Commerzbank AG
‘No reason to panic’: Commerzbank CEO states loan providers are better organized to offer with financial loan defaults
Crucial Points “The German economic climate is facing a tough time in advance of us thanks to the Ukraine conflict, China, source chain challenges and the power disaster,” Commerzbank CEO Manfred Knof advised CNBC on Thursday. “Most likely the German overall economy is heading into a downward [trajectory] and possibly into a economic downturn but […]
Read More
JPMorgan names its winning and losing global stocks for the rest of the year
Analysts at JPMorgan have picked their likely winners and losers for the second half of 2022, naming stocks set to do well — or badly — when factors such as inflation, bond yields and oil prices are taken into account. The analysts identified several trends for the coming months after a volatile first half that […]
Read More
European stocks slide 1.2% after undisclosed investor sells stakes in German banks; Deutsche Bank tanks 9.5%
LONDON — European markets sank Tuesday morning as traders monitored heaving selling in the banking sector, and looked ahead to key central bank meetings and U.S. inflation prints. The pan-European Euro Stoxx 600 index was down 1.2% in early deals, with the German DAX dropping 1.8% and the banking sector falling 2.3%. Reports on Monday […]
Read More