Marcus Today Pre-Market Podcast – Thursday 16th March

Renewed fears gripped global markets overnight on news of problems at Credit Suisse. US indices mixed Dow and S&P 500 closed down. Treasury yields fell, and the two-year yield is down to its lowest levels since September. Gold rallied on safe-haven buying and the USD greenback strengthened. Dow Jones down 281 points (-0.87%). Dow down 726 at worst. S&P 500 down 0.86%. NASDAQ up 0.05%. VIX Volatility Index up 10%. In Europe, STOXX 50 -3.5% FTSE -3.8% CAC -3.6% DAX -3.3%. SPI Futures are down 115 points (-1.63%).

• ASX to plunge as Credit Suisse sparks global banking rout.
• Wall Street down as Credit Suisse sparks fresh bank selloff.
• Credit Suisse unease sparks sell-off in world stocks; gold resumes rally.
• Wall Street regulator unveils new hacking, data and market resiliency rules.
• Fed rate hike campaign in question as bank stocks swoon.
• Swiss regulators rush to assuage fears over Credit Suisse.
• US retail sales point to underlying strength in the economy.
• SVB Financial explores bankruptcy as option for asset sales.
• Visa, MasterCard $5.6 bln settlement with retailers is upheld.
• Apple supplier Foxconn steps up investment outside China, as consumer electronics demand dips.
• US general says drone crash part of Moscow's increasing aggression.
• Gold rallies over 1% as Credit Suisse crisis hits risk appetite.
• Copper prices fall on stronger dollar and banking woes.
• BHP facing the largest class action in history of claims of GBP36bn

Tune in to Henry Jennings’ Pre-Market Podcast to get in the know for the day ahead. 

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