Macro
Search catalysts, news stories, and pressures, or browse the trust-weighted news feed below.
month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +0.15 | +0.15 | -0.85 | +0.15 | +0.05 | +0.00 | +0.10 | +0.10 | +0.15 | +0.15 | +0.20 | -0.83 |
The Cyprus bailout's imposition of losses on large depositors sparked concern over deposit safety in stressed banks, weighing negatively on financial sector sentiment. However, markets digested the event as isolated, with limited contagion to broader banking systems, allowing sentiment to stabilize. The sector ultimately held neutral ground as systemic risks were contained and policy responses prevented wider erosion of confidence.
How this mood is scored ▾
Cyprus secured a €10 billion EU bailout, restructuring its banking sector by imposing losses on large depositors in Bank of Cyprus and Popular Bank. The deal protects deposits under €100,000 but breaks up Popular Bank and imposes a potential 20% levy on larger accounts, affecting Russian investors and deepening economic recession. Markets face uncertainty over precedent for depositor bail-ins in future crises.
Five US regulatory agencies approved the final Volcker Rule, restricting banks from proprietary trading and limiting their investments in hedge funds and private equity. The rule, a centerpiece of Dodd-Frank reform, took years to negotiate amid heavy bank lobbying. It reshaped how large banks structured their trading desks.