European stocks edge higher, Credit Suisse tumbles | Malay Mail

📆 30/3/2021 5:41 PM
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FRANKFURT, March 30 ― European stocks edged higher in a choppy session yesterday, weighed down by Credit Suisse shares, which slumped following a warning of “significant” losses from exiting positions after US-based hedge fund Archegos defaulted on margin calls. The Swiss bank slipped 13.8...

The pan-European STOXX 600 index edged 0.2 per cent higher, with economy-linked mining, oil and gas and travel and leisure shares among the biggest decliners as French doctors warned a third wave of infections could soon overwhelm hospitals.

“That also raises questions over the wider ramifications of the hedge fund's troubles, and which companies will be the next to announce they have been stung.” Chancellor Angela Merkel also pressed Germany's states on Sunday to step up efforts to curb rapidly rising coronavirus infections, and raised the possibility of introducing curfews to try to get a third wave under control.

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European stocks subdued as Credit Suisse weighs | Malay MailBRUSSELS, March 29 — European stocks traded flat in a choppy session today, weighed down by Credit Suisse shares, which slumped following a warning of “significant” losses from exiting positions after a US-based hedge fund defaulted on margin calls. The Swiss bank slipped 13.9 per cent to a...
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