Credit Suisse buyout boosts stock futures.
US stock futures rose in Asian trade on Monday following a weekend rescue deal for Credit Suisse, though financial shares remained under pressure from contagion fears, even with support from global central banks. The fallout from the collapse of Silicon Valley Bank has brought a globally systemic lender to its knees. Central banks including the Fed, the European Central Bank and Bank of Japan pledged to deepen support for liquidity, by increasing the frequency of seven-day dollar-swap operations from weekly to daily.
