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CNBC Daily Open: Regional banks dodge a crisis — for now - TL;DR CNBC

CNBC Daily Open: Regional banks dodge a crisis — for now

Publishing timestamp: 2023-03-15 02:04:10


Summary

Regional bank stocks bounced back, leading to a good day for U.S. stocks and a rebound in Asia-Pacific markets. Moody's downgraded its outlook on the U.S. banking system, but traders and Charles Schwab's CEO remain optimistic. The consumer price index rose 0.4% in February, with an annual inflation rate of 6%, while China's industrial output and real estate investment fell short of expectations. UBS has identified four stocks that remain resilient amid geopolitical conflict. The SPDR S&P Regional Banking ETF rose 2%, and major indexes rallied after U.S. financial regulators' measures to protect the financial industry.


Sentiment: NEUTRAL

Tickers: SCHWKEYWALFRC.FKRX300

Keywords: keycorpcharles schwab corpwalt bettingerbusiness newsbanksworld marketssouth koreafirst republic bankshinhan financial group co ltdinflationeconomic eventswestern alliance bancorpmarkets

Source: https://www.cnbc.com/2023/03/15/stock-markets-regional-banks-dodge-a-crisis-for-now.html


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