Energies
Monthly Archives: March 2023
JPMorgan Warns Of ‘Minsky Moment.’
Written on March 21, 2023 at 8:44 am, by Designer
JPMorgan Chase believes that the accumulation of recent banking meltdowns combined with geopolitical shocks and central bank monetary policy uncertainty could cause a “Minsky moment” in the markets. A Minsky moment is a sudden and large collapse in asset values that marks the end of a growth phase of a cycle in credit markets orContinue Reading
Feelings of Worry Take Control of Traders
Written on March 20, 2023 at 8:09 am, by Designer
market news summary Banks had a rough two weeks. Markets’ hopes dashed that a recession in the United States could be averted. However, an accurate reading of the state of diversified assets still shows that investors are not convinced that the current pressure portends a real financial crisis. Regarding stocks, credit, inflation and the dollar,Continue Reading
Gold Remains the First Safe Haven
Written on March 17, 2023 at 7:56 am, by Designer
market news summary US Federal Reserve data showed that banks sought emergency liquidity in record amounts over the past few days following the collapse of Silicon Valley and Signature banks, which in turn led to the squandering of months-long efforts by the central bank to reduce the size of its balance sheet. As of Wednesday,Continue Reading
Central Banks Are Trying to Save The Situation
Written on March 16, 2023 at 8:17 am, by Designer
market news summary Credit Suisse has announced that it will borrow up to CHF50 billion, or $53.68 billion, from the Swiss National Bank under a covered loan and short-term liquidity facility. The decision comes shortly after the bank’s shares fell sharply on Wednesday, hitting an all-time low for the second consecutive day after the NationalContinue Reading
Oil Prices Are Trying to Hold Above $70
Written on March 15, 2023 at 7:56 am, by Designer
market news summary European stocks rose at the end of the trading session on Tuesday, March 14th, after falling on Monday due to the crisis of the collapse of Silicon Valley Bank. At the end of the session, the STOXX600 index rose by 1.53% to 449 points, while the German DAX rose by 1.83% toContinue Reading
Investors are Awaiting Inflation Data Today
Written on March 14, 2023 at 9:32 am, by Designer
market news summary Tim Mayopoulos, the new CEO of Silicon Valley Bank, informed customers that the bank is open and conducting its activities as usual in a letter. Earlier yesterday, the Federal Deposit Insurance Corporation appointed Tim Mayopoulos, former CEO of Fannie Mae, as CEO of the new entity that was established under the nameContinue Reading
The Fed Starts Trying to Bail Out Customer Deposits in SVB
Written on March 13, 2023 at 9:32 am, by Designer
market news summary On Sunday, March 12th, The Fed revealed a plan to support deposits at SVB Bank, a crucial step in stemming the panic among customers and startups following the bank’s collapse. The US central bank said it is creating a new financing program for the bank aimed at protecting deposits at the bankruptContinue Reading
Sharp Declines in Stock Market
Written on March 10, 2023 at 7:50 am, by Designer
market news summary Chinese President Xi Jinping won a third five-year term today, Friday, March 10, as China’s nearly 3,000-member parliament voted unanimously in the Great Hall of the People in Beijing to elect the 69-year-old Xi to lead the country in a stale election in which he had no other competitors. Investors await theContinue Reading
