European stocks set for positive open as market nerves settle after banking turmoil

📆 2023/03/21 10:45:00
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European markets are heading for a positive open on Tuesday as investor nerves settle after UBS' takeover of rival bank Credit Suisse.

CNBC Pro: RBC names 5 global financial stocks to buy right now as banks sell off

The recent share price falls in European financial institutions have presented a buying opportunity, according to RBC Capital Markets. The investment bank named five stocks to buy during the share price dip, noting that these financial institutions are not the type ever to face a bank run.CNBC Pro: Goldman’s Oppenheimer says stocks will stay ‘fat and flat’ — and reveals how to trade it

Fears of contagion in the banking sector may have subsided with a rescue deal for Credit Suisse, but Goldman Sachs Chief Global Equity Strategist Peter Oppenheimer believes stocks are not out of the woods yet. "Even if markets rebound from current levels in the short term, high uncertainty and lowered confidence levels are likely to mean an ongoing 'fat & flat' market given that valuations do not look particularly attractive," he said.

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Credit Suisse Shares Plunge 60% And European Bank Stocks Slide After UBS RescueOil prices and global shares fell after UBS unveiled plans to buy its struggling Swiss rival Credit Suisse for $3.2 billion over the weekend. Euro could've been world's currency, alas! for US luitenents in EU. After SVB, Credit Suisse is the second bank to be rescued, probably not the last one. - CS shareholders just lost a lot of money with this sale. - All major banks just got a huge hit in the stock markets. Guys, you should all think about crypto as an alternative option.
Source: Forbes - 🏆 394. / 53 Read more »

Credit Suisse Shares Plunge 60% And European Bank Stocks Slide After UBS RescueOil prices and global shares fell after UBS unveiled plans to buy its struggling Swiss rival Credit Suisse for $3.2 billion over the weekend. The big wedding! A UBS/Credit Suisse wedding! Will it stop contagion from spreading? Some are saying yes But it's anyone's guess More banks may soon soil their bedding.
Source: Forbes - 🏆 394. / 53 Read more »