The Trader 

Market Outlook: Bank shares hit on FinCEN files, travel stocks sunk by lockdown fears, HSBC, Rolls & more

Market Outlook: Bank shares hit on FinCEN files, travel stocks sunk by lockdown fears, HSBC, Rolls & more

September blues continue: European markets shot lower in early trade on Monday after US stocks fell for a third week in a row – the first such sustained decline in a year. The FTSE 100 headed under 5,900 and the DAX gave up the 13,000 handle as risk aversion spread across equity markets. The FTSE 100 plunged more than 2.5 per cent lower to test the big September lows – the weakest since May – at 5850. On Friday the S&P 500 broke down at the 50-day simple moving average and closed at its weakest since early August. 

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