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ECB Likely To Stick To Big Rate Hike Despite Banking Turmoil, Source Says 0
- Uncategorized
- March 15, 2023
European Central Bank policymakers are still leaning towards a half-percentage-point rate hike on Thursday, despite turmoil in the banking sector, as they expect inflation will remain too high in coming years, a source told Reuters. Investors had begun to doubt the ECB’s commitment to another big rate hike this week after the collapse of Silicon
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Asian Stocks Rise As Bank Rout Eases, Markets Bet On Less Hawkish Fed 0
- Uncategorized
- March 15, 2023
Most Asian stock markets rose on Wednesday, helped by a recovery in bank shares amid easing fears over a potential crisis in the U.S., while growing bets that the Federal Reserve will adopt a less hawkish stance also aided sentiment. Regional markets took positive cues from an overnight recovery on Wall Street, after consumer inflation
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Spain’s Mango Plans U.S. Expansion After China Retreat 0
- Uncategorized
- March 14, 2023
Spanish fashion retailer Mango is focusing on U.S. expansion after turning its back on China, Chief Executive Officer Toni Ruiz said. Mango is returning to the United States – after two previous attempts failed – offering higher-priced clothes meant for special occasions and parties. It will target states where online sales are already strong. The
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Bank Slide Deepens As SVB Contagion Fear Rattles Markets 0

Asia’s share markets slid on Tuesday, with financial stocks in Tokyo leading losses as fear of a U.S. banking crisis had investors fleeing the sector and slashing the interest rate outlook even ahead of U.S. inflation data due later in the day. Japan’s Nikkei dropped 2%. The Tokyo Stock Exchange banks index fell more than

Gold Prices Surge As U.S. Bank Woes Taper Rate Hike Expectations 0

Gold prices hit a one-month high on Monday, recovering sharply from recent losses as markets bet that a burgeoning banking crisis in the U.S. will push the Federal Reserve into softening its hawkish rhetoric in the coming days. The dollar fell sharply against a basket of currencies, while an inversion in the yield curve lessened

Oil Prices Rise On Weak Dollar As Markets Price in Less Hawkish Fed 0

Oil prices rose slightly on Monday as a brewing banking crisis in the U.S. spurred expectations that the Federal Reserve will soften its hawkish rhetoric in the coming months, although caution still persisted over a potential economic fallout. Oil markets benefited from weakness in the dollar, after the Fed and other U.S. regulators intervened over

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