The Zhitong Finance App learned that on Wednesday, European bank stocks generally rose before the market. Deutsche Bank (DB.US) and Santander (SAN.US) rose nearly 7%, while Bank of Spain's Bilbao (BBVA.US), Barclays Bank (BCS.US), and HSBC Holdings (HSBC.US) rose more than 5%. Analysts believe that the core of the massive rebound in European bank stocks is the clear election results, the release of pressure to reduce positions in the early stages, and the fall in bond yields to jointly reduce bank stock risk discounts. The Democratic Party swept through the US Congress, weakening the market's bets on further expansion of US military spending, while boosting European bank stock optimism about improving the financing environment and credit prospects.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that on Wednesday, European bank stocks generally rose before the market. Deutsche Bank (DB.US) and Santander (SAN.US) rose nearly 7%, while Bank of Spain's Bilbao (BBVA.US), Barclays Bank (BCS.US), and HSBC Holdings (HSBC.US) rose more than 5%. Analysts believe that the core of the massive rebound in European bank stocks is the clear election results, the release of pressure to reduce positions in the early stages, and the fall in bond yields to jointly reduce bank stock risk discounts. The Democratic Party swept through the US Congress, weakening the market's bets on further expansion of US military spending, while boosting European bank stock optimism about improving the financing environment and credit prospects.
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