MW: Dow’s worst day in a year follows talk of no rate cuts in 2024, oil-price spike
MARKETWATCH reports: April’s sudden selloff in stocks intensified on Thursday, as investors worried about the Federal ...
MARKETWATCH reports:
Deutsche Bank shares slumped on Friday, putting the health of another globally systemic important bank in the spotlight heading into the weekend.
The German lender’s shares DBK, -13.24% fell 8% in Frankfurt trade, and the Euro Stoxx bank index SX7E, -6.19% fell 4%.
Deutsche Bank’s 5-year credit-default swaps widened on Thursday, in what Reuters reported was the largest one-day rise in its history.
It should be noted that Deutsche Bank’s 5-year credit-default swap, which was 175 on Thursday, is nowhere near the peak for Credit Suisse, which was 1,194, according to S&P Global data. The higher the value of the CDS, the more likely the market sees the issuer defaulting…
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