Credit Suisse Unease Sparks Fresh Selloff In World Stocks | Dhara Ranasinghe
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LONDON, March 15 (Reuters) - Renewed unease gripped world markets on Wednesday as news that Credit Suisse's largest investor said it could not provide the Swiss bank with more financial assistance sent its shares and broader European shares sliding once more.
Signs of calm and stability in banking stocks, that have tanked in the past week, following the collapse of Silicon Valley Bank (SVB), soon paved way for renewed selling as Credit Suisse shares fell to fresh record lows.
European shares were last down almost 2% (.STOXX), European bank stock tumbled 2.5% (.SXPE) and U.S. stock futures fell 1%.
Investors rushed back into safe-havens, with two-year German bond yields down 21 basis points at 2.71%.
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CreatedWednesday, March 15, 2023
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Last modifiedWednesday, March 15, 2023
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