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13

Mar 2023
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 …

10

Mar 2023
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 …

9

Mar 2023
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 …

8

Mar 2023
Powell’s Hawkish Remarks Spark Wall Street Sell-Off and Recession Concerns

Jerome Powell’s hawkish rhetoric triggered a surge in Federal Reserve rate expectations, sparking concerns of a potential recession and causing a sell-off in the riskier segments of the market, resulting in Wall Street experiencing a reality check. During a Senate …

7

Mar 2023
US Stock Market Struggles Amid Economic Risks and Key Events

The US stock market struggled to make gains due to concerns that a recent surge in prices may be overblown, given ongoing economic risks. The fate of the 2023 stock market recovery hinges on four major events before the Federal …

6

Mar 2023
Week ahead: Focus on RBA, BOJ, and BOC rate statements and US Employment Change

Major central banks are setting the stage for global markets this week, as key economies such as Japan and Australia will announce changes to their benchmark interest rates. The markets will also closely observe the US and Canada Employment Change. …

6

Mar 2023
US Stocks Rebound, Bond Yields Up, Gold Surges on Weaker Dollar

US stocks managed to snap a three-week losing streak following Friday’s rally. Market sentiment remained upbeat despite a report showing resilience in the service sector, as more investors wagered the impact of the Fed’s hikes on the economy would be …

3

Mar 2023
US stocks rebound as Fed hints at possible rate pause

US stocks rebounded on Thursday, ending a two-day losing streak, following Federal Reserve Bank of Atlanta President Raphael Bostic’s announcement that the central bank may pause rate hikes this summer. US Treasury bond yields had earlier risen to multi-month highs …

2

Mar 2023
US Stocks Slide on Persistent Inflation Concerns and Hawkish Fed Tone

US stocks declined lower on Wednesday, witnessing some selling pressure, and dropped for a second straight session after economic data highlighted persistent inflationary pressures and Federal Reserve officials continued to sound hawkish. Data released in the US showed ISM Manufacturing …

1

Mar 2023
Rising Rates Push Stocks Down in February

The Dow fell Tuesday, wrapping up February with a monthly loss as surging rates battered stocks after a string of data pointing to underlying strength in the economy forced investors to price in higher for longer Federal Reserve interest rates. …

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