The ECB Cuts Again
Can't Stop Won't Stop
Last week was an eventful one, to say the least. Both the Fed and the Bank of England (BoE) raised interest rates by a quarter of a percentage point. The former reckons the US banking system is sound and resilient, and remains focused on bringing inflation down to its 2% goal. The BoE, meanwhile, has a long battle ahead after new data out last week showed UK inflation unexpectedly accelerated in February for the first time in four months. That means Britain is the only G7 nation with inflation still stuck in double digits.Elsewhere, last week saw a dramatic end to Credit Suisse’s woes, with rival UBS agreeing to buy the troubled bank in a government-brokered deal that valued Credit Suisse at $3.2 billion. But as part of the rescue deal, $17 billion worth of Credit Suisse’s additional tier one (AT1) bonds, a type of bank debt designed to take losses during a crisis, was written down to zero. That sparked concern about similar debt and led to further turmoil in the European banking sector at the start of last week, leaving the sector’s valuation near levels last seen during major crises. Finally, liquidity is deteriorating in the world’s biggest and most important bond market, and that has big implications for the global financial system. Find out more in this week’s review.
The ECB Cuts Again
Slowing Disinflation
Golden-Week Rush
China’s Massive Package
The Fed’s Big Rate Cut
The ECB Cuts Again
Banks Turn Bearish On China
Million-Dollar Gold Bar
Bonds Are Back
Black Monday
Diverging Rate Decisions
Still Strong
Smaller Is Better
The Name Is Bond, Green Bond
Landslide Victory
AI-Frenzy Takes a Break
Bye Apple, Hello Nvidia
The Fed Stays Put
An Indian Rollercoaster
The Name’s Bond, Convertible Bond
Nvidia Does It Again
A Small Relief
From Boom To Bust
Higher For Longer
Still Magnificent
Halve And Havoc
Stubborn Inflation
Choc Shock
An End Of An Era
Britain Bounces Back
China's Goal
Bye iCar, Hello iAI
Nvidia Beats Expectations
Germany Overtakes Japan
Riding The Dragon
China’s Falling Behind
India Outshines Hong Kong
Aging Dragon
US Inflation’s Accelerating
Tesla Lost Its Crown
2023 Market Wrap-Up
The Last Samurai
Fed Teases 2024 Rate Cuts
Bond Market's License to Thrill
Cyber Week Bonanza
OpenAI's Leadership Shuffle Drama
Inflation’s Cooling In The US And UK
Back Into Deflation
Triple Hold On Rate Hikes
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