Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Credit Suisse spreads the banking crisis to Europe

InternationalMar 16, 2023
Credit Suisse spreads the banking crisis to Europe

The banking crisis that began with Silicon Valley Bank’s collapse looked contained, Credit Suisse destabilized the sector. Its shares tanked 24.24% after its largest investor, Saudi National Bank, said it couldn’t provide the Swiss bank with further financial assistance due to regulations- CNBC

Markets across Europe fell sharply — Stoxx 600 lost 2.92% — as banking stocks plunged 7%. BNP Paribas slid 10.11%, Societe Generale dropped 12.18% and Deutsche Bank fell 5.17%. Several bank stocks were even temporarily halted from trading during the day because of their steep losses.

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.