Written by Alessandro Albano
Investing.com — The potential closing of the deal between Credit Suisse (NYSE:) and UBS (NYSE::) has not eased concerns about the banking sector after warning from the German institute, Deutsche Pfandbriefbank (ETR::) which decided not to contact its €300m AT1 bond.
This was done because of “market conditions” and “economic costs,” DPAG explained, but which undermines market confidence in the sector’s ability to repay subordinated debt, which fell sharply after Credit Suisse’s 16 billion AT1, as also It can be seen from the rise in credit default swaps on European banks.
In Milan, UniCredit (a little:)And Monte dei Paschi (BIT:) and Bpm (BIT:) are down 4%, while Intesa San Paolo (BIT:) loses 3%. Only health-related titles are saved in , eg Register (BIT:) and DiaSorin (BIT:)
Sales are also spreading across Europe, down 3%. The cuts in Germany were particularly heavy, with Deutsche Bank Commerzbank (ETR:) fell 8% and Commerzbank (ETR:) fell 5%.
in London, Barclays (color 🙂 e HSBC Holdings (LON:) lost 3.8% and 3% while in Paris The National Bank of Paris Paribas (EPA:) e Credit Agricole (EPA:) a rejection mark of about 3% each.
The general context of the markets in 2023 is characterized by “protagonist volatility,” with average daily volatility (understood as variations from the highs to lows of the day) registering notable increases in this month of March, placing itself behind only the main index. Crises of the century. A sign of investor uncertainty, despite positive year-to-date performance,” he writes Gabriel Dibach, Analyst at eToroon investment. com.
We remind you of the March 28 webinar Volatile Markets: Discover the Strategy for Accumulation Plans in ETFs. You can register for free by following this link.
“Infuriatingly humble social media buff. Twitter advocate. Writer. Internet nerd.”
Petrol and diesel scams at distributors are now joining a new scam of bogus fines
Ztl, goodbye electric cars: the decision is now final | There is no going back
Huge Rise in Nvidia Stocks with AI Microchips – QuiFinanza