European stocks saw a significant weekly drop Friday. Investors are concerned about growth and inflation due to Middle East conflict disrupting energy supplies. The STOXX 600 index fell, marking a two-week low and ending a four-week gain streak. Most regional markets also declined. Technology stocks saw gains, boosted by SAP’s strong performance. Healthcare and financials lost ground.
RBI action on Paytm Payments Bank incrementally negative for One 97, says Bernstein; retains ‘Outperform’, sees 30% upside
The RBI has cancelled Paytm Payments Bank’s license due to regulatory non-compliance, citing detrimental operations and prejudiced management. While Bernstein views this as incrementally negative