Previous Close | 71.39 |
Open | 0.00 |
Bid | 0.00 x N/A |
Ask | 0.00 x N/A |
Day's Range | 71.39 - 71.39 |
52 Week Range | 71.39 - 71.39 |
Volume | |
Avg. Volume | N/A |
Market Cap | N/A |
Beta (5Y Monthly) | 1.32 |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
SVB deal soothes broader markets, but stress haunts banks.
Try as they might to view the glass as half full and see relief in avoiding recession, investors just can't get away from the relentless grind higher in U.S. interest rates. Booming retail sales, a super tight labour market, sticky consumer price inflation and now the biggest gain in producer prices in seven months all paint a clear enough picture of the new year so far to have the Federal Reserve stamping its feet hard again. Goldman Sachs said it now expects three more quarter-point rate rises this year - in March, May, and June - to a peak target range of 5.25%-5.5%.
Many UK high street banks are blocking payments to and from major cryptocurrency exchanges such as Binance and Coinbase.