EUR/USD
1.0720
+0.0001 (+0.01%)
Summary
BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (4)
Sell (3)
EUR/USD
1.0720
+0.0001 (+0.01%)
Summary
BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (4)
Sell (3)
GBP/USD
1.2370
+0.0030 (+0.24%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
USD/JPY
140.09
-0.51 (-0.37%)
Summary
↑ SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (1)
Sell (9)
AUD/USD
0.6551
+0.0029 (+0.44%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (6)
Sell (0)
USD/CAD
1.3576
-0.0035 (-0.26%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (8)
EUR/JPY
150.20
-0.55 (-0.36%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (4)
Sell (2)
EUR/CHF
0.9687
-0.0022 (-0.23%)
Summary
↑ SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (1)
Sell (7)
Gold Futures
1,961.75
-1.35 (-0.07%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (7)
Silver Futures
23.310
-0.050 (-0.21%)
Summary
NeutralMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (2)
Sell (6)
Copper Futures
3.6895
+0.0075 (+0.20%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (9)
Sell (0)
Crude Oil WTI Futures
73.33
+0.66 (+0.91%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
Brent Oil Futures
77.55
+0.57 (+0.74%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Natural Gas Futures
2.358
-0.059 (-2.44%)
Summary
NeutralMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (1)
Sell (7)
US Coffee C Futures
180.75
-1.95 (-1.07%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
Euro Stoxx 50
4,320.01
+50.37 (+1.18%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (8)
Sell (2)
S&P 500
4,205.45
+54.17 (+1.30%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (2)
Sell (9)
DAX
15,952.73
-31.24 (-0.20%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (4)
Sell (1)
FTSE 100
7,627.20
+56.33 (+0.74%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (8)
Hang Seng
18,640.50
+89.39 (+0.48%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (7)
Sell (0)
US Small Cap 2000
1,773.02
+18.42 (+1.05%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
IBEX 35
9,180.10
-11.00 (-0.12%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (7)
Sell (1)
BASF SE NA O.N.
46.705
-0.205 (-0.44%)
Summary
NeutralMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (1)
Sell (7)
Bayer AG NA
54.35
-0.05 (-0.09%)
Summary
BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (5)
Sell (4)
Allianz SE VNA O.N.
207.75
+0.35 (+0.17%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (10)
Sell (0)
Adidas AG
154.32
-1.12 (-0.72%)
Summary
SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (2)
Sell (5)
Deutsche Lufthansa AG
9.196
-0.026 (-0.28%)
Summary
SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (3)
Sell (3)
Siemens AG Class N
156.00
-0.68 (-0.43%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
Deutsche Bank AG
9.690
-0.052 (-0.53%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
EUR/USD | 1.0720 | Buy | |||
GBP/USD | 1.2370 | ↑ Buy | |||
USD/JPY | 140.09 | ↑ Sell | |||
AUD/USD | 0.6551 | ↑ Buy | |||
USD/CAD | 1.3576 | ↑ Sell | |||
EUR/JPY | 150.20 | Neutral | |||
EUR/CHF | 0.9687 | ↑ Sell |
Gold | 1,961.75 | ↑ Sell | |||
Silver | 23.310 | Neutral | |||
Copper | 3.6895 | ↑ Buy | |||
Crude Oil WTI | 73.33 | ↑ Buy | |||
Brent Oil | 77.55 | ↑ Buy | |||
Natural Gas | 2.358 | Neutral | |||
US Coffee C | 180.75 | ↑ Sell |
Euro Stoxx 50 | 4,320.01 | ↑ Buy | |||
S&P 500 | 4,205.45 | ↑ Sell | |||
DAX | 15,952.73 | Neutral | |||
FTSE 100 | 7,627.20 | ↑ Sell | |||
Hang Seng | 18,640.50 | ↑ Buy | |||
Small Cap 2000 | 1,773.02 | ↑ Buy | |||
IBEX 35 | 9,180.10 | ↑ Buy |
BASF | 46.705 | Neutral | |||
Bayer | 54.35 | Buy | |||
Allianz | 207.75 | ↑ Buy | |||
Adidas | 154.32 | Sell | |||
Lufthansa | 9.196 | Sell | |||
Siemens AG | 156.00 | ↑ Sell | |||
Deutsche Bank AG | 9.690 | ↑ Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,640/ 6,680 (0/ 0) # 1,144 |
SJC HCM | 6,635![]() ![]() (-5 ![]() ![]() |
SJC Hanoi | 6,635![]() ![]() (-5 ![]() ![]() |
SJC Danang | 6,635![]() ![]() (-5 ![]() ![]() |
SJC Nhatrang | 6,635![]() ![]() (-5 ![]() ![]() |
SJC Cantho | 6,635![]() ![]() (-5 ![]() ![]() |
Cập nhật 30-05-2023 08:34:08 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,943.37 | -0.6 | -0.03% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 22.270 | 22.710 |
RON 95-III | 21.490 | 21.910 |
E5 RON 92-II | 20.480 | 20.880 |
DO 0.05S | 17.950 | 18.300 |
DO 0,001S-V | 18.810 | 19.180 |
Dầu hỏa 2-K | 17.960 | 18.310 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $73.28 | -7.24 | -0.09% |
Brent | $77.46 | -7.17 | -0.08% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.280,00 | 23.650,00 |
EUR | 24.502,28 | 25.874,28 |
GBP | 28.257,08 | 29.461,99 |
JPY | 162,61 | 172,15 |
KRW | 15,35 | 18,70 |
Cập nhật lúc 08:28:52 30/05/2023 Xem bảng tỷ giá hối đoái |