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Wednesday,15 March 2023 at 08:29

UK and European markets opened lower, with banking stocks still in negative territory following the global Silicon Valley Bank fallout.

Asia-Pacific markets largely rose after bank stocks on Wall Street rebounded on optimism of contagion risks from Silicon Valley Bank being contained.

Oil prices rose in early trade, recovering from the previous day’s plunge, as a stronger OPEC outlook on China’s demand helped offset bearish global investor sentiment.

Gold Gold prices edged up in range-bound trading due to a softer dollar, while investors assessed the U.S. Federal Reserve’s rate-hike trajectory.

In corporate news, Online rail ticket seller Trainline said revenues surged 74% in its last fiscal year, driven by soaring international ticket sales as European routes opened up to competition, offsetting a UK performance hit by rail strikes.

Group net ticket sales rose 72% to £4.3bn in the 12 months to February 28, with those at Trainline’s International Consumer unit more than doubling to £915m.

At 08:15
FTSE 100 7,606 (-0.41%)
FTSE 250 19,078 (-0.27%)
DAX 15,174 (-0.40%)
At the close
Dow Jones 32,155 +1.06%
S&P 500 3,919 +1.65%
NASDAQ 11,428 +2.14%
Fixed Income
UK 10-YR YIELD 3.536
Exchange Rates
GBP/USD 1.214
GBP/EUR 1.131
Gold $1,888 (-0.68%)
Brent $78.32 +1.06%
Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.

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