[BENGALURU] European shares dipped on Tuesday, with bank stocks capturing investors' attention as concerns about a possible fine on Italy due to the indebted country's yawning budget deficit exacted a heavy toll on risk sentiment.
Milan-traded stocks slid 0.5 per cent, with the country's deputy prime minister saying the European Commission could slap a 3 billion euro fine on the country for breaking EU rules due to its rising debt and structural deficit levels.Matteo Salvini's comments sent yields on Italy's bonds broadly higher while pushing the country's banking stocks in the other direction.Italy's banking index dropped 1.2 per cent to its lowest closing level since early February.
Piraeus Bank surged 15 per cent to lead the benchmark's gainers, followed by Eurobank Ergasias SA, with a 9.8 per cent rise.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Europe: Shares rise, Athens stocks jump on snap election[BENGALURU] European shares rose on Monday, led by car-makers after Fiat Chrysler and Renault confirmed they were in talks to merge, while broader trading was mainly driven by regional politics. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Asian shares follow Europe higher on EU relief, auto mergerAsian shares tracked European gains on Tuesday, as relief over EU election results eased concerns about political difficulties in the bloc and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Europe: Stocks edge down on Brexit, trade war fears[BENGALURU] European shares edged lower on Wednesday on unease over developments in the US-China trade war and Britain's uncertain departure from the European Union. Read more at The Business Times. How will it end up?
Source: BusinessTimes - 🏆 15. / 51 Read more »
Europe: Stocks sink at open as EU voting begins[LONDON] Europe's major stock markets fell in initial trading Thursday after losses elsewhere, as voting kicked off in European Parliament elections. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Europe: Stocks wobble at open[LONDON] European stock markets wobbled in initial trading on Wednesday, with London's FTSE 100 index up 0.4 per cent to 7,356.46 points. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »