Banking sector

Key events: UK - GDP (MoM) (Nov) USA - Core Retail Sales (MoM) (Dec) USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (Jan) USA - Retail Sales (MoM) (Dec) The stock market surged higher on Wednesday, driven by cooling inflation and robust quarterly earnings from major Wall Street banks. This resurgence in investor optimism saw the Dow Jones Industrial Average climb by 703 points, or 1.7%, the S&P 500 rise by 1.8%, and the NASDAQ Composite jump by 2.5%.

In the money world, banks are like different players in a game, each with its own job. This article explores the different types of banks, showing what makes them unique and how they impact the economy. From everyday banks for regular folks to big banks that influence national money rules, it's like a big puzzle where each piece has its place. Learning about these banks not only helps us understand money better but also shows how they work together to keep the global money system running.

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Key events:         USA – Building Permits (Feb)    USA – Initial Jobless Claims USA – Philadelphia Fed Manufacturing Index (Mar) Eurozone – ECB Monetary Policy Statement      Eurozone – ECB Interest Rate Decision (Mar)   Eurozone – ECB President Lagarde Speaks The U.S. stock market fell after Credit Suisse reiterated concerns about the banking system.

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