Some market participants are betting the sudden financial shock could cause the US Fed to pause interest-rate hikes
The JSE was weaker on Tuesday morning, with its global stocks mixed as investors assessed the implications of the Silicon Valley Bank collapse.
Stock markets remained under pressure despite the US treasury and Federal Reserve stepping in to provide emergency funding to the banking sector, in the face of a potential banking crisis...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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MARKET WRAP: JSE pares losses as global markets assess fallout from SVB’s collapseGains in local precious metals and resources stocks helped lift the JSE off its intraday worst levels
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US stock futures rise on Fed rates bets amid moves to limit SVB falloutThe dollar slid as Goldman Sachs predicted the Bank would not lift rates next week, capping the biggest rally for short-dated Treasuries since 1987
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Focus on Africa - African startups on the SVB collapse - BBC SoundsHow might African start-ups be affected by the collapse of Silicon Valley Bank? 🎧 FocusOnAfrica spoke to Benji_Fernandes who founded Tanzanian fintech NALA, which formerly banked with SVB.
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British tech sector 'at serious risk' after SVB collapse: govtChancellor Jeremy Hunt warned that Britain's technology and life sciences sectors are at 'serious risk' following the closure of the Silicon Valley Bank.
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Business Maverick: S&P futures jump on SVB backstop, rate bets shift: markets wrapUS stock futures rallied more than 1.5% while the dollar and bond yields tumbled as investors digested the steps taken by regulators to shore up the American financial sector in the wake of Silicon Valley Bank’s failure.
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SVB collapse seems to be contained, so far …[ICYMI] MoneywebNow podcast with SimonPB, analysis of the Silicon Valley Bank collapse, Citadel on whether there are any positives to the latest GDP numbers and a look at how bias affects investment decisions. Download podcast:
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