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Silicon Valley Bank’s Collapse impact on Philippines Forex Market
Impact of Silicon Valley Bank’s Collapse on the Philippines According to the governor of Bangko Sentral ng Pilipinas (BSP), Felipe Medalla, Philippine banks have not disclosed any exposure to the recent downfall of Silicon Valley Bank. The primary assets of these banks’ foreign currency deposit units consist of loans, Philippine dollar bonds, and sovereign bondsContinue Reading
Written on March 15, 2023 at 2:29 am
Categories: Blog
US Stocks Surge as Banking Turmoil Fades, Gold and Cable Under Pressure
US stocks surged in the closing hours of trading on Tuesday, with traders confident that the worst of the banking turmoil was over. The KBW Bank Index gained 3.2% but remained fragile, with rating companies offering negative remarks on the financial sector. The S&P500 regained much of the ground lost earlier in the day, withContinue Reading
Written on March 15, 2023 at 1:40 am
Categories: Today's Analysis
Fluctuations in US Stock Market Due to Treasury Yield Drop and Tech Stocks Rebound
The US stock market experienced fluctuations on Monday, marked by oscillations between gains and losses. A sudden drop in the yield on the two-year Treasury note was one of the reasons for this. The drop was significant, its largest in decades. On the other hand, tech stocks rebounded from a previous week’s dip after SiliconContinue Reading
Written on March 14, 2023 at 3:09 am
Categories: Today's Analysis
Week Ahead: Markets to focus on US CPI, PPI and ECB Rate Statement
This week, market participants are closely monitoring the release of key economic indicators in the US, including the Consumer Price Index, Producer Price Index, and Retail Sales. The Rate Statement from the European Central Bank is also expected to draw significant attention. These highly anticipated releases have the potential to cause significant fluctuations in theContinue Reading
Written on March 13, 2023 at 4:28 am
Categories: Today's Analysis
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
Written on March 13, 2023 at 3:01 am
Categories: Today's Analysis
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