Wall Street’s major indexes closed lower by an average of less than 0.5% on Tuesday (28/03/23), while Treasury yields and Gold prices advanced, as investors worried that the US Federal Reserve would keep interest rates higher for longer as fears of further banking sector failures faded. Energy stocks rallied on the back of rising global oil prices due to inventory problems.
Wall Street’s major indexes closed lower by an average of less than 0.5% on Tuesday (28/03/23), while Treasury yields and Gold prices advanced, as investors worried that the US Federal Reserve would keep interest rates higher for longer as fears of further banking sector failures faded.
All three of Wall Street’s major indexes managed to post gains on Monday (27/03/23), in line with markets’ relief sentiment after First Citizens BancShares agreed to purchase the remaining assets, deposits, and loans from the collapsed Sillicon Valley Bank, for USD 72 billion. Another breeze of fresh air came from the US government, which might begin to explore the Federal Reserve expanding its lending facility to regional banks.
All three of Wall Street’s major indexes managed to post gains on Monday (27/03/23), in line with markets’ relief sentiment after First Citizens BancShares agreed to purchase the remaining assets, deposits, and loans from the collapsed Silicon Valley Bank, for USD 72 billion.
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The Indonesian market which was pretty quiet as it was cut short by two days of Nyepi holiday and the first day of fasting last week, managed to close with a weekly gain of 1.26% to 6762.25; supported by Foreign Net Buy of IDR 187.62 billion, maintaining the monthly foreign buying which has only entered heavily this month amounting to IDR 3.37 trillion (YTD: IDR 3.46 trillion).
Global stock markets wavered on Friday (24/03/23) with fears of a widespread bank collapse as the risk of non-performing loans at Deutsche Bank began to unfold. However, despite the pressure on financial sector stocks, the Dow managed to close the week with a 0.41% gain and the S&P500 led the way with a 0.56% gain.
Global stock markets wavered on Friday (24/03/23) with fears of a widespread bank collapse as the risk of non-performing loans at Deutsche Bank began to unfold. However, despite the pressure on financial sector stocks, the Dow managed to close the week with a 0.41% gain and the S&P500 led the way with a 0.56% gain.
Changes in Trading Hours on The Stock Exchange
