UBS have decided to buy troubled Credit Swiss bank and became the only major bank in Swiss.
Another US troubled regional bank, First Republic Bank, bank run started and might need another support from big banks or US government.
Nothing have solved in the global financial sectors but not many media want to talk about a lot somehow.
Putin and Xi met again in Moscow and China is building up their strong castle against US fast.
FOMC will be started tomorrow.
US stock market recovered well today.
DJ Index was up 1.2%, S&P 500 Index was up 0.9% and NASDAQ Index was up 0.4%.
PacWest bank was on the people’s talk a lot today. Is it going to be the next First Republic Bank? First Republic Bank’s stock price was downfall again, another 35%, means they need more money to survive.
It also means, possibly, this is just a beginning of the nightmare.
Stock market were up because the investors know that FED wouldn’t raise the rate as much as they want.
