With stock markets close to all-time highs at a time of very elevated economic uncertainty, the question arises if investors have become too confident. Today's chart from The Yale School of Management Stock Market Confidence Indexes reveals how probable U.S. individual and institutional investors think a stock market crash is.

Cyrille Geneslay, fund manager at CPR Asset Management, says he has made a major sectoral and geographic reallocation in the CPR Croissance Réactive fund. It has repositioned itself on European cyclical stocks ...

Spanish banks' reassuring Q1 results showed that they should be able to withstand rising cost of risk in 2020, thanks to strong pre-provision profits. But uncertainties abound, and the risk of a longer-than-anticipated economic contraction remains.

Spain's tourism sector makes up approximately 12% of its GDP and 13% of its employment, and a steep decline in this market will heavily impact the country's payments sector, says GlobalData, a leading data and analytics company.

Scope's outlook on European banks continues to be biased to the downside in view of the magnitude of the Covid-19 crisis. The key question is whether banks have de-risked enough to withstand the current cycle.