Tag: STX
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South African mining sector lifts local stocks, rand firms
JOHANNESBURG, March 28 (Reuters) – South African mining stocks rose on Tuesday on the back of a weaker dollar and bigger risk appetite from investors, while local currency rand strengthened. Even though a buyout of the beleaguered Silicon Valley Bank helped calm investors’ nerves, safe haven gold continued to lure investors, while positive demand outlook ... -
Cryptoverse: Buoyant bitcoin’s losing its liquidity
March 28 (Reuters) – Bullish bitcoin has been a surprise winner of the banking blowout. Yet investors aiming to amp up their bets face an ominous obstacle: a lack of liquidity that could trigger wild price swings. The price of the No.1 cryptocurrency has jumped 40% to around $27,700 since March 10, when the failure ... -
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 ... -
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 ... -
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 ... -
Wall Street ends volatile week higher as Fed officials ease bank fears
KBW Regional Bank index rebounds U.S.-listed shares of Deutsche Bank slide Activision surges as regulators drop concerns on Microsoft deal Indexes up: Dow 0.41%, S&P 0.56%, Nasdaq 0.31% NEW YORK, March 24 (Reuters) – U.S. stocks closed higher on Friday, marking the end of a tumultuous week as Federal Reserve officials calmed investor fears over ... -
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) ...
