BusinessAustralian Associated PressGlobal stocks firmer on bets the banking crisis is over
A steadier tone in global stocks has continued as investors hope the banking sector has turned a corner on its recent turmoil to help markets end the quarter on a positive note.The dollar and crude oil prices were stable on Thursday, with calmer markets allowing investors to focus more on the economy, as Spanish inflation fell more than expected in March.
BusinessAustralian Associated PressGlobal shares rise as bank support emboldens investors
Global shares have risen as investors took heart from a greater degree of stability in the banking sector, but the sense of optimism has been robust enough to severely knock safe-haven assets such as bonds or gold.Meanwhile, shares in Asia rallied on Wednesday after Chinese conglomerate Alibaba's plans to split into six units lifted tech stocks.
BusinessAustralian Associated PressGlobal stocks rise after bank sale fuels risk appetite
Global stocks have risen and the dollar has eased after a deal backed by the US regulator for First Citizens BancShares to buy up Silicon Valley Bank soothed some of the recent concern about the health of the banking sector.US banking regulators said on Monday they planned to tell Congress that the overall financial system remained on a solid footing after recent bank failures, but would comprehensively review their policies in a bid to prevent future collapses.
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