European bank stocks plummet, risk sentiment in European and American stock markets weakens

According to Gate market data, Deutsche Bank strategists stated that the widening bond spreads and rising inflation concerns are putting pressure on risk assets. The STOXX 600 index fell by 1%, the French CAC 40 index fell by 1.22%, and the Italian FTSE MIB index fell by 2.51%, while European bank stocks dropped by 3.38%.

The S&P 500 index fell by 0.22%, with industrial and materials stocks down by 2.14% and 1.53%, respectively. The Nasdaq index and the seven tech giants fell by 0.22% and 0.2%, respectively, while the Russell 2000 index dropped by 1.31%.