🌋 European Banking Crisis! (Credit Suisse)
✔️ Credit Suisse shares fell by 21% in pre-market trading, marking the largest one-day sell-off in history.
✔️ The main shareholder has excluded any support for the bank.
✔️ Credit Suisse management believes that not all is lost and excludes government support (or pretends that everything is okay).
✔️ European government bonds are increasing in value as investors bet on the halt of the ECB's tightening of monetary policy (similar to the situation in the US).
✔️ The ECB's interest rate decision will be announced on March 16 at 4:15 pm MSK. The press conference will be at 4:45 pm MSK.
✔️ Big names in the industry, almost all of them, say "The ECB should stop raising interest rates!"
✔️ The chances of the bank defaulting have increased by 38% (550+ points in CDS).
#CreditSuisse #bankingcrisis #europeancrisis #stocks #governmentbonds #ECB #interestrates #investors #default #CDS
✔️ Credit Suisse shares fell by 21% in pre-market trading, marking the largest one-day sell-off in history.
✔️ The main shareholder has excluded any support for the bank.
✔️ Credit Suisse management believes that not all is lost and excludes government support (or pretends that everything is okay).
✔️ European government bonds are increasing in value as investors bet on the halt of the ECB's tightening of monetary policy (similar to the situation in the US).
✔️ The ECB's interest rate decision will be announced on March 16 at 4:15 pm MSK. The press conference will be at 4:45 pm MSK.
✔️ Big names in the industry, almost all of them, say "The ECB should stop raising interest rates!"
✔️ The chances of the bank defaulting have increased by 38% (550+ points in CDS).
#CreditSuisse #bankingcrisis #europeancrisis #stocks #governmentbonds #ECB #interestrates #investors #default #CDS