This is a chart of the Euro STOXX bank stock index, one that I’ve been showing you for a while to highlight the damage being done from negative interest rates. As seen we are the cusp of breaking to new lows with its 1.6% decline today and lower by 7% in the past 4 days. And how does one have a functioning economy when this is what happens to your banking system? Will Mario Draghi follow thru with another cut in rates in September in the face of this?
Euro STOXX bank stock index