Today, at $9.77 per share, DB is close to testing its October low of $9.60 per share. Since the Income and Growth investable benchmark is down 7% for the year through October, with global equities and long-term Treasuries both negative, investors have little risk appetite to sustain a market shock.
ETF PM is currently overweight cash given elevated market risk. However, we are also ready to shift our active strategies to fully invested as needed.
Contact us if you would like to discuss.
I’m not under political pressure to merge, Deutsche Bank’s CEO says
BERLIN (Reuters) – Deutsche Bank’s (DBKGn.DE) Chief Executive Christian Sewing said he was not experiencing pressure from the German government to merge with smaller rival Commerzbank (CBKG.DE), adding that he was comfortable with the progress the troubled lender was making on cost-pruning.
Click here for the full article.