Author - Sequoia Direct

Release of February’s inflation data boosts US shares

15 Mar 2023 - US stocks rose Tuesday as investors bet the risk of contagion following the closures of Silicon Valley Bank and Signature Bank has been contained. Traders also focused on the latest US inflation data. The consumer price index rose 0.4% in February from January, matching the consensus estimate of economists polled by Dow Jones. The annualised increase of 6% was also in line with economists’ expectations.

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Bank crisis spooks markets

13 Mar 2023 - Stocks tumbled Friday as tech-focused lender Silicon Valley Bank shut down following losses in its bond portfolio, prompting the biggest bank failure since the global financial crisis and sending shockwaves through the banking sector.

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