European stocks look set to open broadly lower on Monday amid signs that the banking crisis is escalating, and a recession might be pulled forward.
Banks would continue to remain in focus as investors react to news of a Credit Suisse bailout by its bigger rival UBS and reports suggesting that at least two major European banks are looking to the Federal Reserve and the ECB for stronger signals of support.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.