world stocks rise this Wednesday, March 29, as investors are encouraged by a greater degree of stability in the banking sector, but the feeling of optimism was not strong enough to hit safe-haven assets such as bonds or gold hard.
Meanwhile, stocks in Asia rose after Chinese conglomerate Alibaba’s plans of divide into six units will drive technological values.
The sale of assets of Silicon Valley Bank (SVB), the regional lender that went under earlier in the month, has helped shore up investors’ risk appetite. Certain measures of tension in the markets have decreased, boosting equitiescryptocurrencies and commodities in the last two weeks.
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MSCI World Stock Index gains 0.3%while European shares advance 0.92%thanks in part to the rise in bank paper after the UBS said that will hire Sergio Ermotti again to run the company after its acquisition of Credit Suisse.
The economic context is healthier than it was six months ago and, despite some parallels with the 2008 financial crisisthe current problems in the banking sector seem more contained for now. However, given the uncertainty about the outlook for global interest rates, the mood is one of nervousness.
“Sentiment is shaky right now and the market will be prone to oscillations“, he claimed kallum pickeringBerenberg’s chief economist.
The Concern about inflation has led investors to reassess their expectations about monetary policy of the major central banks, including the European Central Bank and the Federal Reserve. Markets now price the chance the Fed will leave rates unchanged at its next meeting at 60%.
The e-mini futures of the S&P 500 rose 0.92%, suggesting a buoyant start to trading later on Wall Street.
The performance of the Treasury bond American was going down. That of referential 10-year notes subtracted 3 basis points, at 3.539%, and that of two-year paper yielded 6 basis points, at 4.006%.
Source: Ambito
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