Analysis of 🏦Crisis + Is Deutsche🏦 The Next 🏴☠️🏦🏴☠️❓
@LMSunshine:
24/3 (Fri) ➡️ Germany’s Deutsche Bank led a sell-off in European banking shares amid mounting fears another 🏦 could slip into trouble after the emergency merger of UBS & Credit Suisse last week. Deutsche Bank is Germany’s biggest lender. The Euro Stoxx Banks Index (SX7E) slipped 5%. However, some strategists & investors cautioned that it might be a fear-induced sell-off, rather than having been triggered by concerns over liquidity at Deutsche. Stock markets in London, Germany🇩🇪& France🇫🇷 were all lower. The 3 major exchanges in the 🇺🇸 were also down in opening trade, dragged lower in part by falls in shares of financial firms, including Morgan Stanley, JP Morgan Chase & Goldman Sachs $Deutsche Bank AG(DB)$