• Global Stocks

Market news

19 September 2016

Global Stocks

European stocks wrapped up in negative territory Friday, with a selloff in Deutsche Bank AG pacing punishment among bank shares and helping to mark a second-straight losing week. The pummeling was set off by news late Thursday the U.S. Department of Justice asked Deutsche Bank to pay $14 billion to settle civil claims related to mortgage-backed securities.

U.S. stocks finished lower Friday as weak oil prices pressured energy shares, while anxiety ahead of next week's central-bank meetings weighed on sentiment. However, for the week, major stock-index gauges eked out small gains, in part, thanks to Apple Inc.'s stellar climb.

Asian stock markets rose Friday, helped by gains in Apple Inc.'s suppliers, while some uncertainty remained over the outcomes from central-bank policy meetings in Japan and the U.S. next week.

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