Look Out Below: Euro Bank Edition
Posted By Barry Ritholtz On August 18, 2011 @ 6:45 am In Markets | Comments Disabled
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A 3-5% collapse in European bank shares is leading to worldwide pressure on equities. US Futures [1] down 2%.
Also, I am out of the office today traveling East for the day — you know what that means!
Markets in Europe opened down 2.5%. Leading the decliners are Banks and Miners, and nearly all sectors are in the red. US regulators are looking into the local operations of Europe’s largest banks concerning possible funding issues (see WSJ [2]).
More in a moment . . .
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2011/08/look-out-below-euore-bank-edition/
URLs in this post:
[1] Image: http://www.bloomberg.com/markets/stocks/futures/
[2] WSJ: http://online.wsj.com/article/SB10001424053111904070604576514431203667092.html
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