From SVB’s emergency purchase to supply issues caused by Iraq and Turkey, this article lists the factors that have driven Oil prices upward on Monday.
This week, key economic data ranging from GDP to CPI and Consumer Confidence are set to be released and policymakers are expected to testify about SVB’s collapse. How can this week’s upcoming economic events affect the markets?
Following SVB’s collapse it seems that the banking industry is suffering the consequences. On Sunday, it was revealed that UBS is purchasing its rival, Credit Suisse. What could be behind this emergency purchase and how is the market responding?
Silicon Valley Bank collapsed on Friday, March 10th, 2023, and sent shocks through the various markets. So what is SVB exactly, what caused its collapse, and how are the markets reacting?
This information is written by Plus500 Ltd. The information is provided for general purposes only, and does not take into account any personal circumstances or objectives. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. No representation or warranty is given as to the accuracy or completeness of this information. It does not constitute financial, investment or other advice on which you can rely. Any references to past performance, historical returns, future projections, and statistical forecasts are no guarantee of future returns or future performance. Plus500 will not be held responsible for any use that may be made of this information and for any consequences that may result from such use. Hence, any person acting based on this information does so at their own discretion. The information has not been prepared in accordance with legal requirements designed to promote the independence of investment research.
Plus500 uses cookies to improve your browsing experience. Click "Accept" to consent to all cookies or manage preferences on our cookie policy page.
Hi! You've reached our website for customers based outside of the United States.
Make the move to Plus500US in order to start your Futures trading journey!
