Morning Bid: Bank calm, rates firm, Alibaba steals show


Source: reuters.com reuters.com

Key Topics in this News Article:

News Snapshot:

March 29 (Reuters) - A look at the day ahead in U.S. and global markets from Mike Dolan. A semblance of calm has returned to world markets in the final week of the first quarter as the banking storm abates and the spotlight switched to a share-boosting six-way revamp of Chinese e-commerce giant Alibaba. Investors cheered the surprise move from Alibaba (9988.HK) as a sign Beijing's corporate crackdown may be nearing an end, sending shares of the Jack Ma-founded firm and peers soaring. The group's shares jumped as much as 16.3% in Hong Kong on Wednesday, tracking a 14.3% rally...