Bank relief and Alibaba plans nudge stocks higher

  • 📰 Reuters
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Asian stocks rose on Thursday with fears easing on the banking front and the prospect of a break-up at Chinese conglomerate Alibaba offering an encouraging sign that Beijing's regulatory storm focused on tech companies might finally be clearing.

before Congress and focused remarks on failures at Silicon Valley Bank and its supervision, rather than broader systemic issues across the financial sector.

The U.S. dollar was firm, particularly against the safe-haven Japanese yen as investors wound back some of the safety positions built up in the last couple of weeks. The yen last traded at 132.75 to the dollar. As the dust settles on a wild and volatile ride after Silicon Valley Bank's collapse unleashed fears of a broader banking crisis, the winners appear to be bonds and large tech companies that tend to benefit when interest rates fall.

From the two-year tenor all the way to 30-year, U.S. yields are below the current Fed funds rate of roughly 4.8% as markets have dramatically repriced the rates outlook.The rates-sensitive Nasdaq is heading for its best quarter in more than two years. Nasdaq and S&P 500 futures were steady on Thursday.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 2. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Asian stocks rally as bank jitters calm, Alibaba lifts moodAsian shares surged on Wednesday as easing concerns over the banking sector revived risk appetite, while Alibaba's plans to split into six units lifted Chinese tech stocks. Will everything be flipped?
Fonte: Reuters - 🏆 2. / 97 Consulte Mais informação »