🔴 European Banks ETF (EXV1.DE) is trading 3% down as oil rose and French yields climbed

EXV1.DE is trading at €37.95 (-3.00%) as rising oil and French bond yields weighed on European bank shares.

• On October 22, European bank shares led regional declines; the banking index fell 2.7% as oil rose and French bond yields climbed.
• EuroStoxx Banks fell 3.12%, with French bank weakness spilling into other markets. Barclays reported a third-quarter profit miss as bank earnings began. Higher borrowing costs, geopolitical risk and oil-driven inflation concerns weighed on sentiment.