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French stocks traded higher Tuesday on easing concerns over the banking system. Investors shrugged off survey results from the statistical office Insee showing that French manufacturers' confidence slightly worsened in March for the first time in four months.
European stocks were seeing modest gains on Tuesday amid easing concerns over the banking system and on eve of testimony to Parliament about Silicon Valley Bank by the governor of the Bank of England (BoE).
European stocks are seen opening on a positive note Tuesday amid growing bets that global central banks will adopt a less hawkish stance in the face of a potential bank breakdown.
European shares rose on Friday to extend gains from the previous session as multi-billion-dollar lifelines for troubled U.S. and European banks helped calm investor fears around potential contagion.
European stocks look set to open broadly lower on Monday amid signs that the banking crisis is escalating, and a recession might be pulled forward. Banks would continue to remain in focus as investors react to news of a Credit Suisse bailout by its bigger rival UBS and reports suggesting that at least two major European banks are looking to the Federal Reserve and the ECB for stronger signals of support.