GF - European stocks higher as bank crisis fears ebb on Credit Suisse rescue; investors focus on Fed meeting
2023-03-21 04:43:50 ET
London +1.20% .
Germany +1.34% .
France +1.42% .
The pan-European Stoxx 600 was up 1.02%, while sectors were a wall of green, with banks leading gains. Financial services were up.
On Monday, European markets fluctuated, with the pan-European Stoxx 600 index lower in the first hours of trade before moving into positive territory. Even banks reversed earlier sharp losses to trade 0.3% higher.
Switzerland February trade balance CHF 3.31 billion vs CHF 5.08 billion prior.
Coming up in the session: Eurozone January construction output at 1000 GMT and Germany March ZEW survey current conditions, expectations/outlook at 1000 GMT.
In bond market, The yield on 10-year Treasuries was up more than one basis points to 3.49%.
Germany’s 10-year yield was up more than seven basis points to 2.17%.
2-year German bond yields close the gap from yesterday's lower open, up 13 bps today to 2.45%.
Britain’s 10-year yield was up more than two basis points to 3.33%.
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
- UBS Just Got A Monster Bargain - And Investors Can, Too
- Saudi National Bank hit with over $1B loss on Credit Suisse stake
- SVB’s bid window extended amid “substantial interest’ from potential buyers
- Midsize banks press FDIC to insure all deposits over next two year
- Some banks limit trades with Credit Suisse; Swiss lender to assess scenarios
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European stocks higher as bank crisis fears ebb on Credit Suisse rescue; investors focus on Fed meeting