- Investors stepped cautiously into bank stocks on Tuesday, emboldened by the rescue of Credit Suisse, with share prices inching tentatively higher amid continuing concerns about smaller U.S. lenders and further financial market ructions.
Global shares rose on Tuesday, after the rescue of Credit Suisse arrested a rout in bank stocks, but signs of stress in the financial system are making investors wonder if another lender may deliver a nasty surprise, and how central banks might respond.
A look at the day ahead in U.S. and global markets from Mike Dolan. No news appears to be good news for now as two weeks of bank failures and stress make way for a nervy examination of portfolios for damage while central banks judge whether the episode should affect their interest rate plans.
China and Hong Kong shares rose on Tuesday, as fears of a global banking crisis eased after investors digested the state-backed rescue deal for Swiss lender Credit Suisse over the weekend.
Asian stocks scraped off lows on Tuesday, with the rescue of Credit Suisse stemming selling in bank shares, though the mood was fragile and the stress in the financial system had traders unsure how Federal Reserve policymakers will respond this week.
China stocks rose and Hong Kong shares stabilized on Tuesday as fears of global banking contagion eased after investors digested the state-backed rescue deal of Swiss lender Credit Suisse over the weekend.
- Investors stepped cautiously into bank stocks on Tuesday, emboldened by the rescue of Credit Suisse, with share prices inching tentatively higher amid continuing concerns about smaller U.S. lenders and further financial market ructions.
Investors stepped cautiously into bank stocks on Tuesday, emboldened by the rescue of Credit Suisse, with share prices inching tentatively higher amid continuing concerns about smaller U.S. lenders and further financial market ructions.
Asian stocks were lifted from lows on Tuesday, with the rescue of Credit Suisse stemming selling in bank shares, though the mood was fragile and the stress in markets had traders wondering whether U.S. rate hikes might be finished. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5% in early trade.
* Bank shares rally after emergency takeover of Credit Suisse. * Credit Suisse shares slump over 55% * European banks claw back ground after initial 5% tumble. * Government bond yields rise in cautious bid for risk. * Wall Street gains, First Republic Bank (FRC) tumbles. By Koh Gui Qing and Marc Jones.
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