German DAX Falls 1.08% as Italian Bank Stocks Drop 2.5%

The dispersion matters more than the headline drop: Italy's banking index falling 2.50% while the UK slipped only 0.16% points to lenders, not broad equity risk, as the pressure point. The sequential element — extending the prior session's declines — suggests a persistent repricing of Italian bank exposure rather than a one-day reaction. Whether that underperformance stays confined to Italian lenders or starts dragging on the wider European index is the open question.