Swisscentric crisis sees Swiss franc lose favour Investors shelter elsewhere, boosting gold, yen, bonds Swissie risk concentrated in Swiss economy analyst Swiss franc39;s days as investment refuge are not over But currency is not an 39;allweather39; haven strategist LONDON, March 24 Reuters The Swiss franc hasn39;t lived up to its safehaven reputation during the Credit […]

PREVIOUS TRADING DAY EVENTS 23 March 2023 Announcements   The Swiss National Bank tightens monetary policy further and raises the SNB policy rate to 1.5 in line with expectations. It announced that there might be additional future rises if necessary in order to ensure price stability over the medium term. Source httpswww.snb.ch The MPC increased the […]

Banks fall as fears of a banking crisis spike Energy down tracking lower oil prices UK Feb retail sales rise unexpectedly FTSE 100 down 1.4, FTSE 250 off 1.0 March 24 Reuters London stocks fell on Friday, dragged by energy shares that tracked oil prices lower, while banks extended declines at the end of a […]

LONDON, March 24 Reuters The euro fell sharply against a strengthening dollar on Friday amid nervousness over banks, with betterthan expected economic data failing to lift sentiment. Flash Purchasing Managers39; Index PMI data failed to lift the single currency as sentiment in markets were fragile with European banks falling 5.3. SP Global39;s flash Composite Purchasing Managers39; […]

MUMBAI, March 24 Reuters The Indian rupee reversed course to fall on Friday, erasing its weekly gains, as risk sentiment worsened on worries over the health of the financial sector in the United States and Europe. The rupee closed at 82.48 per dollar, as compared with Thursday39;s close of 82.2625. The Indian currency was eyeing […]

March 23 Reuters Banking shares dropped in Europe on Thursday as the instability that rippled through the global banking system this month is prompting investors to adjust to more challenging economic and lending conditions ahead. The Federal Reserve on Wednesday indicated it was on the verge of pausing further increases in borrowing costs after the collapse of […]

WASHINGTON, March 22 Reuters The dollar slid on Wednesday after the U.S. Federal Reserve raised its key rate by a quarter of a percentage point, as widely expected, and pointed to just one more rate hike this year. The Fed projected at least one additional interest rate increase of 25 basis points by the end […]