August 14, 2020

Markets in the USA closed the week stronger, brushing off the banking crises and embracing the dovish Fed monetary projections. After yet another week of

The Bank of England was forced to copy the Fed, with a further 25 basis point rate rise overnight, following the sharp rise recorded in

The Fed raised rates by 25 basis points, as expected, but warned of only one more rate rise this year. This is seen as ‘dovish’

Global equity markets continued to rebound, following further assurances from US Treasury Secretary Yellen, that the Government stood ready to support bank depositors, as was

A weekend of action, on both sides of the Atlantic, has served to calm markets, following the emergence of the latest banking crises. The Swiss

Markets closed down again on Friday, as the banking crises, looms large. Swiss National Bank has offered US$54 Billion in support for Credit Suisse Bank

The ECB held it’s nerve and raised rates by 50 basis points, as expected. There was huge market pressure on the ECB, to temper the

European markets stepped into the USA’s banking crises, with a halt to trading on several major European Banks. Credit Suisse has been under great pressure,

European and US markets settled down a wee bit, following the mayhem caused by the mini-banking crises. Is this the end of the crises and

US Financial authorities bailed out depositors, in the SVB bank collapse , setting a marvellous precedent for the US banking system. Bailing out Banks is