{"id":13046,"date":"2025-10-17T07:50:36","date_gmt":"2025-10-17T05:50:36","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/european-stocks-set-to-wipe-out-weekly-gains-as-banks-plunge\/"},"modified":"2026-02-27T16:26:09","modified_gmt":"2026-02-27T14:26:09","slug":"european-stocks-set-to-wipe-out-weekly-gains-as-banks-plunge","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/european-stocks-set-to-wipe-out-weekly-gains-as-banks-plunge\/","title":{"rendered":"European stocks set to wipe out weekly gains as banks plunge"},"content":{"rendered":"<div><\/div>\n<div>\n<p class=\"x_MsoNormal\">The continent-wide STOXX 600 index dropped 1.5% , set to wipe out weekly gains. European banks slid 2.4%, with shares of Deutsche Bank, Barclays and BNP Paribas leading declines.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The US regional banks index dropped 6.3% on Thursday after announcements from two lenders fuelled investor unease about hidden credit stress.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Among other early movers, Novo Nordisk fell 4.6% after US President Donald Trump said that the price of Danish drugmaker&#8217;s best-selling weight-loss drug would be lowered and that negotiations over price changes would be swift.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Spain&#8217;s BBVA jumped 7% after the lender failed to convince Sabadell shareholders to back its 16.32 billion Euro ($19.07 billion) hostile takeover bid. BBVA said it would immediately resume shareholder remuneration.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;Reuters&#8211;<\/p>\n<\/div>\n","protected":false},"featured_media":13047,"template":"default||default","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-13046","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"European shares tumbled on Friday, oncourse for their biggest drop in six weeks, as renewed concerns about the health of\u00a0United States\u00a0regional banks hurt lenders globally||European shares tumbled on Friday, oncourse for their biggest drop in six weeks, as renewed concerns about the health of\u00a0United States\u00a0regional banks hurt lenders globally","published_date":"2025-10-17 00:00:00||2025-10-17 00:00:00","news_description":"European shares tumbled on Friday, oncourse for their biggest drop in six weeks, as renewed concerns about the health of\u00a0United States\u00a0regional banks hurt lenders globally||European shares tumbled on Friday, oncourse for their biggest drop in six weeks, as renewed concerns about the health of\u00a0United States\u00a0regional banks hurt lenders globally","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13046\/revisions"}],"predecessor-version":[{"id":18352,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13046\/revisions\/18352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/13047"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=13046"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=13046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}