World markets set for aftershocks as ripple effects of SVB collapse

Investors will be keeping an eye on the European Central Bank, which looks set to raise rates sharply again on Thursday. An unexpected spike in underlying inflation in February has policymakers concerned that price pressures may persist. The ECB will remain vigilant on the risk of possible contagion, and will keep it in check, said Marchel Alexandrovich, European Economist and Partner at Saltmarsh Economics, There must be plenty of liquidity in the system. If markets have a tough week, ECB President Christine Lagarde may “send a more cautious message, “He said.