European markets close higher as U.S. inflation rate cools; banks up 2.5% despite SVB jitters
Publishing timestamp: 2023-03-14 12:50:28
Summary
European stock markets rebounded on Tuesday after suffering losses on Monday due to the collapse of Silicon Valley Bank. The banking sector rose 2.45% after its worst day in a year, triggered by the bank's collapse. European stocks were also boosted by the release of U.S. inflation data, which came in slightly lower than January's data. U.S. stocks rallied on Tuesday morning, with regional banks rebounding. However, Asia-Pacific markets tumbled after losses seen overnight on Wall Street Monday. The article also discusses the impact of Silicon Valley Bank's collapse on the tech sector and the potential secondary effects on startups.
Sentiment: NEUTRAL
Tickers: WBC-AU, .FTMIB, 9984.T-JP, NAB-AU, CSG.N-CH, VOWB-FF, MQG-AU, WISE-GB, CBG-GB, CSX1-FF, .FCHI, CBK-DE, .STOXX, .IXIC, @CL.1, CBA-AU, .SPX, @LCO.1, .DJI, .FTSE, .GDAXI,
Keywords: business news, cac 40 index, breaking news: europe, united states, stoxx 600, dax, credit suisse group ag,