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 expresso.pt.
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