FLIY - European stocks higher as banking concerns continue to ease
2023-03-30 04:58:19 ET
London +0.52% .
Germany +1.09% .
France +1.03% .
The pan-European Stoxx 600 was up 0.88%, with almost all sectors in the green. Retail stocks led the pack, as H&M shares climbed after the company reported a surprise first-quarter profit.
Bavaria March CPI +7.2% vs +8.8% y/y prior.
Switzerland March KOF leading indicator index 98.2 vs 100.5 expected.
Spain March preliminary CPI +3.3% vs +3.8% y/y expected.
North Rhine Westphalia March CPI +6.9% vs +8.5% y/y prior.
Coming up in the session: Eurozone March final consumer confidence at 0900 GMT; Eurozone March economic, industrial, services confidence at 0900 GMT; Germany March preliminary CPI figures at 1200 GMT.
In the bond market, the yield on 10-year Treasuries was little changed to 3.57%.
Germany’s 10-year yield was up little changed to 2.30%.
Britain’s 10-year yield was up more than one basis point to 3.48%.
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:
- Will Banking Turmoil Crush Stock Prices?
- Bank Crisis - The Worst Potential Outcome, Where You Should Put Your Money Now
- It's A Wonderful Life: 3 Regional Banks We're Buying
- Bank stresses bring economy closer to recession, Minneapolis Fed’s Kashkari says
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European stocks higher as banking concerns continue to ease