European Central Bank regulators rethinking liquidity risk following Credit Suisse debacle - Bloomberg

Kolanovic: Q1 is High Point for Equities in 2023

March 27, 2023 2:05 PM EDT

Kolanovic: Q1 is High Point for Equities in 2023.

JPMorgan analyst Marko Kolanovic comments "Our view remains that Q1 will likely mark the high point for equities this year; we prefer low beta and are increasingly cautious on Cyclicals/Banks/Value. We view the most vulnerable areas as unprofitable companies that depend on steady flow of equity capital to fund operations and tight... More

US Four-week Bills Draw 4.150%; Allotted At High 57.04% - Bloomberg

March 23, 2023 11:32 AM EDT

US Four-week Bills Draw 4.150%; Allotted At High 57.04% - Bloomberg

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European equities boosted by the ongoing China recovery - Deutsche bank

March 23, 2023 11:13 AM EDT

Deutsche Bank analyst Maximilian Uleer said the firm remains positive on European equities as they believe they will be boosted by the recovery of the Chinese economy.

Despite heightened short-term risks from the recent events, Deutsche Bank sees the strong China recovery since its reopening in December as... More

Wall Street digests Powell's comments on banks, rate cuts and inflation

March 23, 2023 6:53 AM EDT

U.S. futures trade modestly higher in Thursdays pre-market session as investors digest Fed Chair Powells comments about the central banks future actions.

The U.S. central bank hiked its key interest rate by 25 basis points to a range of 4.75% to 5% as widely expected, but stocks fell about 2.5% off their session highs after Powell reiterated that the inflation fight isnt over.

The process of getting inflation back down to 2% has a long way to go and is likely to be bumpy, Powell told journalists.

Moreover, his comments that rate cuts are not in our base case... More

Citi expects more than a one rate hike in 2023

March 23, 2023 6:24 AM EDT

Citi economist Veronika Clark on FOMC: "The FOMC raised rates by 25bp as was mostly expected, but other elements of the decision were clearly more dovish than we were expecting. There were very few changes to forecasts in the SEP, including the dots for 2023, which remained at 5-5.25%. As... More

JPM - 'We continue to look for one more 25bp hike in May and an extended pause before the Fed eases in 2Q24'

March 23, 2023 6:18 AM EDT

JPMorgan's Mike Feroli on FOMC: "We continue to look for one more 25bp hike in May and an extended pause before the Fed eases in 2Q24."

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'We no longer expect a 25bp rate hike in June' - BofA

March 23, 2023 5:58 AM EDT

BofA economist Michael Gapen: "We no longer expect a 25bp rate hike in June and now foresee a terminal target funds rate of 5.0-5.25% reached in May."

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We continue to look for a final 25bp increase in May; rate cuts to start in March 2024 - Morgan Stanley

March 23, 2023 5:54 AM EDT

Morgan Stanley economist Ellen Zentner: 'We continue to look for a final 25bp increase in May, bringing peak range to 5.00% to 5.25%. Thereafter, we expect the Fed to remain on hold before making the first 25bp cut in March 2024."

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Wall St ends higher as Yellen vows actions to safeguard deposits

March 23, 2023 5:33 AM EDT

By Stephen Culp

NEW YORK (Reuters) - Wall Street closed higher on Thursday as market participants were reassured by U.S. Treasury Secretary Janet Yellen's reassurances that measures will be taken to keep Americans' deposits safe.

All three major U.S. stock indexes reversed an earlier rally, turning red before clawing their way back to positive territory in the final hour as Yellen resumed her congressional testimony.

Dropping Treasury yields, particularly an 18 basis point drop in two-year note yields, helped growth shares boost the Nasdaq to the head of the pack. [US/N]

"You... More