Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2023

• 20 March 2023 11:04 pm

  US Stocks on hopes for banking crisis to ease

  

  US stocks rose Monday, as traders grew hopeful that a crisis in the banking sector may be easing. The gains followed a forced takeover of Credit Suisse by UBS engineered by the Swiss government.The Dow Jones Industrial Average gained 330 points, or `%. Meanwhile, the S&P 500 rose 0.7%, while …

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• 20 March 2023 9:33 pm

  Gold’s rally fades on failure to sustain key technical resistance

  

  Improved market sentiment on Monday reduces demand for the safe-haven assets, including gold. This is preventing the Gold Index (XAU/USD) from powering higher. However, market’s overall confusion could soon resurface if the Fed fails to convince investors this week that the worst is over in terms of financial instability.Gold price …

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• 20 March 2023 8:45 pm

  Lagarde: Eurozone banks’ exposure to Credit Suisse is in € millions, not billions

  

  European Central Bank President Christine Lagarde told European Parliament’s Committee on Economic and Monetary Affairs on Monday that Eurozone banks’ exposure to Credit Suisse was in Euro millions, not billions. Key Quotes The ECB is “fully equipped to provide liquidity support to the euro-area financial system if needed”. “The European …

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• 20 March 2023 7:29 pm

  Why is Fed seen stuck between a rock and a hard place?

  

  As US inflation is still high and as the banking sector encounters difficulties, and as both facts necessitate and demand opposite responses, the Fed is widely seen as stuck between a rock and a hard place ahead of FOMC meeting. Fed Chair Jerome Powell is still required to continue the …

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• 20 March 2023 5:48 pm

  Wall St opens mixed on bank fears, rate-hike pause hopes

  

  As investors evaluated a state-backed acquisition of Credit Suisse and the likelihood that the Federal Reserve would leave interest rates unchanged this week, Wall Street’s major indexes began neutral on Monday. The Dow Jones Industrial Average rose 10.35 points, or 0.03%, at the open to 31,872.33. The S&P 500 opened …

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• 20 March 2023 4:09 pm

  European stocks fell, with banking shares falling after the acquisition of Credit Suisse

  

  European stocks fell on Monday, with Credit Suisse shares losing more than 60 percent after UBS agreed to buy its struggling rival in a $3 billion deal, undervaluing Credit Suisse well and raising fears of a banking crisis. wide range. The STOXX 600 European shares fell 0.8 percent by 0807 …

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• 20 March 2023 2:42 pm

  Oil falls by more than two dollars due to fears of banking sector turmoil

  

  On Monday, oil prices fell to a 15-month low amid fears that turmoil in the global banking sector could lead to a recession that would dampen demand for oil, as well as fears of a possible hike in interest rates in the United States this week. Brent crude futures for …

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• 20 March 2023 1:13 pm

  Yen is recovering as fears of contagion from banking crisis grow

  

  The safe-haven yen rebounded after early sharp declines and the risk-sensitive Australian and New Zealand dollars turned losses as early optimism about global authorities’ efforts to contain a banking crisis ebbed. The Japanese currency, which is particularly sensitive to long-term Treasury bond yields, recovered from sharp losses of 0.6 percent …

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• 20 March 2023 12:23 pm

  Nikkei index closed at a two-month low

  

  Japan’s Nikkei index closed at its lowest level in two months on Monday, as fears of a recession and a possible crisis in the global banking sector led to the sale of risky assets despite a deal reached over the weekend to save the Swiss Bank Credit Suisse. The Nikkei …

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• 20 March 2023 11:27 am

  Gold is trying to climb as concerns about the banking sector return

  

  Gold prices regained some gains on Monday, erasing part of earlier losses, as concerns about the global banking sector returned to the fore, despite UBS’ rescue efforts to acquire rival Credit Suisse to stabilize financial markets more broadly. . Spot gold rose 0.1% to $1,988.89 an ounce by 0624 GMT, …

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• 20 March 2023 10:48 am

  Asian stocks drop as bank crisis fears offset liquidity support

  

  Most Asian stocks fell on Monday as emergency liquidity measures and bank consolidations in U.S. and Europe did little to stem fears of a potential banking crisis, with markets now awaiting more cues on monetary policy from a Federal Reserve meeting this week. Bank-heavy indexes once again saw steep losses, …

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• 20 March 2023 6:35 am

  UBS’s takeover of Credit Suisse: What you need to know

  

  In an emergency rescue agreement intended to quell the fear that the bankruptcy of two American banks earlier this month had sparked on the financial markets, Switzerland’s largest bank, UBS, has agreed to purchase its struggling rival Credit Suisse. “UBS today announced the takeover of Credit Suisse,” the Swiss National …

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• 20 March 2023 5:54 am

  Financial Markets’ Weekly Recap, March 13-17

  

  Wall Street finished lower on Friday, capping off a turbulent week marked by an evolving banking crisis and the gathering storm clouds of a possible recession. All three indexes finished the session in the red, with financial stocks falling the most of the S&P 500’s major sectors. All three indexes …

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