MKTREP

Stocks rise, US Treasury yields rise as bank fears ease

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HONG KONG, March 28 (Reuters) – Global stocks and US bond yields rose on Tuesday, as a US regulator-backed deal by First Citizens BancShares to buy the failed Silicon Valley Bank allayed wider concerns about problems in the sector. MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) was up 0.3% by early morning in … Read more

Asian equities are skittish as banks face bankruptcy stress

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Asian Fairs: Nikkei up 0.3%, S&P 500 and European futures up Eyes on Deutsche Bank, credit default swaps Deposits flow from banks to money market funds SYDNEY, March 27 (Reuters) – Asian stocks struggled on Monday as US and European stock futures rose higher on hopes authorities sought to shield stress in the global banking … Read more

Oil falls as US postpones replenishment of strategic reserve

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March 24 (Reuters) – Oil prices added to losses on Friday on concerns over possible oversupply after US Secretary of Energy Jennifer Granholm said replenishing the country’s Strategic Petroleum Reserve (SPR) could take several years. Brent crude fell 34 cents, or 0.45%, to $75.57 a barrel at 0412 GMT, while US West Texas Intermediate crude … Read more

The quest for safety is easing as markets process Credit Suisse’s bailout

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Credit Suisse plunges more than 60% after an emergency takeover over the weekend European Banks Backtrack Some Ground After Initial 5% Drop Treasury bonds and gold rise as investors seek safety Wall Street opens flat, First Republic Bank collapses LONDON, March 20 (Reuters) – European banking stocks fought back from an early slump on Monday … Read more

Bitcoin climbs to 9-month high as banking turmoil intensifies

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LONDON/HONG KONG, March 20 (Reuters) – Bitcoin climbed to a nine-month high on Monday, as banking unrest prompted some investors to turn to digital assets as the cryptocurrency continued its best week in four years. The largest cryptocurrency rose to $28,567, its highest since mid-June, and was most recently up 0.9% amid growing expectations that … Read more

Wall St Week Ahead: Declining Bond Yields Bolster Equities Allure Ahead of Fed Meeting

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NEW YORK, March 17 (Reuters) – US equities have gained an unexpected ally in recent days: a historic fall in bond yields. U.S. Treasury yields fell sharply this week, with some maturities marking the biggest declines in decades, as investors bet the Federal Reserve is likely to curb its aggressive rate hike to prevent the … Read more

Wall Street ended sharply lower on fears of bank contagion

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First Republic Bank tumbles over dividend suspension SVB Financieel seeks bankruptcy protection FedEx jumps on full-year profit forecast Indexes down: Dow 1.19%, S&P 1.10%, Nasdaq 0.74% NEW YORK, March 17 (Reuters) – Wall Street closed lower on Friday, marking the end of a tumultuous week dominated by an unfolding banking sector crisis and the gathering … Read more

Asian markets are oozing with banking turmoil to end a tumultuous week

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Asian Stock Markets: The ECB delivered a 50 basis point hike as promised, dropped forecasts Credit Suisse shares rallied 20% after support from the SNB First Republic Bank Gets $30 Billion Injection, Concerns Remain Fed data showed banks were looking for record emergency liquidity SYDNEY, March 17 (Reuters) – Asian markets extended a risk rally … Read more