Global stocks regained ground. Wall Street recovered from a sour open, with the Dow Jones rising almost 400 points, and S&P 500 and Nasdaq up 1.8% and 2.7% respectively. Lower yields supported tech shares while a group of major financial institutions including BoA, JPMorgan, and Citi has agreed to deposit $30 billion in the First Republic to stabilize it. Meanwhile, data showed banks borrowed a record $164.8 billion from two Fed backstop facilities in the week ended March 15th.
Domestic stocks fell again but order matching was low. In the first 2 months of the year, the trade balance of goods had a surplus of more than 3.4 billion USD, but the total import and export value decreased by 13.4%, reaching 95.83 billion USD
- Domestic and international news
- ECB decided to raise the main interest rates by 50 basis points
- Technical view and recommendations #SSI
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