Tag: selloff

Credit Suisse unease sparks global sell-off

Credit Suisse unease sparks global sell-off

Renewed unease gripped world markets on Wednesday as news of Credit Suisse’s largest investor declining to provide more financial assistance to the Swiss bank sent its shares sliding. The yield on two-­year US Treasury notes fell to its lowest since September. Gold prices renewed their recent rally and oil prices pared losses after dropping to their lowest in more than a year. Concerns over further banking sector instability and closely watched inflation data published on Wednesday raised expectations that ...

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