With banking worries put on the back burner for now, with no further stresses in the system emerging, investors’ appetite for a bit more risk is returning.
The lingering anxiety about the health of the global financial system is providing some support to the safe-haven dollar.
"A miraculous comeback in stock markets, with the S&P 500 erasing some heavy losses to close higher by 0.5% in the end."
First Citizens Bank has bought all the loans and deposits of SVB for $16.5 billion, Deutsche Bank gained more than 6% after steep losses on Friday.
ECB President, Christine Lagarde, stresses the banking sector remains resilient with strong capital positions.