S&P 500 advances moderately amidst the Deutsche Bank crisis, mixed US data SP500 DowJones Nasdaq Fed RiskAversion
ares of the German bank dropped 14%, while its CDS, a form of insurance against its default, skyrocketed 200 bps.
S&P Global revealed that business activity in the United States during March improved, above estimates and the prior month’s readings. Nonetheless, the S&P Globalwas shy of expansion territory, at 49.3, but smashed estimates and February’s data.
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