Drop in world stock markets amid fears by banks – Yahoo Finance Spain

Global stock markets fell Monday, weighed down by the impact on banks of the relentless fall in crude prices and the weakening of the global economy

in Europe, the floor of London lost 2.71%, the Frankfurt 3.30%, 3.20% Paris, Milan and Madrid 4.69% 4.44%.

Athens suffered the most precipitous drop of 7.87%, with large losses in the banking sector: Alpha Bank (Other OTC: ALBWF – news) fell 17.65%, Piraeus Bank 27.21%, the National Bank Eurobank 29.06% and 29.20%.

other European banks also had serious setbacks, like last week.

In Italy, BMPS lost 11 , 95% and Banco Popolare (Amsterdam: PB8.AS – news) 9.09%. In France, BNP (Paris: FR0000131104 – news) fell 5.47% and 6.12% Societe Generale. In Germany, Deutsche Bank (Other OTC: DBAGF – News) lost 9.5% and Commerzbank (Xetra: CBK100 – news) 9.49%. And in the UK, Barclays (LSE: BARC.L – news) retreated 5.34% and RBS (LSE: RBS.L – news). 4.63%

Wall Street went through the same problems . The Dow Jones fell 1.10%, the Nasdaq (NasdaqGS: NDAQ – news). 1.82% and the S & P500 1.42%

On Wall Street, stocks of big banks came out hurt by fears over the future of the US economy. Thus, the action of the Bank of America (Swiss: BAC.SW – News) lost 5.3% and Morgan Stanley (Xetra: 885836 – news) by 6.9%. Also they fell papers financial institutions such as Visa (Xetra: A0NC7B – news).

A slowing economy means greater number of separations of payments, weak quality of credit and lower interest rates; all of which hurts the profits of banks, said Jim Sinegal analyst firm Morningstar (NasdaqGS: MORN – News).

In Latin America there was little market activity due to the holiday carnival. Bag Mexico lost 1.05%. The main square, Sao Paulo, did not operate.

Sessions in Europe had begun with gains, but the trend changed after oil trading back down after a brief pause in their endless fall.

the values ​​are immediately found among the hardest hit, but the debacle then spread to many sectors.

“the European markets opened higher, but were dragged down by bank stocks, some of which touched its lowest in many years (recent) disappointing results, “Michael Hewson, chief market analyst at brokerage CMC markets UK.

said” in the sector, from large establishments in the United States to Credit Suisse and Deutsche Bank in Europe, along the spectrum of negative interest rates, led investors to reassess their chances of gains, “he said.

investors also remain hesitant about the state of the world economy and question rate policy of the Federal Reserve (Fed), following the publication on Friday of a report on employment in the United States.

Such data could “revive speculation about a further increase in rates at the next Fed meeting on 15 and 16 March, at a time when many investors opt for maintaining the ‘status quo’ on account of the results mitigated been publishing companies, “say analysts at Barclays Bourse in Paris.

the first global economy created fewer jobs in January than expected, while the unemployment rate fell to 4.9%, its lowest level in eight years.

Another major concern for investors remains the slowing Chinese economy, although the giant Asian markets are closed this week because of the New Year celebrations moon

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