Are we facing another Lehman crisis (yet again) from the bank’s side? – maybe yes – maybe no – but the risks to the capital market are there, and the following article would assist understand more:
Yesterday one of the biggest banks in Europe – DB(Deutsche Bank) – dropped midday up to 7% and finished the day at 4.8% drop.
On top, the bank said 10% of its workforce globally will be laid off(97,000 people around the world) – what led to concern from a reoccurring situation as Lehman incident from 2008.
Yesterday the Dax30 responded with a drop of 136 points:
Here is the chart of DB(Deutsche Bank):
In times of uncertainty, where did everyone go? – “Safe Haven assets”(Gold/Silver/CHF/JPY)
Here is a trade idea and a comparison from what happen in 2008 with the Silver(XAU) – you will be the one to decide:
Mind the Crude Oil after today’s sharp movement volatility expected on the “Black Gold” and we are facing some interesting movements: