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European Shares Climb As Bank Worries Calm Down

European Shares Climb As Bank Worries Calm Down

European stocks advanced on Wednesday after top U.S. regulators expressed confidence that banks were solvent, blaming the recent collapse of Silicon Valley Bank on mismanagement, rather than systemic risks.
RTTNews | Pred 867 dňami
German Consumer Morale To Strengthen In April

German Consumer Morale To Strengthen In April

Despite the rising recession fears, confidence among German consumers strengthened for the sixth consecutive month on improving income expectations, a closely-watched survey by the market research group GfK revealed Wednesday. The consumer confidence index for April climbed to -29.5 from -30.6 in March, the Nuremberg-based GfK said.
RTTNews | Pred 867 dňami
CAC 40 Gains As Banking Worries Ebb

CAC 40 Gains As Banking Worries Ebb

French stocks opened higher on Wednesday after top U.S. finance officials pledged to use all tools for any size institution, as needed, to keep the financial system safe and sound.
RTTNews | Pred 867 dňami
Australian Dollar Falls As Soft Inflation Fuels RBA Rate Pause Hopes

Australian Dollar Falls As Soft Inflation Fuels RBA Rate Pause Hopes

The Australian dollar depreciated against its most major counterparts on Wednesday, as the nation's consumer inflation slowed more than expected in February, bolstering hopes for a pause in the policy tightening by the Reserve Bank of Australia.
RTTNews | Pred 867 dňami
DAX Climbs As Infineon Raises Outlook

DAX Climbs As Infineon Raises Outlook

German stocks rose notably on Wednesday after top U.S. regulators tried to assure Congress that the overall financial system is still sound and the collapse of Silicon Valley Bank was a "textbook case of mismanagement".
RTTNews | Pred 867 dňami
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UBS Rehires Sergio Ermotti As Its CEO To Oversee Credit Suisse Merger

UBS Rehires Sergio Ermotti As Its CEO To Oversee Credit Suisse Merger

UBS Group AG has called back its former Chief Executive Officer Sergio Ermotti to lead the Swiss banking giant amid the new challenges and priorities it faces following its planned acquisition of troubled domestic rival Credit Suisse Group AG. Following the news, UBS shares were gaining more than 2 percent in Swiss trading as well as in pre-market activity on the NYSE.
RTTNews | Pred 867 dňami
Asian Shares Mixed In Cautious Trade

Asian Shares Mixed In Cautious Trade

Asian stocks ended Wednesday's session on a mixed note as rising Treasury yields offset easing concerns over the banking sector.
RTTNews | Pred 867 dňami
Australia Inflation Moderates In February

Australia Inflation Moderates In February

Australia's consumer price inflation moderated to an eight-month low in February adding weight to the expectations that the Reserve Bank will pause its interest rate hike next week. Consumer prices grew at a slower pace of 6.8 percent after a 7.4 percent gain in January, the Australian Bureau of Statistics reported Wednesday.
RTTNews | Pred 867 dňami
NZ Dollar Strengthens As Most Asian Stock Markets Rise

NZ Dollar Strengthens As Most Asian Stock Markets Rise

The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday, as Asian stocks improved across most sectors, led by commodity-linked stocks amid a spike in commodity prices.
RTTNews | Pred 867 dňami
European Shares Likely To Open On Steady Note

European Shares Likely To Open On Steady Note

European stocks are likely to open higher on Wednesday after regulators blamed the role of social media and Silicon Valley Bank management for its collapse and insisted the collapse was not so much a failure of regulation.
RTTNews | Pred 867 dňami
European Economic News Preview: Germany GfK Consumer Confidence Due

European Economic News Preview: Germany GfK Consumer Confidence Due

Consumer sentiment survey results from Germany and France are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Germany's market research group GfK is scheduled to issue consumer confidence survey results for April. The consumer sentiment index is forecast to rise to -29.2 from -30.5 in March.
RTTNews | Pred 867 dňami

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