Battered Japanese bank stocks clawed back some of their heavy losses, as regulators and financial executives hosed down investor concerns about contagion after the collapse of Silicon Valley Bank
In an attempt to avert a similar crisis down the line, the U.S. Federal Reserve is alsoAdding to the Fed's conundrum, U.S.showed few signs of easing in persistent price pressures within the world's largest economy.
"A mixed set of signals leave the Fed more cautious about its next steps and focused on limiting financial contagion," said Lombard Odier's chief investment officer Stéphane Monier. Reporting by Rae Wee in Singapore, Francesco Canepa and Balazs Koranyi in Frankfurt, Amanda Cooper and Sinead Cruise in London, Noele Illien in Zurich; Writing by Alexander Smith; Editing by Sam Holmes, Elisa Martinuzzi and Catherine Evans
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