The two-year Treasury yield — the most sensitive to policy moves — climbed six basis points, adding to Tuesday's 27-point rise, while the 10-year rate dipped four basis points. Contracts on the S&P 500 and Nasdaq 100 fluctuated before turning lower even as a rebound in regional banks continued in premarket trading. A gauge of dollar strength edged higher after four days of declines.
Swaps pricing is back to positioning for the Fed to lift rates by a quarter percentage point next week after the odds of an increase had slipped to nearly 50-50 on Monday. The closely-watched core consumer price index increased 0.5 per cent in February, slightly ahead of the median estimate of 0.4 per cent and enough to keep pressure on policy makers.
Traders were also digesting a slew of economic data from China, where retail sales rose as much as estimated while factory output was fractionally lower than projected. The People's Bank of China added more liquidity than expected while holding a key lending rate unchanged. Rising housing sales provided one clearly positive signal, reflected in a rally in a mainland property index.
Remarks from ratings companies on the financial sector underscored that sentiment is likely to remain fragile after the biggest American bank failures since the financial crisis.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Credit Suisse flags ‘material weaknesses’ in its internal controls over financial reportingCredit Suisse said it had not yet stemmed customer outflows as it released its delayed annual report on Tuesday This is a Little Concerning
Source: globeandmail - 🏆 5. / 92 Read more »
Money Monday: Five Steps to Keeping Your Credit Card Debt LowWith the cost of living so high, how can you avoid overusing your credit. Giving us five steps to keeping your credit low is Janet Gray, a Personal Finance Expert and Planner.
Source: ctvottawa - 🏆 29. / 67 Read more »
Child dead after overnight fire in camping trailer on Mississaugas of the Credit First NationA child is dead after an overnight fire at a camping trailer on Mississaugas of the Credit First Nation. How much whisky did the lndian parents consume ? How many more children have to die before stubborn Indigenous leaders accept help?
Source: CP24 - 🏆 30. / 67 Read more »
N.S. couple seeks more clarity around fertility and surrogacy tax credit | CBC NewsA Nova Scotia couple are waiting to start an application to claim back some of the costs of the treatment through the province's Fertility and Surrogacy Tax Credit. Sir in my family there are 7 members mother, father old age with their medicine it is impossible to run the family. I owe a lot of money and now I am bankrupt. Please give me a work visa so that I and my family can live. Why are taxpayers responsible for these costs?
Source: CBCNews - 🏆 2. / 99 Read more »
Stocks steady as investors bet SVB collapse will force Fed to halt hikesTraders bet the collapse of SVB will compel the Federal Reserve to halt interest rate hikes. Read more
Source: nationalpost - 🏆 10. / 80 Read more »
Stocks steady as investors bet SVB collapse will force Fed to halt hikesTraders bet the collapse of SVB will compel the Federal Reserve to halt interest rate hikes. Read more The mention of pause or pivot.... will make markets take off What's with American banks? They open and shut down like pizza places!!! Wouldn't want to live there if you can't trust the freaking banks
Source: financialpost - 🏆 7. / 85 Read more »