Deutsche Bank’s U.S. listed shares fell 10% in pre-market trading. European stocks came under pro-longed pressure Friday morning as banking sector woes fail to disperse. The DAX and FTSE 100 indices each fall by more than 2% in early morning trade. Central Banks Investors have been assessing the global centralRead More →
Interest rates up despite bank failures The Federal Reserve on Wednesday increased interest rates by 0.25%, despite the banking turmoil and failure of Silicon Valley Bank. The Federal Reserve expressed caution about the recent banking crisis and indicated that hikes are near the end. It’s all under control – justRead More →
European Central Bank increases interest rate The European Central Bank (ECB) announced a further rate increase of 50 basis points, despite the current backdrop of market turmoil in the banking sector. The ECB had previously signalled it would be raising rates again at its March meeting – and it did! Pressure InitialRead More →
In view of the recent ‘mini banking crisis’ – will the Feds fight with inflation mean U.S. interest rates will still go up this month? Two or three more increases of 0.25%? Markets still expect the Fed to keep up its inflation fight, despite recent bank failures that have unexpectedlyRead More →
Shifting Rate Expectations Traders and investors alike are rapidly shifting their expectations over the Federal Reserve’s next move amid the crisis of confidence sweeping U.S. banks. Market pricing appears to be suggesting a significant chance the central bank will not make a change to interest rates in March 2023. RateRead More →
The Collapse of the 16th Largest U.S. Bank Silicon Valley Bank – (SVB), the 16th largest bank in the U.S. (at the start of last week) – had been operational for 40 years and was considered a reliable source of funding for tech start-ups. SVB Financial Group’s holdings were hitRead More →
SVB Collapse Reverberates Across Markets U.S. authorities took emergency action over the weekend to shore up the banking system after Silicon Valley Bank (SVB) and Signature Bank collapsed. Businesses and people who have money deposited with SVB would now be able to access their money from Monday, the government said.Read More →
Bitcoin gain Bitcoin hit $50,000 on Sunday, reaching a more than 3-month high, as the cryptocurrency continues to rebound. Bitcoin hit an all time high of over $64,000 in April 2021 – then but sold off in June and July, dipping below $30,000. But since mid July, bitcoin has beenRead More →
Market movement Stocks and oil prices fell on Thursday after the U.S. Federal Reserve intimated it could soon cut back its support An increase in the spread of covid-19 delta variant, signs of Chinese economic weakness and the Taliban’s takeover of Afghanistan also spooked investors. FTSE 100, Dow and S&PRead More →
The DOW at a jackpot high! The DOW, S&P 500 and Nasdaq have recently touched all time highs but where now for the U.S. stock market? Is it time for a breather? More upside? Many analysts suggest there is still room for more gains, especially for the S&P 500 –Read More →