The One Big Loser In Europe Today

Remember yesterday when Fitch basically warned on the ratings of the entire Western banking system?

It’s being felt today.

Despite markets heading higher, banks are the one area where pain is being felt.

Here’s one representative — SocGen — down over 2%.

chgart

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.