EU Economic Commissioner Gentiloni (Italy) stated ahead of the EcoFin meeting that needed to discuss some aspects of fiscal proposal. ECB's Stournaras (Greece) stated that there was no impact on region’s banking sector from SVB collapse. Materials: Wacker Chemie +3.0% (earnings). Industrials: Costain +10.0% (earnings), Volkswagen -3.0% (annual report), Komax Holding -4.5% (earnings), Flughafen Zuerich +0.5% (earnings).
Healthcare: GSK +1.0% (positive vaccine results). Financials: Credit Suisse -2.0% (notes material weakness in its financial reporting) Generali +2.5% (earnings), Close Brothers -5.5% (earnings). Energy: Italgas +1.5% (discussions with Vivendi). Market focal points/key themes: European indices opened mixed but turned lower through the early hours of trading better performing sectors include real estate and health care underperforming sectors include industrials and financials focus on release of US CPI later in the day earnings expected in the upcoming US session include Lennar. Speakers/fixed income/FX/commodities/erratum Equities President Biden stated that he would speak with China Pres Xi "soon" (did not specify when). Nomura calling for 25bps Fed rate cut at the March 22nd meeting, also expected QT to be halted at the Mar Fed me.
Cannot open istat pro series#
Moody’s placed a series of US banks under downgrade warnings. China opens up Australia Coal imports to all domestic companies Ends restriction imposed late 2020. Australia Feb NAB Business Confidence: -4 v +6 prior.
Focus on US CPI data later in the session A hot outcome could test the Fed to question whether tame inflation or bolster confidence. Banking crisis calls Fed interest rate path into question. Market jitters continue questions linger whether the rate hike cycle has exposed cracks among key players.
0 kommentar(er)
