SVB collapse: Just a couple of days after US regulators shut the bank down on Friday, Signature Bank also shut its doors, spreading the fears of contagion
Fearing contagion would upend the industry, the US Federal Reserve, Treasury Department and Federal Deposit Insurance Corp. moved quickly over the weekend to protect customer deposits
SVB crisis: To allay the fears, a joint statement was issued by the Joe Biden administration stating that resolution will 'fully protect all depositors' and 'no losses will be borne by the taxpayer'
What is the Silicon Valley Bank? What led to its collapse? Will customers get their money back? How will SVB's collapse hurt start-ups? Will SVB collapse hurt Indian banks? Read to find the answers
The hope is that setting up such a vehicle would reassure depositors and help contain any panic
According to Jefferies, analysts' consensus revenue growth estimates for CY24 have been lowered for top clients of all IT firms, barring Wipro, with the highest cuts for HCL Tech and Tech Mahindra
"Amid heightened uncertainty, contacts did not expect economic conditions to improve much in the months ahead," the report said
So far in 2023, the yield on the 10-year bond has jumped 12 basis points (bps)
US Fed chair Jerome Powell has reiterated that the Federal Open Market Committee (FOMC) is likely to raise rates further than previously anticipated
CLOSING BELL: Bottom fishing in select heavyweights lifted benchmark indices off lows, leading to a positive close for a third consecutive day on Wednesday
In a bid to bring down high inflation, the Fed has, since March 2022, hiked interest rates by 450 basis points
Traders cautious before Fed Chair Powell's speech, market holiday
India, according to them, is among the more sensitive markets to US rates, and demonstrates the most sensitivity to local rates given higher influence of domestic flows into the market
NSE Nifty50's sharp rebound from its 200-day moving average of 17,400 is what is giving technical analysts the requisite confidence
Strong US consumer demand and a tight labour market would force the central bank to battle inflation for longer
The argument that a country can be an active participant in global trade but avoid financial globalisation is fundamentally faulty
ECB President Christine Lagarde has already said the bank till hike rates, if needed
Analysts believe that this down trend is a short-term gyration and investors' should use this dip to accumulate high quality growth stocks
Indian rupee is expected to decline versus the dollar at open following an overnight jump in U.S. yields on bets of more rate hikes from the U.S. Federal Reserve
Traders are awaiting the minutes of the latest Federal Reserve meeting, due on Wednesday, as data on core inflation has raised the risk of interest rates remaining higher for longer