European stock markets rebounded, Milan the best +2.36% – Economy
Piazza Avari is trying to leave behind fears that new banking crises may follow the failure of Silicon Valley Bank, Closing the session with a decisive bouncewhich leads the European stock exchanges. the Ftsy Meb Ended trading in progress 2.36% at 26,800 points.
The closing is also on a sharp rise for other European exchanges trying to cope with the shock of the Silicon Valley bank failure, I am confident that the collapse will not affect the global financial system and will not be followed by other banking crises. to Paris The CAC 40 closed the session up 1.86% at 7,141 points Frankfurt The DAX rose 1.83% to 15,232 points, while A London The Ftse 100 ended up 1.17% at 7,637 points.
Wall Street is going positive Underpinned by the belief that the embedded inflation data gives the Federal Reserve room to pause in rate hikes. The Dow Jones rose 1.20% to 32,200.31 points, the Nasdaq rose 1.89% to 11,401.82 points, while the S&P 500 rose 1.77% to 3,923.78 points.
First Republic is flying to Wall Street, marking a 61% increase in early trading. The bank has been under pressure with the failure of Silicon Valley Bank and has suffered huge losses in recent sessions. European stock markets rebound.
while Moody’s downgraded the US banking outlook from stable to negative In the wake of the “rapidly deteriorating operating environment” following the bankruptcies of Silicon Valley Bank and Signature Bank.
US inflation is slowing. Consumer prices in February rose 6.0% year over year, in line with analysts’ expectations. On a monthly basis, the increase was 0.4%, in line with expectations. Consumer prices rose 6.4% in January. The inflation figure is at its lowest since September 2021. Despite the slowdown, it is still well above the Fed’s 2% target, which pressure remains high.
The international scenario remains characterized by a high degree of uncertainty and downside risks. claim it Istat in a note on the direction of the Italian economy In February he confirms that “the path to recovery from inflation is starting to take longer than initially expected”. In the fourth quarter of 2022, Italian GDP registered a slight negative economic change as a synthesis of the positive contribution of net foreign demand and net domestic demand from inventories.
Svb crisis, the President of the United States tries to reassure the markets, Europe does not follow him: Milan closes at -4%, 24 billion smoke. Wall Street bets on the Fed and goes higher. Investors are in the window even though the US government is entering the field. Svb issue in Eurogroup. Stricter rules for Italian and European banks (ANSA)
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