Stock markets in the US and Europe gained on Thursday as a liquidity support to Credit Suisse by the Swiss central bank and an interest rate hike by the European Central Bank (ECB) helped ease fears of a widening banking crisis. ECB policymakers on Thursday agreed for 50 bps interest rate hike to tame sky-high inflation. The increase wasRead More →
The US and European stock markets fell on Wednesday as fears over banking crisis resurfaced. Investors’ fears over banking crisis increased after Credit Suisse’s biggest shareholder Saudi National Bank refused to raise stake beyond 10%, citing regulatory issues. Bank stocks across Europe and the US edged lower. Efforts by regulators in theRead More →
Shares in the US and Europe climbed back on Tuesday on softening US inflation data as it offset fears over banking crisis. Annual inflation eased to 6.0% in February, US consumer price data showed on Tuesday. The shares of US banks which were especially hard hit on Monday recovered from theirRead More →
US stocks closed mixed on Monday in a volatile trade, but bank shares plunged on fears that the collapse of Silicon Valley Bank (SVB) could spark contagion throughout the banking system. The US stock indices opened lower in morning session. In midday trading, all the three indices were higher. The Dow Jones IndustrialRead More →
The shares worldwide fell on Thursday on worries of aggressive interest rates hike by the central banks. US stocks US stocks on Thursday were dragged down by banks as investors remain cautious about interest rate hike by the Federal Reserve and awaited monthly jobs data on Friday. The S&P banksRead More →
Both the US and the European stock markets fell on Tuesday following Federal Reserve chair Jerome Powell’s hawkish remarks in his testimony before the US Congress. Jerome Powell said on Tuesday that Federal Reserve is likely to increase interest rates higher than earlier anticipated. “Although inflation has been moderating in recent months,Read More →
