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Business confidence in France fell in March, Numbers From the NSA showed ANSI.

The index compiled from business managers’ responses lost 1 point from February, although it remained above its long-term average.

Sentiment weakened in retail, services, manufacturing and building construction, with only wholesale trade improving.

Figures released on Monday showed that business morale in Germany rose for the fifth consecutive month in February, as measured by… Ifo Business Climate Index.

– Jenny Reed

Bank of England Governor Andrew Bailey said in a speech Monday night that he has confidence in Britain’s banking system and regulatory framework, which allows the central bank to remain focused on reducing inflation.

He described UK banks as “resilient, with strong capital and liquidity positions, and well placed to support the economy”. Sky News reported.

“We have a strong macroprudential policy regime in this country. With the Monetary Policy Committee on the issue of securing financial stability, the Monetary Policy Committee can focus on its important job of getting inflation back on target,” Bailey said.

The Bank of England raised its main interest rate by 25 basis points to 4.25% last week, after inflation came in higher than expected at 10.4% in February.

– Jenny Reed

Policymakers were right to shoot first and ask questions later amid recent banking volatility, Thanos Papasavas, founder and CEO at ABP Invest, told CNBC.

Bitcoin and ether prices are down nearly 3% in Asian morning trade, according to currency metrics After US officials filed a complaint against cryptocurrency exchange Binance and its co-founder Changpeng Zhao.

The order alleged that the company actively responded to US users and sabotaged the exchanges’ “ineffective compliance program.”

Bitcoin is down 3.09% in the last 24 hours, according to Coin Metrics, and is trading at $27,003 — while ether is also down 2.95% to $1,712.

Bitcoin is up nearly 63% qoq and is on pace to mark its best quarter since Q1 2021, when bitcoin was up 103.73%. It is also on track for a third straight month of gains.

Ether is also up 41.3% on a quarterly basis and is on pace to post its best quarter since Q1 2021, when the cryptocurrency gained more than 150%.

– Rohan Goswami, Gina Francola, Jihye Lee

The market sell-off earlier this month hurt small-cap stocks more than their larger peers.

However, Josh Bennett, senior portfolio manager in Algeria, believes that volatility has created opportunities for investors to pick stocks that will outperform in the medium to long term.

Bennett identified three stocks that he says have the potential to generate resilient profits through a potential recession.

CNBC Pro subscribers can read more here.

– Ganesh Rao

Despite market volatility, Morgan Stanley upgraded a handful of stocks in March, including US and global stocks.

The bullish calls extended to technology, pharmaceuticals and more, with the bank giving one stock a double upgrade. Here are five of the stocks promoted by the investment bank:

CNBC Pro subscribers can read more here.

– Wizen tan

European markets are heading for a positive open on Tuesday.

Britain’s FTSE 100 is expected to open 18 points higher at 7498, Germany’s DAX 41 points higher at 15,177, France’s CAC 24 points higher at 7,104 and Italy’s FTSE MIB 85 points higher at 25,822, according to data from IG.

On Tuesday, earnings are due to come from the Man Group and data releases will include French business climate data and Italian consumer confidence numbers.

– Holly Ellytt