Stocks mostly rise as crisis fears ease 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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Business Maverick: Asian stocks rise, dollar slips as bank fears ease: markets wrapAsian equities climbed, US stock futures edged higher and the dollar declined as fears of broader contagion from the banking turmoil eased. USA must accept the wind of change. NATO or western influence is diminishing especially after the Ukraine and Russia conflict. Russia is fast getting the support from the African states and other Arab and more countries want to join BRICS. US dollar is slowly losing power.
Source: dailymaverick - 🏆 3. / 84 Read more »