Banco Popular fell by 3.6 percent, major European markets declined as well

Banco popular

Most of the markets in Europe settled lower and global investors are enduring the remarks of U.S. President Donald Trump that he would support the Federal Reserve dropping interest rates.

The Stoxx 600 and the FTSE 100 ended stale, meanwhile the DAX and the CAC 40 were slightly lower.

The pan-European Stoxx 600 was 0.35 percent lower and most of its stocks and sectors on the negative territory. Stock markets are closed for the Good Friday holiday, and it will remain shut until Monday in celebration of Easter. Meanwhile the French CAC 40 settled lower by 0.59 percent at 5,101, the German DAX was down by 0.38 percent and the FTSE 100 finished 0.29 percent lower at 7,327.

Leisure and travel stocks weakened as Europe’s largest airline group Lufthansa plunged on its shares. According to a Reuters report, shareholder in the German airline Infinite Miles was said to have put a 2.5 percent venture at €15.25 (16.26 in USD) each for sale. Its shares fell more than 3 percent.

Materials and construction edged down by 0.56 percent along with transport firm Alstom and construction company CRH Plc as the weakest performers.

Banks were the major contributors on the declines with several lenders hitting the bottom of the European benchmark as they kept an eye on financial result of the heavyweights in U.S. Raiff Bank in Romania was lower by 5.49 percent, while Komercni Banka fell by 2.44 percent.

Banco Popular loose the most on its shares by falling 3.6 percent as investors further endured that the beset Spanish lender is ought to boost more capital.


Leave a Reply

Your email address will not be published.