FGM - Europe stocks higher after SVB deal as investors hope for an end to banking volatility
2023-03-27 05:21:50 ET
London +0.54% .
Germany +0.93%.Germany March Ifo business climate index 93.3 vs 91.0 expected.
France +0.82%.
The pan-European Stoxx 600 was up 1.04% as nearly all sectors climbed.
In the U.S. early on Monday, FDIC inks deal for First Citizens to buy Silicon Valley Bank .
Eurozone February M3 money supply +2.9% vs +3.2% y/y expected.
Coming up in the session: UK March CBI retailing reported sales at 1000 GMT.
In the bond market, the yield on 10-year Treasuries was up more than five basis points to 3.43%.
Germany’s 10-year yield was up more than six basis points to 2.19%.
Britain’s 10-year yield was up more than eight basis points to 3.36%.
ETFs: ( EWG ), ( GF ), ( EWI ), ( EWQ ), ( EWGS ), ( FGM ), ( DBGR ), ( DXGE ), ( HEWG ), ( DAX ), ( FLFR ), ( FLGR ), ( FLIY ), ( FXB ), ( EWU ), ( FKU ), ( EWUS ), ( HEWU ), ( FLGB ).
More on the Banking Crisis:
- U.S. said to evaluate expanding emergency lending for banks - report
- Bank stresses bring economy closer to recession, Minneapolis Fed's Kashkari says
- Moody's warns on spillover risk; banks continue emergency borrowing
For further details see:
Europe stocks higher after SVB deal, as investors hope for an end to banking volatility