wall street paired some of the losses we saw yesterday when they closed. looking at the futures, they may open higher. currently, that s the expectation for europe. there s one key event we need to be mindful of. there s talk about interest rates and the banking sector. i m not sure it s good timing. but ecb decides on its next interest rate decision today in the next few hours. given what has happened, will this mean it pairs back on the expectation for half a percentage point rate rise? it could well. it provides the ecb with a big opportunity to speak about this panic in the markets with the banking sector. perhaps that will go some distance to restoring confidence. anna stewart joining us there. many thanks. the banking meltdown over the past few days has left people wondering how to keep their money safe.
teeters on the brink of failure. but credit suisse will get a hand from swiss national bank as it plans to borrow $54 billion in hopes of assuring investors. the lender would be the first major bank to be given such a lifeline since the 2008 financial crisis. that feeling the of deja vu sent markets plunging in the nasdaq. the dow and s&p 500 ended the day down significantly. markets across asia are also seeing declines amid fears of instability in the banking sector. but economists are trying to reassure investors. look, americans money is safe. i don t think this is a time for panic or alarm. this is not 2008, where people needed to be worried about whether they could get their money from the atm machine.
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Trompe l’oeil: Visual illusion in art, especially as used to trick the eye into perceiving a painted detail as a three-dimensional object. — Dictionary
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