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Investors Eye Towards the West as European Bank EFTs Lose

The ultra-low negative trend amid the coronavirus has made investors reconsider European banks

The Global Economics by The Global Economics
November 1, 2020
in Finance, Top Stories
Reading Time: 1 min read
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Investors Eye Towards the West as European Bank EFTs Lose

Investors Eye Towards the West as European Bank EFTs Lose

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With the drastic plunge in evaluations last month, several exchange-traded fund investors have turned to American banks.

Touching the lowest levels on record, the #Stoxx Europe 600 Banks index struck below its 1992 nadir, losing 3% as German Chancellor #Angela Merkel went for a month-long partial lockdown to contain the novel coronavirus. Soon after, France imposed a nationwide shutdown.

Adding to rising Covid-19 cases and tougher lockdowns, both U.S. and European stocks tumble over 5% this week and denial of American lawmakers to come up with economic aid package prior to Nov 3. Europe’s third-largest economy recorded over 500 new deaths in the last 24 hours.

According to the index S&P Financial Select Sector, many U.S. banks #EFTs have progressed with net inflows each month since March as investors opt for sector trading at 1.2 times book value and 16.2 times trailing earnings.

The chief impact on better capitalization of U.S. banks turns out to be interest rate spreads. Ever since 2014, the Eurozone banks have shown a southward growth, limiting the spread banks charge between the deposit rates and lending.

Notably, the U.S. federal fund rates shown improvement and were up 2% in 2019, even though they fell to a virtual zero later due to the pandemic.

Tags: AngelaEFTsStoxx
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The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

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