Market news

16:02

Biggest US banks may provide liquidity for First Republic - WSJ

JP Morgan, Morgan Stanley and other major banks are in talks to inject capital into struggling First Republic Bank (FRC.US), according to Wall Street...

15:36

US OPEN: Mixed moods on Wall Street after strong claims data

US indices started today's session with declines Nasdaq remains stronger than the S&P500  First Republic Bank (FRC.US) shares lose...

15:04

Trade of the day - US500 (16.03.2023)

Facts:  Wall Street shows relative strength against benchmarks from the Old Continent Technical structure supports market bulls  Recommendation: Trade:...

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14:58

(LIVE) ECB Conference - Inflation is still to high

After decision of 50 pb rate hike on the ECB meeting, it's time for ECB conferrence live, with Christine Lagarde: Inflation remains too high  Projections...

14:32

DE30 drops on mixed ECB guidance

ECB defied market fears and decided to press on with a 50 basis point rate hike today. This comes even as the bank lowered its own inflation forecasts...

14:15

BREAKING: ECB delivers 50 bp rate hike in spite of banking turmoil

The European Central Bank announced the latest monetary policy decision today at 1:15 pm GMT. Economists expected a 50 basis point rate hike while money...

14:12

Stock of the week - First Republic Bank (16.03.2023)

Over the past week, shares of companies in the banking sector have seen a drastic discount. Particularly noteworthy was the sharp decline of First Republic...

13:48

BREAKING: EUR dips on ECB media reports

Media reports surfaced saying that ECB officials told at a meeting with European ministers yesterday that some of European banks could be vulnerable amid...

13:47

Anemic rebound among European banks despite Credit Suisse rally 📊

Some European banks are making up for yesterday's losses thanks to reports of a liquidity injection for Credit Suisse (CSGHN.CH) by the SNB. However,...

13:46

DE30: DAX in mixed mood ahead of ECB decision

SNB remarks reassure market in Europe Attention focused on ECB decision Siemens Energy shares down ahead of Siemens Gamesa takeover...

13:32

BREAKING: US jobless claims below 200k again

US jobless claims data released at 12:30 pm GMT today came in below 200k once again. Market expected reading to come in at  205k, following last week's...

11:19

Chart of the day - EURAUD (16.03.2023)

The Australian dollar is one of the best performing G10 currencies today. A stellar jobs report for February can be named as a reason behind the move as...

10:26

📆 ECB preview: 50 bp rate hike at risk

The European Central Bank is scheduled to announce the rate decision today at 1:15 pm GMT with ECB President Lagarde holding a post-meeting press conference...

09:54

Credit Suisse shares 30% up after liquidity guarantee from SNB

Thursday's session on equity markets sees Credit Suisse (CSGN.CH) shares up nearly 30%, having yesterday received a guarantee of support from the SNB...

09:01

Economic calendar: ECB decision in the spotlight

European indices open higher after Credit Suisse takes steps to improve liquidity DAX jumps over 200 points at session launch ECB...

07:48

Morning wrap (16.03.2023)

US indices bounced off the daily lows but bulls were unable to fully erase declines. S&P 500 dropped 0.70%, Dow Jones moved 0.87% lower and Russell...

20:42

BREAKING: SNB will provide Credit Suisse with liquidity

Global equities pared some losses in the evening after it was reported that Swiss authorities and Credit Suisse are discussing ways to stabilize the bank....

20:04

Daily summary: Credit Suisse spoils market sentiment

European indices recorded heavy losses on Wednesday, with Dax down 3.27% after Credit Suisse woes renewed concerns over the health of the global banking...

19:09

First Republic Bank tumbles after S&P Global Ratings and Fitch downgrades

First Republic Bank (FRC.US) stock cratered 23% as turmoil surrounding Credit Suisse rattled the broader banking sector, especially smaller banks. Also...

18:17

Oil prices extend slide to 15-month low

OIL.WTI trades more than 8.0% lower on Wednesday as troubles in the global banking sector overshadowed the bullish outlook for oil demand. OPEC expects...