March 23 (Reuters) – The Bank of England on Thursday followed the Federal Reserve and the Swiss National Bank in continuing to hike interest rates, saying Britain’s banking sector was strong enough to withstand the instability that caught on in the markets this month. Relentless rate hikes to curb inflation are among the factors responsible … Read more
March 22 (Reuters) – U.S. authorities are expected on Wednesday to consider measures to further bolster financial stability, as well as scenarios to address the problems still facing regional lender First Republic Bank. As the recent market turmoil has eased, the Federal Reserve meeting is now in focus, with traders divided on whether the US … Read more
March 16 (Reuters) – Credit Suisse (CSGN.S) said on Thursday it would borrow up to $54 billion from the Swiss central bank to bolster liquidity and investor confidence, after a slump in its equities has intensified fears of a global banking crisis. The bank’s announcement, which came in the middle of the night in Zurich, … Read more
February CPI in line with expectations Regional banks rebound Meta rises on more layoff plans Indices up: Dow 1.33%, S&P 1.95%, Nasdaq 2.36% March 14 (Reuters) – U.S. bank stocks rebounded on Tuesday, pushing major Wall Street indexes higher as a slight slowdown in consumer price growth prompted investors to expect a lower rate hike … Read more
https://tmsnrt.rs/2zpUAr4 US authorities act to stabilize banks Markets speculate on less aggressive Fed hikes Short-term Treasury yields fall, Fed futures jump SYDNEY, March 13 (Reuters) – U.S. stock futures rallied in Asian trade on Monday as authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB), while investors were betting … Read more
HONG KONG, March 12 (Reuters) – Chinese stock investors, already disappointed by Beijing’s weaker-than-expected economic growth target for the year, will be further discouraged by the sharp collapse of U.S. lender SVB Financial Group, market participants said. China’s CSI300 index (.CSI300) fell 4% last week, while Hong Kong’s Hang Seng (.HSI) fell 6% amid China’s … Read more
Investors await Friday’s jobs report Bank stocks fall after SVB shares sale announcement General Electric rises after reiterating forecast Indices down: Dow 1.85%, S&P 1.66%, Nasdaq 2.05% March 9 (Reuters) – All three major Wall Street stock indexes closed lower on Thursday, with banking stocks creating the biggest drag as investors also feared Friday’s jobs … Read more
https://tmsnrt.rs/2zpUAr4 Chinese stocks falter, yuan weakens on weak inflation data Nikkei up 0.6%, yen gains on Ueda’s endorsement as next BOJ governor US 2-year yields near 15-year high, dollar near 3-month high Powell reaffirms hawkish guidance, size of March hike not concluded SYDNEY, March 9 (Reuters) – Asian stocks faltered as the dollar neared a … Read more
Consumer inflation slows in February February producer deflation worsened Inflation will not limit supportive monetary policy BEIJING, March 9 (Reuters) – China’s annual consumer inflation slowed to its lowest rate in a year in February as consumers remained cautious despite the abandonment of strict pandemic controls at the end of 2022. Combined with continued producer … Read more
Job vacancies fall by 410,000 to 10.8 million in January Fewer workers are leaving their jobs voluntarily Layoffs increased and were higher than initially thought in 2022 WASHINGTON, March 8 (Reuters) – U.S. job openings fell less than expected in January and data for the previous month was revised upwards, indicating lingering labor market conditions … Read more
