The Stock Exchanges of today 14 March. Mini truce on the markets after the Svb crash, Moody’s targets six banks
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MILAN – Mini respite in the markets after yesterday’s tumultuous reopening of the markets following the bankruptcy of Silicon Valley Bank. With Wall Street limiting its losses yesterday by closing in mixed conditions, Europe is restarting under the banner of caution today. In Asia day in trouble for Tokyowhich marks the largest daily decline in three months and ends at -2.19%, also bad Hong Kong discounting the crash of HSBC, which yesterday announced that it would take over the British assets of Silicon Valley Bank.
The spotlights of the markets are focused above all on the reaction of central banks to the current crisis. Thursday is the turn of the European Central Bank, until a few days ago projected towards a discounted rise of 50 points while next week it will be the turn of the Fed, now under pressure to soften its monetary policy line. Yesterday the trend in swaps even indicated a stop to increases for the whole of 2023 as the most probable scenario, i.e. a decisive change of course, but the Central Bank also remains focused on macroeconomic data. In this sense, the February CPI inflation report, which will be released this afternoon, is important.
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Contrasted European stock exchanges, positive Milan
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Moody’s targets six banks
Contrasted European stock exchanges, positive Milan
Contrasted opening for the main European stock exchanges: just a few minutes after the start of trading, Piazza Affari gains 0.20% with the Ftse Mib at 26,236 points. Frankfurt (+0.22%) and Paris (+0.10%) are also in positive territory. Weak London, which scores -0.11%.
Moody’s targets six banks
Moody’s has placed First Republic Bank and five other US lenders on watch pending a downgrade. The move is yet another sign of concern for the health of regional financial institutions following the collapse of Silicon Valley Bank.
In addition to First Republic, the institutions under observation, reports Bloomberg, are Western Alliance Bancorp, Intrust Financial, UMB Financial, Zions and Comerica.
The spread opens higher
The spread between Btp and Bund opens up close to 194 points. The yield on the Italian 10-year bond fell again to 4.15%. More evident on the biennial whose decline is 10 points. The same goes for the German Bund (-18 points) and the French Oat (-21 points)
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