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Securities markets in Europe have fallen to a two-month minimum on the concerns about Deutsche Bank

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Securities markets in Europe have fallen to a two-month minimum on the concerns about Deutsche Bank

Securities markets in Europe have fallen to a two-month minimum on the concerns about Deutsche Bank
September 30
12:30 2016

European stock markets have suddenly fallen at the start of the session on Friday, reaching a minimum point, which was 8 weeks ago due to the fact that there are new concerns about the stability of Deutsche Bank. These alarms have pressed on the banking sector.

To the beginning of the day the pan-European index STOXX 600 has fallen by 1.68 percent, reaching a two-month low. The banking index has fallen by 3.7 per cent. It has become the biggest drop among all sectors. All the sectors have been in the red.

At the start of trading the shares of Deutsche Bank have fallen almost by 9 percent. It has become below the value of 10 Euros on the news from Bloomberg agency that the number of hedge funds are going to stop using services of the bank regarding the clearing of transactions with derivatives, hinting at the anxiety associated with doing business with Deutsche Bank.

This morning the lender has said again that customers continued to support it.

Osram shares have soared by 1.1 percent after the German edition Handelsblatt said that some Chinese companies wanted to buy a manufacturer of lighting.

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