Japan -1.16%.
Porcelain -0.23%. PBOC LPR configuration: 1 year and 5 years unchanged, as expected.
Hong Kong -2.90%.
Australia -1.38%.
India -0.88%.
On Friday, US stocks fell to round out a rollercoaster week as investors pulled positions in First Republic and other bank stocks amid persistent rallying. concerns about the state of the US banking sector. The Dow Jones fell 384.57 points to close at 31,861.98 and the S&P 500 fell 43.64 points to close at 3,916.64. The fall in the Nasdaq concluded trading at 11,630.51, falling 86.76 points in the day.
Switzerland’s largest bank, UBS, announced late Sunday that it will buy the country’s second-largest lender, Credit Suisse, for $3.23 billion and take losses of up to $5.4 billion in a deal backed by a massive Swiss guarantee. Following the announcement, the US Federal Reserve, the European Central Bank, and other major central banks pledged to improve market liquidity and support other banks.
Oil prices rose on Monday after suffering their biggest weekly loss in months as UBS struck a deal to buy Credit Suisse and some of the world’s biggest central banks tried to calm and stabilize global financial markets.
Brent crude futures It rose 35 cents, or 0.5%, to $73.32 a barrel at 0007 GMT after a loss of nearly 12% last week, its biggest weekly drop since December.
US West Texas Intermediate Crude it was at $67.11 a barrel, up 37 cents, or 0.6%, after a 13% drop last week, the biggest since last April.
Gold prices fell on Monday, with its safe-haven appeal diminishing as risk sentiment improved after Swiss lender UBS sealed a deal to buy its peer Credit Suisse in a bailout effort to stabilize financial markets. world.
golden point It was down 0.7% at $1,973.44 an ounce by 0404 GMT, after falling 1% earlier in the session. usa gold futures increased 0.3% to $1,978.40.
silver point fell 1.2% to $22.32 an ounce, platinum fell 0.6% to $970.27 and palladium it was 0.4% lower at $1,414.10.
US futures mostly down. dow jones -0.21%; S&P 500 -0.01%; nasdaq +0.09%.
Check out previous coverage of Credit Suisse’s Seeking Alpha:
UBS confirms agreement to acquire Credit Suisse for $3.25B in shares
Previously, Bloomberg reported that UBS has agreed to buy Credit Suisse for ~$2B
Credit Suisse was said to be opposed to the $1B UBS takeover
On March 17, it was reported that USB was in talks to take over Credit Suisse.
Some banks were said to be limiting transactions with Credit Suisse
Credit Suisse shares initially jumped on March 16 when it said it took out a $54 billion loan from the Swiss National Bank.
On March 15, Switzerland’s central bank said it would provide liquidity to Credit Suisse if necessary.
On March 18, Seeking Alpha contributor IP Banking Research discussed the implications of a forced CS/UBS wedding.
