Deutsche Bank shares fall as credit default swaps rise

Deutsche Bank shares fall as credit default swaps rise



So European markets are coming or closing for the day. Let's get to CNBC's AuroBellet Goumede live in our London newsroom with more. AuroBellet. Yes, so markets have certainly gone down today, hit a lot by the banking stocks. Of course, Deutsche Bank certainly in focus. It does follow on from the saga we have seen across the globe, particularly from the U.S.

, having seen signature, silver bank and all the others. But Deutsche Bank certainly in key focus today does follow on from yesterday's big jump then in the CDS's that we saw, which kind of gave no apparent clear reason for that spike in those CDS's. But that number jumping up, increasing fears of where Deutsche Bank certainly might be, we saw that stock even fall down as much as 14 percent today, if not just a little bit more. By the end of trade, however, around 8 percent weaker, 8.6 percent weaker by the end of the closing, the trading day there, around 5 percent weaker with the banking stocks overall too. So they clearly had an overall weakness. The sentiment is worrisome around banking stocks as to where exactly do they currently sit.

Of course, the key sentiments have been that with enough liquidity in the market, those banking stocks should actually be fine. But the general read across the board does show that there is some fear. European leaders have also been at a summit today then also just sharing some sentiments. The German Chancellor Olaf Scholz even speaking about how Deutsche Bank is a profitable business with no reasons for concern. So clearly, markets still feeling the pinch, but regulators seemingly are unperturbed too much by the saga that is currently happening in the market.



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