Bank shares in Europe steadied, showing only modest losses. The STOXX Banks index comprising 21 leading European lenders dipped 0.8%, following steep plunges Monday that had some banks down more than 10% in intraday trading.
While risks outside the U.S. appear limited, the collapses of Silicon Valley Bank and Signature Bank have shaken confidence in the industry at a time when the Federal Reserve and other central banks are struggling to without snuffing out post-pandemic economic recoveries. At midday, France’s CAC 40 rose 0.9%, Germany’s DAX added 1.1% and Britain’s FTSE 100 inched up 0.3%.
Japanese officials have insisted that the impact on the country’s banks from troubles in the U.S. industry would likely be limited. But bank shares plunged.
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Herkunft: cleveland19news - 🏆 70. / 68 Weiterlesen »
Bank stocks plunge and gold rises as Wall Street deals with uncertaintyThe most pressure is on the regional banks one or two steps below in size of the massive, “too-big-to-fail” banks that helped take down the economy during the 2008 financial crisis.
Herkunft: wsfa12news - 🏆 338. / 59 Weiterlesen »
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Herkunft: AP - 🏆 728. / 51 Weiterlesen »
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Herkunft: CBSNews - 🏆 87. / 68 Weiterlesen »
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Herkunft: CBSNews - 🏆 87. / 68 Weiterlesen »