Daily summary: Market sentiment improves as banking concerns wane

7:02 PM 27 March 2023
  • European indices finished today’s session higher, with DAX0 up 1.14% led by autos and healthcare stocks. Deutsche Bank stock rose over 6% amid mood improvement in the banking sector. 
  • Latest solvency figures of other major banks turned out to be better compared to Credit Suisse, to be acquired by UBS

  • Germany's IFO survey rose to 93.3 in March, the highest level in a year.

  • Some of the fears of a broader threat to the global financial system eased somehow after US lender First Citizens BancShares said it would purchase the loans and deposits of Silicon Valley Bank. 

  • In addition, the US authorities are considering increasing deposit guarantees for regional banks so that they have time to improve their balance sheets

  • On the other hand, sentiment on Wall Street is mixed. The S&P 500 is up about 0.8%, S%P500 rose 0.45% while the Nasdaq 100 is down almost 0.20%.

  • With less chance of banking collapse and a repeat of 2007-2009 scenario, crude oil rebounds 4% today end reached level not seen  since March 15

  • On the other hand, NATGAS tumbles nearly 5% due to low consumption and high temperatures in the US

  • US 10 Year Treasury yield jumped above 3.50%,however EURUSD is testing resistance at 1.0800

  • The cryptocurrency market pulled back quite sharply on news that Binance and its CEO were sued by the CFTC over trading and derivatives violations.

SILVER failed to stay above crucial resistance at $23.20. As long as price sits below the aforementioned level, downward impulse towards crucial support at $22.00 may be launched. Source: xStation5

Xtb logo

Join over 1 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
userBranchSymbol cc 2 March 2024
test_cookie cc 25 January 2024
adobe_unique_id cc 1 March 2025
__hssc cc 8 September 2022
SESSID cc 2 March 2024
__cf_bm cc 8 September 2022
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
_gid cc 9 September 2022
_gat_UA-98728395-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_gcl_au cc 30 May 2024
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
__hstc cc 7 March 2023

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 7 March 2023

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence