backed by the U.S. regulator for First Citizens BancShares to buy failed Silicon Valley Bank soothed wider worries about problems in the sector.edged up 0.6% by early afternoon Hong Kong time. U.S. stock futures, the S&P 500 e-minis , rose 0.1%.
In addition to concerns about any contagion caused by developed market banking woes, markets have also been jostled by wild shifts in expectations about what central banks in the United States and Europe might do next, Raychaudhuri said. In China, the benchmark founder Jack Ma on Monday helped to quell some concerns of its private sector after a bruising two-year regulatory crackdown.
"But the reason behind Ma’s reappearance isn't yet clear... Market watchers will quickly deduce whether Ma's visit was a one-off event or perhaps something more," he said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian Stock Market: Global stocks climb as concerns over the banking sector diminishAsian trading hours on Tuesday reflect a positive risk appetite among investors, with most Asian stock futures in the green. MSCI's broadest index of
Source: FXStreetNews - 🏆 14. / 72 Read more »
Stocks making the biggest moves premarket: Pinterest, First Citizens, Caterpillar & moreRegional banks rose following a report that U.S. authorities were considering expanding government support for banks to provide additional liquidity.
Source: CNBC - 🏆 12. / 72 Read more »
Regional bank stocks surge on First Citizens acquisition of failed SVBSeveral flailing regional banks got a boost on Monday after First Citizens Bank agreed to buy failed Silicon Valley Bank more than two weeks after its sudden collapse.
Source: dcexaminer - 🏆 6. / 94 Read more »
U.S. stocks end mostly higher as banks helped buoy S&P 500 after First Citizens dealU.S. stocks closed mostly higher Monday, as bank stocks climbed after First Citizens BancShares agreed to buy failed Silicon Valley Bank’s deposits and loans. The Dow Jones Industrial Average finished 0.6% higher: The roller coaster ride S&P 500 🎢
Source: MarketWatch - 🏆 3. / 97 Read more »