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1.Market Observations, 8.Was Sticky

14 Apr 2017 (AFR) – European shares slide on banks, snap two-weeks of gains

(14 April 2017, AFR online)

‘European shares were led lower by declines in the bank sector on Thursday, leaving an index of the continent’s top companies to nurse a weekly loss. The pan-European STOXX 600 index closed down 0.4 per cent, ending the week with a 0.2 per cent decline over a holiday-shortened four-day week, following two weeks of gains. The banking sector was down 1.2 per cent at a five-week low, set for its fifth straight day of losses as investors globally fled risky assets. Spain’s Banco Popular and Austria’s Raiffeisen Bank led the sector…’

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