
Market Hears Dovish Fed Hike And Sells Dollars
USD remains under pressure following the Fed's rate hike. After a poor showing yesterday, US index futures are trading with a firmer bias. Europe's STOXX 600 is snapping a three-day advance.
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Terms Of UBS Acquisition Wipe Out Additional Tier 1 Capital And Spur Fresh Concerns
Asia-Pacific equities was a sea of red, and Japan and Australia indices shed more than 1%. Dollar Index remains within the range seen last Wednesday (~103.45-105.10) but is at the lower end.
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Fragile Calm To End The Volatile Week Even With The Quadruple Expirations
Ahead of the quadruple expiration in the US today, the equity futures are little changed but slightly firmer.
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Swiss National Bank Support Steadies Market As ECB Faces Difficult Choice
Amid the US banking crisis, Credit Suisse's woes are sending ripples through the capital markets, trigging a sharp slide in the euro. SNB support is helping the markets calm today.
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Does The U.S. Inflation Report Matter, Or Has It Been Superseded By Deflationary Forces Of A Financial Crisis?
Despite some high-profile calls to the contrary, we suspect the Fed will still hike rates by 25 bp next week. The dollar has come back better bid today but generally consolidating.
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U.S. Banking Crisis Swamps Other Considerations
The fear of a crisis that spurred a sharp drop in US rates ahead of the weekend pushed European rates sharply lower too. Find out more here.
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Market Prices In A Fed Cut In Q4 Ahead Of CPI, While ECB To May Deliver A 50 BP Hawkish Hike
The US February CPI will be reported on March 14. The UK's Chancellor of the Exchequer Hunt will deliver the spring budget on March 15.
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