Fed Decision coming up today at 2pm Eastern Time. There is a lot of off speculation regarding the upcoming rate hike if they will hike by 25 basis points, pause or even potentially cut rates (Nomura prediction). Everything is currently on the table and would lead to more volatility. The fed is currently caught between an inflation figure which is proving to be very difficult to cool down and at the same time they have a banking crisis looming with the failed SVB and issued in the First republic bank
UK inflation comes in hotter than expected. BoE will also be delivering its rate hike decision tomorrow. Inflation came in at 10.4%
UBS to repay partially the AT1 bonds of CS which were completely written off. This move is being supported by the Swiss National bank, ECB and Bank of England.
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