Gavekal Capital: Some Ugly Declines in Europe Today

Thursday, February 13, 2014

Some Ugly Declines in Europe Today

The big news seems to be that  BNP Paribas set aside over $1B to pay for possible penalties related to transactions that violated U.S. laws.  As a result, the stock fell nearly 4% today.
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However, while today's decline will not affect the long-term chart for BNP Paribas too negatively, the double-digit declines in Rolls Royce and Tate & Lyle likely will have significant effects on each stock's performance relative to the MSCI World:

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