Categories: EuropeInternational Investing

Credit Suisse Contagion Pulls European Stocks Down

Credit Suisse Contagion Pulls European Stocks Down (Bloomberg)

Shares of Credit Suisse Group AG (CS) fell two percent on the rumor that United States regulators are looking at the company’s accounting practices. And that was enough downward momentum to pull broader European markets down with it. As of this writing, the Stoxx Europe 600 Index had lost 0.3 percent, after posting a gain of 4.6 percent in February alone. For investors playing European markets or Credit Suisse, a wait-and-see approach is probably your best bet.

Wayne Ellis

Wayne Ellis has been involved in the financial publishing industry for more than 15 years. During that time, he has helped to edit, to market and to launch products and services for Ernst & Young, LLC, Fidelity Investments, Agora, LLC, and Eagle Financial Publications. He currently puts his broad-based experience and industry expertise to use as a contributing writer for Eagle Financial Publications. He also is a graduate of Arizona State University.