Afternoon Briefing 15 Mar 2023: Dow Jones Rises on Bank Stocks

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.