Asia-Pacific markets fell during the session on Tuesday, March 14th, after sharp losses overnight on Wall Street as investors grappled with the fallout from the collapse of US banks, including SVB. In Japan, the Topix index led the losses and fell by 2.67%, and the Nikkei 225 index fell by …
Read More »Upon Signature Bank, SVB collapses, Wall Street divided about the Fed’s next move.
The collapse of Signature Bank and SVB has economists divided on whether it would affect the Fed’s decision to hike interest rates later this month. Policymakers are now dealing with financial panic and persistent inflation.The debate started late Sunday with anticipations that the Fed won’t raise rates at the conclusion …
Read More »Doctors in Britain take part in a three-day strike to protest low wages
Thousands of UK-based and trainee doctors on Monday announced a three-day strike that will severely affect patient care to protest wages they say are very low. The strike is the latest in which workers in the state-funded National Health Service take part in Britain, after the strike by nursing staff, …
Read More »The market impact of the SVB fallout? How? Why?
Silicon Valley Bank, or SVB, was closed down by banking regulators on Friday after a dramatic, quick collapse, the second-largest bank failure in US history. SVB had only two days previously indicated that corporation was experiencing a cash problem. It initially sought to generate funds by selling shares, then it …
Read More »Nikkei index falls as banking stocks are affected by the collapse of Silicon Valley
Japan’s Nikkei fell more than 1 percent on Monday, with banks leading the losses as investors fretted over the potential repercussions of the collapse of the US bank Silicon Valley. Automakers also fell under pressure from a strong yen, with Mitsubishi Motors leading the decline. The Nikkei index fell 1.11 …
Read More »US stocks nosedive post US jobs data
US stocks nosedived on Friday morning after the key jobs report (NFP Data) came in warmer than expected and jitters over troubles at Silicon Valley Bank continued to weigh on markets.The S&P 500 declined by 0.9%, while the Dow Jones Industrial Average edged down 0.5%. Contracts with the technology-heavy Nasdaq …
Read More »Dow futures fall 100 pts; payrolls and banking sector in spotlight
With the focus on the forthcoming employment data and the struggling banking sector, U.S. equities are expected to begin neutral Friday, recovering following the previous session’s selloff. At 12:00 GMT, the Dow Futures contract was down 100 points or 0.3%, the S&P 500 Futures contract was down 4 points or …
Read More »Nikkei suffers the largest loss in 3 months
On Friday, the Japanese Nikkei index suffered the largest loss in nearly three months, ending a series of gains that lasted for five sessions, under the weight of the decline in financial institutions shares, after a decision by the central bank to continue stimulus measures, which affected the expectations of …
Read More »Japan’s Nikkei index is at its highest level in 6 and a half months
Japan’s Nikkei index hit a six-and-a-half-month high on Thursday, extending its winning streak for the fifth consecutive session, with risk appetite improving on expectations that the Federal Reserve will slow down its monetary tightening policies and the lack of imminent changes in the Bank of Japan’s monetary stimulus policy. The …
Read More »Dow drops points as Wall Street encounter higher rates for longer woes
Market volatility, on Wednesday, is low because of correlation going down. The Dow Jones Industrial Average fell as Wall Street fought to recover from Tuesday’s selloff, triggered by comments from Fed Chair Jerome Powell signaling higher interest rates for longer.The Dow fell 202 points, or 0.6%, dragged down by declines …
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