European stocks rose today, with troubled Credit Suisse stock rising after receiving financial aid from the Swiss National Bank (the central bank), which helped ease some fears of a global banking crisis.
The Stoxx 600 index rose 0.9 percent, after falling about 3 percent so far this week, affected by the collapse of the US Silicon Valley bank and concerns about the global banking sector.
The banking sector index also rose 2.3 percent in early trading, after recording its largest daily decline in more than a year in the previous session.
shares have recovered "Credit Suisse" It rose 28 percent after announcing that it would borrow up to $54 billion from the Swiss National Bank to boost liquidity and investor confidence.
And the bank’s shares plunged 24 percent yesterday, Wednesday, while the bank’s market value witnessed a sharp decline this week, due to fears of transmission of the collapse of the two American banks. "Silicon Valley" And "Signature".
All eyes are on the European Central Bank meeting later in the day, in the first major test of how policymakers respond to growing concerns about the performance of the banking sector.
