Tag: CEEU
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ECB’s Enria says market nervousness is a concern
FRANKFURT, March 28 (Reuters) – Recent volatility in Deutsche Bank (DBKGn.DE) shares was concerning as it showed investors were on edge and could be spooked by moves in the small market for credit default swaps (CDS), European Central Bank supervisor Andrea Enria said on Tuesday. The German bank’s shares tumbled last Friday as the cost ... -
Softer dollar buoys gold, but banking optimism limits safe-haven appeal
Gold might retest support at $1,945/oz – technicals U.S. dollar down 0.2% Global stocks rise on Tuesday March 28 (Reuters) – Gold prices rose on Tuesday as the dollar slipped, although an improvement in risk appetite after efforts by regulators to allay fears over the global banking system limited the safe-haven metal’s appeal. Spot gold ... -
Morning Bid: U.S. bank deal allays systemic fears
March 28 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets could rebound on Tuesday from their sluggish start to the week, after a deal to buy the assets of stricken U.S. bank Silicon Valley Bank (SVB) prompted a relief rally in financials and allayed fears of deeper ... -
European stocks rebound as banking jitters ease
Banks bounce back after Friday’s sell-off Novartis surges after positive trial results Orange up after Morgan Stanley raises to ‘overweight’ March 27 (Reuters) – European stocks climbed on Monday, as a sense of calm returned to markets following a week of turbulence over concerns about banking sector stability after the collapse of Credit Suisse and ... -
Morning Bid: Banks are leaking money
A look at the day ahead in European and global markets from Wayne Cole It’s been a quiet Monday so far with Asian share markets mixed but U.S. and European stock futures higher, perhaps because they got through a weekend without another bank collapsing. There is some relief that First Citizens BancShares Inc (FCNCA.O) is ... -
ANZ CEO says banking turmoil has potential to trigger financial crisis
SYDNEY, March 27 (Reuters) – Australia and New Zealand Banking Group’s (ANZ.AX) CEO said on Monday the latest turmoil in the global banking system had the potential to trigger a financial crisis though it was early to predict it could bring one similar to that in 2008. Authorities around the world are on high alert ... -
Credit Suisse could face disciplinary action, Swiss regulator says
ZURICH, March 26 (Reuters) – Swiss financial regulator FINMA said it was considering whether to take disciplinary action against Credit Suisse (CSGN.S) managers after Switzerland’s second largest bank had to be rescued last week by UBS (UBSG.S). FINMA President Marlene Amstad told Swiss newspaper NZZ am Sonntag it was “still open” whether new proceedings would ... -
Credit Suisse accessed billions in liquidity last weekend, Swiss finance minister says
ZURICH, March 25 (Reuters) – Credit Suisse (CSGN.S) tapped the Swiss National Bank for “a large multi-billion amount” last weekend to secure its liquidity, the country’s finance minister Karin Keller-Sutter told Swiss broadcaster SRF on Saturday. The troubled Swiss bank had said last week it intended to borrow up to 50 billion Swiss francs from ... -
Factbox: The biggest financial crises of the last four decades
March 25 (Reuters) – Markets have experienced massive upheaval in the last month, prompted in part by two of the three largest banking failures in U.S. history while Swiss lender Credit Suisse was bought by rival UBS Group AG (UBSG.S) in a merger engineered by Swiss regulators. Fears of banking contagion remain, and investors are ... -
Wall St Week Ahead Strength in megacap stocks masks broader U.S. market woes
NEW YORK, March 24 (Reuters) – Investors are relying on an old strategy to navigate the current tumult in asset prices: buying shares of the massive U.S. companies that led markets higher for years. Shares of the top five companies by market value — Apple (AAPL.O), Microsoft (MSFT.O), Alphabet (GOOGL.O), Amazon (AMZN.O) and Nvidia (NVDA.O) ...
