Reply To: Traders Market Weekly: Hedge Funds, Bonds and China Distortion

08 Aug '23 at 8:44 am #63682
Truman
Participant

Major European indices trade in the red.

STOXX Europe 600: -0.5%,
Germany’s DAX: -1.4%,
U.K.’s FTSE 100: -0.7%,
France’s CAC 40: -1.2%,
Italy’s FTSE MIB: -2.5%,
Spain’s IBEX 35: -1.3%.

Bank stocks are under pressure after Italy’s cabinet approved a one-off 40% tax on windfall profits of banks, aiming to raise about EUR3 bln.