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Fed increases interest rates by 25 basis points

23 Mar 2023 - Stocks tumbled on Wednesday as the Federal Reserve continued hiking rates, while at the same time acknowledging turmoil in the banking sector could slow the already f…

ASX closes 0.87% higher in biggest daily gain in two months

22 Mar 2023 - Australian shares rose by 0.89 per cent today to close at 7,015.60, the largest gain in two months, due mainly to a surge in oil prices that boosted energy stocks. In…

Energy leads the way as ASX is 0.94% higher at noon

22 Mar 2023 - The ASX is up 0.94 per cent at noon with energy stocks leading the rally. Bank shares also rose, with Suncorp (ASX:SUN) up 3 per cent and Bendigo Adelaide (ASX:BEN) u…

US Treasury Secretary reassures intervention to protect smaller banks

22 Mar 2023 - Stocks rose on Tuesday as traders became optimistic on the financial sector’s outlook following Treasury Secretary Janet Yellen’s reassurances to safeguard against fu…

Rebound in financials boosts ASX

21 Mar 2023 - The sharemarket had a positive day on Tuesday, finishing 0.82 per cent higher at 6,955.40, with the financials sector leading the way with a 1.2 per cent gain.

ASX up 1.3% at noon as UBS makes large forecasts

21 Mar 2023 - According to UBS analysts, peak food inflation at Australian supermarkets Coles and Woolworths likely occurred during the December 2022 Christmas shopping period, rea…

US stocks rise after signs the banking sector may be easing

21 Mar 2023 - Stocks closed higher on Monday as traders grew hopeful that a crisis in the banking sector may be easing. The gains followed a forced takeover of Credit Suisse by UBS…

ASX closes 1.38% lower as investors digest Credit Suisse takeover

20 Mar 2023 - On Monday, at the closing bell, the S&P/ASX 200 was 1.38 per cent lower at 6,898.50, as investors considered the takeover of Credit Suisse and awaited the Federal Re…

ASX falls 0.38% at noon as US investors pull back on bank stocks

20 Mar 2023 - Nine out of eleven sectors are trading lower today, in response to poor performance on Wall Street over the weekend, including the news that investors were pulling ba…

UBS purchases Credit Suisse for US$3.25bn

20 Mar 2023 - Stocks fell Friday as investors pulled back from positions in First Republic and other bank shares amid lingering concerns over the state of the US banking sector.

Energy lifts ASX by 0.4%

17 Mar 2023 - On Friday, Australian shares increased by 0.4 per cent to 6994.8, with the energy sector performing the best, rising by 1.9 per cent. Liontown Resources (ASX:LTR) and…

Sectors mostly lower as ASX is down 0.08% at noon

17 Mar 2023 - Most sectors are lower, however, gains from Energy and Materials help contain big losses. In company related news, battery manufacturer Magnis Energy (ASX:MNS) has be…

US stocks rise after banks look to bail out First Republic

17 Mar 2023 - Stocks rose Thursday as Wall Street grew increasingly optimistic after a group of banks said it would aid First Republic amid the industry’s crisis.

Commodity stocks drag ASX 1.5% lower

16 Mar 2023 - At the closing bell, the S&P/ASX 200 was 1.46 per cent lower at 6,965.50, erasing almost all gains for 2023 and just above the year low of 6946.2 points on January 3.

ASX falls 1.56% at noon despite positive employment data

16 Mar 2023 - Australia's unemployment rate decreased to 3.5 per cent in February from 3.7 per cent in January, and the economy added 64,559 jobs month-on-month, beating expectatio…

Credit Suisse on the verge of collapse

16 Mar 2023 - The Dow Jones Industrial Average fell Wednesday as investors contemplated the future of Credit Suisse, a bank with a large international and US presence, and peers.

Big gains from Tech boost ASX 0.86% higher

15 Mar 2023 - The Australian stock market experienced a 0.89 per cent increase, reaching 7068.9 points, mainly due to growth in the technology industry.

ASX up 0.29% at noon on the back of big gains in Tech

15 Mar 2023 - The Australian stock market has recovered following encouraging performance in the United States, with the majority of sectors experiencing gains.

Release of February's inflation data boosts US shares

15 Mar 2023 - US stocks rose Tuesday as investors bet the risk of contagion following the closures of Silicon Valley Bank and Signature Bank has been contained. Traders also focuse…

ASX falls 1.4% to lowest point in three months

14 Mar 2023 - At the closing bell, the S&P/ASX 200 was 1.4 per cent lower at 7,008.9, a three-month low. The fall was mainly due to concerns about a financial crisis after the coll…

ASX sinks to lowest point since Jan: Aus shares down 1.91% at noon

14 Mar 2023 - Earlier today, the S&P/ASX 200 stock index of Australia experienced a decline of 2.1 per cent and hit a new low of 6956.7, which is close to its lowest point of the y…

US regional banks get slammed as the SVB saga continues

14 Mar 2023 - The Dow Jones Industrial Average dropped on Monday as a plan to backstop all the depositors in failed Silicon Valley Bank, along with other extraordinary measures, fa…

Tech and Financials drag ASX: Aus shares close 0.5% lower

13 Mar 2023 - On Monday, the S&P/ASX 200 decreased by 0.5 per cent, or 35.9 points, to 7108.8 due to losses in the financials and technology sectors.

ASX down 0.61% at noon as the SVB saga continues

13 Mar 2023 - The collapse of Silicon Valley Bank has caused concern in the US banking and technology industries, reminding investors of the risks they had ignored. Bank stocks hav…

Bank crisis spooks markets

13 Mar 2023 - Stocks tumbled Friday as tech-focused lender Silicon Valley Bank shut down following losses in its bond portfolio, prompting the biggest bank failure since the global…

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