World shares cautious as Suez looks let to open this week
World shares are steady with US futures down 0.6% as Nomura and Credit Suisse warn on losses after hedge fund Archegos share sale
29 March 2021 - 12:18
Miland/Sydney — World shares started the week on cautious ground as uncertainty over the fallout of the default of a US hedge fund tempered relief from the refloating of the ship blocking the Suez Canal.
On Monday, banks Nomura and Credit Suisse warned they were facing significant losses after the hedge fund, named by sources as Archegos Capital, defaulted on margin calls...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.