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Market overview 2023-03-16.

17.03.2023

Despite rather negative news from ECB about increase of discount rate in Europe by 0,5 percentage points, despite the fact that after emergence of problem banks the most part of market participants expected increase by more modest 0,25 percentage points, it was impossible to stop "bullish" rush on the US stock market. Leading by the news that large consortiums of banks are working with regulators on mechanisms to provide "liquidity cushions" to medium-sized banks in trouble, as well as the news that Swiss giant Credit Suisse can count on 50 billion Swiss francs in aid, the major stock markets moved up by more than 2 percentage points. Market participants continue to expect monetary policy easing, which also boosts interest in buying. All sectors showed a uniform growth in yesterday's trading, with only the Real Estate sector being on the outsides during the trading and failing to move into positive territory.