ECB Rate Hike Expected After Switzerland Backs Credit Suisse

Monitors displaying the stock index prices and Japanese yen exchange rate against the U.S. dollar are seen after the New Year ceremony marking the opening of trading in 2022 at the Tokyo Stock Exchange (TSE) in Tokyo on Jan. 4, 2022. Issei Kato/Reuters

LONDON—European markets rebounded on Thursday, as a 50 billion Swiss franc ($53.94 billion) lifeline for beleaguered lender Credit Suisse teed traders up for an European Central Bank interest rate decision later.

Credit Suisse’s shares leapt more than 20 percent and the main European indexes and Swiss franc all rose around 1 percent in early trading, after the Swiss National Bank and financial regulator, FINMA, took action late on Wednesday.