ECB guarantees that the banking sector is ‘solid’, but Deutsche Bank and six other banks in the euro zone sink in the stock markets

The stock markets returned to the red at the end of the week, despite the moderation, this week, in raising interest rates – just 25 basis points – by the US Federal Reserve (Fed) and the central banks of the United Kingdom and Norway.

On Friday, on a world scale, stock markets fell by 0.2% and the most affected region was the euro zone, with the respective MSCI index losing 2.9%. A new wave of mistrust about European banking hit on Friday. Seven major banks lost more than 5% in the week’s closing session. The biggest falls were registered in the Finnish Nordea Bank, with a retreat of almost 10%, in the German Deutsche Bank with losses of 8.5% and in the Austrian Raiffeisen Bank with a fall of 8%. In Lisbon, BCP, the only bank included in the Portuguese PSI index (currently 16 listed), registered a loss of 2.9%.

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Source: Expresso by

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