A gauge of global equities fell on Monday after Nomura and Credit Suisse warned of billions of dollars in losses from an unnamed US hedge fund’s default, while crude prices slid as container traffic in the Suez Canal resumed. In the travel sector low budget airline Ryanair was down 0.6 per cent. Nomura and Credit Suisse both flagged significant losses following transactions with an unnamed US client, although both announcements came after Archegos Capital Management roiled financial markets on Friday with a number of significant block trades. The domestically focused mid-cap FTSE 250 index slipped 0.2 per cent, dragged down by industrials stocks. EUROPEEuropean stocks edged higher in a choppy session, weighed down by Credit Suisse shares.

Source: The Irish Times March 29, 2021 16:52 UTC