Weekly jobless claims rise last week Faraday Future up on starting luxury EV production Roku gains on plans to cut 200 jobs Indexes up: Dow 0.45%, S&P 0.57%, Nasdaq 0.62% March 30 (Reuters) – Wall Street’s main indexes climbed on Thursday as fears of a banking crisis eased, with rate-sensitive realty and technology stocks leading … Read more
SINGAPORE, March 30 (Reuters) – Asia’s stock markets held recent gains on Thursday, as fears of a banking crisis receded and investors weighed whether a break-up of Chinese conglomerate Alibaba signals Beijing’s regulatory storm aimed at tech companies might finally be clearing. MSCI’s index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.2%. Like the S&P … Read more
MSCI All-World index rises 0.3%, dollar eases UBS rehires Ermotti to head merged unit Alibaba soars 13%, lifts other Chinese tech stocks Oil rises, gold dips LONDON, March 29 (Reuters) – Global shares rose on Wednesday as investors took heart from a greater degree of stability in the banking sector, but the sense of optimism … Read more
NEW YORK, March 26 (Reuters) – Some investors and analysts are calling for more coordinated interventions from central banks to restore financial stability, as they fear that tumult in the global banking sector will continue amid rising interest rates. After the collapse of two U.S. lenders this month and last weekend’s Swiss-government-orchestrated takeover of troubled … Read more
WASHINGTON/FRANKFURT, March 26 (Reuters) – Stress in the banking sector is being closely monitored for its potential to trigger a credit crunch, a U.S. Federal Reserve policymaker said on Sunday, as a European Central Bank official also flagged a possible tightening in lending. Authorities around the world are on high alert for the fallout from … Read more
WASHINGTON, March 24 (Reuters) – The multi-regulator U.S. Financial Stability Oversight Council agreed on Friday that the U.S. banking system remains “sound and resilient” despite stress on some institutions, the U.S. Treasury said in its latest statement to calm jittery markets and bank depositors. In a readout of a closed meeting chaired by Treasury Secretary … Read more
March 23 (Reuters) – The Bank of England on Thursday followed the Federal Reserve and the Swiss National Bank in hiking interest rates, as policymakers ploughed on with their fight against inflation in the face of the instability that rippled through the global banking system this month. Investors had questioned whether the central banks could … Read more
March 20 (Reuters) – U.S. banking stocks rose on Monday and Europe’s lenders recovered from a sharp early sell-off after UBS Group’s state-backed takeover of Credit Suisse appeared to close off one source of worry for the global banking sector. In a package engineered by Swiss regulators on Sunday, UBS Group AG (UBSG.S) will pay … Read more
SINGAPORE, March 20 (Reuters) – U.S. stock futures rose in Asian trade on Monday in relief at a weekend rescue deal for Credit Suisse, though the mood was nervous and financial shares remained under pressure from contagion fears, even with support from global central banks. S&P 500 futures rose 0.5% in bumpy early trade. Japan’s … Read more
NEW YORK, March 17 (Reuters) – Whipsawed U.S. stocks have gained an unexpected ally in recent days – a historic plunge in bond yields. U.S. government bond yields fell steeply this week, with some durations marking their biggest drops in decades, as investors bet the Federal Reserve would likely curb its aggressive rate hike trajectory … Read more