-
Global Market Quick Take: Asia – March 20, 2023
The futures are indicating a positive open on Monday after UBS agreed to buy Credit Suisse for $3.25 billion in a government-brokered deal that is aimed at containing the spreading confidence crisis. Last week, at a benchmark indices level, we saw the strength of the information technology sector play out in markets and offset the bank sector losses. Mega-cap tech stocks have been somewhat looked at as safe haven play; as a testament to their cash flow strength and customer books. Alphabet rose 12.1% last week, leading big caps higher, with Microsoft up 12.4%, Amazon rose 9.1%, Meta gained 9.0%, and Apple rose 4.4% ... (full story)
- Comments
- Subscribe
-
- Older Stories
From channelnewsasia.com|Mar 19, 2023Currency markets showed some cautious optimism after global authorities moved to stem contagion from a simmering banking crisis, with the safe haven dollar on the back foot and ...
From estateagenttoday.co.uk|Mar 19, 2023|1 commentSome sellers remain optimistic about their price expectations as sales at the top end of the market begin to lag, Rightmove has warned. It comes as the latest Rightmove House ...
From business.nab.com.au|Mar 19, 2023The travails of the US regional banking system and in Europe, Credit Suisse, continued to barrel though global markets on Friday. Thursday’s bounce in European and US equities has ...
-
- Newer Stories
From gov.cn|Mar 20, 2023|1 commentAt the invitation of President Vladimir Putin, I will soon pay a state visit to the Russian Federation. Russia was the first country I visited after I was elected President 10 ...
From bnnbloomberg.ca|Mar 20, 2023Asian economies are in a better position than their developed-world counterparts to absorb shocks from a banking crisis that has roiled global financial markets, according to ...
From think.ing.com|Mar 20, 2023The Fed has announced late Sunday that “to improve the swap lines' effectiveness in providing U.S. dollar funding, the central banks currently offering U.S. dollar operations have ...
- Story Stats
- Posted: Mar 19, 2023 11:44pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 903
