London +1.28%.
Germany +1.08%.
France +0.93%.
The pan-European Stoxx 600 was up 0.9% in morning trade, with most sectors and major bourses trading in positive territory. Oil and gas stocks led the rally followed by mining stocks.
On Thursday, ECB hiked by 50bp, gave no hint on the future path. We’ll get the first clue later today.
Coming up in the session: Eurozone February final CPI figures at 1000 GMT.
In bond market, The yield on 10-year Treasuries was down more than two basis point to 3.56%.
Germany’s 10-year yield was up more than three basis points to 2.27%.
Britain’s 10-year yield was down more than one basis point to 3.41%.
ETFs: (EWG), (GF), (EWI), (EWQ), (EWGS), (FGM), (DBGR), (DXGE), (HEWG), (DAX), (FLFR), (FLGR), (FLIY), (FXB), (EWU), (FKU), (EWUS), (HEWU), (FLGB).
More on the bank crisis:
First Republic Bank: 4 Reasons To Buy
As Banking Stocks Tumble, I Turn To Bank Of America And Toronto-Dominion
Goldman expected to make $100M from buying SVB assets last week
Bank of America: Brace For Impact
Worried About Your Bank? Here’s How To Put Your Money Somewhere Safer And Earn Interest