The month of May began with another bank failure. First Republic Bank was the fourth bank in two months to be seized by FDIC. The assets were later purchased by JPMorgan Chase. FRC became Second largest bank to go bust in US history SVB snubbed the mantle of SVB. Morgan Stanley Plans to Invest in Yourself cut 3,000 jobs Due to a slowdown in the dealmaking process by the end June. RBA raised its cash rate to 3.850% by 25 basis pointsMany forecasters expected a third consecutive pause.
Treasury yields Closed sharply higher due to inflation data, Fed concerns, a busy corporate calendar and upward revisions of Q2 borrowing estimates. US manufacturing sector suffers its longest contraction since 2009.. The stock markets are still choppy and in search of direction.
- FX – USDIndex kicked 102.03 In the morning, but now turned lower. USDJPY Keep extending your gains for the fourth day to 137.70, Despite market uncertainty, there is a need to be cautious.
- Stocks – You can also find out more about the following: US30 The dollar fell by -0.14%. US500 The following are some examples of how to get started: US100 The Nikkei and the Hang Seng were both slightly higher. Both the Nikkei 225 and Hang Seng 225 managed to make slight gains. #Amazon -3.22%, #Tesla -1.35%, #JPM +2.14%, #Meta +1.19%.
- Commodities – USOil The fall of the savage $74.35 Weak economic data from China, and expectations that the US will be interested in China…
