As Deutsche struggles, European bank rally creates investor dilemma

As Deutsche struggles, European bank rally creates investor dilemma
 

While possibly Europe's biggest "pain trade", fund managers are under pressure to buy banking stocks despite the deep problems of Deutsche Bank and some other lenders in the region.
A 9 percent slump to record lows on Friday for the German lender was rapidly reversed in afternoon trade, exemplifying the difficulties investors face in staying bearish on a sector which still faces fundamental problems.
As the third quarter draws to a close, the main European banking index .SX7P has rallied 19 percent from the start of July, with a number of constituent stocks rising sharply in... read more

 
30 September 2016 in Business, Views: 47
Source: Reuters
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