Free Trial

European Indices Mixed, But Bank Stocks Hit

EQUITIES
  • After the solid close on Wall Street Friday, European indices got off to a good start Monday, before performance turned more mixed ahead of the NY crossover. Germany's DAX and France's CAC-40 are higher by 0.4% or so, while Spain's IBEX-35 is underwater by a similar margin.
  • Bank stocks are a laggard across the continent, with banks holding exposure to Bill Hwang's Archegos Capital hit hard from the off. Among the largest decliners are Credit Suisse and Deutsche Bank.
  • US futures are softer, with the e-mini S&P lower by just over 15 points as markets roll off the strong close Friday.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.