Global stocks sink as rally fizzles out

Reports that four US banks would join forces to pump $30bn into stumbling lender First Republic failed to generate much optimism despite a brief early morning rally. Photograph: EPAEuropean stocks came under renewed pressure on Friday as Thursday’s relief rally faded from view. Reports that four US banks would join forces to pump $30 billion (€28bn into stumbling lender First Republic failed to generate much optimism despite a brief early morning rally.

Sentiment across global markets remained fragile in the aftermath of Silicon Valley Bank’s collapse one week ago.In a characteristically light St Patrick’s Day session on the Euronext Dublin, the Iseq index, down close to 2 per cent, gave back most of Thursday’s 2.3 per cent gain., down 3.4 per cent to €32.18 per share, was among the biggest movers on the day.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Large companies able to power ahead with Hanley Energy’s end-to-end solutionsThe Co Meath-based business has scaled up from a two-person company in 2009 to a global team of 650, and aims to reach €180 million in revenue this year
Fuente: businessposthq - 🏆 8. / 71 Leer más »

Banking stocks rally as crisis-hit Credit Suisse taps central bank for cashMarket focus turning to ECB, which is expected to scale back previous plans for a half-point interest rate hike
Fuente: IrishTimes - 🏆 3. / 98 Leer más »