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SQUAWK BOX, FRIDAY 17TH MARCH, 2023 episode artwork

Mar 17, 2023 30 min

SQUAWK BOX, FRIDAY 17TH MARCH, 2023

from Squawk Box Europe Express

U.S. banks band together, propping up First Republic with a $30 billion rescue deal. Meanwhile, UBS and Credit Suisse reportedly oppose a government-orchestrated tie-up, as the Swiss lender insists its capital position hasn't changed. Wall Street rallies, with banking stocks posting their best day of the year - putting the S&P500 on track for its best weekly performance since January. Investor attention now turns to the Fed and its response to the banking sector turmoil, after the ECB hikes rates by 50 basis points. And protests erupt across France, as Emmanuel Macron exercises his presidential powers to push through his controversial pension reform plan - potentially opening himself up to an immediate vote of no confidence.

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SQUAWK BOX, FRIDAY 17TH MARCH, 2023

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