📣WSJ reports about First Republic Bank and less hawkish EBC are boosting market sentiments
Now we have two important news items for the markets. From last minutes WSJ reports that big banks like Morgan Stanley and JP Morgan would be interested in recapitalizing First Republic Bank, another bank that was in danger of collapse in the US. We encourage you to read our article today - the company of the week. The WSJ information may indicate that we are closer to resolve the global banking crisis. The crisis has also been resolved in Europe, specifically in Switzerland thanks to the SNB's liquidity support for Credit Suisse.
Another is the ECB's less hawkish approach. The bank lowered its inflation projections and was no longer as hawkish in its communication as in December and January. On the other hand, it raised rates by 50 bps while asserting that it is guarding the financial system in Europe in the face of the banks' problem.
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Open account Try demo Download mobile app Download mobile appU.S. indices are benefiting, and the best performer is the US100, which is at its highest in a month. Today there was an opening upward gap, then it was closed, and in the last minutes there was a test of 12500 points.
Source: xStation5
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