Afternoon Briefing 15 Mar 2023: Dow Jones Rises on Bank Stocks
Abstract：The Dow opened the day with a decline of more than 500 points Wednesday as banking fears spread across global markets.
The Dow opened the day with a decline of more than 500 points Wednesday as banking fears spread across global markets.
Asian Markets
Asian stocks mostly rose after Wall Street saw bank shares rebound.
European Markets
European markets closed higher as US inflation rates cooled and banks rose 2.5% despite SVB issues.
US Pre-Open Markets
Dow Jones rose after the rebound of bank shares
Commodities
Oil prices bounced back, helped by a stronger OPEC outlook for China.
U.S. Treasury Yield
The 2-year Treasury yields rebounded after their biggest 3-day drop since 1987.
Major Currency Pairs
Dollar rose slightly as the previous shock from the banking crisis recedes.
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