Stock Market Today: Dow futures inch higher as banking concern eases [MarketWatch]
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Source: MarketWatch
The DAX 40 in Frankfurt is up 0.1% and London's FTSE 100 is climbing 0.1%, though both are off session highs. “The FTSE 100 made a solid start on Tuesday amid hopes the banking crisis which has bedevilled the markets for much of March might be starting to ease,” says AJ Bell investment director Russ Mould. “The insistence from Bank of England Governor Andrew Bailey last night that the turmoil would have no impact on efforts to fight inflation was the just the kind of messaging the market was looking for, even if Bailey is only responsible for UK banks" “It's all about confidence right now – and anything which reassures shareholders, creditors and depositors that their money is safe with the banks is one step further away from the carnage which claimed SVB and Credit Suisse," Mould added. London-listed Softcat shares are up 6% after the provider of IT-infrastructure products and services said pretax profit fell on the back of lower revenue and higher expenses, but also raised
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