assistance to commercial banks. She further added,"A dynamic and diverse banking system - with large, mid-sized and small banks - is critical to the US economy."
At the press time, Japan’s Nikkei soared 2.07%, ChinaA50 gained 0.45%, Hang Seng accelerated 2.15%, and Nifty50 added 0.33%. is continuously hovering around 103.20 as investors have been sidelined. No doubt, the majority of odds are favoring a 25 basis point by the Fed, however, chances of a steady monetary policy cannot be avoided.would be more familiar with the situation of the banking crisis and forward consequences.
Meanwhile, Japanese equities have sky-rocketed Japanese Chief Cabinet Secretary Hirokazu Matsuno has promised to allocate more than 2 trillion yen from reserves to safeguard households from rising prices, as reported by Reuters. The relief package would strengthen the overall demand in the economy and would contribute to keep the inflation rate near desired levels.
On the oil front, the oil price is struggling to capture the critical resistance of $70.00, upside looks likely as more sanctions on the Russian oil supply are likely to remain absent. Going forward, investors will keenly focus on the weekly inventory data to be reported by the US Energy Information Administration . As per the consensus, the oil stockpiles would decline by 1.448 million barrels for the week ending March 17.
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