The bull market in gold this year has been impressive. One ounce of the precious metal has risen by a fifth in price since the beginning of the year, breaking historical records. Central banks are also among the buyers of gold bars. Among them, the National Bank of Poland is once again the leader. Since […]
Tag: markets
The departure from Ocampo sends a message of uncertainty: experts
José Antonio Ocampo’s departure from the Treasury Department is a signal of uncertainty to the market, experts say. “It is a message of uncertainty for the country that has been characterized by a lot of stability in finance ministers in recent years and that this change is creating more uncertainty at the moment than the […]
The antidote to panic What happens to our money when a bank fails The nightmare of a new banking crisis is also shaking Europe these days. But is the Lehman Brothers effect really possible? And what happens to bailed checking accounts if a bank goes bankrupt? Let’s clear things up with some anti-panic antidotes
The financial market storm associated with the banking turmoil seems to have subsided, at least for now, but we had a few days of real panic in the stock market last week. The fuse was ignited by the bankruptcy of the Silicon Valley Bank in the United States. Then came the news of the Credit […]
Wall Street, First Republic Bank crash
Thump Wall Street for First Republic Bank. The start was quickly dashed in a highly volatile session with investors worried about the banking crisis. After early trading, the Dow Jones Industrial Average gained 0.39% to 31,987 points, the S&P 500 index rose 0.20% to 3,924 and the Nasdaq fell 0.25% to 11,600. In the end, […]
What is the ECB rate today: 50 point increase. Lagarde: “Too much inflation”
The ECB goes ahead and confirms the announced interest rate hike of 50 basis points. After tumultuous days on the stock exchange, fueled by the collapse of Silicon Valley Bank and the collapse of Credit Suisse, the European Central Bank announces the long-awaited decision and makes it known that it is “closely monitoring the ongoing […]
Crac of banks, Lorenzo Bini Smaghi: in Europe, the ECB will provide all the necessary money
Banker and economist Lorenzo Bini Smaghi tends to reassure us about the stability of the European banking and financial system. In case of need, moreover, the European Central Bank will intervene, which will only have to be careful not to create negative consequences for inflation. «Europe has the necessary tools to face a banking crisis […]
Financial markets, Credit Suisse sinks stock markets
International finances are still shaking. After the still hot case of the US Silicon Valley Bank, which knocked out the international stock markets for a day, yesterday a second blow from the tile put the nerves of savers and investors to the test. Swiss bank Credit Suisse plunged more than 20 percentage points on news […]
What happened to Silicon Valley Bank and why is it important to know?
European and US stock markets were in the red on Monday after Silicon Valley Bank (SVB) went bankrupt over the weekend. British HSBC Holdings bought the British branch for a symbolic pound this morning, saving current account holders’ savings. As in 2008, the fear of the financial crisis spreading became more tangible with each passing […]
One of China’s most famous billionaires has disappeared
A mystery about the disappearance of one of the most famous Chinese billionaires, Bao Fan. The chairman, CEO and controlling shareholder of China Renaissance Holding, whose clients include some of China’s leading high-tech companies such as Didi and Meituan, have been unavailable for several days. e-commerce giant JD.com. The news hit the financial market as […]
Investors, consumers and companies: all bet on Italy
Mediobanca’s internal note: it is false that the country is isolated. Lower energy risk 98.1 The confidence of entrepreneurs and consumers in Italy grows again in November. Istat announced yesterday. Just a sign, the mood can change suddenly of course. But the messages that reach abroad from Italian analysts are unequivocal in signaling that the […]