European bank shares fall as bond yields surge, spreads widen
4 Articles
4 Articles
European bank shares fall as bond yields surge, spreads widen
MILAN, Oct 7 (Reuters) – Shares in top European banks fell sharply on Wednesday as a renewed bond selloff and rising oil prices stoked concerns that inflation could reaccelerate, putting further pressure on rates and sovereign bond markets. “The market is seeing pressure on rates, widening spreads and a generally weaker backdrop, also because oil has started to rise again,” said Carlo Franchini, head of institutional clients at Banca Ifige…
The prices of the big banks of the Old plunge to the lowest never before since the beginning of July after the new increase in the yields of the European and American sovereign bonds.
Shares of leading European banks fell today as a new wave of bond sales and rising oil prices fueled fears that inflation could rise.
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