Eurozone: Bond yields hit record levels
Yields on government bonds in the Eurozone hit a record high on Mar 1st, as investors worry about inflation in the region.
German two-year government bonds saw yields rise to their highest since October 2008 at 3.212%, while the 10-year benchmark yield peaked at 2.723%, the highest since July 2011. This came as inflation data from German regions showed prices increasing in North-Rhine Westphalia and Bavaria, with Baden-Wurttemberg's inflation rate climbing to 8.7%.
Additionally, the Italian two-year government bond yield rose to its highest since August 2012, at 3.753%. The country's 10-year government bond yield was at 4.544%, close to a two-month high of 4.575%. The rising yields reflects investor expectations that the European Central Bank will raise interest rates, as data suggests an increase in inflation in the eurozone.
Eurozone: Bond yields hit record levels
Credit Suisse Shares Recover 30% after Securing $54bln Loan
The recent announcement by Credit Suisse to borrow up to $54 billion from the Swiss central bank has led to a remarkable growth in the share price of the Swiss bank. The shares which had reached a record low in the previous trading session, recovered by more than 30% following the announcement.
The recent announcement by Credit Suisse to borrow up to $54 billion from the Swiss central bank has led to a remarkable growth in the share price of the Swiss bank. The shares which had reached a record low in the previous trading session, recovered by more than 30% following the announcement.
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Due to the Silicon Valley Bank incident, market capitalization of Global Financial Stocks declines by $465bln
Global financial stocks have suffered a massive blow with over $465 billion lost in just three days following the fall of Silicon Valley Bank (SVB).
Global financial stocks have suffered a massive blow with over $465 billion lost in just three days following the fall of Silicon Valley Bank (SVB).
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US: Series of defaulted Bonds were mortgaged by Real Estate
The real estate market, both in the United States and Europe, is experiencing a crisis due to many defaults in the office rental and mortgage lending markets.
The real estate market, both in the United States and Europe, is experiencing a crisis due to many defaults in the office rental and mortgage lending markets.
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Bank Stocks lead the Decline
The US stock market took a hit after the Federal Reserve Chairman, Jerome Powell, suggested that interest rates may need to stay high for longer. This led investors to fear more rate hikes would cause a recession, and bank stocks led the decline as a result.
The US stock market took a hit after the Federal Reserve Chairman, Jerome Powell, suggested that interest rates may need to stay high for longer. This led investors to fear more rate hikes would cause a recession, and bank stocks led the decline as a result.
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Chinese Firms flock to Switzerland for Fundraising
Swiss capital is becoming a popular choice among Chinese companies for raising funds.
Swiss capital is becoming a popular choice among Chinese companies for raising funds.
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Hong Kong legalises Cryptocurrency from Jun 1
Hong Kong citizens will be allowed to buy, sell and trade crypto assets from June 1.
Hong Kong citizens will be allowed to buy, sell and trade crypto assets from June 1.
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South Korea attracts Foreign Money flows into the stock market
South Korea will announce a series of measures in the coming months to open up its domestic financial markets including a plan to extend trading hours in the foreign exchange market and allow foreign investors to enter the market.
South Korea will announce a series of measures in the coming months to open up its domestic financial markets including a plan to extend trading hours in the foreign exchange market and allow foreign investors to enter the market.
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IMF warns of Real Estate risks in Sweden
The housing market as well as commercial real estate in Sweden has come into the spotlight as home prices have fallen over the past nine months and real estate companies are facing a capital tightening as the volume of large bonds coming to maturity.
The housing market as well as commercial real estate in Sweden has come into the spotlight as home prices have fallen over the past nine months and real estate companies are facing a capital tightening as the volume of large bonds coming to maturity.
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The 'Buy Now, Pay Later' industry is facing crisis
The “Buy now, pay later” industry is struggling in the face of high interest rates and increasing competition.
The “Buy now, pay later” industry is struggling in the face of high interest rates and increasing competition.
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