Bond market's inflation expectations at almost seven-year low
Europe’s big banks are seriously listing. Italian banks, weighed down by immense amounts of non-performing loans, are undergoing a bailout of sorts at the moment. Shares of Deutsche Bank and Credit Suisse are getting crushed. Their CEOs have gotten keelhauled last year. New CEOs are at the helm now. Some of their bonds have gotten trampled. Credit default swaps are blowing out.
The Stoxx Europe 600 banking index, after declining six weeks in a row, the longest weekly loosing spree since 2008 when the sky was falling on the banks (and when it declined 10 weeks in a row), fell another 5.6% on Monday. It has plunged 39% since its peak at the end of July.
European banks have been caught in a perfect storm of market turmoil, lately.
Lackluster profits and negative interest rates, have prompted investors to dump shares in the sector that was touted as one of the best investment ideas just a few months ago
6--Member of the UN commission of inquiry on Syria supports Russia's airstrikes against terrorist groups
"I think the Russian intervention is a good thing, because finally someone is attacking these terrorist groups," Carla Del Ponte told Swiss broadcaster RTS on Monday, listing the Daesh Takfiri group and the al-Qaeda-affiliated al-Nusra Front among the groups targeted. Carla Del Ponte, a former chief prosecutor of UN international criminal law tribunals