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Silicon Valley Bank Failure Triggers Worst Week for US Stock Market

The US stock market experienced its worst week since September. Silicon Valley Bank’s financial troubles sparked concerns about further distress in the banking industry amid the Federal Reserve’s most-aggressive tightening campaign in a generation. Despite reassurances from experts that a systemic financial crisis is unlikely, investors remained anxious, leading to widespread de-risking. The S&P 500Continue Reading

US Equity Market Drops Amid Banking Sector Rout and Economic Data

On Thursday, the US equity market took a turn for the worse as concerns grew over trouble in the banking sector and investors braced for Friday’s payrolls report. Weekly jobless claims, released on Thursday, surpassed expectations and marked the first time claims had risen above 200K since early January. Stronger-than-expected figures in Friday’s monthly jobsContinue Reading

Notification of Server Upgrade – March 09, 2023

Dear Client, As part of our commitment to provide the most reliable service to our clients, there will be server maintenance this weekend. Maintenance Hours : 12th of March 2023 (Sunday) : 08:00 – 15:00 (GMT+3) Please note that the following aspects might be affected during the maintenance: 1. The price quote feature on theContinue Reading

Weekly Dividend Adjustment Notice – March 09, 2023

Dear Client, Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”. Please refer to the table below for moreContinue Reading

US Equity Markets Volatile Despite Fed Reassurances, Jobs Data Awaited on Friday

On Wednesday, the US equity market experienced volatility despite the reassurance from Fed chief Jerome Powell that the central bank is not seeking to cause a recession and that no decision has been made on the size of a rate increase in March. Powell’s testimony to American lawmakers increased bets that the Federal Reserve willContinue Reading

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