Stock Markets Climb As Traders Weigh Interest Rates Outlook
Stock markets mostly moved higher on Thursday as banking sector worries eased and traders weighed central banks interest rate plans in the wake of recent turmoil
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Stock markets mostly moved higher on Thursday as banking sector worries eased and traders weighed central banks interest rate plans in the wake of recent turmoil
Trader caution followed a relief rally this week after financial authorities moved to prevent contagion in the banking system in the wake of the collapse of three US regional lenders this month
AFP Stocks markets tumbled again on Friday as fears of a banking crisis resurfaced despite massive financial lifelines thrown at embattled lenders to prevent contagion across the sector. Markets had rallied on Thursday after Wall Street titans including JP Morgan, Bank of America and Citigroup pledged to inject $30 billion into First Republic Bank. Credit Suisse had also rebounded after it said it would borrow up to $54 billion from the Swiss central bank.
AFP Stocks markets tumbled again on Friday as fears of a banking crisis resurfaced despite massive financial lifelines thrown at embattled lenders to prevent contagion across the sector. Markets had rallied on Thursday after Wall Street titans including JP Morgan, Bank of America and Citigroup pledged to inject $30 billion into First Republic Bank. Credit Suisse had also rebounded after it said it would borrow up to $54 billion from the Swiss central bank.
Stocks markets tumbled again on Friday as fears of a banking crisis resurfaced despite massive financial lifelines thrown at embattled lenders.