Deutsche Bank spread and depresses european markets – Express

The positive effect created by the supremacy of Hillary Clinton in a debate with Donald Trump, pointing to a greater probability of victory of the democrats in the u.s. elections, alivou the international markets that started the session on a high. But the effect was short-lived, the fragility of the banking the German is leaving investors nervous, and shot the main squares in europe to ground the negative.

Deutsche Bank, which on Monday closed the devalue more than 7.5%, returned this Tuesday to the sink. The actions of the largest German bank are losing more than 2.5%. Deutsche Bank, regarded by the IMF as one of the banks that increased the systemic risk it represents to the international financial system, is to be strongly penalized before the possibility of having to come to pay a fine of 14 thousand million dollars for the alleged sale of toxic products in the USA.

To meet this debt to the Deutsche Bank will make a capital increase, and the situation of fragility of the bank will facilitate this operation.

The bad news about the banking the German does not stop here. Commerzbank, the second largest German bank, has announced a cost-cutting plan in the amount of one thousand million euros, that is, according to the German press, by the dismissal of 9000 people and by the postponement of the return to the payment of dividends. The German State, the holder of approximately 15% of the share capital, rescued the Commerzbank in 2008 and again in 2009. The shares of Commerzbank are falling more than 3%.

the signs that the banking German is not healthy are to cause uncertainty and leave investors nervous. There is contagion, negative, mirrored in the indices. At 12:30, the PSI20 stock exchange of Lisbon lost 0,62%, the DAX German shrinking 0,91%, the IBEX of Madrid desvalorizava of 0.35% and CAX40 Paris fell 0,62%.

Curiously on the Stock exchange of Lisbon, the Portuguese banks are on a high. The BCP is up to 0.65% to 0,015 euros before the expectation of the agreement with the chinese Fosun, for the entry in the capital is about to be completed. The Fosun intends to stay for now, with 16.7% of the capital. Already the BIS value 0.09%, still benefiting from the approval of the desblindagem of the statute, thus permitting the public offer of acquisition (OPA) of the Spanish CaixaBank go.