Belay that, Mr Spock: Deutsche Bank leads market down
The DAX started falling before the S&P
A close reading of the morning’s market moves shows that the DAX started falling before the S&P (this is while Bloomberg tells us that hedge funds are rotating from the US to Europe).
Deutsche Bank is the big underperformer on the DAX. There isn’t any obvious news to explain the German bank’s 2.8% decline in Frankfurt trading today.