FLIY - European shares rise as bank stocks rally after Credit Suisse secures $54B loan from Swiss National Bank; ECB in focus
2023-03-16 05:15:11 ET
London +1.17% .
Germany +1.12%.
France +1.29%.
The pan-European Stoxx 600 was up 0.7% in morning trade. Most sectors and major bourses opened on a positive note, with gains led by a rally in bank stocks.
Coming up in the session: ECB announces March monetary policy decision, statement at 1315 GMT and ECB president Lagarde press conference at 1345 GMT.
The European Central Bank’s latest monetary policy decision is in focus for European markets Thursday. The central bank is expected to announce a 50 basis point rate hike, as signaled by ECB President Christine Lagarde previously, as inflation remains elevated.
In bond market, The yield on 10-year Treasuries was up more than one basis point to 3.50%.
Germany’s 10-year yield was up more than twelve basis point to 2.24%.
Britain’s 10-year yield was up more than eight basis point to 3.40%.
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:
Credit Suisse stock jumps 32% as lender secures $54B loan from Swiss National Bank
Credit Suisse Is Facing Serious Headwinds
Credit Suisse: A Triple Crisis Stock Crash
SVB collapse, insider stock sales investigated by regulators
Worried About Your Bank? Here's How To Put Your Money Somewhere Safer And Earn Interest
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European shares rise as bank stocks rally after Credit Suisse secures $54B loan from Swiss National Bank; ECB in focus