Intesa Sanpaolo’s shares fell by more than 2 percent on Monday, as a Goldman Sachs downgrade outweighed a strong performance by Italy’s top retail bank in Europe’s stress tests.
European shares dipped on Monday after markets in Asian again suffered from investor nervousness over fast-rising interest rates in the United States and its trade dispute with China.
Shares in Italian banks Banco BPM and Intesa Sanpaolo both fell around 1.5 percent in early trade on Monday after the results of last week’s Europe-wide stress tests of the sector.
The European Union is opposed to the United States’ decision to reimpose oil and financial sanctions against Iran, European Economic Affairs Commissioner Pierre Moscovici said on Monday.
Iran is in constant contact with other signatories of a 2015 nuclear deal reached between Tehran and powers as the United States reinforces lifted sanctions under the pact, Iranian Foreign Ministry spokesman Bahram Qasemi said on Monday.
New U.S. sanctions on Iran’s vital oil sector are part of a psychological war launched by Washington against Tehran but these will fail, Foreign Ministry spokesman Bahram Qasemi was cited as saying by state TV.
Japan’s Subaru Corp said it would recall more vehicles sold in the domestic market on new cases of inspection cheating, and cautioned that rising recall costs would lop off about a quarter from its annual profit forecast.
The United States re-introduced sanctions against Iran on Monday, although it also gave some of its closest allies exemptions that will allow Tehran’s biggest customers, mostly in Asia, to still buy crude for now.
China said on Monday its lawful trade cooperation with Iran should be respected and expressed regret that the United States re-imposed sanctions on the Middle Eastern country.
Iran will sell its oil and break sanctions reimposed by the United States on its vital energy and banking sectors, Iranian President Hassan Rouhani told economists at a meeting broadcast live on state television on Monday.
Lloyd’s of London underwriter Hiscox Ltd on Monday reported a 14.3 percent rise in gross written premiums for the first nine months of the year, but warned that growth could moderate over the balance of the year.
Asian stocks skidded on Monday as fears of faster rate hikes in the United States and uncertainty around the Sino-U.S. trade war deterred investment in riskier assets, while sterling briefly jumped to a two-week high on hopes of an orderly Brexit.
Iran will sell its oil and break sanctions reimposed by the United States on its vital energy and banking sectors, Iranian President Hassan Rouhani told economists at a meeting broadcast live on state television on Monday.
Buy the dollar but sell FAANGs, buy real estate and machinery, but sell the overall market. Or, do nothing at all.
Subaru Corp will reduce output at its main factory in Japan after finding new cases of inspection cheating and will slash its annual profit forecast by a quarter to 220 billion yen ($1.94 billion), the Nikkei business daily reported on Monday.
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