Deutsche Bank has managed to calm the market over its ability to make coupon payments on its bonds. For now.
The bank fell 9.5% in trading on Monday on fears it won’t make scheduled distributions, but is up more than 3% in Frankfurt on Tuesday.
Here’s how that looks:
European markets are calmer across the board after sharp fall yesterday, although are still just about in the red.
They have also shaken off concerns in Asia.
It’s been a bloodbath in Japanese stocks, which fell more than 5% today, weighed down by the double-whammy of heightened global growth concerns and a sharp appreciation in the Japanese yen.
Here’s how the UK’s FTSE 100 is doing. The market was just down slighltly as of 8:23 a.m. UK time:
NOW WATCH: How to know if you’re a psychopath
Business Insider Emails & Alerts
Site highlights each day to your inbox.