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Asian Stocks Rise As Bank Rout Eases, Markets Bet On Less Hawkish Fed 0
- Uncategorized
- March 15, 2023
Most Asian stock markets rose on Wednesday, helped by a recovery in bank shares amid easing fears over a potential crisis in the U.S., while growing bets that the Federal Reserve will adopt a less hawkish stance also aided sentiment. Regional markets took positive cues from an overnight recovery on Wall Street, after consumer inflation
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Bank Slide Deepens As SVB Contagion Fear Rattles Markets 0
- Uncategorized
- March 14, 2023
Asia’s share markets slid on Tuesday, with financial stocks in Tokyo leading losses as fear of a U.S. banking crisis had investors fleeing the sector and slashing the interest rate outlook even ahead of U.S. inflation data due later in the day. Japan’s Nikkei dropped 2%. The Tokyo Stock Exchange banks index fell more than
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Gold Prices Surge As U.S. Bank Woes Taper Rate Hike Expectations 0
- Uncategorized
- March 13, 2023
Gold prices hit a one-month high on Monday, recovering sharply from recent losses as markets bet that a burgeoning banking crisis in the U.S. will push the Federal Reserve into softening its hawkish rhetoric in the coming days. The dollar fell sharply against a basket of currencies, while an inversion in the yield curve lessened
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Oil Prices Rise On Weak Dollar As Markets Price in Less Hawkish Fed 0
- Uncategorized
- March 13, 2023
Oil prices rose slightly on Monday as a brewing banking crisis in the U.S. spurred expectations that the Federal Reserve will soften its hawkish rhetoric in the coming months, although caution still persisted over a potential economic fallout. Oil markets benefited from weakness in the dollar, after the Fed and other U.S. regulators intervened over
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Silicon Valley Bank is Largest Failure Since 2008 Crisis, Billions Stranded 0
- Uncategorized
- March 11, 2023
Startup-focused lender SVB Financial Group became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets, left billions of dollars belonging to companies and investors stranded. California banking regulators closed the bank, which did business as Silicon Valley Bank, on Friday and appointed the Federal
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Dollar Edges Lower Ahead of Payrolls; yen Weakens After BOJ Stands pat 0
- Uncategorized
- March 10, 2023
The U.S. dollar edged lower in early European trade Friday ahead of the key monthly jobs report, and the yen weakened after the Bank of Japan retained its ultra-dovish stance. At 03:00 ET (08:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 105.125, but
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