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Market Reports

9:15am, March 13th 2023

Market Volatility to Remain High

As Monday’s European trading session commences, many participants will be wary of a week packed with market-moving news and key data, all of which will ensure volatility remains elevated.

Over the weekend, developments regarding the collapse of Silicon Valley Bank kept market watchers busy. The US arm is due to be sold off imminently, whilst the UK office has been acquired by HSBC.

This week sees several key data points and events. Most importantly, it’s likely the European Central Bank announces another 50bps interest rate hike on Thursday. Investors will also be monitoring the announcement for insights into the current crisis in the US relating so SVB.

On the data front, US CPI will be the standout release. It’s forecast to show a 0.4% month/month increase which translates to a 6% annual print. The greenback and Fed will be impacted by the release and as a result, the print could create volatility across markets.

Have a good week.

Written by Viv Savani. 9:15am, March 13th 2023

The details expressed in this market report are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Cornhill International Payments limited accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information.

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