US Open– 09 May 2023 (Video)
Watch today’s US Open for commentary on EUR/USD and NAS100 after Friday’s strong US jobs report and ahead of the US CPI inflation report, Apple’s outlook after its recent quarterly results and more
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Watch today’s US Open for commentary on EUR/USD and NAS100 after Friday’s strong US jobs report and ahead of the US CPI inflation report, Apple’s outlook after its recent quarterly results and more
According to a Federal Reserve report released on Monday, mid-sized institutions' turmoil led to banks tightening their lending standards to households and businesses, which could pose a threat to the US economic growth. The report, called the Senior Loan Officer Opinion survey, revealed that banks had made it tougher to get commercial and industrial loans, mortgages, home equity lines of credit, and credit cards. Respondents expect the situation to persist…
NAS100 rose on Friday as markets viewed the solid employment report as a sign against recession, also helped by tech earnings and easing banking fears, but is cautious today as upcoming inflation figures loom
The US central bank (Fed) and its European counterpart (ECB) adopted very different monetary policy approaches after the failure of SVB and the divergence persisted after this week’s latest decisions, as the stress in the banking sector persists
Despite reassurances from financial regulators and bankers such as Jamie Dimon that the banking system remains strong, uncertainty continues to impact the banking industry. Shares of PacWest Bank, a smaller regional lender, dropped by almost 50% after confirming reports that it was considering "strategic options," including the possibility of selling the company.
Overall Revenue dropped for the quarter ended April 1, but iPhone sales increased against the industry’s shipments squeeze, supporting Apple’s top line
Watch today’s US Open for commentary on the latest policy decisions by the Fed that hinted to a pause and the ECB, which moderated the pace of tightening, but pointed to more rate hikes
The US central bank hiked rates by another 0.25% to what could be the terminal level, but did take more moves off the table, balancing between financial stress and persistent inflation
Watch today’s US Open for commentary on the surprise rate hike of the Reserve Bank of Australia, the acquisition of First Republic by JP Morgan ahead of the Fed’s policy meeting and more
Watch today’s US Open for commentary on the strong quarterly results by tech heavyweights, the persistent fears over the health of the financial system, the latest GDP figures from the US and more
Banking fears creeped back in after First Republic disclosed massive deposit outflows. This weighed on the Index, but strong Big Tech results help the tech heavy-Index, ahead of PCE inflation update
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