Monthly Archives: May 2023
New Product Launch
Written on May 2, 2023 at 8:36 am, by lishitong
Dear Valued Client, We are pleased to announce that PU Prime will launch new product of Forex on 08th May 2023 to provide clients with a broader portfolio of products. Please refer to the table below outlining the new instrument: *All dates are provided in GMT+3 (Server Time in MT4/MT5.) Please note that the aboveContinue Reading
All Eyes on Fed’s Interest Rate Decision
Written on May 2, 2023 at 5:47 am, by lishitong
Markets are widely expecting a 25-point hike at the upcoming Fed meeting The U.S. financial markets experienced much-needed stabilisation after JP Morgan’s acquisition of First Republic bank, the latest financial institution to fail. This development has lifted the U.S. equities markets, with Asian markets also opening higher after returning from the labour day holiday. TheContinue Reading
First Republic Bank’s $100B Deposit Withdrawal Spurred Market Concerns
Written on May 1, 2023 at 6:14 am, by lishitong
To improve its financial condition, the bank’s management considered selling assets worth between $50 billion to $100 billion In Q1 2023, First Republic Bank experienced a significant decrease in its revenues, net profit, and deposits. Customers withdrew over $100 billion in deposits, causing a 50% drop in FRC shares in just one day. To improveContinue Reading
