European stocks subdued as Credit Suisse weighs | Malay Mail

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BRUSSELS, 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...

The German share price index DAX graph is pictured at the stock exchange in Frankfurt May 6, 2019. ― Reuters picBRUSSELS, 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 pan-European STOXX 600 index edged 0.01 per cent higher, mostly erasing opening gains with economy-linked mining, oil & gas and travel and leisure shares among the biggest decliners as French doctors warned a third wave of infections could soon overwhelm hospitals. The benchmark STOXX 600 has lagged its US counterpart in the past six months as new lockdowns in the continent and a slower-than-expected vaccination programme dented the economic outlook for Europe.

 

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