DNBC Global Markets, Port Louis (2026)

31/03/2023

𝗠𝗔𝗥𝗞𝗘𝗧 𝗡𝗘𝗪𝗦 |
👉 :
closed in green driven by the tech sector's strong performance, while regional bank shares tumbled due to the Biden administration's proposal to increase regulation. S&P 500 technology index surged 1.1%, with the Philadelphia semiconductor index reaching its highest level in almost a year, amid optimism that a recent downturn in chip sales has come to an end. Conversely, the KBW regional bank index dropped 2%, and S&P 500 financial index fell 0.3%. Dow Jones rose 0.43%, S&P 500 0.57% and Nasdaq 0.73%. gained, following Wall Street’s trend. Equities in Japan, South Korea and Australia rose. Futures for Hong Kong's benchmark also increased, indicating a potential second consecutive quarterly gain.

remained stable as increased jobless claims data strengthened expectations of a Fed rate slowdown. Dow Jones Futures and Nasdaq 100 Futures dropped 0.1%, while S&P 500 Futures traded flat. On Friday, investors will be keeping an eye on the Core PCE Price Index, Chicago PMI and Michigan consumer sentiment and expectations. Speeches from FOMC member Williams and Fed governor Cook will also be watched.

👉 :
increased over 1% due to lower U.S crude stockpiles and an export suspension from the Kurdistan region of Iraq, outweighing the impact of a Russian supply cut that was less than anticipated. U.S crude ended 1.92% higher at $74.37, while Brent settled at $79.27, equivalent to 1.25% rise.

steadied, hovering around the crucial $2,000 level despite experiencing volatility throughout the week. The ongoing concerns of a potential banking crisis have boosted demand for the safe-haven asset, positioning gold for a strong quarterly performance. Spot gold and gold futures both rose 0.1% to $1,981.59 and $1,998.95, respectively. Metal markets were largely muted. Meanwhile, copper prices fell due to mixed China’s economic data.

👉 :
weakened, hitting a one-week low against the euro as upbeat German inflation data boosted the common currency. The dollar index fell 0.477%, while the gained 0.57% to reach $1.0905. also gained $1.239 in last trading, up 0.64% on the day. Elsewhere, the Japanese strengthened 0.19% to 132.61 per dollar.

👉 :
Cryptos were relatively unchanged, with Bitcoin seemingly stagnant at $28,303 and waiting for major economic news to dictate its next move due to low liquidity. Ethereum added 1.6% to $1,813.

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30/03/2023

𝗠𝗔𝗥𝗞𝗘𝗧 𝗡𝗘𝗪𝗦 |
👉 :
strongly rebounded more than 1% after Micron Technology and other companies brought positive outlooks for 2025 which helped alleviate concerns about the economy's health. Dow Jones gained 1%, S&P 500 1.42% and Nasdaq 1.79%, all owing to Micron shares and Lululemon Athletica lifting up 7.2% and 12.7% which also boosted the PHLX semiconductor index. The CBOE Volatility Index dropped to the lowest level since 8 March. Investors are now waiting for two news: more developments of the banking turmoil and Friday's Personal Consumption Expenditures data to get a better understanding of inflation. were expected to rise after optimism in Wall Street, leading U.S tech shares to enter a bull market due to hopes that rates will peak soon and banking issues will continue to ease. Australian stocks and Hong Kong futures rose, while the Japanese market opened weaker.

were down slightly as financial and technology companies gained momentum with recovering risk sentiment. Dow Jones Futures and Nasdaq 100 Futures both dropped 0.1%, while S&P 500 Futures remained flat. Investors will be closely watching for the release of new GDP and jobless claims data, along with speeches from the FOMC's Barkin and the Fed's Yellen.

👉 :
were muted as investors awaited China’s key business activity data due Friday to get more clues about the world's largest crude importer, notably assessing the state of economic recovery three months into a post-COVID reopening. However, signs of tightening supplies still pushed crude prices higher for the week, after Russia cut 300,000 bpd in the first three weeks of March followed by Kremlin. Brent oil futures were unchanged at $77.42, while WTI crude futures lost 0.1% to $72.86 a barrel.

fell for a second consecutive day due to reduced demand for safe-haven assets and a stronger dollar, as investors were betting that the Fed will continue to raise rates. Spot gold dropped 0.3% to $1,959.12 while gold futures fell 0.4% to $1,976.45. Other metals, including platinum and silver, also declined. Copper futures lost 0.4% to $4.0682 in anticipation of China's business activity data release on Friday.

👉 :
gained ground as easing of concerns regarding the banking sector improved risk sentiment and made investors focus back on the Fed's fight against inflation. The dollar index rose 0.097% to 102.73, though being said to decline 2% for March. The slipped 0.13% to $1.0829 but was still on course to finish the month with a 2% increase. was at $1.2297, dropping 0.11%. Elsewhere, the and the both fell 0.21-0.22% to $0.667 and $0.621, respectively. The Japanese , which has been volatile ahead of the end of the Japanese fiscal year on Friday, strengthened 0.05% to 132.77 per dollar.

👉 :
Cryptos regained momentum despite Binance’s legal issues as investors disregarded concerns about the CFTC's lawsuit against the exchange. Bitcoin recovered from its previous lows to trade over $28,380, equivalent to a 3.9% rise. Ethereum changed hands 1.1% higher to $1,794.

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29/03/2023

𝗠𝗔𝗥𝗞𝗘𝗧 𝗡𝗘𝗪𝗦 |
👉 :
erased some gains as investors digested negative comments from Fed’s Michael Barr, which stated SVB’s collapse was due to its failure in risk management while dumping well-performed technology-related shares to take profits. Apple and Microsoft shares were among the S&P 500’s biggest decliners, leading the index to lose 0.16%. Meanwhile, Dow Jones dropped 0.12% and Nasdaq fell 0.45%. The KBW regional banking index was down 0.2%, and bank stocks have sold off sharply amid the prospect of stricter regulations for those with above $100 billion deposits. Chinese tech shares are expected to rise as a result of Alibaba's reorganization, providing a positive outlook for being affected by U.S equities’ decline. Hang Seng Index futures surged 1.8%, while Australian stocks fluctuated and Japanese stocks increased slightly.

slightly gained 0.1% apiece, affected by declining technology stocks as yields rose. Traders are anticipating the latest pending home sales data and Fed Vice Chair Michael Barr's testimony on Wednesday.

👉 :
continued to climb for a third straight session as Kurdish crude shipments were disrupted, amid a potentially large draw in U.S inventories that indicated upcoming tighter supply. The improved sentiment towards the banking sector, following a series of regulatory assurances, also supported prices. Brent oil futures rose 0.2% to $78.52, while WTI crude futures added 0.8% to $73.79 per barrel. The markets are now awaiting China’s business activity data to assess the country’s state of economic recovery.

dipped amid the increase in Treasury yields and the easing of concerns about a possible banking crisis in the U.S. Spot gold lost 0.2% to $1,969.01 while gold futures for June delivery slipped 0.2% to $1,987. Other metals also declined, with platinum and silver futures falling 0.3% and 0.2% respectively. Copper prices, on the other hand, remained rangebound as investors awaited more economic signals from China this week.

👉 :
was on the defensive after experiencing two days of losses, as global financial markets gained some stability and fears of a banking crisis decreased. Despite the rise in U.S. Treasury yields, demand for safe assets has weakened. The dollar index was flat, following about 0.3% drop in each of the previous two sessions. Meanwhile, the remained volatile ahead of the end of the Japanese fiscal year on Friday, rising 0.51% to 131.59. The slipped 0.18% to $0.66965 after a report showed that Australian consumer inflation had slowed to an eight-month low, supporting a pause next week in the RBA's rate hiking campaign. The was unchanged at $1.0845, while fell 0.06% to $1.2334.

👉 :
Bitcoin traded without significant changes by rising only 1.6% to $27,302 as the market digested the Binance lawsuit and awaits economic data. Meanwhile, the second largest cryptocurrency got a boost as the CFTC reaffirmed its jurisdiction over it, not the SEC, pushing its value up by just under 4.3% to $1,778.

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28/03/2023

𝗠𝗔𝗥𝗞𝗘𝗧 𝗡𝗘𝗪𝗦 |
👉 :
The posted 0.16% gains, just entering green territory as positivity in bank shares from the SVB’s assets deal could not offset loss in tech-related stocks. Its bank index and KBW regional banking index climbed 3.1% and 0.6% respectively, mostly underpinned by shares of First Citizens Bancshares Inc (up more than 50%), First Republic Bank (up 11.8%), JPMorgan Chase & Co and Bank of America. Apple tumbled 1.2% among poorly performing tech-related growth stocks, dragging down 0.47% at the end of the day. rose 0.6%. followed gains in the U.S financial sector, amid a drop in Treasury yields as concerns about the banking crisis eased. The Topix index in Japan rose, heading for its highest level in more than two weeks while Australian stocks advanced 1.1%. Futures markets suggested gains for the benchmark index in Hong Kong.

rose slightly as fresh news of the banking sector calmed investors, following the recovery of First Republic Bank’s shares. Dow Jones Futures gained 0.7%, while S&P 500 Futures and Nasdaq 100 Futures increased 0.1% each. Traders are monitoring goods trade balance data, retail inventories and CB consumer confidence, as well as testimony from the Fed's Barr.

👉 :
Crude moved in a tight range after the previous rally, as the market waits to see more developments in the banking crisis, mixing concerns over supply and increasing demand. Brent crude futures fell to $78.10, while WTI crude rose slightly 0.1% to $72.89. Oil prices were also supported by reports of strong Chinese demand, with expected crude oil imports to rise 6.2% compared to last year's level.

traded well below recent highs as investors turned away from safe haven assets after their risk appetite was recovered, fueled by signs of easing the banking crisis. Spot gold added 0.3% to $1,962.80, while gold futures expiring in June gained 0.5% to $1,981.20. Weakness in the dollar offered some support to the yellow metal, as markets anticipated the uncertainty for more aggressive rate hikes. Other metals recovered slightly. Copper prices also increased on hopes that an economic crisis had been averted.

👉 :
weakened for a second consecutive day as less fears of the banking crisis lowered demand for safe haven currencies. Its index gave up 0.14% to 102.6. The greenback weakened 0.86% to 130.62 against the , which was fueled by a 15-basis-point surge in long-term Treasury yields, the largest in six months. Meanwhile, the rallied 0.41% to $0.66785, while added 0.37% to $0.6219. The and , similarly, gained 0.13-0.24%, respectively to $1.08135 and $1.2316.

👉 :
Cryptos wobbled after the CFTC filed a lawsuit against Binance and its founder, accusing the crypto exchange of violating federal law by offering unregistered crypto derivatives products in the U.S. Bitcoin was down 3.1% to $26,978, while Ethereum fell below $1,700 before rebounding to $1,703.

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27/03/2023

𝗠𝗔𝗥𝗞𝗘𝗧 𝗡𝗘𝗪𝗦 |
👉 :
U.S stock ended higher following a positive week for the major Wall Street indices as reassurances given by Fed’s Powell and Yellen calmed part of the U.S banking system turmoil. Dow Jones Futures and Nasdaq 100 Futures both increased 0.4%, while S&P 500 Futures rose 0.5%. This week, market participants continue eyeing further developments in the banking sector, along with goods trade balance, consumer confidence, pending home sales, GDP, PCE and Michigan consumer sentiment. Speeches from the Fed's Jefferson, Yellen, and the FOMC's Barkin will be closely watched.

followed the similar upward trend, driven by hopes that authorities were taking steps to contain stress in the global banking system despite warnings of the near-dangerous-level cost of insuring against default. Reports of First Citizens BancShares’s advanced talks to acquire SVB from the Federal Deposit Insurance Corp also calm jittery markets. MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.1%, while Japan's Nikkei gained 0.1% and South Korea 0.2%.

👉 :
rose after banking turmoil eased, while geopolitical tensions in Europe escalated triggered by Russian President VladimirPutin’s deploying tactical nuclear weapons in Belarus. Brent crude futures gained 0.4% to $75.32, while WTI crude was up 0.6% to $69.65 per barrel. The rise followed a bounce in risk assets and was a part of correction after falling 16% in the past two weeks. Investors are also waiting for China’s manufacturing data due later this week for any signs of the country’s economic recovery from COVID-19.

dipped, erasing some of recent gains from traders taking profits and the dollar's uptick on Fed rate hike hints. However, the yellow metal remained near the key $2,000 level as fears of persisted global banking crisis fueled safe haven demand. Spot gold fell 0.2% to $1,974.54, while gold futures for June delivery lost 0.4% to $1,994.76. Other metals also retreated. Copper prices dropped slightly as markets weighed a weaker dollar against fears of slowing global economic growth.

👉 :
was kept steady by jittery investors amid banking crisis fears, lifting its index 0.078% to 103.060. Risk-averse investors sent the to over a seven-week high of 130.70 as concerns on the global banking system. Elsewhere, the and were both up 0.03-0.06% to $1.0762 and $1.2236, respectively. The rose 0.03% versus the greenback at $0.665, while traded flat at $0.620.

👉 :
Bitcoin is currently testing the $28,000 level, but experts predicted a consolidation phase around $25,000. At the start of the Asia business day, the largest cryptocurrency rose 1.7% to $27,966. Ethereum slightly outperformed 1.8% to trade at $1,777.

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24/03/2023

𝗠𝗔𝗥𝗞𝗘𝗧 𝗡𝗘𝗪𝗦 |
👉 :
closed higher after starting on a low note as the U.S. Treasury Secretary Janet Yellen reassured investors that Americans’ deposits will be kept safe. Two-year yields’ 18 bps tumble underpinned growth stocks, which helped Nasdaq lead with 1.01% surge followed by Dow Jones and S&P 500 to slightly rise more than 0.2%. Only tech and communication services emerged as winners, offsetting dropping S&P 500 bank index 1.2%. declined as Wall Street's technology-driven rally did not alleviate the banking sector's pessimism. Japan, South Korea and Australia all saw a decrease in stocks, while Hong Kong futures pointed lower. This followed U.S traders' investment in top technology firms such as Apple Inc. and Microsoft Corp.

The outlook was not rosy for , with S&P 500 futures fell 0.1% and Nasdaq 100 futures lost 0.2%.

👉 :
extended previous losses on concerns about oversupply after the U.S. Energy Secretary Jennifer Granholm stated that refilling the SPR could take years. Brent crude futures and WTI crude futures fell 0.6-0.7% to $75.43 and $69.44 per barrel, respectively. However, both benchmarks were still expected to have a weekly gain of approximately 3-4%, rebounding from their significant declines the previous week caused by the banking sector crisis and recession worries.

continued to shine, outpacing the U.S dollar. The yellow metal traded close to $2,000 for a third straight week, with spot gold being flat at $1,993.60 while gold futures held steady at $1,995.65. The reason is due to investors flocking to gold as a safe haven, amid Fed uncertainty and struggling banking sector. Copper and other metals were subdued, but are expected to gain momentum as the dollar weakened.

👉 :
remained stable near its seven-week low as investors were skittish about the banking system while traders assessed the Fed's hints of pausing rate hikes, the dollar index fell 0.019% to 102.56. The Japanese gained 0.34% to 130.37 per dollar. The fell 0.03% from its seven-week high to $1.0827, and traded 0.08% lower at $1.2275. Elsewhere, both and also lost 0.31% to $0.666 and 0.22% to $0.623, respectively.

👉 :
Cryptos regained momentum as investors shrugged off concerns related to the banking sector and the Fed's decision. Bitcoin surged 3.8%, reclaiming $28,000 after experiencing a downward spin. Ethereum also saw a gain of 4.6%, trading at $1,810. Other major cryptos followed suit, rebounding from yesterday's losses.

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23/03/2023

𝗠𝗔𝗥𝗞𝗘𝗧 𝗡𝗘𝗪𝗦 |
👉 :
was dyed in deep red, with three major indices seesawing and finally declining over 1.6% as the market tried to digest the Fed’s confused answers in the Q&A session post-rate hikes. Overall sentiment was negative, as investors showed great disappointment when hearing the Fed still commits to keep rising rates if necessary, which is against previous expectations of either a 25 bps or pausing completely future hikes amid the recent banking turmoil. All 11 S&P 500 sectors posted losses, led by real estate alongside S&P Banks index and KBW Regional Bank Index reversed to fall 3.7% and 5.3% respectively. followed Wall Street to decline, mainly triggered by Treasury Secretary Janet Yellen's comments on yet considering “blanket insurance” for deposits and the Fed's resistance against bets of future rate cuts. Benchmark indexes in Japan, South Korea and Australia all fell, as did a gauge of US-listed Chinese companies. Bond yields declined as investors sought safer investments amid uncertainty in the equities market.

rose slightly in response to the Fed's anticipated 0.25% hike. S&P 500 Futures and Nasdaq 100 Futures rose 0.1% each, while only Dow Jones Futures added 0.2%. Ahead of the day, investors will focus on building permits, jobless claims and new home sales, as well as the quarterly financial results of General Mills and Darden Restaurants.

👉 :
fell after three consecutive sessions of gains, as Powell's statement reaffirmed his determination to control inflation, which included the likelihood of further rate hikes. Brent crude futures lost 1% to $75.89, while WTI crude gave up 1.2% to $70.06.

rose after a small-sized hike by the Fed with indication that future hikes might be paused due to recent financial sector turmoil. Spot gold was up 0.2% at $1,972.72, while gold futures increased 1.3% to $1,974.60. Other metals saw gains with spot silver rose 0.2% to $23.06 and platinum added 0.8% to $986.19.

👉 :
was close to a seven-week low due to a sharp drop in U.S bond yields following the Fed's indication that it might stop raising rates. The rose as much as 1.3% to $1.0912, but dropped back to $1.0872 by the Asian morning. surged to a seven-week high due to an unexpected rise in British inflation, resulting in a staggering 10.4%, before settling at $1.2282 with investors anticipating a 25 bps rate hike from the BOE. The /JPY fell 0.7% and was lower at 131.19. Elsewhere, the dropped from a two-week high to $0.6707, while the remained steady at $0.6238.

👉 :
The market moved in red and tandem with stocks. Bitcoin dropped 4.1% at around $27,030. Meanwhile, Ethereum traded at around $1,740, reflecting a 3.1% decrease from Tuesday.

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22/03/2023

𝗠𝗔𝗥𝗞𝗘𝗧 𝗡𝗘𝗪𝗦 |
👉 :
was bright green as concerns over liquidity in the banking sector eased and investors focused on the Fed's upcoming two-day policy meeting, with expectations of a 25 bps hike. Dow Jones rose 0.98%, followed by Nasdaq adding 1.58% and S&P 500 1.30%. Energy, consumer discretionary and financials saw the most significant gains, with 8/11 S&P 500 major sectors ending the session positively. First Republic Bank's shares soared to its largest one-day percentage of 29.5%, as JPMorgan CEO Jamie Dimon leads discussions with other big banks about investing in the lender.Shares of PacWest Bancorp and Western Alliance Bancorp also surged more than 15%. followed the upward trend of U.S stocks in a risk-on trade. Stocks rose in Australia and Japan while Hong Kong futures advanced.

remained relatively stable when trading within a narrow range of 0.1% apiece, as investors awaited Wednesday's announcement on interest rates from the Fed, which is set to conclude its two-day policy meeting.

👉 :
dipped as industry data suggested another increase in inventories in the world's largest crude consumer, amid investors also exercised caution ahead of the Fed's upcoming interest rate decision. Brent oil futures fell 0.4% to $74.87, while WTI crude futures lost 0.7% to $69.22 a barrel. Despite crude prices recovering from 15-month lows due to some easing fears of the banking crisis, markets are still awaiting more cues from an upcoming OPEC+ meeting, hoping the cartel will cut production in response to falling prices.

were muted as investors awaited the Fed’s interest rate decision. Spot gold was unchanged at $1,940.80, while gold futures increased 0.4% to $1,944.10. Other metals rose slightly after suffering significant losses in the prior session. Meanwhile, copper prices fell after a four-day upward trend due to a decrease in demand, resulting in the red metal's lowest prices in two months.

👉 :
remained weak as investors were cautiously looking for the conclusion of the Fed's policy meeting and sought clarity on the central bank's future action following recent global banking turmoil. The dollar index traded low at 103.22. The held steady at $1.0767, while gained 0.06% to $1.2221. Elsewhere, the rose slightly 0.04% to $0.667, on the contrary with the falling 0.16% to $0.618. Meanwhile, the weakened 0.04% to 132.59.

👉 :
Bitcoin surged past $28,000 as the FOMC commenced its two-day meeting to discuss the possibility of another rate hike. Ethereum traded higher at around $1,800.

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21/03/2023

𝗠𝗔𝗥𝗞𝗘𝗧 𝗡𝗘𝗪𝗦 |
👉 :
closed higher with investors’ regaining little confidence after central banks were trying to save the financial system from further contagion, while weighing the probability of a pause in rate hikes. Previous panic and fear have been relieved since Sunday as many major banks bolstered cash flows around the world, notably New York Community Bancorp agreed to buy Signature Bank’s deposits and loans. Its share rallied 31.7% after that, coupled with a 10.8% rise of PacWest BanCorp lifted S&P Banking Index and KBW Regional Banking Index up 0.6% and 1.5% respectively. Dow Jones rose significantly 1.2%, while S&P 500 gained near 1%, with all 11 sectors in green. Nasdaq inched up slightly 0.39%. rose as concerns about the global financial system subsided, following Wall Street’s gains.

increased slightly after a relief rally, as investors bought the dip following UBS Group AG's takeover of Credit Suisse Group AG. Dow Jones Futures and S&P 500 Futures rose 0.1%, while Nasdaq Futures remained flat. On Tuesday, traders will closely monitor the existing home sales data and the latest earnings data from Nike, Tencent Music Entertainment Group and GameStop Corp.

👉 :
stabilized on concerns that recent banking issues would negatively impact the global economy, and consequently, limit crude demand. Brent crude futures for May settlement traded higher at $73.84, while WTI crude futures also increased to $67.73 per barrel. G7 nations have just pending revision of the $60-per-barrel cap on Russian oil.

faced resistance at $2,000 despite touching previous key highs as investors locked some profits and awaited the upcoming Fed’s interest rate decision. Spot gold saw a slight increase to $1,980.14, while gold futures remained flat at $1,983.70. Other metals were muted but still saw strong gains in recent sessions. Copper prices traded sideways in low range after rising for five consecutive sessions, as concerns over slowing economic growth.

👉 :
stayed near a five-week low despite some recovery as traders returned to riskier assets after UBS took over Credit Suisse, easing fears of a banking crisis. The dollar also slipped 0.12% to 131.15 against the Japanese . Meanwhile, added 0.02% to $1.2280, and the steadied at $1.0722. The lost 0.22% to $0.6703, as did the to slip 0.16% to $0.6237. The dollar index dropped 0.04% to 103.30.

👉 :
Despite the bear market, crypto VC funding remained strong and is now continuing to thrive during the current mini-bull cycle. However, on the trading day, Bitcoin opened in the negative, down 0.63% to $27,805, while Ethereum experienced a 2.5% decrease, trading at $1,741.

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20/03/2023

𝗠𝗔𝗥𝗞𝗘𝗧 𝗡𝗘𝗪𝗦 |
👉 :
U.S stock traded 0.2% higher apiece amid increased pressure from Financials after UBS Group AG bought out Credit Suisse for $3 billion Swiss francs in a government-backed deal. In the week, investors will focus on the Fed's interest rate decision, with expectations of a 25 bps hike; along with new and existing home sales, building permits, durable goods orders, PMIs and a speech from FOMC member Bullard.

stabilized as the news of Credit Suisse being rescued and efforts from central banks boosted market sentiment, though financial shares continued to be volatile due to concerns about contagion. In Tokyo, beaten-down bank shares rebounded 1%, while the Nikkei index lost 0.2%. In Australia, financials dropped 0.8% and the ASX 200 fell 0.5%.

👉 :
saw a slight increase as relief from UBS's deal to buy Credit Suisse and reassurances from central banks to calm global markets. Brent crude futures rose 0.5% to $73.32, while WTI crude was up 0.6% at $67.11 a barrel. The increase came after both saw significant losses last week.

were near an 11-month high as investors assessed the impact of emergency liquidity measures taken by major central banks, including the Fed, in response to growing concerns of a banking crisis. The move is likely to support safe haven demand for the yellow metal, with spot gold trading around $1,976.62 while gold futures rose 0.4% to $1,981.90. Other metals saw mixed bids, meanwhile copper prices rallied on the new liquidity measures, which could potentially result in a less severe economic downturn this year.

👉 :
Currency markets displayed careful hopefulness following global efforts to contain the spread of a developing banking crisis. As a result, the experienced overall weakness, while the declined 0.6% to 132.59 as an increase in Treasury yields. The reached a two-week high of $0.6721. Meanwhile, the rose 0.17% to $1.06885 and the inched up 0.1% to $1.2190.

👉 :
Cryptos recorded a mix trading, with Bitcoin surging 3% to over $28,000 as investors seek out alternative assets amid global economic uncertainty. Ethereum changed hands 0.2% lower at $1,780.

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17/03/2023

𝗠𝗔𝗥𝗞𝗘𝗧 𝗡𝗘𝗪𝗦 |
👉 :
reversed to enjoy seas of green, highlighted by revived broader Financials and boosted Tech. Dow Jones and S&P 500 rose 1.17% and 1.76% respectively, trying to digest the twist in the U.S banks saga after JP Morgan Chase, Morgan Stanley and other big financial institutions pumped up to $30 billion to rescue First Republic Bank. Credit Suisse shares also recovered following a $54 billion credit line borrowed from the Swiss National Bank. Nasdaq added 2.48%, lifted by Meta and Snap Inc as rival TikTok is near to be banned. Money markets are sticking to bets of a 25 bps rate hike on mixed economic data, with weak retail sales and downward PPI were offset by a still strong labor market. also rose, with stock markets in Japan, South Korea, and Australia all increased. Hong Kong's benchmark stock futures gained over 1%.

declined 0.1% each. Investors will be monitoring Michigan consumer sentiment and industrial production during Friday's session.

👉 :
moved little but are heading for a second weekly decline as the Saudi Arabia - Russia meeting failed to calm investors’ worries on the contagion risks among banks. Brent crude futures rose slightly to $74.72, following a 1.4% increase yesterday while WTI crude traded at $68.33 a barrel, up 1.1%. Appetite for commodities were curbed on fears that another rout could bring global recession and more repriced demand.

traded flat and were poised to have the strongest week in two months as a potential banking crisis and an uncertain economy increased the demand for safe haven. Spot gold edged up to $1,920.12, while gold futures climbed slightly 0.1% to $1,923.95. Other metals steadied and moved closer to a week ending higher. Copper prices, which had experienced notable declines earlier in the week due to concerns that an economic downturn could limit demand, have now stabilized.

👉 :
weakened as authorities and banks took measures to ease financial stress, resulting in improved risk sentiment. This allowed for a rally in risk-sensitive currencies such as the and , which rose by 0.4-0.3% to $0.6684 and $0.62145, respectively. The traded 0.14% higher at $1.0625 after the ECB reassured that Eurozone banks were resilient and that higher rates should strengthen their margins. rose 0.15% to $1.2128 and the Swiss gained 0.1%. Meanwhile, the Japanese remained elevated at around 0.3% higher at 133.30 per dollar.

👉 :
Cryptos were lifted by the eased European banking crisis, while investors are hopeful that the Fed will adopt a more dovish approach to monetary policy. Bitcoin added 1.4% to $24,791, while Ethereum traded higher at around $1,690.

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DNBC Global Markets

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