Mon, Feb 26, 2024
Threat of Shutdown again in America? What are the new updates regarding US Presidential Elections? Joe Biden or Donald Trump, who will be the President of America? Can the Russia-Ukraine war be stopped? Know from Ajay Bagga.
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Thu, Feb 22, 2024
What is the update regarding Israel Hamas Conflict? What is the big development in defense sector? Will the US Fed cut rates before June? Is the surge in NVIDIA true or more hype? Know from Ajay Bagga.
Wed, Feb 14, 2024
After the release of the inflation data, bets by traders for a rate reduction in May of at least 25 basis points dropped to 36.1 per cent, from about 58 per cent before the data, while expectations for June stood at 74.3 per cent, the CME FedWatch tool showed.
Tue, Mar 21, 2023
There was a strong rally in the US markets on Monday. In fact, the mood of the US market improved due to the relief rally in bank stocks. The Dow jumped nearly 380 points to close at day's high. Whereas, SGX Nifty gained nearly 50 points. Amazon has announced that it is laying off 9,000 more employees. The Fed's two-day meeting will begin from today. 77% of the experts expect a 0.25% hike in interest rates.
Mon, Mar 20, 2023
Banking giant UBS is buying crisis hit Credit Suisse for almost $3.2 billion, in a deal brokered by the Swiss regulators in an effort to avoid market-shaking turmoil in the global banking system. How are the cues from this news? What are the latest updates on the US banking crisis? Banking crisis not over? Know from Ajay Bagga, Chairman of Elyments Platforms.
UBS agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion). Under the terms of the merger agreement all shareholders of Credit Suisse will receive 1 share in UBS for 22.48 shares in Credit Suisse. Six central banks have announced a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements. The Dow slipped 385 points on Friday and the Russell 2000 fell 2.5%. All eyes on U.S. Fed's policy this week. Billionaire investor Warren Buffett has been having multiple talks with senior officials in President Joe Biden’s administration in recent days as the regional banking crisis unfolds.
Fri, Mar 17, 2023
Due to the return of confidence in bank stocks, there was a great rebound in the US market on Thursday. The Dow jumped 370 points to close at the day's high. While the Nasdaq closed with a gain of about 2.5 per cent for the fourth consecutive day. SGX Nifty gained about 110 points. Russell 2000 jumped 1.5%. Markets remained strong despite the jump in bond yields. Nikkei gained about 140 points. The Hengseng index gained about 250 points. In addition, Eleven of the biggest banks in the country announced a $30 billion rescue package for First Republic Bank. Apple's stock rose 4%. ECB raised rates by 0.5%. European markets rose by 1-2%.
Thu, Mar 16, 2023
The 2-year Bond Yield reached 3.9%. Will the US Fed follow the bond market? Fed to hike interest rates or not? Know from Anil Singhvi.
US market recovered after Swiss regulator's statement. Dow dropped 280 points. Whereas, the Nasdaq remained flat. However, there was a recovery of 445 points in Dow and 195 points in Nasdaq from the lower level. The Swiss regulator has assured Credit Suisse of providing additional liquidity if necessary. Credit Suisse will take a loan of $ 53.7 billion from Swiss central bank through short term liquidity.
Credit Suisse Group AG’s top shareholder has ruled out providing more financial assistance to the bank. After the Credit Suisse Bank crisis, there was a sharp decline in the markets worldwide. Dow Jones fell by about 500 points. Whereas, the S&P 500 fell by about 1.50%. The Nasdaq declined by about 115 points. Brent slipped below $75 for the first time since December 2021. Credit Suisse's stock fell 28%. As such, the stock of First Republic Bank fell by 15%. European markets fell 2-4%. There has also been a huge decline in the currency market. Watch this special report on India 360.
Wed, Mar 15, 2023
There was a good growth in Dow after the 5 days of decline. The Dow closed up 335 points amid volatility. Whereas, Nasdaq jumped more than 2% due to leadership in IT shares for the second consecutive day. Banking Index jumped 2.2%. Small banking stocks jumped 20-30%. In addition, Moody’s Investors Service revised its outlook on the US banking system to negative from stable. The 2-year bond yield rose 0.25% to 4.3%. The 10-year bond yield reached near 3.7%. Moreover, the US inflation rate was estimated at 6% in February. Today all eyes on the February Price Producer Index, Retail Sales of China, Industrial Output Data.
Tue, Mar 14, 2023
The Dow slipped for the 5th day in a row amid ongoing turmoil in the banking sector. The Russell 2000 index lost 1.6%, the VIX jumped 6%. Nasdaq gained 0.5% from the support of IT stocks. Bank index fell 7%, this is the biggest decline after 2020. Bank stocks lost $185 billion in 3 days. First Republic Bank broke 60% again yesterday. 27% believe the Fed will not raise rates next week. Today all eyes on the inflation data of February, it is estimated to remain at 6%.
Mon, Mar 13, 2023
US Fed's mistake cost American banks? What will be the next move of US fed? How much will the interest rates increase, 0.25% or 0.50%? What is there to worry about in the US banking system? Know from Anil Singhvi.
Two US Banks collapsed in 48 hours. Why is Dow futures up? What will be the effect of increase in interest rates on banks? Watch all the details related to Silicon Valley Bank and Signature Bank here.
US market slipped again on Friday over the concerns of the bank bankruptcy. The Dow fell 350 points, whereas, Nasdaq lost 1.75%. Two banks lost $100 billion in 2 days. The Silicon Valley Bank crisis has taken a new turn as US regulators issued a closure order for the bank. US regulators took control of Silicon Valley Bank and Signature Bank. Silicon Valley Bank became the largest US bank to fail since the 2008. Apart from this, a new bank term 'funding program' was announced for banks. The US government assured all the depositors that their money is safe. All customers will be able to access their funds from today. In addition, the pace of adding jobs in the US is strong but there is no increase in salary.
What's happening in America's Silicon Valley Bank and Signature Bank? What will be the effect of bankruptcy of banks on the market? How will the interest rates of the US Fed be affected? Know from Ajay Bagga, Chairman of Elyments Platforms.
Fri, Mar 10, 2023
SVB suffered a loss of about $2 billion, after which SVB's stock fell 60%. Why did SVB suffer huge losses? Why did US bank shares slide? How much fear of US decline in the Asian market? Know from Anil Singhvi.
Heavy beating in bank stocks led to a sharp decline in the US market. The Dow slumped 550 points to a 4-month low. Whereas, the S&P 500 and Nasdaq declined by up to 2%. The S&P 500 bank index fell 6%, the biggest decline in 2 years. Apart from this, VIX of US jumped 18%. JPMorgan, Bank of America, other major banks fell up to 5%. SVB shares crashed 60% after the news of $2 billion funding from SVB Financial. Today, all eyes on the employment data for the February.
Thu, Mar 09, 2023
Why did Anil Singhvi say - American markets will react on data? How will the markets stay till the Fed meeting? How is the action in the dollar index and bond yields? Know in this video.
There are mixed cues from the global markets. The Dow Jones Industrial Average fell 58 points, whereas, Nasdaq Composite was up 46 points. Employment data still remain strong. New jobs in February were 18% more than expected. New private jobs increased to 2.42 lakh in February. Apart from this, the Bank of Canada did not make any change in the interest rates. Moreover, the U.S. dollar index reached at 105.6. Crude oil fell nearly 1% to near $82.
Wed, Mar 08, 2023
How to understand the US Fed Chairman's remark? Why the market is worried about Jerome Powell's stance on recession? Will recession come in US or not? Bottom hasn't been made in US yet? Watch the exclusive conversation of Chairman of Elyments Platforms, Ajay Bagga with Anil Singhvi on Global Events.
JPMorgan warned of recession in US Market ahead. A sudden sharp decline in the US market is possible if there is a recession, said JPMorgan.
What does US Fed Chairman Jerome Powell's statement indicate? Fear of 0.5% hike in interest rates again? How important is March 22 from the market point of view? How much concerns over rising dollar index? What is happening in the US bond market? Know from Anil Singhvi.
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