European equity markets sank on Wednesday with the STOXX 600 down 3%, after turmoil at Swiss lender Credit Suisse (SIX:CSGN) sparked more concerns over the banking sector’s health. Credit Suisse...
US stocks rallied on Tuesday as inflation and fears of a broader financial crisis eased. On par with market predictions, America’s latest CPI report showed that inflation rose by 0.40% m/m in...
Global markets tumbled on Monday following a selloff in US banking stocks after the SVB (NASDAQ:SIVB) collapse forced investors to rethink their forecasts for further interest rate hikes. Government...
Most markets closed in the red on Friday after data showed that more workers were hired in the US last month than expected and that US unemployment rose higher than anticipated. “The Labour...
Most global markets closed in the red on Thursday after various economic data supported the view of the US Federal Reserve Chairman that further monetary policy tightening is needed. “A...
The FTSE/JSE All Share Index (ALSI) fell by more than 1% on Wednesday after data showed that business confidence in South Africa fell for a fourth consecutive quarter. The RMB/BER business confidence...
Markets traded in the red on Tuesday after the US Federal Reserve (Fed) chairman told the US Senate Banking Committee that interest rates may have to increase at a faster pace if economic data...
Most global markets closed in the green on Monday as investors waited for congressional testimony from US Federal Reserve (Fed) chairman Jerome Powell for an idea of the central bank’s future...
European stocks ended the week higher with the continent-wide STOXX 600 adding 1%, led by auto and mining stocks. Investors cheered PMI data showing China's service sector growth in February 2023...
Global stocks were buoyant on Thursday as investors weighed signs of economic resilience against rising bond market costs and expectations of further monetary policy tightening.
European stocks pared...