Stoxx 600 Falls 0.5% as Banks Drag Down Equities

The video discusses recent market trends, highlighting a decline in the stock 600 banks index led by banks. Stress tests revealed significant capital issues for Monte Passkey and UNA Credit, affecting investor confidence. UK Manufacturing PMI data indicates a contraction post-Brexit, with expectations of a Bank of England rate cut. The video also covers the bearish sentiment on sterling against the dollar, the most negative since 1992.

Which bank had its entire capital wiped out in the adverse scenario of the stress test?

• Barclays

• Monte Passkey

• UNA Credit

• HSBC

What does a PMI number below 50 indicate?

• Inflation

• Stable economy

• Economic contraction

• Economic growth

Since when has the UK manufacturing industry not seen such a low PMI number?

• 2018

• 2010

• 2013

• 2015

What is the expected action of the Bank of England according to most economists surveyed?

• Introduce new currency

• Increase interest rates

• Maintain current interest rates

• Cut interest rates

When was the last time such bearish sentiment on the pound against the dollar was observed?

• 2008

• 2000

• 1985

• 1992