GER30 Supported as Banking Fears Ebb
The German index starts the week on the front foot as European officials reassured markets over the health of the financial system, while the sale of failed SCV to First Citizens Bank helps sentiment
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The German index starts the week on the front foot as European officials reassured markets over the health of the financial system, while the sale of failed SCV to First Citizens Bank helps sentiment
The two central banks appear to have a different approach on how the recent financial turmoil impacts monetary policy and the more hawkish stance by the ECB is supportive for the pair
Watch today’s US Open for discussion on the Fed’s hike and conservative stance due to the banking turmoil, as well today’s policy decision by the Bank of England
The US central bank was constrained to a 0.25% rate increase and to an unchanged 5.1% median terminal rate projection, due to the banking turmoil amidst elevated uncertainty
The commodity made a strong start of the week, as fears over the health of the financial system ebbed, but faces pressure today, as markets brace for the Fed’s policy decision
Watch today’s US Open for commentary on the takeover of Credit Suisse by UBS and how the banking turmoil has affected market expectations for the Fed’s policy decision, due on Wednesday
The pair comes under pressure today, as markets are on edge ahead of the monetary policy decision by the US Fed (Wednesday) and the Bank of England (Thursday)
The pair retreats as the accounts of the last policy decision revealed that RBA policy makers will consider pausing the hike cycle, as markets now brace for the US Fed policy update on Wednesday
UBS agreed to buy troubled Credit Suisse as authorities strive to safeguard the financial system, but markets are on edge ahead of the US Fed, sending flows to the Japanese Yen
Banking giant UBS agreed to buy troubled Credit Suisse with the blessing of Swiss regulator and government, with authorities around the world striving to safeguard the financial system, as focus now shifts the US Fed’s policy decision
The European Central Bank abided by its stated intentions and raised rates by 0.5% on Thursday, as the SNB lifeline to Credit Suisse helped contained fears over the banking sector, following the recent rout
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