Deutsche Bank hits all-time low amid global slowdown

Friday, 16. August 2019 12:08

Deutsche Bank AG's stocks hit an all-time low on Friday, battered by falling interest rates and a string of negative news during the previous months. Eurozone government bonds continue to point towards negative yields, as the investors continue to build their positions in safer assets. Yesterday, German ten-year bond yield touched minus 0.681% for the first time, while the thirty-year rate plunged 5.6 points to 0.247% below zero.

Earlier, Deutsche Bank's announced restructuring failed to impress investors, after the speed and the costs of the overhaul affected lender's guidance.

Financial giant's stocks lost 1.41% for a brief time at 11:53 am CET, falling to €5.8 per share. Deutsche Bank lost 15.87% in the past 12 months.

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Breaking the News / MA