Mon, May 13, 2024
Stable signals from global markets, mixed action in America on Friday, Dow Jones up for the 8th day with a gain of 125 points... Nasdaq closed flat, Russell 2000 slipped 0.7%... Consumer Sentiment figures at 6 month low But... 10 year bond yield marginally up at 4.5%... GOLD at 3 week high with 2.8% weekly gain... Crude Oil falling for the second consecutive week, mixed action in base metals.
More >
Thu, May 09, 2024
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1 per cent, hovering not far from a 15-month high hit earlier in the week after Fed Chair Jerome Powell reiterated a stance for policy easing later this year.
Fri, May 03, 2024
Strong signals from global markets, great action in American markets... Dow jumped 325 points, Nasdaq jumped 1.5%... Apple's results were better than expected... Company announced buyback of $ 110 billion... The biggest buyback in history so far... Shares up 6% in post market trading... 10% jump in Qualcomm due to strong results... Today's job figures of April are monitored, 2.4 lakh new jobs are expected to be added. ...unemployment expected to remain stable near 3.8%.
Wed, Mar 29, 2023
U.S. stocks were mixed on Wednesday. The Dow slipped 40 points amid trading in a range of 250 points. Actually, the mood of the market deteriorated due to the rising bond yield. The 2-year bond yield jumped above 4%. Nasdaq fell 0.5% due to weakness in IT stocks for the second day. The Consumer Confidence Index increased from 101 to 104.2. According to the data, the US Federal reserve may increase the rates further. Alibaba will be divided into 6 parts, due to which the company's stock jumped 14%.
Tue, Mar 28, 2023
US market witnessed mixed action on Monday amid heavy volatility. The Dow closed up 200 points amid trading in a range of 300 points. Whereas, the Nasdaq slipped 0.5% to close at the day's low. The 10-year bond yield jumped sharply to cross 3.5%. Fed's James Bullard said that rates are likely to increase further. There was action in bank shares due to the news of First Citizen Bank's purchase of SVB. Shares of First Citizen Bank jumped 53%.
Mon, Mar 27, 2023
US markets closed with gains on Friday amid volatility. Dow recovered 450 points from the lower level and closed up 130 points. Whereas, SGX Nifty gained around 120 points. According to reports, the funding program of the banking sector can be increased, Even now, depositors are withdrawing money from banks at a rapid pace. Deutsche Bank fell 8.5%. Apart from this, other banking stocks also declined. Russian President Vladimir Putin said that Russia plans to deploy tactical nuclear weapons in Belarus. This week some Fed members will deliver speech and revised GDP, housing data of US to be released.
Fri, Mar 24, 2023
There was a huge volatility in the US market on Thursday. The Dow closed up 75 points, slipping 400 points from the day's high. Whereas, Nasdaq gained 1% due to strong action in IT stocks. After accusations made by Hindenburg Research against Block Inc, its shares tumbled by 15%. Janet Yellen again changed the markets mood by saying - "Banks will be given all kinds of help. Bank deposits will be kept safe.'' Fed member James B. Bullard will deliver a speech today.
Thu, Mar 23, 2023
Opening Bell: The BSE Sensex was down 256.34 points or 0.44 per cent to 57,958.25 and NSE Nifty50 declined by 77.35 points or 0.45 per cent to 17,074.55 minutes after the market open on Thursday.
The US market closed down lower amid the remarks that the interest rates will not decrease this year. The Dow fell 530 points and Nasdaq closed down 190 points. The Federal Reserve raised the target range for its benchmark interest rate by 0.25%. Treasury Secretary Janet Yellen said, "regulators aren't looking to provide 'blanket' deposit insurance to stabilize the US banking system.''
Wed, Mar 22, 2023
US market closed higher for the second consecutive day. The Dow climbed 315 points to close at the day's high. Whereas, the Nasdaq jumped 1.5% and the Russell 2000 rose 1.9%. There was good buying in banking stocks, First Republic Bank jumped 30%. Other small banks gained 10%. All eyes on Fed's decision, 88% experts predicted a rate hike of 0.25%.
Tue, Mar 21, 2023
There was a strong rally in the US markets on Monday. In fact, the mood of the US market improved due to the relief rally in bank stocks. The Dow jumped nearly 380 points to close at day's high. Whereas, SGX Nifty gained nearly 50 points. Amazon has announced that it is laying off 9,000 more employees. The Fed's two-day meeting will begin from today. 77% of the experts expect a 0.25% hike in interest rates.
Mon, Mar 20, 2023
Banking giant UBS is buying crisis hit Credit Suisse for almost $3.2 billion, in a deal brokered by the Swiss regulators in an effort to avoid market-shaking turmoil in the global banking system. How are the cues from this news? What are the latest updates on the US banking crisis? Banking crisis not over? Know from Ajay Bagga, Chairman of Elyments Platforms.
UBS agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion). Under the terms of the merger agreement all shareholders of Credit Suisse will receive 1 share in UBS for 22.48 shares in Credit Suisse. Six central banks have announced a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements. The Dow slipped 385 points on Friday and the Russell 2000 fell 2.5%. All eyes on U.S. Fed's policy this week. Billionaire investor Warren Buffett has been having multiple talks with senior officials in President Joe Biden’s administration in recent days as the regional banking crisis unfolds.
Fri, Mar 17, 2023
Due to the return of confidence in bank stocks, there was a great rebound in the US market on Thursday. The Dow jumped 370 points to close at the day's high. While the Nasdaq closed with a gain of about 2.5 per cent for the fourth consecutive day. SGX Nifty gained about 110 points. Russell 2000 jumped 1.5%. Markets remained strong despite the jump in bond yields. Nikkei gained about 140 points. The Hengseng index gained about 250 points. In addition, Eleven of the biggest banks in the country announced a $30 billion rescue package for First Republic Bank. Apple's stock rose 4%. ECB raised rates by 0.5%. European markets rose by 1-2%.
Thu, Mar 16, 2023
US market recovered after Swiss regulator's statement. Dow dropped 280 points. Whereas, the Nasdaq remained flat. However, there was a recovery of 445 points in Dow and 195 points in Nasdaq from the lower level. The Swiss regulator has assured Credit Suisse of providing additional liquidity if necessary. Credit Suisse will take a loan of $ 53.7 billion from Swiss central bank through short term liquidity.
Credit Suisse Group AG’s top shareholder has ruled out providing more financial assistance to the bank. After the Credit Suisse Bank crisis, there was a sharp decline in the markets worldwide. Dow Jones fell by about 500 points. Whereas, the S&P 500 fell by about 1.50%. The Nasdaq declined by about 115 points. Brent slipped below $75 for the first time since December 2021. Credit Suisse's stock fell 28%. As such, the stock of First Republic Bank fell by 15%. European markets fell 2-4%. There has also been a huge decline in the currency market. Watch this special report on India 360.
Wed, Mar 15, 2023
There was a good growth in Dow after the 5 days of decline. The Dow closed up 335 points amid volatility. Whereas, Nasdaq jumped more than 2% due to leadership in IT shares for the second consecutive day. Banking Index jumped 2.2%. Small banking stocks jumped 20-30%. In addition, Moody’s Investors Service revised its outlook on the US banking system to negative from stable. The 2-year bond yield rose 0.25% to 4.3%. The 10-year bond yield reached near 3.7%. Moreover, the US inflation rate was estimated at 6% in February. Today all eyes on the February Price Producer Index, Retail Sales of China, Industrial Output Data.
Tue, Mar 14, 2023
The Dow slipped for the 5th day in a row amid ongoing turmoil in the banking sector. The Russell 2000 index lost 1.6%, the VIX jumped 6%. Nasdaq gained 0.5% from the support of IT stocks. Bank index fell 7%, this is the biggest decline after 2020. Bank stocks lost $185 billion in 3 days. First Republic Bank broke 60% again yesterday. 27% believe the Fed will not raise rates next week. Today all eyes on the inflation data of February, it is estimated to remain at 6%.
Mon, Mar 13, 2023
US market slipped again on Friday over the concerns of the bank bankruptcy. The Dow fell 350 points, whereas, Nasdaq lost 1.75%. Two banks lost $100 billion in 2 days. The Silicon Valley Bank crisis has taken a new turn as US regulators issued a closure order for the bank. US regulators took control of Silicon Valley Bank and Signature Bank. Silicon Valley Bank became the largest US bank to fail since the 2008. Apart from this, a new bank term 'funding program' was announced for banks. The US government assured all the depositors that their money is safe. All customers will be able to access their funds from today. In addition, the pace of adding jobs in the US is strong but there is no increase in salary.
What's happening in America's Silicon Valley Bank and Signature Bank? What will be the effect of bankruptcy of banks on the market? How will the interest rates of the US Fed be affected? Know from Ajay Bagga, Chairman of Elyments Platforms.
Fri, Mar 10, 2023
Heavy beating in bank stocks led to a sharp decline in the US market. The Dow slumped 550 points to a 4-month low. Whereas, the S&P 500 and Nasdaq declined by up to 2%. The S&P 500 bank index fell 6%, the biggest decline in 2 years. Apart from this, VIX of US jumped 18%. JPMorgan, Bank of America, other major banks fell up to 5%. SVB shares crashed 60% after the news of $2 billion funding from SVB Financial. Today, all eyes on the employment data for the February.
Thu, Mar 09, 2023
There are mixed cues from the global markets. The Dow Jones Industrial Average fell 58 points, whereas, Nasdaq Composite was up 46 points. Employment data still remain strong. New jobs in February were 18% more than expected. New private jobs increased to 2.42 lakh in February. Apart from this, the Bank of Canada did not make any change in the interest rates. Moreover, the U.S. dollar index reached at 105.6. Crude oil fell nearly 1% to near $82.
Mon, Mar 06, 2023
There was a big rally in the US market on Friday. The Dow jumped 390 points to close at day's high. Whereas, the S&P 500 rose 1.6% and the Nasdaq climbed 2%. Strong contributions from all sectors led the Russell 2000 to rise 1.3%. The 10-year bond yield is stable below 4%. In addition, concerns about the pace of the Fed's rate hike eased.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.