Spring has a new start: a stronger risk appetite Though banking jitters are still an undercurrent, the various rescue measures, including UBS’s takeover of Credit Suisse over the weekend, helped ease global tensions. Trading in Japan It is closed on public holidays. European and US Stocks For now, there are continuing gains as the US Dollar stabilizes at 103.
European officials confirmed that equities would take losses over risky bonds. Asia’s AT1 bond markets have seen a recovery. Speculations that the US Temporarily, we could agree All bank deposits are guaranteeds If the financial crisis continues, it will also help!
- RBA Commentators indicated that the bank will take into account A pause in tightening cycles at the next meeting.
- ECB: ECB’s de Cos won’t validate bets of 3.25% peak deposit rate. Given recent market volatility and cautious comments from the situation Lagarde Markets have lower expectations for the peak rate of deposit. 3.25%, This would only be a 25-bp increase. ECB’s Kasaks We suggest more rate hikes if things stabilize.
- FX – USDIndex The price is slightly higher at 103.10 today. EUR A little lower 1.0712 But still in an upchannel JPY At least PP 131.72. STerling Holds gains above 1.2250. AUD…