The Dow Jones and others closed last week with a significant gain of between 1.7%- 2.3%, buoyed by the rally in technology stocks led by Apple as well as the release of Nonfarm Payrolls (Apr.) employment data last Friday which came in at 253k, much higher than the forecast of 180k and the previous period’s 165k; thereby eliminating concerns of a global recession threat.
All three major Wall Street indexes ended lower in negative territory of less than 1% as latest US bank crisis threat emerged from PacWest Bancorp whose share price plunged 51% and dragged down other regional bank stocks. PacWest Bancorp confirmed it was exploring strategic options, including the possibility of having to sell its assets.
All three major Wall Street indexes ended lower in negative territory of less than 1% as latest US bank crisis threat emerged from PacWest Bancorp whose share price plunged 51% and dragged down other regional bank stocks. PacWest Bancorp confirmed it was exploring strategic options, including the possibility of having to sell its assets.
Investors digested Federal Reserve Chairman Jerome Powell’s comments, following the US central bank’s decision to raise interest rates 25bps (as expected) to 5%-5.25% which is the 10th consecutive hike since March 2022, and puts the FFR at its highest level since 2007. At last night’s FOMC Meeting the Fed also signaled that they could pause the rate hike in June; although incoming data will still determine future decisions.
The US stocks gave up gains to close lower after comments by Federal Reserve Chair Jerome Powell, following the US Central Bank’s decision to raise interest rates by 25 bps (as expected) to 5%-5.25%, which is the highest level since 2007; and signalled that they could put brakes on the rate hike (rate pause) in June, although incoming data will still determine future decisions.
All three major US indexes fell more than 1% on Tuesday (02/05/23) as regional bank shares tumbled on renewed fears over the financial system, following the news regarding JPMorgan’s purchase on First Republic Bank assets; as investors tried to gauge how much raise the Federal Reserve may need for the interest rates at the FOMC Meeting decision, which can be seen early Thursday morning at 01.00 WIB.
All three major US indexes fell more than 1% on Tuesday (02/05/23) as regional bank shares tumbled on renewed fears over the financial system, following the news regarding JPMorgan’s purchase on First Republic Bank assets’; as investors tried to gauge how much raise the Federal Reserve may need for the interest rates at the FOMC Meeting decision, which can be seen early Thursday morning at 01.00 WIB.
Several readings from European economic data showed pessimism about the future economic situation as illustrated by the German Ifo Business Climate Index (Apr), aka the German business expectations indicator for the next six months, which was released at 93.6 under the expectation of 94.
PT Tripar Multivision Plus Tbk (“Perseroan”) merupakan suatu Perusahaan yang bergerak dalam bidang rumah produksi (“Production House atau “PH”) yang didirikan pada tahun 1990 dibawah naungan PT Parkit Film yang bergerak dalam bidang pembuatan dan distribusi film dibawah naungan Ram Punjabi.
