China Last Night KraneShares Key News Asian equity markets rebounded overnight, less so India, as Silicon Valley Bank (SVB) contagion fears receded. This morning, European markets and banks sold off s...
Tag: European
Credit Suisse stock falls 28% as European banks slammed
Credit Suisse (SWX:CSGN) is freefalling. PTSD for Europeans is flaring up, as a phrase they thought had been condemned to the annals fo history – “banking failure” – is suddenly again receiving airtim...
Credit Suisse Sinks, Fueling $60 Billion Rout in European Banks
(Bloomberg) — Credit Suisse Group AG shares plunged and credit default swaps were near a distressed level after its biggest shareholder ruled out any additional support. Most Read from Bloomberg...
Bitcoin proving to be an independent player in European market turmoil
Quick Take Bitcoin remains uncorrelated to European stock markers as turmoil spreads to Europe from the U.S. Bitcoin has a -0.21 correlation with the FTSE 100. Bitcoin has a -0.71 correlation with the...
Dow Jones Futures Fall 500 Points As Credit Suisse Triggers European Bank Sell-Off
Dow Jones futures sold off early Wednesday, along with S&P 500 futures and Nasdaq futures, with Credit Suisse (CS) tumbling as its top shareholder ruled out investing more in the ailing Swiss bank...
Credit Suisse shares tumble to new record low as European banking sector reels
Swiss banking giant Credit Suisse on Wednesday saw its shares fall to a new record low, pressuring the broader market and the rest of the European banking sector days after two lenders collapsed in th...
After US banks fail, contagion heads to European banks – smaller banks begin to fold
Quick Take Credit Suisse share price hits a record low — $2.19, a pre-market low of over 12%. The problem for Credit Suisse is that it cannot cover deposit flights and borrow money in the markets. Acc...
European Stocks, US Futures Slip on Rate-Hike Bets: Markets Wrap
(Bloomberg) — Stocks in Europe declined amid disappointing results from large clothing retailers and worries over Credit Suisse Group AG. US equity futures edged lower and short-end Treasury yie...
European Auto Sales Will Advance In 2023, But Profits Likely To Wilt
Europe map and car toy – travel background getty Europe’s automakers pleased investors with strong profit reports for 2022 but they will be raising eyebrows as some experts see deteriorating ear...
U.S. Crypto Firms Explore European Banking Partners Amid Financial Crisis
The recent banking crisis in the U.S., which resulted in losing three crypto-friendly banks, Silvergate Capital, Silicon Valley Bank, and Signature Bank, has raised concerns among U.S.-based firms. A...
Energy Diplomacy Isn’t Helping Russia In Africa
Russian President Vladimir Putin (C) gestures as Egypt’s President Abdel Fattah al-Sisi (L) and … [+] South African President Cyril Ramaphosa (R) pose for a family photo with African count...
European stocks slip in early trade after U.S. bank bailout package
European stocks declined in early action on Monday, while U.S. stock futures were pointing higher after a turbulent weekend which saw another major bank collapse and a new rescue package get announced...
European bank stocks sink as Silicon Valley Bank jitters spread
European banking stocks sold off sharply in early trade Friday as a global contagion effect took hold after shares in U.S. bank SVB Financial plunged 60%. It followed an announcement by the tech-focus...
European Asset Manager Believes Bitcoin is Not Doomed Despite Industry Collapse
Despite the recent collapse of the cryptocurrency industry, one major European asset manager, Amundi, believes that digital assets like Bitcoin still have potential. In a recent thematic paper analyzi...
Claire’s Opens First European Flagship In Paris, Designed With Nicola Formichetti
Claire’s first European flagship is in Paris in the 11th arrondissement, a neighborhood that … [+] resonates with Gen Z and Alpha. Courtesy of Claire’s Nicola Formichetti, the Japane...
European companies showing ‘surprise resilience’ — and better value than the U.S.
A trader works as a screen displays the trading information for BlackRock on the floor of the New York Stock Exchange (NYSE) in New York City, October 14, 2022. Brendan McDermid | Reuters LONDON — Eur...
Netherlands ranked as most crypto-curious European country
Ad Judging by the number of crypto-related internet searches, the Netherlands came in as the most crypto-curious country among all 46 European nations, according to Dua Crypto’s European Crypto Index....
European Central Bank chief economist Lane says rate rises will continue after March
Philip Lane, the chief economist of the European Central Bank, said interest-rate rises will have to continue beyond the March meeting, when a 50 basis point rate hike is seen as almost 100% certain. ...
Continuous Rise of Crypto Scammers in the European Nations
There have been multiple cyber attacks and exploits over the last two years in the crypto sector. The weak crypto regulations and less focus on the crypto market paved a path for the scammers to steal...
European New ICE Vehicle Ban In 2035 Stumbles, But Has It Crashed?
European Union sets new climate law: net-zero emissions are now a target for 2050 – Carbon … [+] Neutrality concept with CO2 and O2 molecules against tree canopy and sky background getty T...
Gemini says third-party incidents resulted in phishing scam targeting European users
Gemini disclosed incidents attributed to a third party that resulted in a phishing campaign targeting users in the UK and Europe, according to a client email seen by The Block. Scammers have use...
European Commission Calls the Sandbox a Better Alternative to DLT
Blockchain Regulatory Sandbox launched for regulatory discussions on the use of cutting-edge blockchain technology. The Sandbox will provide legal certainty for decentralized technological solutions. ...
European Union is welcoming crypto amid regulatory crackdown in U.S.
Europe is opening its doors to crypto amid the regulatory crackdown on crypto firms in the United States. European officials are pitching the EU as a friendly place for crypto firms to set up their bu...
WhiteBIT shares its expertise at the European Blockchain Convention: “Market Making is key to crypto market recovery”
The team of Europe’s largest cryptocurrency exchange, WhiteBIT, attended the European Blockchain Convention, held February 15-17 in Barcelona. There they explained why market making is the key to the ...
US, European Futures Retreat Alongside Asia Stocks: Markets Wrap
(Bloomberg) — US and European equity futures declined along with Asian stocks on Tuesday as investors weighed the prospect of central banks tightening policy more than previously expected to tam...
The European Commission Announces the Launch of the European Blockchain Regulatory Sandbox
On February 15, the European Commission made the announcement that it will be launching the European Blockchain Regulatory Sandbox. The regulatory sandbox will serve as a forum for discussion around 2...
Putin losing energy war as European gas supplies near record levels
Vladimir Putin has seen Russian revenues from gas tumble from highs set in August – Sputnik/Mikhail Metzel via Reuters Europe is on course to end the winter with near record volumes of gas in st...
Euro Stoxx 50 index outlook as European stocks rally gains steam
The Euro Stoxx 50 index is having a good year as investors bet on a strong recovery of the European economy. The index, which is made up of the biggest public European companies, rose to a high of €4,...
European Markets Flat amid Impending Fed Chair Comments
European markets remained flat on Tuesday as all eyes are on Jerome Powell’s imminent congressional statement. European markets are currently flat as investors await the congressional testimony by Fe...