Shares Rise After Credit Suisse Deal, but Bank ‘Whack-a-Mole’ Not Over

Shares Rise After Credit Suisse Deal, but Bank ‘Whack-a-Mole’ Not Over
A huge electric stock quotation board is seen inside a building in Tokyo, Japan, on Dec. 30, 2022. Issei Kato/Reuters
Reuters
Updated:

LONDON/SINGAPORE—Global shares rose on Tuesday, after the rescue of Credit Suisse arrested a rout in bank stocks, but signs of stress in the financial system are making investors wonder if another lender may deliver a nasty surprise, and how central banks might respond.

The Federal Reserve begins a two-day meeting later in the day and after a wild few sessions, U.S. interest rate futures pricing implies that a peak in rates is either imminent or has already been reached.