⚠️BREAKING: *S&P 500 JUMPS AS BANKS REBOUND ON UBS-CREDIT SUISSE DEAL
A climb in U.S. TreasuryAt the conclusion of its two-day meeting Wednesday, the Fed is expected to hike rates by 0.25%, but much uncertainty remains about the path forward for further hikes in the wake of the turmoil in the banking sector.of traders expect a rate hike, but Goldman Sachs said it expected a pause at the March meeting this week “because of stress in the banking system.”
Energy stocks were also in the ascendency shrugging off a wobble in energy prices amid ongoing jitters that the banking crisis could hurt global growth and energy demand.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P 500 Futures, Treasury bond yields rebound on central bank support, UBS-Credit Suisse dealS&P 500 Futures, Treasury bond yields rebound on central bank support, UBS-Credit Suisse deal – by anilpanchal7 SP500 Futures YieldCurve RiskAversion CentralBanks
Read more »
S&P 500, Dow open higher as banking jitters ease after UBS-Credit Suisse dealThe Dow Jones Industrial Average opened higher on Monday after UBS Group agreed to buy its beleaguered Swiss peer, Credit Suisse, in a deal aided by Swiss authorities. The Dow advanced 90 points, or 0.3%, to 31,952:
Read more »
Musk responds to $100B credit line in $2B UBS-Credit Suisse deal: 'Wow'Twitter CEO Elon Musk responded to the news that UBS would get a $100 billion credit line in the buyout of Credit Suisse for $2 billion, with one word: wow.
Read more »
Central banks try to calm markets after UBS deal to buy Credit SuisseUBS will pay more than $3 billion for Credit Suisse and assume up to $5.4 billion in losses, while the Fed, ECB and other central banks issued statements to reassure markets walloped by a banking crisis that started with the collapse of two regional U.S. banks.
Read more »
UBS to take over Credit Suisse, central banks act on liquidity By Reuters*UBS TO TAKE OVER CREDIT SUISSE, CENTRAL BANKS ACT ON LIQUIDITY IN HISTORIC WEEKEND
Read more »
UBS Nears Deal to Take Over Credit SuisseUBS Group AG is nearing a deal to take over Credit Suisse Group AG, part of an urgent effort engineered by Swiss and global authorities to restore trust in the banking system.
Read more »