Market News

The S&P 500 sinks as the US banking crisis spreads across the Atlantic, weighing on sentiment. Meanwhile, defensive assets rally on haven demand, with the US dollar up against most of its peers....

Jeremy Hunt extended the energy cap for 3 months while boosting investment incentives and labour supply. Corporate tax incentives offered to counter tax rise...

The European banking sector is reeling again with all constituents of the Euro Stoxx index heavily in the red as risk sentiment turns sour....

Spot Gold displayed whipsaw price action following the European open, flirting with the $1900 level. Bears remain hopeful though if gold prices remain below the $1925 handle....

The ECB is set to hike rates by 50 basis points on Thursday despite the ongoing banking sector turmoil, according to one ‘source report’....

The Australian dollar is trading in the green for what could be its 3rd consecutive positive close ahead of some key US economic data. AUD/USD testing 0.67 once more....

The Euro has stacked on the gains as the US Dollar remains in a tailspin from the fallout of failed banks that have seen Fed hike expectation pared while the ECB looks to crimp CPI. Where to for EUR/USD?...

Crude oil has steadied so far today after sliding lower to start the week after a bumpy ride for markets with volatility rising as uncertainty remains ahead of the Fed. Will WTI recover?...

The Japanese Yen underperformed as US banking sector volatility cooled. Traders started pricing out aggressive Fed rate cut bets for later this year and Treasury yields rallied....

The U.S. dollar lacks directional conviction despite a rebound in U.S. Treasury yields and hot inflation data, as fragile markets call into question the Fed’s hiking roadmap....