Oil: WTI price below $70 per barrel, the first since 2021
Concerns about the possible economic impact of Credit Suisse’s woes after the Silicon Valley Bank collapse sent oil tumbling. WTI advances to its lowest prices since December 2021, due to concerns
Around 12:30 pm in Paris, a barrel of Brent from the North Sea for delivery in May lost 1.43% to $76.34, reaching its lowest level of the year.
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The CAC 40 at -3.33%
The CAC 40 shows -3.33% at 12:53 to 6903 points. Among the biggest falls, bank stocks:
- General Partnership: -12.09%
- BNP Parisbas -11.20%
At 6,903 points, the CAC 40 returned to its lowest level since January 10.
Follow the values in real time, go to BFM Bourse
Credit Suisse sinks and panic in the banks
After the SVB episode, it is now Credit Suisse that is concerned. European banks continue to tumble on the stock market on Wednesday weighed down by fears over Credit Suisse following the refusal of its largest Saudi shareholder to raise its capital further.
In Paris, BNP Paribas plummets almost 10% while General Society Drop of 9.9%. In Frankfurt, Deutsche Bank lost 6%. On Wall Street, at the pre-open, JPMorgan was down 2.3% and Goldman Sachs was down 3.3%.
However, these publications are still well below those of Credit Suisse, which fell 22% on the Zurich Stock Exchange.
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Source: BFM TV
