12/20/2023 0 Comments Instant street view irelandThat helps with a modest bounce in the euro and some risk-proxy in Asia ex-Japan. "The concrete response from Swiss authorities may help to shore up sentiments in the interim. On the other hand, we are feeding into this paradigm of monetary policy bucking within itself."ĬHRISTOPHER WONG, CURRENCY STRATEGIST, OCBC, SINGAPORE "Do bailouts make things better? On one hand, you are removing a source of risk to the markets, which is a clear and present danger. The more we do this, the more we blunt monetary policy, the more we have to live with higher inflation - and what is it going to be? "Quick actions from central banks can mitigate the adverse impact on a case-by-case basis, but it is also time for the world to accept higher-than-average inflation and keep financial stability."ĭAMIEN BOEY, CHIEF EQUITY STRATEGIST, BARRENJOEY, SYDNEY: The underlying economic stress may emerge more frequently, so as liquidity, and it is possible to see more black swans in an uncertain environment." "Investors may be worried about SVB and Credit Suisse for different reasons, but both cases suffer from the side effect of high-interest rates. GARY NG, SENIOR ECONOMIST, NATIXIS CORPORATE AND INVESTMENT BANK, HONG KONG And that's not always compatible with logic." There's still very much a feeling of react first, think later. I'm just not sure if or when investors will draw the same conclusion with all the emotion in the air. "So ultimately, I think this is a good thing for market sentiment. And now, CS has the clout of (the) Swiss National Bank covering its back, which is a central bank that doesn't not mess around in the time of crisis." "Like Deutsche Bank, Credit Suisse has been a 'failing bank' as long as I can remember. MATT SIMPSON, SENIOR MARKET ANALYST, CITY INDEX, BRISBANE Here are some comments from market analysts: SINGAPORE (Reuters) - Credit Suisse said on Thursday it was taking "decisive action" to strengthen its liquidity by borrowing up to $54 billion from the Swiss central bank after a slump in its shares intensified fears about a broader bank deposit crisis.Įfforts by regulators and financial executives to ease contagion fears sparked by last week's collapse of Silicon Valley Bank (SVB) had brought some brief stability to markets but worries over Credit Suisse on Wednesday brought back jitters over banking crisis.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |