South Korea's Shinhan Financial Group fell 1.53%, Woori Financial Group was lower at 2.4%, KB Financial Group fell 2.98% and Industrial Bank of Korea dropped 1.9%.The U.S. consumer price index for February isThis is just slightly lower than January's inflation data of 0.5% and 6% respectively.
CPI will be the next data point that could provide insight on the Federal Reserve's move ahead of its meeting on March 21 and 22. A hot inflation report will raise expectations the Fed could hike rates by 50 basis points, up from the 25 points it implemented in February.CNBC Pro: SVB crisis reveals how tough higher rates can be — but these 3 stocks are resilient, strategist says
Many firms will find a higher-interest-rate environment very difficult to operate in, as demonstrated by the Silicon Valley Bank crisis, said Anthony Doyle, head of investment strategy at Firetrail Investments. "There will be winners and there will be losers and part of the challenge for investors today is identifying which are those companies that will find this environment much more difficult than they have done in a zero interest rate world," he said.
No Hindenburg research report. No down rating by world renowned agencies. Busy elsewhere,in handling other interested parties go topple other business even government World to understand that situation has changed. Other countries are coming up fast to destabilise world hierarchy
Interesting that Barney Frank, the retired Dem. Congressmen played a role in the 2008 banking crisis and the SVB collapse. BuckSexton ByronYork samanthamarika1 MZHemingway BarneyFrank