29 March 2023
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.
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28 March 2023
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.
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27 March 2023
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.
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24 March 2023
Regional markets were quite volatile over the 3 sessions as Indonesian markets celebrated the Nyepi holiday & first fasting day, along with various sentiments rolling in; including the Federal Reserve's decision to raise the Fed Fund Rate 25bps (as expected) to 5% and signaled (at least) one more hike this year, as well as ruling out the possibility of a rate cut this year.
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21 March 2023
US stocks jumped on Monday (20/03/23) with Dow Jones leading a 1.2% gain on the back of investor relief after a deal to rescue Credit Suisse and central bank efforts to bolster confidence in the financial system.
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