Online Trading News Page 30

Wall Street rallied on Monday after reports of the buyout of Credit Suisse eased fears about global banking stability.

Six top central banks announced a “coordinated action” on Sunday to increase the U.S. dollar liquidity in the global market.

The Japanese yen strengthened after a sharp decline earlier in Asia as central banks took joint action to manage the banking crisis.

All major Wall Street indexes rallied Thursday after First Republic Bank reported an agreement with large banks about liquidity aid.

U.S. banks are taking out a record amount of emergency liquidity from the Federal Reserve following recent bank failures.

Jeremy Hunt has assured that the U.K. will avoid a "technical recession" this year, citing data from the Office for Budget Responsibility.

Wall Street ended mixed on Wednesday as troubles at Switzerland’s Credit Suisse reignited fears of volatility in the banking sector.

All major indexes on Wall Street rallied on Tuesday after new inflation data heightened expectations of a modest interest rate increase.

The greenback traded flat on Tuesday following favorable inflation data and receding fears of volatility in the banking sector.

The U.S. stock market ended mixed on Monday following the shutdown of Silicon Valley Bank, which is expected to affect the whole sector.

President Joe Biden assured that the U.S. banking system was "safe" after the shutdown of Silicon Valley Bank and Signature Bank.

Financial regulators announced the shutdown of New York-based Signature Bank only two days after Silicon Valley Bank's failure.

While there won't be a bailout for the failed SVB, the government will continue assisting depositors, said U.S. Treasury Secretary.

Finvasia Group's Forex and CFD brokerage, Fxview, has received full authorisation from the South African regulator, the FSCA.

All three major indexes on Wall Street plummeted on Thursday as numerous U.S. banking firms saw drops in their stock prices.

Crypto's total market capitalization was down by over six percent to $942 billion in the wake of Silvergate Bank's collapse.

Global shares mostly traded lower on Wednesday before the publication of the U.S. job report, which analysts said could create headwinds.

Silvergate Bank will shut down its operations and liquidate its assets due to volatility in the crypto market, its parent company has said.

Federal Reserve chair Jerome Powell warned on Tuesday that interest rates are "likely to be higher" than estimates.