Tag: ENR
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The quest for safety is easing as markets process Credit Suisse’s bailout
Credit Suisse plunges more than 60% after an emergency takeover over the weekend European Banks Backtrack Some Ground After Initial 5% Drop Treasury bonds and gold rise as investors seek safety Wall Street opens flat, First Republic Bank collapses LONDON, March 20 (Reuters) – European banking stocks fought back from an early slump on Monday […]
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Equity futures rise higher on Credit Suisse buyout
SINGAPORE, March 20 (Reuters) – US stock futures rose in Asian trading on Monday in relief following a weekend bailout for Credit Suisse, though the mood was jittery and financial stocks remained weighed down by contagion fears, even with support from global central banks. S&P 500 futures rose 0.5% in bumpy early trading. Japanese Nikkei […]
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Asian markets are oozing with banking turmoil to end a tumultuous week
Asian Stock Markets: The ECB delivered a 50 basis point hike as promised, dropped forecasts Credit Suisse shares rallied 20% after support from the SNB First Republic Bank Gets $30 Billion Injection, Concerns Remain Fed data showed banks were looking for record emergency liquidity SYDNEY, March 17 (Reuters) – Asian markets extended a risk rally […]
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ECB interest rate hike expected after Switzerland supports Credit Suisse
Stocks rise as Switzerland provides Credit Suisse with lifeline Bond yields are rising, ECB expected rate hikes of as much as 50 basis points Oil climbs from 15-month low Graphic: World FX Rates LONDON, March 16 (Reuters) – European markets rallied on Thursday, as a 50 billion Swiss franc ($53.94 billion) lifeline for beleaguered lender […]
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Asian stocks are gaining as fears of rapid rate hikes from the Fed and the banking crisis fade
SINGAPORE, March 15 (Reuters) – Asian stocks rose sharply on Wednesday, following a relief rally on Wall Street and as US inflation data delivered no nasty surprises, hopes were bolstered that the Federal Reserve is likely to go for a smaller rate hike when it meets next week . Investors piled back into stocks in […]
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US stock futures rise as the Fed intervenes on banks
https://tmsnrt.rs/2zpUAr4 US authorities are acting to stabilize banks Markets are speculating on less aggressive Fed hikes Short-term Treasury yields fall, Fed futures rise SYDNEY, March 13 (Reuters) – US stock futures rose in Asian trading on Monday as authorities announced plans to mitigate the fallout from the Silicon Valley Bank (SVB) collapse, while investors bet […]
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Equity futures, bonds rise as US acts to stabilize banks
https://tmsnrt.rs/2zpUAr4 US authorities are acting to stabilize banks Markets are speculating on less aggressive Fed hikes Safe haven bonds and Japanese yen in demand SYDNEY, March 13 (Reuters) – US stock futures rose in Asian trading on Monday as authorities announced plans to mitigate the fallout from the Silicon Valley Bank (SVB) collapse, though investors […]
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SVB is the largest bank failure since the 2008 financial crisis
California regulator closes SVB, appoints FDIC as trustee SVB focused on lending to start-ups; branches open again on Monday FDIC to Sell Bank Assets; ‘chaos’ reported amid shooting Bank stocks fall in US, Europe, but well from lows Crisis exposes banks’ ‘vulnerabilities’ amid rising interest rates March 10 (Reuters) – Startup-focused lender SVB Financial Group […]
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US banking jitters hit Asian stocks; yen falls with JGB yields after BOJ
SINGAPORE, March 10 (Reuters) – Falling bank stocks sent Asian markets tumbling on Friday as bonds rose and expectations for US interest rate hikes were lowered after a surprise capital raise at a Silicon Valley startup lender raised fears of a broader unleashed stress in the banking system. The yen weakened and Japanese government bond […]
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Oil stable as a surprise US crude oil draw counteracts the jitters of rate hikes
API Shows U.S. Crude Oil Stocks Falling – Market Sources The US Fed’s Powell is setting the tone for higher and faster rate hikes The rise in the dollar keeps oil under control SINGAPORE, March 8 (Reuters) – Oil prices stabilized on Wednesday as industry data showed an unexpected fall in US crude inventories after […]