Markets (Top Stories) Fedilemma Leading up to the Federal Reserve’s March 21-22 monetary policy meeting, traders had been expecting the FOMC to ratchet up its key interest rate by 50 basis points because the economy appeared to be surprisingly robust. … Continue reading
Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 2 (CD2): Price held bid above our stated Line-In-Sand (3950) outlined in prior DTS 3/20/23 briefing, demonstrating a “positive skew”, closing near highs of the day. Prior … Continue reading
Markets (Top Stories) Crisis takeover Another wild weekend has seen regulators attempt to stave off a banking crisis that’s quickly spreading across global markets. In an emergency deal brokered by Swiss authorities, UBS (NYSE:UBS) agreed to scoop up longtime rival Credit Suisse … Continue reading
Markets (Top Stories) “May the sun shine warm upon your face; the rains fall soft upon your fields and until we meet again, may God hold you in the palm of His hand.” Economic Calendar 10:00 Consumer Sentiment 10:00 Leading Indicators 1:00 PM Baker-Hughes Rig … Continue reading
Markets (Top Stories) Credit Suisse’s $54B lifeline Credit Suisse (CS) will borrow as much as 50 billion francs ($54 billion) from the Swiss National Bank liquidity facility. The troubled Swiss bank also announced public tender offers by Credit Suisse International to repurchase … Continue reading
Markets (Top Stories) Record low Credit Suisse (CS) shares plunged 18% premarket to a record low today after the bank’s top shareholder ruled out offering further financial assistance to the lender. Saudi National Bank Chairman Ammar Al Khudairy cited regulatory concerns as … Continue reading
Markets (Top Stories) Inflation in focus Investors await the latest inflation data, which will be released later in the day, for clues on the Federal Reserve’s future monetary policy and progress so far on the disinflation process. February consumer prices are … Continue reading
Markets (Top Stories) Containing SVB mess U.S. regulators have rushed to minimize the impact of the collapse of Silicon Valley Bank, owned by SVB Financial (SIVB), on the wider financial sector, thereby easing market jitters. Depositors of the shuttered bank … Continue reading
Markets NFP PREVIEW is provided by NewSquawk.com PREVIEW: US nonfarm payrolls (Feb’23) to be released on Friday March 10th at 13:30GMT/08:30EST EXPECTATIONS: The consensus looks for 203k nonfarm payrolls to be added to the US economy in February (forecast range: 100-325k), … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Initial Jobless Claims 10:30 EIA Natural Gas Inventory 4:30 PM Fed Balance Sheet https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 3 (CD3): Price range was contained within the Target Master Zones, and developed as a Neutral Range Balancing … Continue reading