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2023-03-16 16:32:02 By : Ms. Arya zhang

Bloomberg Markets European Open kick starts the trading day, breaking down what's moving markets and why. Francine Lacqua and Tom Mackenzie live from London bring you an action-packed hour of news no investor in Europe can afford to miss.

Overnight on Wall Street is morning in Europe. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Markets never sleep, and neither does Bloomberg News. Monitor your investments 24 hours a day, around the clock from around the globe.

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Good morning. Credit Suisse will access liquidity from the SNB. The ECB and the Fed may change their hiking plans. And fans of The Cure discover that Ticketmaster’s fees can exceed the price of their seats.

Credit Suisse will borrow up to 50 billion Swiss francs from the Swiss National Bank and it offered to repurchase up to 3 billion francs worth of senior debt securities. This comes as the SNB and CS discuss options to stabilize the bank, including a possible spin-off or tie-up with UBS. Credit Suisse’s ADRs pared losses after the SNB earlier said it would provide the liquidity backstop.