Mitrade_official

Credit Suisse jitters worries investors

FX:GBPUSD   British Pound / U.S. Dollar
Credit Suisse just announced borrowing plans from the Swiss Central Bank, once again raising concerns in the banking sector. As previous issues remain unresolved in the investment bank, its share price plunged over 10%, currently at $2.16.

As for the major US indices, the Nasdaq 100 managed to add 51 points to 12,251. On the other hand, the Dow Jones Industrial Average fell 280 points to 31,874, and the S&P 500 declined 27 points to 3,891.

In February, US retail sales contracted by 0.4% on the month, higher than Mitrade's estimates. USD/CAD then advanced 83 pips to 1.3767, but USD/JPY dropped 82 pips to 133.40. The greenback strengthened against other major currencies, with EUR/USD plunging 157 pips to 1.0575. GBP/USD decreased 93 pips to 1.2065, and AUD/USD slid 64 pips to 0.6615.

Spot gold rose $14.22 to $1,918 an ounce, and WTI oil futures closed $3.08 higher to $68.25. Bitcoin and Ethereum slowed to $24,292.0 and $1,642.61 respectively.

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