Major European and Asian stock markets reached their lowest level in more than two years, despite persistent concerns on the impact of sustained low interest rates on banks.
The financial sector faces many problems: low benefits, a decelerated world economy and negative rates worldwide, which reduce its ability to improve profitability.
Deutsche Bank, the first German bank, which collapsed in the stock market in recent weeks, had to publish a statement to calm its investors about its ability to pay debts. And tried to put out fires in stating that the uncertainties that threaten the world economy do not come from the euro zone.
To make matters worse the International Energy Agency (IEA) warned yesterday against the optimistic forecasts that point to a slowdown in the fall in oil prices and pointed out that an increase in the short term is not perceived. And it made a final verdict: the price of oil has not hit bottom.