Business · 1 hour ago
European bank shares fall sharply as bond yields rise
Photo by Masood Aslami on Pexels
Shares in major European banks dropped significantly on Wednesday, with the STOXX Europe Banks index down 3.5%. A bond selloff and rising oil prices sparked worries about inflation picking up again. Traders reported that banks experienced an impact due to concerns about the spread of financial instability from France and devaluations in their government bond portfolios.
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