Monthly Archives: April 2023
Euro Surges on Upward German Growth Forecast, ECB Hawkish Tone
Written on April 27, 2023 at 5:48 am, by jonywang
The euro has received a boost from a combination of hawkish guidance from the ECB and positive economic data in the region The Euro stole the spotlight as it surged to a record high following Germany’s upward revision of its economic growth forecast for 2023. The move is reinforced by positive indicators, including increased industrialContinue Reading
Overall Equities Markets Down Despite Positive Earnings Season
Written on April 27, 2023 at 3:12 am, by jonywang
Markets are risk-off due to fear of contagion from First Republic Bank’s imminent collapse Earnings season is ramping up, with results have been much better than market’s expectations. Tech stocks are leading with a 0.64% increase in the Nasdaq on Wednesday. Meta shares shot up 12% after the company posted an earnings beat of $2.20Continue Reading
First Republic Bank’s Deposit Plunge Sparks Risk-Off
Written on April 26, 2023 at 6:20 am, by jonywang
A probable bank run and a far lower-than-expected drop in deposits have prompted market participants to turn to safe havens First Republic Bank’s disappointing first-quarter results with a significant plunge in deposit levels, had raised concerns about the bank’s financial health. This triggered a risk-off sentiment, driving the CBOE Volatility Index to new highs whileContinue Reading
