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Week Ahead. SVB, US CPI, ECB in focus
All eyes over the coming week would be on collapse of venture capital-focused lender SVB in the US and its fallout.
Europe close: Banks hammered by wave of selling on Wall Street
European stocks were sharply lower on Friday with banking stocks hammered following a sell-off on Wall Street and Asia overnight, after tech-focused US lender SVB Financial announced plans to raise more than $2bn in capital to help offset losses on bond sales from its portfolio.
US non-farm payrolls increase by 311,000 in February
The pace of hiring in the US during the month of February came in ahead of market expectations with solid growth in both the private and public sectors.
Quite a lot riding on a 'soft' US non-farm payrolls report, BofA says
Unless the US non-farm payrolls report for February came in "soft", then the "bad crashy vibes" of March were set to worsen, strategists at Bank of America.
Iran and Saudi Arabia to resume diplomatic relations
Iran and Saudi Arabia reached an agreement to resume diplomatic relations.