[BENGALURU] European shares snapped a four session winning run on Thursday, as bank stocks drew close attention after sources said Italy's UniCredit was interested in buying Germany's Commerzbank.
"Unicredit is in alright shape for a euro zone bank, but given that profit margins are low in the already oversaturated German banking sector, some traders are wondering, would it be a wise move," wrote David Madden, a market analyst at CMC Markets UK. Italian stocks fell 0.2 per cent on the day, with sentiment clouded by a report the country's government will cut its 2019 economic growth forecast.
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