Sunday, March 12, 2023

The SVB Collapse: Excesses of private market spilling over to public market

The US market's three main stock indices fell between 1% and 2% on Friday in response to the news of SVB's collapse and a resilient American jobs market. The weakness could rub off on Dalal Street on Monday morning as foreign investors may step up selling on local stocks in a flight to safer assets. The Sensex and Nifty have fallen over 2% in the past two trading sessions mainly led by domestic banks.

from Economic Times https://ift.tt/5NojEO2

No comments:

Post a Comment

Oil Price Today (March 25): Oil slips below $100 on rising hopes of Iran war ceasefire. Here’s what experts are saying

Oil prices saw a significant drop as hopes for a ceasefire in the Middle East grew. Reports suggested a U.S. proposal aimed at ending the co...