It looks like another difficult day for markets and investors – Scotiabank
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USD trades broadly higher on weak risk appetite and continued focus on banks. Investors face another difficult day, economists at Scotiabank report.
“Weak Credit Suisse shares (down 21% to a new, record low following news that its top shareholder ruled out more assistance for the bank) has emerged as a key driver of sentiment.”
“The plunge in CS shares has prompted a drop in global stocks, particularly European banks, and a jump in the USD.”
“It looks like another difficult day for markets and investors.”
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