Morning Report 22 Mar 23: US and European stocks gains as confidence returns to Bank shares

US stocks rose overnight, led by bank stocks after comments made by US Treasury Secretary Janet Yellen allayed concerns about the stability of the U.S. banking system. In European trade, equity markets added to the previous day’s gains as concerns about the European banking crisis faded, helped by suggestions the Federal Reserve could be less aggressive where the outlook for rate hikes is concerned.

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