Asian Stock Market: Shows all-round recovery as Fed to remain less hawkish, oil struggles near $68.00

the attempts of reviving the collapsed banks. In Eurozone, UBS has agreed to acquire Credit Suisse for $3.2 billion in a rescue deal. And, various financial institutions have pumped $30 billion to save First Republic Bank.

At the press time, ChinaA50 jumps 0.60%, Hang Seng inched up by 0.08%, KOSPI gained 0.31%, and Nifty50 added 0.36%.Rising uncertainty over the monetary policy announcement by the Federal Reserve is squeezingfrom the market. Fresh concerns about global banking turmoil are bolstering the case of an unchanged monetary policy stance. As per the CME Fedwatch tool more than 70% odds are favoring a 25 basis point interest rate hike on Wednesday.

On the oil front, oil prices have recovered firmly after printing a fresh 15-month low below $65.00. The oil price is struggling to extend recovery above $68.00, however, the upside looks solid. A recovery in oil price has been observed amid expectations thatInformation on these pages contains forward-looking statements that involve risks and uncertainties.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian Stock Market: Fears of banking turmoil propels further downside, oil drops on steady PBOCMarkets in the Asian domain witnessed an intense sell-off on Monday. The week started with the downside bias observed last week backed by a potential
Source: FXStreetNews - 🏆 14. / 72 Read more »

Majority of Colorado hospital systems lost money in 2022 as costs surged, stock market tankedColorado hospitals as a whole remained financially healthy through the first two years of the pandemic, but their profit margins were slashed in half in 2022 as costs swelled, pushing the majority of the state’s hospital systems into the red by the fall. No sympathy. Why in the rocky mountain fuck should hospitals turn a profit? Healthcare must be a legal right for every American, and profit shouldn't enter into the equation. Medicare for all is the only civilized solution to this barbarity.
Source: denverpost - 🏆 13. / 72 Read more »

U.S. stock-market futures edge higher after historic deal to rescue Credit SuisseU.S. stock-index futures opened with modest gains Sunday evening as investors assessed a historic deal to rescue troubled Swiss lender Credit Suisse as... Until the next “rescue.” CS was a mess before this, but they are not the last bank with serious issues Thanks Yellen, keep on pumping that money in….and consolidating the banks on the backs of taxpayers guaranteeing their bad behavior.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock market news: Dow falls 400 points after UBS's Credit Suisse dealDow sinks as much as 400 points as UBS's Credit Suisse rescue deal fails to ease US banking crisis fears
Source: BusinessInsider - 🏆 729. / 51 Read more »

5 things to know before the stock market opens MondayHere are the most important news items that investors need to start their trading day.
Source: CNBC - 🏆 12. / 72 Read more »