Financial Shares Fell as Interest Rate Cuts Look Less Likely -- Financials Roundup

Shares of banks and other financial institutions fell as the war in Iran makes the outlook for global interest rates less certain.

Odds of no interest rate cuts by the Fed this year rose to 45% on the CME's FedWatch tool, from 17% a week ago and just 5% a month ago, reflecting market concerns that uncertainty could hold the central bank's hand for longer than previously expected.

Deutsche Bank said it had a $30 billion private-credit exposure for the year of 2025. This marks an increase of 6% on the previous year's exposure.

Write to Paulo Trevisani at [e-mail]

(END) Dow Jones Newswires

03-12-26 1803ET