European shares dip as UK, Switzerland and Norway hike rates Dollar stuck near 7-week low after mixed Fed message Oil prices slip in commodity markets LONDON, March 23 (Reuters) – World stock markets rose on Thursday as shares on Wall Street rallied, and Treasury yields fell, after investors took comfort …
Read More »Morning Bid: Europe’s hikers look to carry on as Fed hesitates
A look at the day ahead in European and global markets from Tom Westbrook Markets reckon the Fed is pretty much done now with rate hikes, but see a different story in Europe. The European Central Bank set the tone last week by sticking with a 50 basis point hike. …
Read More »EUROPE Jittery markets attempt risk-on rally while waiting for Powell
A look at the day ahead in European and global markets from Ankur Banerjee With about 12 hours still to go before the Fed announces its policy decision, investors are attempting a bit of a risk-on rally. Comments from U.S. Treasury Secretary Janet Yellen, who told bankers that she was …
Read More »Global bank bonds claw back losses as markets rout eases
Europe bank Additional Tier 1 (AT1) bonds up Europe bank shares up 3.6%, set for biggest gain since Oct Cost of insuring banks against debt default falls Invesco’s AT1 Capital Bond ETF up more than 2.5% LONDON/SINGAPORE, March 21 (Reuters) – An uneasy calm descended across battered bank bonds and …
Read More »Scramble for safety subsides as markets digest Credit Suisse rescue
Bank shares rally after emergency takeover of Credit Suisse Credit Suisse slumps over 55% European banks claw back some ground after initial 5% tumble Government bond yields rise in cautious bid for risk Wall Street gains, First Republic Bank tumbles NEW YORK/LONDON, March 20 (Reuters) – Bank stocks rallied on …
Read More »World markets set for relief after Credit Suisse buyout, central banks action
LONDON, March 19 (Reuters) – Financial markets were poised for relief on Monday after UBS Group AG (UBSG.S) agreed to buy Credit Suisse Group AG (CSGN.S) in a rescue orchestrated by the state, while major central banks announced a co-ordinated move to shore up liquidity in the financial system. In …
Read More »Central banks try to calm markets after UBS deal to buy Credit Suisse
UBS to pay 3 bln Swiss francs ($3.23 bln) for Credit Suisse Yellen, Powell welcome deal to support financial stability UBS to assume up to $5.4 bln in losses; deal to close this year CS writes down $17 bln of bonds to zero, angering holders S&P lowers First Republic Bank’s …
Read More »UBS to take over Credit Suisse, assume up to 5 bln Swiss francs in losses
BERN, March 19 (Reuters) – UBS (UBSG.S) agreed to buy rival Swiss bank Credit Suisse (CSGN.S) for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs ($5.4 billion) in losses, in a shotgun merger engineered by Swiss authorities to avoid more market-shaking …
Read More »Dysfunction in ‘wildly illiquid’ bond markets unnerves investors, officials
LONDON, March 17 (Reuters) – Wild price swings in government bonds on a scale not seen in decades given banking sector turmoil have sparked concern about the smooth functioning of a market considered vital to the global financial system. Trading in short-dated German bond futures was briefly interrupted due to …
Read More »Morning Bid: Support for troubled banks calms markets
A look at the day ahead in European and global markets from Anshuman Daga The week-long rollercoaster ride for global markets turned calmer and a little more positive on Friday as investors heaved a sigh of relief over efforts in the United States and Europe to backstop troubled lenders. Asian …
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