Global banks drag equities as credit fears resurface
Banking stocks globally slid sharply as weakness in U.S. regional lenders raised contagion concerns. European bank indices fell ~2.8%, dragging global equities lower. In Asia, financials underperformed while investors moved into defensive assets like gold, which rose further. The price rally in bullion reflects a classic safe-haven shift amid renewed macro jitters and uncertainty about credit cycles. Markets remain cautious ahead of central bank decisions and earnings from major banks.
negative
2 days ago
Global banks drag equities as credit fears resurface
Banking stocks globally slid sharply as weakness in U.S. regional lenders raised contagion concerns. European bank indices fell ~2.8%, dragging global equities lower. In Asia, financials underperformed while investors moved into defensive assets like gold, which rose further. The price rally in bullion reflects a classic safe-haven shift amid renewed macro jitters and uncertainty about credit cycles. Markets remain cautious ahead of central bank decisions and earnings from major banks.
negative
Global banks drag equities as credit fears resurface
Banking stocks globally slid sharply as weakness in U.S. regional lenders raised contagion concerns. European bank indices fell ~2.8%, dragging global equities lower. In Asia, financials underperformed while investors moved into defensive assets like gold, which rose further. The price rally in bullion reflects a classic safe-haven shift amid renewed macro jitters and uncertainty about credit cycles. Markets remain cautious ahead of central bank decisions and earnings from major banks.
Banking stocks globally slid sharply as weakness in U.S. regional lenders raised contagion concerns. European bank indices fell ~2.8%, dragging global equities lower. In Asia, financials underperformed while investors moved into defensive assets like gold, which rose further. The price rally in bullion reflects a classic safe-haven shift amid renewed macro jitters and uncertainty about credit cycles. Markets remain cautious ahead of central bank decisions and earnings from major banks.