5 things to know before the stock market opens Monday
Publishing timestamp: 2023-03-20 07:09:07
Summary
UBS has agreed to buy Credit Suisse for $3.2 billion, with Swiss regulators and central bankers offering billions in backup. The Federal Reserve has joined with five other central banks to ease liquidity concerns in global markets ahead of its policy-setting committee meeting this week. The failures of Silicon Valley Bank and Signature Bank continue to ripple through the US financial system, with investors focusing on First Republic as the main representative of large regional banks in the US. Chinese President Xi Jinping has landed in Russia for meetings with Vladimir Putin, in a show of unity between the two nations at a tense time for geopolitics.
Sentiment: NEUTRAL
Tickers: CS, CSG.N-CH, FRC, UBS, NYCB, UBSG-CH,
Keywords: first republic bank, ubs group ag, new york community bancorp inc, credit suisse group ag, investment strategy, economy, business, markets, business news,
Source: https://www.cnbc.com/2023/03/20/5-things-to-know-before-the-stock-market-opens-monday-march-20.html