"The stock market cannot always go up and multiples are very high. The least bit of dust can gum up the works. "Both CaixaBank and Sabadell results look a little disappointing. Fourth-quarter numbers decidedly mixed for both, but the guidance towards a brighter outlook may offer partial support," said Jefferies analysts.Deutsche Bank fell as much as 6.4 per cent to its lowest level since November. It posted its third consecutive annual loss in 2017, taking a hit from challenging markets, a drop in investment bank revenue and a US tax reform, after a difficult fourth quarter.

Source: Economic Times February 02, 2018 10:30 UTC