Tag: GVD
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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 ... -
Canadian dollar posts biggest gain in 2 weeks as oil surges
Canadian dollar strengthens 0.7% against the greenback Trades in a range of 1.3653 to 1.3745 Price of U.S. oil settles 5.1% higher Canadian bond yields rise sharply across curve TORONTO, March 27 (Reuters) – The Canadian dollar strengthened against its U.S. counterpart on Monday, notching up its biggest advance in two weeks, as signs of ... -
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 ... -
Asia wary, US stock futures up on SVB reports
Asian stock markets : Nikkei up 0.1%, S&P 500 futures rises 0.5% Eyes on Deutsche Bank, credit default swaps Deposits flow to money market funds from banks SYDNEY, (Reuters) – Asian shares followed U.S. stock futures higher on Monday on hopes authorities were working to ring fence stress in the global banking system, even as ... -
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 ... -
Analysis: Banking woes, Fed keep U.S. market investors on edge
NEW YORK, March 25 (Reuters) – Investors are settling in for a long slog in the U.S. stock market in coming months, braced for more tumult in the banking sector and worries over how the Federal Reserve’s tightening will ripple through the economy. Banking sector concerns drove sharp moves in financial stocks in the United ... -
Gold eases from key $2,000 level as dollar firms
Gold briefly tops key $2,000 mark again Silver set for weekly gain March 24 (Reuters) – Gold dipped on Friday in a volatile week that saw bullion prices north of the key $2,000 figure as bank contagion fears bolstered both safe-haven demand and bets on a pause in Federal Reserve rate hikes. The U.S. dollar ... -
Stocks up, bond yields fall as markets mull a Fed policy pause
US shares jump 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 NEW YORK, March 23 (Reuters) – Wall Street stocks jumped on Thursday, pushing up global stock indexes, and Treasury yields fell, after investors took comfort that the ... -
Inflation shock puts Bank of England on course to raise rates again
Investors now expect quarter-point rate hike on Thursday Market split was 50-50 before Wednesday’s inflation data Investors see possibly two further 25 bps hikes BoE must reconcile slow growth, high inflation BoE must also contend with recent global bank worries LONDON, March 23 (Reuters) – The Bank of England is expected to raise interest rates ...
