Some calm after the storm on the markets

New York Stock Exchange

Markets recovered slightly from the crises at smaller US banks and Credit Suisse on Monday.

(Photo: Reuters)

Frankfurt After the emergency takeover of Credit Suisse by UBS, the stock market was initially skeptical on Monday, but this soon turned to mild optimism. After the start of trading, the German leading index Dax was initially almost two percent in the red, but turned positive after reassuring statements from bank supervisors. By late afternoon, the index had risen by around one percent to around 14,900 points. The broad stock index Stoxx Europe 600 also returned to positive territory.

In the course of the friendly opening of the US stock exchanges, even European bank stocks recovered after their sector index had at times fallen by more than six percent. After a deep crash, UBS shares are back in the green.

The experts’ forecasts were also characterized by cautious confidence. Here is an overview of the different asset classes.

Equities: forecasts unchanged

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