Monday, March 13, 2023 – 12:56
European stock markets continued their decline today, Monday, recording the worst session of the year, on the impact of fears of the spread of contagion to the banking sector, after the bankruptcy of two US banks.
Deliberations on the European stock exchanges began almost stably after the announcement of exceptional measures in the US markets, but then fell, with a decline of 2.33% in Paris and 2.41% in Frankfurt, after losing more than 3% and 2.01% in London.
European banks also continued their decline on Monday, especially banks that are considered less solid than others. Credit Suisse lost 9.90%, recording its lowest historical level, while Commerzbank lost 12%, BNP Paribas 5.29%, and Society General, 5%.