Market News

Shares of one of the world’s largest semiconductor chip manufacturers, Micron Technology (NASDAQ: MU) traded with a bid tone for the entire last week. Micron is scheduled to report the second-quarter financial report this week, which is due out after the close on Tuesday, March 28.

US stock indices and commodities opened modestly higher this week as risk sentiment improved. Moving ahead, the important economic events to watch are the series of inflation numbers from Germany and the Eurozone, the US GDP and the PCE price index.

Gold prices struggling to regain strong upside momentum following the recent consolidation while the price of Bitcoin remains steady ahead of the most anticipated Federal Reserve’s interest rate decision and statement.

Global stock markets have ended another brutal week as the banking crisis stoked fears of broader weakness in the global economy. Attention this week will be on planned central banks meetings. Major central banks, such as the US Federal Reserve, Bank of England and Swiss National Bank, are to hold monetary policy meetings this week.

The collapse of the "Silicon Valley Bank" led to widespread panic in the global markets. The bank also financed many firms in the UK, to protect these companies UK Banking giant HSBC has acquired the British arm of SVB with the support of the Bank of England.