- European indices finished today’s session higher, with DAX0 up 1.14% led by autos and healthcare stocks. Deutsche Bank stock rose over 6% amid mood improvement in the banking sector.
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Latest solvency figures of other major banks turned out to be better compared to Credit Suisse, to be acquired by UBS
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Germany's IFO survey rose to 93.3 in March, the highest level in a year.
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Some of the fears of a broader threat to the global financial system eased somehow after US lender First Citizens BancShares said it would purchase the loans and deposits of Silicon Valley Bank.
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In addition, the US authorities are considering increasing deposit guarantees for regional banks so that they have time to improve their balance sheets
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On the other hand, sentiment on Wall Street is mixed. The S&P 500 is up about 0.8%, S%P500 rose 0.45% while the Nasdaq 100 is down almost 0.20%.
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With less chance of banking collapse and a repeat of 2007-2009 scenario, crude oil rebounds 4% today end reached level not seen since March 15
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On the other hand, NATGAS tumbles nearly 5% due to low consumption and high temperatures in the US
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US 10 Year Treasury yield jumped above 3.50%,however EURUSD is testing resistance at 1.0800
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The cryptocurrency market pulled back quite sharply on news that Binance and its CEO were sued by the CFTC over trading and derivatives violations.
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SILVER failed to stay above crucial resistance at $23.20. As long as price sits below the aforementioned level, downward impulse towards crucial support at $22.00 may be launched. Source: xStation5