Treasury note yield is presently fetching 3.313%. Nymex crude oil prices hit a 1.5-year low of $63.64 overnight but rebounded and are now trading around $68.50 a barrel. The key outside markets today see the U.S. ADP national employment report on Wednesday came in strong, showing 296,000 jobs were created in April, almost double the forecast. The key non-farm payrolls number is forecast to come in at up 180,000 versus a rise of 236,000 in the March report. The marketplace is now looking forward to Friday's April U.S. Global stock markets were mixed to weaker overnight. Reads a Barrons headline today: "Powell says banking system is ‘sound and resilient ' try telling that to PacWest investors." The European Central Bank met Thursday and raised its main interest rate by a quarter-point, as expected.īanking crisis will escalate if commercial real estate collapses, gold could reach $3k in 2024 - Andrew Axelrod banking turmoil on the front burner of the marketplace and keeping traders and investors nervous. PacWest is much smaller in size compared to failed Silicon Valley Bank and First Republic Bank. The bank is reported to be considering strategic options including a sale. Its stock price saw a 60% decline in after-hours trading Wednesday. Reports now say PacWest Bancorp, a California-based lender, is in trouble. banking system, parts of which are shaky. Another interest rate increase from the Federal Reserve Wednesday afternoon was no help for the U.S. stock market is sharply lower at midday today as risk aversion is keen late this week. Gold and silver bulls have the strong technical advantage to suggest still more price gains in the near term. Silver prices are sharply up and near the highs for the year. ( Kitco News) - Comex gold futures prices are solidly up and overnight hit a new record high of $2,085.40 an ounce, on safe-haven demand amid a jittery U.S. Receive a comprehensive recap of the day's top stories directly to your inbox. Get all the essential market news and expert opinions in one place with our daily newsletter.
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