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Global Market Quick Take: Asia – March 14, 2023
After the sweeping failure of regional lenders, including Silicon Valley Bank, and ahead of the all-important US inflation read, tech stocks edged cautiously ahead, while bond yields fell - as SVB’s collapse severely complicated the Fed's rate path. Meanwhile, the NY Fed probability of a recession index, climbed to its highest level since the GFC, while the Volatility index hit its highest level since October last year. As such we remain cautious. The swaps market is now showing a less than 1-in-2 chance probability the FOMC can continue to hike rates, while also showing a probability of several rate cuts this ... (full story)
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- Posted: Mar 14, 2023 12:32am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 1,181
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