Tag: Stock markets
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Here’s one for the battered bulls: The second-largest sector in the S&P 500 is coming to life, says this strategist.
“It’s the first time in a long time that the FOMC has had to make a real decision,” said JonesTrading chief strategist Michael O’Rourke, one of a handful of people urging the Fed to pause. “Remember, this banking crisis is the result of banks not properly preparing for a rate hike cycle. Another increase in […]
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Fund managers fear a ‘systemic credit event’ as the biggest threat to markets: BofA
Published: March 21, 2023 at 8:53 a.m. ET Fund managers fear a systemic credit crunch is the biggest tail risk this month, Bank of America strategists said, citing data from their latest poll. The bank’s most recent global survey of fund managers found that 31% of the 212 fund managers surveyed chose the biggest threat […]
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From the sudden collapse of the SVB to the consequences of Credit Suisse: 8 charts show turbulence in the financial markets
A tumultuous week in US financial markets ended on an uncertain note Friday after a massive $30 billion injection of large bank deposits into First Republic Bank failed to appease investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – concerns about weakness in […]
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UBS in Talks to Buy Credit Suisse: Report
Published: March 17, 2023 at 5:59 PM ET UBS Group AG is in talks to acquire all or part of Credit Suisse Group AG, with their boards meeting separately over the weekend to consider the move, the Financial Times reported late Friday. Swiss regulators are helping the talks as they try to boost confidence in […]
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US stocks are on the verge of wild swings as trillions in options contracts expire Friday
US stocks could continue to swing wildly in the coming days as option contracts tied to trillions of dollars worth of securities expire on Friday, removing a buffer that some say has helped prevent the S&P 500 index from breaking out of a tight trading range . Options contracts worth $2.8 trillion will expire during […]
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ECB implements rate hike of half a point amid concerns about banks
Last Updated: March 16, 2023 at 9:42 a.m. ET First published: March 16, 2023 at 9:20 a.m. ET The European Central Bank on Thursday went ahead with its plan to raise interest rates by 50 basis points or half a percentage point despite banking sector turmoil, warning that “inflation is expected to remain too high […]
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Bitcoin Tanks as Silicon Valley Bank Collapse Fuels Contagion Fears
Published: March 10, 2023 at 1:34 PM ET Bitcoin saw its losses widen on Friday, dropping below $20,000 for the first time since January as investors worry about the spread of contagion from Silicon Valley Bank, which was shut down by regulators and acquired by the Federal Deposit Insurance Corp., days after the crypto-friendly Silvergate […]
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Stocks extend weekly losses after job data, bank collapse
The government said on Friday that US hiring grew solidly but cooled off in February as employers added 311,000 jobs, more than economists polled by The Wall Street Journal had expected. Unemployment rose slightly to 3.6%, still historically low. Meanwhile, regulators closed Silicon Valley Bank after a run on deposits thwarted the tech-focused lender’s plans […]
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European bank shares fall on concerns about their bond holdings
Last Updated: March 10, 2023 at 4:19 AM ET First published: March 10, 2023 at 4:17 a.m. ET Shares in European banks plummeted Friday on health concerns following a series of rate hikes around the world. The Stoxx Europe 600 XX:SX7P banking index fell more than 4%, with shares in Deutsche Bank XE:DBK up 7%, […]