Euro Week Ahead Forecast: Will ECB Hawks Gain the Upper Hand on Rate Hikes?
The ECB is expected to hike rates by 50 basis points next Thursday and indicate that they will continue to hike aggressively to press down on inflation.
Argentina Swaps 21.7B in Domestic Debt, Dimming Default Risk
BUENOS AIRES, March 9 Reuters Argentina has swapped 4.34 trillion pesos 21.66 billion in domestic debt, amounting to around 64 of loans due to mature through June and helping to ease nearterm fears of a debt default as the economy falters under pressure from a devastating drought. The swap exchanges old debt for new bonds […]
Silicon Valley Bank Slams Global Shares, US Payrolls Loom
Crude oil eases on growth concerns Silicon Valley Bank woes hit banks globally U.S. nonfarm payrolls before opening bell on Wall St U.S. inflation data looms LONDON, March 10 Reuters Global shares hit a twomonth low on Friday as investors dumped banks on fears of contagion after a capital raising at Silicon Valley Bank, with […]
Oil Prices Set for 5 Weekly Drop on U.S. Rate Hike Jitters
Brent, WTI down more than 5 this week All eyes on U.S. jobs report due on Friday U.S. rate hike worries dominate market mood LONDON, March 10 Reuters Oil fell for a fourth session on Friday, heading for its biggest weekly loss in five weeks on worries about the prospect of steep interest rate hikes […]
Credit Suisse Shares Hit new AllTime Low as Banks Hit by U.S. Fallout
ZURICH, March 10 Reuters Credit Suisse shares hit a new alltime low in early trading on Friday as the European banking sector suffered the fallout from a sharp selloff in U.S. financial stocks. The embattled bank39;s stock fell to 2.463 Swiss francs on the Swiss Market Index amid the selloff. Rival UBS was down 4.7 as European […]
Gold Prices Soar as US Bank Sector Woes Sink Bond Yields, Eyes on NFPs Next
Gold prices gained on Thursday as US bank sector woes ate into Federal Reserve rate hike expectations, sinking Treasury yields. Ahead, XAU/USD turns to the non-farm payrolls report.
Dow Jones, S&P 500 Plunge as SVB Financial and Silvergate Bank Drive Financial Woes
The Dow Jones, S&P 500 and Nasdaq 100 plunged on Thursday as SVB Financial Group and Silvergate Bank drove risk aversion in the financial sector. Asia markets are bracing.
Does sustainable investing have a future in the U.S. market? Part 1
Over the past year, ESG investing has been much maligned and misunderstood by politicians and the media.
Shocks and aftershocks: BI’s top ESG predictions
ESG is fundamentally reshaping capital markets. A rough 2022 — political backlash, slowing investments and energy security concerns with the Russia-Ukraine war — only sharpened ESG investing.
Canada Posts Jan Trade Surplus of C1.9B on Export Gains
OTTAWA, March 8 Reuters Canada recorded an unexpected trade surplus of C1.9 billion 1.38 billion in January, driven by broadbased gains in exports, while imports posted a smaller increase led by motor vehicles and parts, Statistics Canada data showed on Wednesday. Analysts had forecast a trade deficit of C60 million in January. Statscan also revised […]