BNKEP.XD is trading at €374.55, down -3.30%, as broad European bank weakness followed rising sovereign yields and wider spreads. - The Euro Stoxx Banks index fell on October 7, reviving concerns about banks’ bond holdings and exposure to weaker borrowers. - French fiscal and political uncertainty intensified pressure across euro-area debt markets. - Higher oil prices amid renewed Strait of Hormuz tensions added to inflation and interest-rate worries, weighing on European equities more broadly; sector-wide weakness, rather than a single-company catalyst, best explains the ETF’s decline.