A look at the day ahead in European and global markets from Ankur Banerjee
With sentiment still fragile in the aftermath of the banking crisis, a risk-on rally proved short-lived, leaving the MSCI ex-Japan index swinging between gains and losses on Thursday. The dollar firmed up, continuing its rebound, while gold eased.
Much of the market exuberance of the past couple of days came after Alibaba Group unveiled plans to split up, a movein the hope that the worst for the Chinese tech sector is over. In a call to discuss the plan to split into six units, Group CEO Daniel Zhang said on Thursday the company's breakup plan will allow its units to become more agile and eventually list on their own.
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