*GLOBAL STOCKS RALLY AS CONFIDENCE IN BANKING SECTOR RETURNS AHEAD OF FED MEETING
"Clearly financial stability tensions might have an impact on demand and might actually do part of the work that would otherwise be done by monetary policy and interest rate hikes," European Central Bank President Christine Lagarde told European lawmakers on Monday.raised its benchmark interest rates by 50 basis points to 3% last week, hiking rates at six consecutive meetings since July.for March, which is expected to show a drop to 17.1 from 28.1.
In corporate news, RWE stock rose 2.9% after Germany's largest utility announced plans to increase its dividend even as it expects operating profit to fall in 2023, citing lower margins at its gas-fired power plants.
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