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Global Market Quick Take: Asia – March 27, 2023

From home.saxo

US equities recouped some of the losses from mid-week to finish on a positive note, with the S&P 500 rising by 0.6% on Friday, extending the weekly gain to 1.4%. Nasdaq 100 edged up 0.3% on Friday and finished the week 2% higher. The plunge of the share price of Deutsche Bank (DBK:xetr) caused jitters in the European stock markets and the fear spilled over to the U.S. equity market at the opening trades. The KBW Bank Index was down as much as 2.4% in early trading before it rebounded and finished the session 0.4% higher. The relative strength between large money center banks and regional banks reversed on Friday with ... (full story)

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  • Category: Fundamental Analysis