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DAX Tumbles As Bank Worries Persist
German stocks fell sharply on Monday, with banks declining again after Switzerland's largest banking institution - UBS Group - entered into a merger deal with its troubled rival - Credit Suisse.
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Asian Shares Slump After Credit Suisse Buyout
Asian stocks tumbled on Monday amid signs of a deepening crisis in the financial system, lingering fears of a global recession and anxiety ahead of a Federal Reserve meeting this week.
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Indian Rupee Falls To 4-day Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in afternoon deals on Monday, as regional shares fell on concerns about turmoil in the U.S. banking sector and an impending recession.
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Hoyo, SBC Recalls Frozen, Ready-To-Eat Beef Sambusa Product
Bloomington, Minnesota -based Hoyo, SBC is recalling around 1,046 pounds of ready-to-eat beef sambusa products citing possible foreign matter contamination, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced. The recalled products may be contaminated with extraneous materials, specifically thin, wire-like metal.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the European session on Monday.
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Euro Little Changed After German PPI Data
At 3:00 am ET, Destatis issued Germany's producer prices data for February.
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Euro Falls Ahead Of German PPI Data
At 3:00 am ET, Destatis is scheduled to issue Germany's producer prices data for February. Economists forecast producer price inflation to ease to 14.5 percent from 17.8 percent in January.
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more news
European Economic News Preview: Eurozone Foreign Trade Data Due
Foreign trade from the euro area and producer prices from Germany are the top economic news due on Monday. At 3.00 am ET, Destatis is scheduled to issue Germany's producer prices for February. Economists forecast producer price inflation to ease to 14.5 percent from 17.8 percent in January.
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Australian Dollar Slides As Traders Remain Cautious
The Australian dollar retreated from recent highs against other major currencies in the Asian session on Monday, as traders remain cautious and assess the impact of the crisis in the global banking sector, even as failing financial institutions secure a lifeline from peer institutions and central banks to avoid a global meltdown.
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China Retains Benchmark Lending Rates As Expected
China retained its benchmark lending rates for the seventh straight month on Monday after a surprise reserve requirement ratio reduction last week. The People's Bank of China left its one-year loan prime rate, or LPR, unchanged at 3.65 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was kept unchanged at 4.30 percent.
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European Shares Poised For Weak Start As Bank Worries Linger
European stocks look set to open broadly lower on Monday amid signs that the banking crisis is escalating, and a recession might be pulled forward.
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Australian Dollar Retreats Against Majors
The Australian dollar retreated from recent highs against other major currencies in the Asian session on Monday.
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Před 872 dny
Sensex, Nifty Open Lower On Weak Global Cues
Indian shares opened lower on Monday, tracking weak global cues on concerns about turmoil in the U.S. banking sector and an impending recession.
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Před 872 dny
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