Credit Suisse announced overnight that it had secured a CHF 50 billion support line from the Swiss National Bank, making sure there was no risk of contagion to this systemically important bank from the volatility in the U.S. banking system.
This news helped the European banking sector post gains Thursday and should dilute some of the current unease on Wall Street that resulted in the blue chipThat said, concerns exist that small and mid-sized U.S. banks could still rein in lending to preserve liquidity following the swift collapse of three regional banks, including SVB Financial Group, hindering economic growth.
With no offset from larger banks, gross domestic product could reduce by 0.5% to 1.0%, over the next year or two, said analysts at JPMorgan, while Goldman Sachs raised its probability of the U.S. economy entering a recession in the next 12 months to 35%, from 25%. The ongoing difficulties in the banking sector have shifted sentiment regarding the outcome of next week's
policy meeting. About half of the traders are betting on a quarter of a percentage point increase, while the other half are betting on a pause.by 50 basis points as inflation remained elevated.
and yet the market is up! Quit selling fear.
I bought some CS yesterday before close lol
Dow future currently trade at 31981
It’s beautiful tech seeing as a safe haven
People are shocked including myself 🙄 that's not weired
There are too many messy things in the United States now, and market changes are not surprising. I don’t know what will happen in the future. Let us continue to pay attention to the latest news from bloggers.
Do you have any customer support phone number?
Your small caps change % is wrong! It has been wrong for weeks.
The dollar is fake , the euro is fake the franc is fake …. Yesterday credit suisse collapsed but today is 34% up wow what a fake system!.. Banks are fake !.. i am switching to Bitcoin BTC
💣💥
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: WSJ - 🏆 98. / 63 Read more »
Source: wsfa12news - 🏆 338. / 59 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »
Stock market today: Dow Jones down 600 pts on Credit Suisse routDow dives over 600 points as Credit Suisse selloff injects fresh unease into markets to your portfolio... 'Great, now I'm feeling so much better about my investments!'
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: AP - 🏆 728. / 51 Read more »
Investing for the future: stock market strategy, Savita SubramanianBofA's US stock chief highlights a 'tremendous opportunity' that's opened up for investors, and explains the adjustment they should make to enjoy stronger returns Muhahahahahaha!!! Yeah okay 👌🏼
Source: BusinessInsider - 🏆 729. / 51 Read more »