Deutsche Bank (XE:DBK) shares fell over 10% on Friday after a big spike in credit default swaps.
In the US, banks were impacted by the news causing more contagion fears, despite Janet Yellen’s comments that they have tools to fight against it.
FedWatch now predicting no rate hike at the next FOMC Meeting on May 3, despite Jerome Powell saying that while they will be data dependent, there are more hikes to come to battle inflation.
If you haven’t yet watched the FOMC Meeting from March 22, you can see it here:
Top Movers for March 24, 2023 (at 10:30am EST)
VACC is up 30%
TRKA is the most active stock on the NASDAQ with 70M shares traded so far.