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home / news releases / FLIY - European markets higher after news of the banking rescue deal; ECB rate hike


FLIY - European markets higher after news of the banking rescue deal; ECB rate hike

2023-03-17 05:08:37 ET

London +1.28% .

Germany +1.08% .

France +0.93% .

The pan-European Stoxx 600 was up 0.9% in morning trade, with most sectors and major bourses trading in positive territory. Oil and gas stocks led the rally followed by mining stocks.

On Thursday, ECB hiked by 50bp , gave no hint on the future path. We'll get the first clue later today.

Coming up in the session: Eurozone February final CPI figures at 1000 GMT.

In bond market, The yield on 10-year Treasuries was down more than two basis point to 3.56%.

Germany’s 10-year yield was up more than three basis points to 2.27%.

Britain’s 10-year yield was down more than one basis point to 3.41%.

ETFs: ( EWG ), ( GF ), ( EWI ), ( EWQ ), ( EWGS ), ( FGM ), ( DBGR ), ( DXGE ), ( HEWG ), ( DAX ), ( FLFR ), ( FLGR ), ( FLIY ), ( FXB ), ( EWU ), ( FKU ), ( EWUS ), ( HEWU ), ( FLGB ).

More on the bank crisis:

First Republic Bank: 4 Reasons To Buy

As Banking Stocks Tumble, I Turn To Bank Of America And Toronto-Dominion

Goldman expected to make $100M from buying SVB assets last week

Bank of America: Brace For Impact

Worried About Your Bank? Here's How To Put Your Money Somewhere Safer And Earn Interest

For further details see:

European markets higher after news of the banking rescue deal; ECB rate hike
Stock Information

Company Name: Franklin FTSE Italy
Stock Symbol: FLIY
Market: NYSE

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