Market overview 2023-03-21

Closing of short positions on the wide range of securities in anticipation of decision on FRS discount rate changing on Wednesday coupled with calm positive news background from financial institutions market pushed US stock indexes upward closing them with increase up to one and a half percent. The participants are betting high on minimal rise in discount rate, or even on the absence of such rise against the background of difficulties in the banking sector. Communication and Energy sector shares looked better than market at trades