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16-03-2023, 07:55 AM
The collapse of Credit Suisse amid concerns over the collapse of California's Silicon Valley Bank (SVB) sent Europe's stock markets plummeting again.
Investors mainly threw bank shares out of their portfolios.
In view of the uncertainties in the banking sector, investors fled to safe havens. Demand for US 10-year bonds skyrocketed.
Investors also grabbed the dollar, which was seen as a safe investment.
The dollar index, which measures the value of major currencies, gained up to 1.3 percent to 105.10 points.
Gold also rose 1.7 percent to $1,933 a troy ounce.
https://www.cash.ch/news/top-news/borsen...auf-583051
Investors mainly threw bank shares out of their portfolios.
In view of the uncertainties in the banking sector, investors fled to safe havens. Demand for US 10-year bonds skyrocketed.
Investors also grabbed the dollar, which was seen as a safe investment.
The dollar index, which measures the value of major currencies, gained up to 1.3 percent to 105.10 points.
Gold also rose 1.7 percent to $1,933 a troy ounce.
https://www.cash.ch/news/top-news/borsen...auf-583051
