This can’t be good: financials lead Europe down
What do Europe’s banks have to do with North Korea?
Why the German and French banks should be down 3% or more overnight is unclear to me. Their contingent convertible bonds have been trading badly for a while. I can’t see why this should have anything to do with North Korea.
Italian banks are down but by much less than the French and Germans (Unicredito -1.8% this morning).