Developments that are swayed by risk trends, nervous even at the end of the month
“The worst of the financial instability seems to have passed for the time being.” It was reported that US Silicon Valley Bank was acquired by US regional bank First Citizens Bank and all deposits were taken over. Earlier this week, it was announced that Credit Suisse would be acquired by UBS. However, Deutsche Bank shares […]
Pay attention to trends related to US and European financial institutions, stock prices, CDS, etc.
Sources reported that over the weekend, the US authorities were considering additional bank support policies, such as expanding emergency lending facilities for banks. It will be interesting to see if these actions, which seem to have the First Republic Bank in mind, lead to a similar trend of risk caution and retreat on Friday. Deutsche […]
The fight against inflation and the financial instability in Europe: Which will dominate the euro market?
The euro is declining in the London market today. The ECB raised interest rates by 50 basis points at its meeting last week, impressing the market that it is prioritizing containment of inflation. Today, German Federal Reserve Bank President Nagel said, “The fight against inflation is not over yet,” “We need to raise the […]
Yesterday’s US FOMC strengthened the dollar-selling trend, today’s Bank of England policy interest rate, etc.
At yesterday’s US FOMC meeting, a 25bp rate hike was announced, as was widely expected. After four 75bp rate hikes in a row, the pace has slowed down to 50bp hikes and now 25bp hikes. Headline inflation is clearly on a slowdown, but the level still requires continued interest rate hikes. It is also […]
Market interest is gathering in the US FOMC, what is the outlook for the future?
The results of the US FOMC meeting will be announced today. Along with the extent of the rate hike, the economic outlook and interest rate outlook will be announced, and Fed Chairman Jerome Powell’s conference will be held. Amidst the urgent need to deal with inflation, financial instability problems have arisen in the United […]
UBS agrees on “emergency bailout” of Credit Suisse to acquire Credit Suisse for approximately 420 billion yen
Swiss bank UBS has agreed to rescue its struggling domestic rival Credit Suisse. Negotiations aimed at avoiding the bankruptcy of Credit Suisse were completed with the support of the Swiss government. UBS, Credit Suisse and Swiss financial regulators held emergency talks over the weekend about rescuing Credit Suisse. Later, UBS announced that it had agreed […]
Fed’s new lending program could supply up to $2 trillion to the market
Market watchers are keen to probe the size of the additional money that will eventually be injected into the financial system through the Federal Reserve’s newly launched Bank Term Funding Program (BTFP). I’m watching. Analysts at JPMorgan Chase & Co. estimate it could provide up to $2 trillion in liquidity. JPMorgan’s estimate is based on […]
A week swayed by financial instability, the impact on next week’s US FOMC
The topic of financial instability swung around this week. Recently, with the announcement of measures to deal with bankrupt banks and banks whose stock prices have plummeted, the movement to be cautious about risks has come to a halt for the time being. However, there is no guarantee that such a situation will not occur […]
What about the ECB Governing Council raising interest rates by 50bp at the timing of financial instability?
Today’s announcement of the results of the ECB Governing Council has attracted more attention than usual. Deep-rooted inflation is observed in Europe, and measures to curb inflation are urgently needed. The hawkish members’ calls for a 75 basis point hike were quelled by Lagarde’s message of a series of 50 basis point hikes. However, the […]
Credit Suisse stock updated to lowest price, largest shareholder “additional investment not possible”
Shares of Swiss financial giant Credit Suisse (CS) plummeted 26% to new all-time lows on Thursday. The material is that the Saudi National Bank (SNB), the largest shareholder, said that it could not make an additional investment. CS has been plagued with scandals, and management concerns have been whispered for some time. The company […]