Banking stocks under pressure
No surprises following the negative sentiment we're seeing in the market right now as a result of the Turkey situation. The ECB had earlier also said that they are concerned about regional banks' due to their credit exposure to Turkey and among those, we're seeing Unicredit and BNP shares suffer the most as a result.
Flows are also moving away from equities and into bonds as fears about a contagion effect from Turkey are gathering pace.
