What's Moving The Market Monday?

Michael Horton
1 min read
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In this article:

Top News

  • Credit Suisse (NYSE: CS) said as a result of the Archegos Capital Management default, the bank may see significant losses material to their first-quarter results. Bank stocks traded lower in early trade Monday.

  • Deutsche Bank (NYSE: DB) said they have significantly de-risked exposure without incurring any losses, and will continue to unwind the client positions.

  • The stranded ship stuck in the Suez Canal has been re-floated, allowing vessels to resume travel through the waterway later this week.

  • Visa (NYSE: V) said the company will allow the use of USD Coin, a stablecoin, to settle transactions on their payment network.

Indices Around The Globe

  • S&P 500 Futures flat to near 3,964.

  • U.K.'s FTSE 100 down 0.07% to near 6,736.

  • Japan's Nikkei 225 up 0.71% to near 29,384.

Bonds

  • 10-year treasury yield at 1.71%.

Commodities

  • Crude oil up 1% to near $61.58/barrel.

  • Gold down 1.2% to near $1,711/oz.

  • Silver down 1.6% to near $24.64/oz.

Crypto

  • Bitcoin up 4.25% over the last 24 hours to near $57,532.

Preview For Tuesday, March 30

  • United States Case-Shiller NSA - 9 a.m. EDT

  • Consumer Confidence - 10 a.m. EDT

  • API Weekly Crude, Gasoline, Distillates - 4:30 p.m. EDT

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