JPMorgan Maintains Positive View on European Banks
J.P. Morgan analysts cite strong fundamentals and attractive valuations after European banks underperformed the broader market by 7% amid concerns about rising sovereign bond yields.
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Bitcoin rises 1.2% to $82,781
Bitcoin climbed 1.2% to $82,781 after earlier slipping to $80,500 overnight. Analysts said $81,000 has been seen as an initial support level, while strength in the U.S. dollar and higher Treasury yields has weighed on risk assets this week.