Monthly Archives: March 2023
Markets Put Less Weight On Banking Crisis
Written on March 27, 2023 at 6:00 am, by lishitong
Focus has shifted back to inflation and interest rates as the banking crisis shows signs of easing Equity markets advanced and major currencies fluctuated in narrow ranges in the last session. Easing in the banking crisis and perceived lower risk of recession spurred the equity market to trade higher while modest rate hikes from majorContinue Reading
Equities Markets Slide as Banking Sector Concern Still Intact.
Written on March 24, 2023 at 6:23 am, by lishitong
Wall Street was hindered by the banking sector and slumped after investors digested the comment from Janet Yellen, U.S. Treasury Secretary on Wednesday’s hearing. However, Yellen attempted to alleviate market concerns during a subsequent hearing on Thursday, promising that policymakers would take further action to safeguard bank deposits if necessary. Meanwhile, Japan’s inflation data indicatesContinue Reading
Fed Takes Risk With Rate Hike Amid Banking Crisis
Written on March 23, 2023 at 7:21 am, by lishitong
Investors hoping for a pause in rate hikes were disappointed as the U.S. Federal Reserve pushed ahead with a quarter-point hike at its interest rate decision on Wednesday. While way lower than 2022’s mega-hikes of 50 to 75 bps and in line with economist expectations, March’s 25-point hike is a calculated risk amid what isContinue Reading
