On Thursday, gold prices increased marginally, rising back toward recent highs as worries about the banking crisis persisted in the wake of the European Central Bank raising interest rates. The European Central Bank increased interest rates by 50 basis points on Thursday despite the chaos in the financial markets. The bank ignored investor requests to Read More…
On Wednesday, oil prices fell by about 5%, reaching their lowest points in almost a year. The banking sector’s confidence crisis might lead to a recession and reduced demand for energy. Crude recovered some of their earlier losses when Swiss regulators promised Credit Suisse, whose shares had previously fallen as much as 30%, a liquidity Read More…
US equities recovered on Tuesday as expectations for the size of the Fed’s next hike were lowered by inflation data that was largely on target. Risk sentiment also improved due to reducing concerns about contagion in the banking sector. After several days of risk-off instability brought on by the aftermath of the collapse of Silicon Read More…
US equities were down on Monday due to falling bank shares as investors feared a ripple effect from the Silicon Valley Bank collapse. However, trading was choppy, and the Nasdaq composite closed higher as some sectors benefited from expectations that the Federal Reserve would scale back its interest rate increases. Investors were concerned about dangers Read More…
Currency futures climbed on Friday as the dollar was hurt by signs of a softening US labor market. The United States February labor figures showed weaker wage growth, enhancing the chance that the Federal Reserve may restrict rate hikes to a minimum. The US economy created more jobs than expected in February. However, slower pay Read More…
On Thursday, gold prices surged as Treasury yields fell due to indications that the Federal Reserve’s restrictive policy is starting to take effect as intended. Investors were also preparing for Friday’s highly anticipated release of the Labor Department’s February jobs report. The dollar fell from a nearly three-month high, gold increased, and benchmark US Treasury Read More…
