European markets live updates: global markets fall after SVB collapse – CNBC

European markets opened cautiously higher Tuesday as the aftershocks from Silicon Valley Bank’s collapse continue to ripple through financial markets.The pan-European Stoxx 600 index was up 0.2% at the start of trade, with sectors and major bourses a spread of modest gains and losses. The banking sector led losses with a 0.7% drop, following on from a tumultuous day for bank stocks Monday. Utilities and tech stocks led gains and were up 0.7%.Asia-Pacific markets tumbled on Tuesday in a volatile session, after sharp losses seen overnight on Wall Street Monday as investors grappled with the fallout of failed banks in the United States. The Dow Jones Industrial Average notched a fifth day of losses after a plan to backstop depositors in SVB failed to buoy bank stocks.The Silicon Valley Bank headquarters in Santa Clara, California, on March 13, 2023.Noah Berger | AFP | Getty ImagesU.S. stock futures rose on Monday night, however, and traders globally will be looking ahead to the latest U.S. inflation report due Tuesday.The U.S. consumer price index for February is expected to come in at 0.4% on a monthly basis or at a 6% annual pace, according to Dow Jones estimates. That’s just slightly lower than January’s inflation
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