It collapsed again! Buffett's "love of stocks" fell 5%! The industry giant fell nearly 30%, bringing down bank stocks! The Dow fell more than 600 points in the session

It collapsed again! Buffett's "love of stocks" fell 5%! The industry giant fell nearly 30%, bringing down bank stocks! The Dow fell more than 600 points in the session
At 23:28 on March 15, 2023 Media scrolling

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Source: China Securities Journal

US stocks opened sharply lower on Wednesday, Credit Suisse It fell nearly 30%, and market panic reignited.

The FIFA Council meeting determined the competition system of the 2026 Men's World Cup and announced that the final would be held on July 19, 2026.

   In the face of banking crisis and persistence high pass Distension

   The Federal Reserve is in an awkward position

   On Wednesday local time, the US stock market opened significantly lower. Dow Jones The industrial index fell by more than 600 points, or nearly 2%. NASDAQ The index and the S&P 500 index also fell nearly 2% in the session.

 Image source: Wind Image source: Wind

   Market panic reignited. Credit Suisse fell nearly 30%. The largest shareholder ruled out the possibility of more aid, and the selling continued. Axel Lehmann, chairman of Credit Suisse, said on Wednesday that the contagion effect of the recent collapse of Silicon Valley Bank was local and controllable. He also declined to comment on whether Credit Suisse needed any form of government assistance.

   According to media reports, Saudi National Bank, the largest investor of Credit Suisse, said that it could not provide any further financial assistance to Credit Suisse.

"We cannot do this because we will exceed 10%. This is a regulatory issue," said Amar Al Hudari, chairman of the Saudi National Bank, on Wednesday. However, he added that the Swiss Central Bank was satisfied with the transformation plan of Credit Suisse and hinted that the bank was unlikely to need additional funds.

   European banks and US regional banks fell sharply. The sharp drop in international oil prices sent oil stocks down. Among them, Warren Buffett's "Good Heart" Western Petroleum It fell more than 5% during the session. At the beginning of March, Buffett's Berkshire Hathaway Company increased its position of nearly 6 million shares of Western Petroleum on a large scale, and its shareholding ratio rose to about 21.6%.

 Image source: Wind Image source: Wind

as report goes, The bid ask spreads of US two-year, 10-year and 30-year treasury bonds jumped to the highest level in at least six months. With the Silicon Valley banking crisis disrupting the monetary policy prospects of the Federal Reserve, the liquidity of the global bond market has decreased and volatility has increased. Investors are worried that this trend will continue. The depletion of liquidity in the bond market often indicates the arrival of a larger crisis.

Two bank closures occurred in the United States within three days, which is widely believed to be the result of the Federal Reserve's continued aggressive interest rate hike Bank of America The system causes great pressure. The Federal Reserve's monetary policy meeting will be held next week. In the face of the current U.S. banking crisis and continued high inflation, Analysts believe that at present, the Federal Reserve is in an awkward situation - continuing to raise interest rates may exacerbate the turbulence of the banking industry; If interest rates are not raised and inflation remains high, the economy will eventually collapse.

Quoted by Market Watch website PNC Finance According to the Chief Economist of Service Group, Fletcher, for the Federal Reserve, it is a tough task to raise enough interest rates to reduce inflation, but not too much to plunge the economy into recession. With the recent closure of the Bank of America, this task has become more difficult. The sharp interest rate increase in the past year has put enormous pressure on the financial system.

   Peskov: About the crash of American UAV in the Black Sea

   Russia and the United States did not make contact at the highest level

According to today's Russian TV, on the 15th local time, Russian President's press secretary Peskov said that relevant departments had reported to Russian President Putin about the crash of a US drone in the Black Sea. At present, there is no high-level contact between Russia and the United States on this matter.

   Multi industry strike in Britain

   Hundreds of thousands of participants

On the 15th local time, British teachers, university lecturers, civil servants, junior doctors, London subway drivers, etc. held a strike with hundreds of thousands of participants. It is said that this is the largest strike since the beginning of the strike wave.

It is reported that a strike organizer said that, The root cause of all strikes is the failure of the government to provide funds for important public services that people need. Affected by the strike, there was no subway operation in London that day, thousands of medical appointments were postponed, and students were basically suspended that day.

   The Lebanese government filed a lawsuit against the President of the Central Bank of Lebanon

On March 15 local time, the Lebanese National News Agency reported that the Lebanese government, represented by the head of the case committee of the Ministry of Justice, Judge Helena Iskandar, filed a lawsuit against Riad Salameh, president of the Central Bank of Lebanon, and his brother Raja Salameh and assistant Marianne Hoayek, The charges involve bribery, fraud, money laundering, misappropriation of public funds and tax evasion.

   FIFA determines the competition system of 2026 World Cup

FIFA held the Council Meeting in Rwanda on the 14th, The meeting determined the competition system of the 2026 Men's World Cup and announced that the final would be held on July 19, 2026.

   For the first time, there will be 48 teams participating in the 2026 US Canada Mexico Men's Football World Cup. This World Cup will determine the competition system as follows: 48 teams will be divided into 12 groups, with 4 teams in each group. The top two teams in each group and the third team with 8 best results will enter the top 32 stage.

According to the currently determined competition system, the total number of matches in the 2026 World Cup will reach 104, and the final is scheduled for July 19. Compared with the 2022 Qatar World Cup, the number of matches increased by 40.

In addition, this meeting also discussed athlete security, the Club World Cup, player transfer and other issues, and made a series of decisions. This council meeting is to prepare for the upcoming 73rd FIFA Congress.

Editor: Li Ruoyu, Zhang Zhixuan

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