European bank shares on course for bear market
Mihaela Păun
An index of European banking <.SX7P shares fell 4.8 per cent on Monday, falling more than 20 per cent from recent closing high and leaving it on course to confirm it is in a bear market. The decline extended into a third day as U.S. President Donald Trump's sweeping tariffs ignited fears of an all-out trade war and a global economic recession. Together with the losses over the past two trading days, the index had fallen by more than 18 per cent on Monday. Germany's Commerzbank, Deutsche Bank,
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