Europe Battles Banking Concerns amid Positive Market Trends

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Europe remains in the midst of an ongoing battle to shake off banking concerns, with investors remaining cautious as the U.S. banking system continues to cause rumbles. Despite positive earnings from the likes of UK bank Barclays and Germany's Deutsche Bank, concerns over the banking sector have kept European markets lacklustre. Meanwhile, the ongoing decline of First Republic Bank in the U.S. has only added to investor worries.

Investors are also keeping a close eye on upcoming data from the U.S. and Europe, including GDP figures and potential interest rate hikes. While analysts expect the U.S. to see an expansion rate of 2%, there are concerns that the estimate for the first-quarter growth may be lower than expected. Meanwhile, the ECB is also set to meet soon, with discussions centered around how much higher they may raise rates in the future.

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