Global market today: Amid new wave of bank crisis in US, key benchmark indices on Wall Street ended lower on Thursday. PacWest Bancorp stock price tumbled to the tune of 51 per cent after the bank confirmed it was exploring strategic options, including a sale. This new wave of banking woes in the US aided the soaring gold and silver rates as both precious metals climbed to a new peak on Thursday.
Global market today: Amid new wave of bank crisis in US, key benchmark indices on Wall Street ended lower on Thursday. PacWest Bancorp stock price tumbled to the tune of 51 per cent after the bank confirmed it was exploring strategic options, including a sale. This new wave of banking woes in the US aided the soaring gold and silver rates as both precious metals climbed to a new peak on Thursday.
However, US dollar once again bounced back from its one month lows as Dollar Index regained 101 level on Thursday. SGX Nifty today opened lower and attracted buying interest in the opening bell of Asian stock market today. However, it failed to sustain its morning gains and started coming lower after the profit booking trigger.
However, US dollar once again bounced back from its one month lows as Dollar Index regained 101 level on Thursday. SGX Nifty today opened lower and attracted buying interest in the opening bell of Asian stock market today. However, it failed to sustain its morning gains and started coming lower after the profit booking trigger.
US stock market
Due to fresh row of bank crisis in the US, all key benchmark indices of the US stock market finished lower on Thursday. Dow Jones lost 0.86 per cent, S&P 500 index corrected 0.72 per cent whereas tech heavy weight Nasdaq went off 0.49 per cent.
US stock market
Due to fresh row of bank crisis in the US, all key benchmark indices of the US stock market finished lower on Thursday. Dow Jones lost 0.86 per cent, S&P 500 index corrected 0.72 per cent whereas tech heavy weight Nasdaq went off 0.49 per cent.
“Regional banks and tightening credit conditions are weighing on the market as investors try to recalibrate on where we are in terms of credit cycles and bank lending standards, and when a potential recession may hit,” said Zhe Shen, Managing Director — diversifying strategies at TIFF Investment Management.
“Regional banks and tightening credit conditions are weighing on the market as investors try to recalibrate on where we are in terms of credit cycles and bank lending standards, and when a potential recession may hit,” said Zhe Shen, Managing Director — diversifying strategies at TIFF Investment Management.
PacWest share price
A new wave of bank crisis in US erupted on Thursday after PacWest Bancorp accepted that it was exploring strategic options, including a sale. This led to sharp decline on PacWest Bancorp stocks. PacWest share price tumbled to the tune of 51 per cent, which triggered sell off in both small and big US banks like JPMorgan Chase, Wells Fargo & Co., etc. Western Alliance Bancorporation stock price crashed 38.45 per cent.
PacWest share price
A new wave of bank crisis in US erupted on Thursday after PacWest Bancorp accepted that it was exploring strategic options, including a sale. This led to sharp decline on PacWest Bancorp stocks. PacWest share price tumbled to the tune of 51 per cent, which triggered sell off in both small and big US banks like JPMorgan Chase, Wells Fargo & Co., etc. Western Alliance Bancorporation stock price crashed 38.45 per cent.
US dollar
US dollar witnessed some bottom fishing as the American currency bounced back once again from its one month low and Dollar Index regained the psychological 101 levels. However, US dollar is again under pressure in early morning deals on Friday as it is down 0.18 per cent to 101.020 levels.
US dollar
US dollar witnessed some bottom fishing as the American currency bounced back once again from its one month low and Dollar Index regained the psychological 101 levels. However, US dollar is again under pressure in early morning deals on Friday as it is down 0.18 per cent to 101.020 levels.
Signaling muted opening with high volatility on Dalal Street indices, SGX Nifty today opened lower and went on to hit intraday low of 18,205 but not before…
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