Bailouts are back, Fed outlook reassessed, Pfizer M&A - what's moving markets

Will SVB Collapse Trigger a U.S. Banking Crisis?

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📚 Daily Digest  |  Monday, Mar 13, 2023     Bailouts are back, Fed outlook reassessed, Pfizer M&A - what's moving markets   © Reuters. Bailouts are back. Tech bros and crypto firms breathe a sigh of relief as the Feds step in to guarantee all of the deposits at Silicon Valley Bank and Signature Bank, as well as setting up a new liquidity program to stop contagion to the wider banking sector. That hasn't stopped other west coast banks in particular from selling off in premarket, however. The dollar plunges as markets bet that the Federal Reserve will be too scared of causing a crash to raise interest rates in March. Bond yields fall as the flight to safety outweighs any fear of future inflation. Crypto soars accordingly. And Pfizer is set to buy Seagen for $43 billion. Here's what you need to know in financial markets on Monday, 13th March. Read More     Today's Top News Stock Market U.S. stocks pressured by bank contagion fears U.S. stocks were under pressure on Monday, weighed down by tumbling bank stocks amid fear of contagion from the collapse of SVB Financial Group... Stock Market Biden backs strength of banking system after failure of SVB, Signature Bank U.S. President Joe Biden looked to provide reassurance over the state of the country's banking system on Monday, after federal authorities... Economy U.S., European bond yields crumble as bailouts drive central bank repricing Bond yields in the U.S. and Europe plunged on Monday as markets abruptly reassessed the outlook for central bank action in the wake of weekend... Stock Market First Republic Bank shares slump as analysts flag impact of SVB collapse Shares in First Republic Bank (NYSE:FRC) shed nearly two-thirds of their value in premarket trading on Monday, as wider fears over the health... Stock Market Citi predicts large banks will be 'winners' from SVB collapse, upgrades PNC to buy Heavily capitalized banks will be able to snap up more market share following the turmoil surrounding the collapse of Silicon Valley Bank and... Read More News » Today's Top Analysis     Mar 13, 2023 by Ismael De La Cruz/Investing.com Will SVB Collapse Trigger a U.S. Banking Crisis?   by Ismael De La Cruz/Investing.com  |   Mar 13, 2023   Mar 13, 2023 by Barani Krishnan/Investing.com Commodities Week Ahead: Oil, Gold Caught Between Slow-Boil SVB Crisis, CPI   by Barani Krishnan/Investing.com  |   Mar 13, 2023   Mar 13, 2023 by Michael Kramer 6 Stock Market Predictions for the Week Ahead   by Michael Kramer  |   Mar 13, 2023   Mar 13, 2023 by Chris Kimble Could 2-Year Yields Be Suggesting the Start of Another Financial Crisis?   by Chris Kimble  |   Mar 13, 2023 Read More Analysis »

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