FRANKFURT (dpa-AFX Broker) – The recovery of Europe’s bank stocks stalled again on Tuesday morning. The DAX even gave up its gains. Helaba economist Ulrich Wortberg saw “deep traces” of the Iran war in the economic expectations of the ZEW research institute. Contrary to expectations, they fell into the red.
Shares in Deutsche Bank (Deutsche Bank) even fell by 1.8 percent at times. Statements by CEO Christian Sewing at a conference were added here. According to the manager, the Iran war could be a setback for the German economy. However, his bank had planned cautiously for 2026 and 2027 anyway. He therefore sees no reason to change the targets, even if little or no growth is likely to be achieved in the first quarter./ag/nas
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