Stock markets slump amid fears of SVB contagion
By DW
14 March 2023 |
12:29 pm
The closure of Silicon Valley Bank, followed by Signature Bank, has undermined market confidence and raised recession risk fears. Stocks and equities in Asia dropped amid fears about exposure.
In this article
Related
Related
30 Jun 2019
Companies remain torn between making socially responsible investments and meeting the short-term expectations of the stock market. But it's not all gloom and doom for green investors, especially in Europe.
27 Feb 2020
Public health officials have urged businesses to prepare for an outbreak in the US, a move that has triggered yet another market downturn. For investors, "it's hard to be optimistic," according to financial analysts.
26 Apr 2020
European stocks plummeted just after opening as the coronavirus outbreak destabilizes the world economy. Recent global stimulus measures failed to offset virus concerns.
2 Apr 2020
European stock markets have started the month in the red, after global shares had their worst three months since the financial crisis. The massive sell-off began around six weeks ago as investors tried to adapt to the coronavirus pandemic. As we enter a new quarter, there is no sign of improvement - stocks in Europe slumped by over 3 percent in trading this Wednesday. Also today, we discuss new figures showing that online sales have fallen for many French retailers since the lockdown began in the country
6 Nov 2020
Wall Street jumped on Wednesday, despite the uncertainty over the outcome of the US presidential election. Craig Erlam, senior markets analyst at Oanda, says investors are anxious to avoid a protracted dispute over the results. Also in the show, Business Editor Kate Moody looks at how carmakers and the tech industry could be affected by the outcome. Plus, California voters hand a victory to Uber in a key referendum on the gig economy.
12 Apr 2021
The International Monetary Fund has given a stark warning after "excessive risk-taking" in the markets by investors. Stocks around the world, especially those of tech firms, have surged during the coronavirus pandemic.
29 Jan 2022
Stock markets slumped in Asia on Thursday and European shares started the day's trading in the red, after signals from the US Federal Reserve that it could raise interest rates more than three times in 2022. Fed Chair Jerome Powell said the central bank's policy committee was "of a mind" to start raising rates in March, and that it would be guided by the economic data. FRANCE 24's Business Editor Stephen Carroll looks at market reaction to the announcements.
28 Nov 2022
Nationwide protests against China's zero-Covid policy have left investors concerned about the outlook for the country's economy. On Monday morning, both the Shanghai Composite and Hang Seng in Hong Kong were posting losses.
14 Mar
The closure of Silicon Valley Bank, followed by Signature Bank, has undermined market confidence and raised recession risk fears. Stocks and equities in Asia dropped amid fears about exposure.
Latest
1 day ago
The largest corruption scandal in Southeast Asia's history has shaken Vietnam's anti-graft drive. Experts have warned that the country's economic stability may be at stake.
1 day ago
Talking Europe hosts Pascal Canfin, the chair of the environment committee at the European Parliament. He is a former French government minister and a former director of the French branch of the World Wildlife Fund (WWF). We take a look at what is coming out of the COP28 climate summit in Dubai, and at the state of the EU's green transition.
1 day ago
The United States has the highest maternal mortality rate among industrialised countries. Our reporters head to Louisiana where Black women are four times more likely to die from pregnancy or childbirth complications than White women. Also #MeToo finally reaches Taiwan where a growing number of women have been speaking out about their experiences working with sexual predators.
1 day ago
As fighting resumes between Israel and Hamas after a one-week truce, FRANCE 24 speaks to Philippe Lazzarini, Commissioner-General of the United Nations Relief and Works Agency for Palestine Refugees (UNRWA). He said he was "deeply concerned" at the looming prospect of Israel's offensive moving to the south of the Gaza Strip.
1 day ago
Impala Platinum has halted operations at its Rustenberg complex in South Africa after 11 workers were killed and 75 injured.
1 day ago
The EU is "very concerned" that Niger's military leaders revoked an EU-backed law criminalizing migration. But residents of Niger's ancient crossroad town of Agadez are overjoyed about the move.
×

Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.