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