Shares of European banks fell and signaling a new collapse of the markets


Photo is taken from public sources

Yesterday, shares of European banks dramatically collapsed and this unfortunate example was followed by stock index on the two sides of the Atlantic. Statement by Mario Draghi and his colleagues from the Board of Governors that the program to stimulate the economy, which constitute the issuance of money and negative interest rates, may be extended, gave investors an understanding that the European banking system teetering on the critical indicators and managed like a dummy. Shares of Deutsche Bank, the largest bank in Europe, fell by 2.97% and almost touched historic lows, shown in February. Deutsche Bank, involved in transactions more money than GDP of Eurozone by 24 times, decreases the tenth month, for which the bank’s capitalization declined by two and a half times. In January, Deutsche Bank announced a record loss for itself in six billion and eight hundred million euros. In the course of trading historic low also tested stocks HSBC and Royal Bank of Scotland. Also fell to a new low quotes Swiss UBS 1.03. Scroll down and Italian giants such as BMPS, Unicredit, Banco Popolare and UBI Banca by 5 — 8 percent. The maximum drop in 4 years shows the index of the shares of European banks. Fasanara Capital analyst Francesco Vilia sure that the banking sector in Europe has been the victim of the ECB monetary experiment, lowered interest rates to zero, and the deposit — to negative values. «No bank can not long exist in conditions of negative interest rates It is not in balance and there is no profit.», — Said Vilia, assuring that the banking sector at the moment — is the Achilles’ heel of the stock market. So, against the backdrop of increasing signs of weakness of the real sector of the rally of the world economy in the EU and US stocks, which lasted from mid-February, it may come to a turning point. «If we consider the banking stocks as a leading indicator, the markets are on the verge of a big correction,» — warns analyst at CMC Markets Jasper Lawler. «The market is a lot of fear A lot of big investors do not believe that the shares will continue to grow, and are preparing for a reversal.», — Says the manager Raiffeisen Capital Management in Vienna Herbert Perus. By his words, the situation can be corrected by positive news from the Fed or the rise in oil prices. But the exodus of traders and investors can omit quotes Brent in district 12-year lows tested in January — 27.2 dollars per barrel.

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