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First Republic continues to sink. Durable goods orders up next

Risk trades are doing better today with the euro and pound rebounding from yesterday's beatings. Treasury yields have also ticked higher.Helping sentiment is a 14% pre-market rally in shares of PacWest Bancorp, which reported that deposits were in-line with estimates late yesterday. That's a big contrast with the brutal bleed at First Republic, where shares are down another 15% premarket to $7.10, after falling as low as $5.55.JPMorgan's equity desk writes that the PacWest results, "seemingly gi... Read More

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Content Topics

First

Republic

Continues

Sink

Durable

Goods

Orders

Forex

Posted: Apr 26 2023, 12:14

Author Name: forexlive

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