Fear Sends Risk Assets Down, As Banking Sector Vows Return
Skerdian Meta • 2 min read
The banking sector crisis appeared in late February and escalated in early March, with a number of banks failing, including large banks such as Credit Swiss. Governements and financial institutions intervened which sved the day, but the troubles keep resurfacing.
Changes for the main European bourses at the close:
- Stoxx 600 -1.3%
- German DAX -1.3%
- UK FTSE 100 -1.2%
- French CAC -1.6%
- Spain IBEX -1.8%
- Italy MIB -1.7%
The Stoxx 600 closed just below the recent lows, which isn’t a good sign.