2023-03-20 05:22:51 ET
London -1.12% .
Germany -0.99% . Germany February PPI -0.3% vs -0.5% m/m expected.
France -0.70% .
The pan-European Stoxx 600 was down 0.4% , with financial services falling. Banks pared earlier losses to trade lower.
Investors in Europe are digesting the news that UBS has agreed to buy its embattled rival Credit Suisse for $3.2B Sunday.
SNB total sight deposits w.e. 17 March CHF 515.1 bn vs CHF 510.8 bn prior.
Coming up in the session: Eurozone January trade balance data at 1000 GMT.
In bond market, The yield on 10-year Treasuries was down more than six basis points to 3.33%.
Germany’s 10-year yield was down more than thirteen basis points to 1.98%.
Britain’s 10-year yield was down more than ten basis point to 3.17%.
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 confirms deal to acquire Credit Suisse for $3.25B in stock
- Warren Buffett reportedly talking to Biden administration on banking crisis
- First Republic Bank said to face new S&P Global rating cut
- New York Community Bancorp reportedly pursuing acquisition of Signature Bank
- Credit Suisse Collapse: Stock Is A Strong Sell On UBS Buyout
For further details see:
European stocks lower as as investors assess a news-filled weekend after UBS buys Credit Suisse