Markets consolidate Credit Suisse-infused fears as global policymakers rush to placate fears of financial crisis.
The risk profile improves a bit, stabilizing after the previous day’s heavy risk-off mood, as global policymakers rush to placate the Credit Suisse-linked financial market fears. While portraying the mood, the S&P 500 Futures rise half a percent to reverse the previous day’s losses around 3,940 whereas the US 10-year Treasury bond yields stabilize around 3.49% after falling the most in four months on Wednesday. That said, the two-year Treasury bond coupons also pause the further downside around 3.96%, after falling to the lowest levels since September 2022.
To tame the risk aversion, the Swiss National Bank stepped forward while anonymous sources conveyed to Reuters that the US banks are less vulnerable to the Credit Suisse debacle. On the same line, the Bank of England also held emergency talks. Furthermore, market chatters suggesting no immediate negative reaction by the Federal Reserve and ECB, during their monetary policy meetings, also seem to tame the previous risk aversion.
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.
Dow futures fall 500 points as Credit Suisse slide adds to financial sector woes: Live updatesPressure on the financial sector grew with shares of Credit Suisse, a Swiss Bank with large U.S. operations, tumbling more than 20%. Me looking at my buy orders I put in when the market looked to stabilize yesterday. FOR CRYING OUT LOUD ASK COTTON ABOUT TRUMP REGS ROLLBACK 2018!!! Well, now beg european govts to rescue credit Suisse so your stock market profits don't disappear
Source: CNBC - 🏆 12. / 72 Read more »
S&P 500 Index: Breach of key supports warns a test of 3730 – Credit SuisseS&P 500 has now seen a break below key support at 3940/27 to warn of a more important turn lower. Weekly close below 3730 to reexpose 3505/3492 “S&P 5
Source: FXStreetNews - 🏆 14. / 72 Read more »
Dow opens down 500 points as Credit Suisse reignites bank woesU.S. stocks opened sharply lower on Wednesday, wiping out all of the prior session’s gains as a punishing selloff in Credit Suisse stock reignited anxieties about the banking sector. The Dow Jones Industrial Average shed 514 points, or 1.6%, to 31,634: '16 banks collapsed during the previous regime. Remember 'red tape' cutting THEATER' This is concerning news for the markets. Keeping an eye on developments.
Source: MarketWatch - 🏆 3. / 97 Read more »
S&P 500 plummets as sentiment deteriorates amidst banking contagion fears, Credit Suisse falls 24%Wall Street collapsed as the banking crisis deepened, with Credit Suisse’s (CS) stock plunged 24% in the day amidst comments from its largest sharehol
Source: FXStreetNews - 🏆 14. / 72 Read more »
Stock Market Today: Dow Futures Drop 600 Points, Credit Suisse Stock Price Down 25%The Dow dropped more than 500 points as banking fears increased and Credit Suisse shares tumbled. Treasury yields fell sharply. Probably good for inflation. “Edna! Get my broker on the line! We’re putting everything in Gold! We’re circling the drain! And bring the Maker’s Mark with you!”
Source: WSJ - 🏆 98. / 63 Read more »