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Stocks mostly rise as crisis fears ease further

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Sverige Senaste nytt,Sverige Rubriker

Asian and European stock markets mostly rose Tuesday, as fears of a banking crisis eased further.

World oil prices also advanced as demand jitters receded, while the dollar sagged versus the euro and yen.

Most equity markets had advanced Monday as banks shares jumped after US lender First Citizens bought most of collapsed rival Silicon Valley Bank . "It's all about confidence right now -- and anything which reassures shareholders, creditors and depositors that their money is safe with the banks is one step further away from the carnage which claimed SVB and Credit Suisse."

Despite the recent turmoil, many central banks have pushed on with monetary tightening as they focus on fighting inflation.

 

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Sverige Senaste nytt, Sverige Rubriker

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