News Snapshot:
News European and Asian stocks rise on global economic recovery optimism Share Article European stocks reached a near record high on growing hopes of a global economic recovery, while Credit Suisse shares fell following a warning of “significant” losses from exiting positions. The Swiss bank fell 9.5 per cent as it said an unnamed hedge fund defaulted on margin calls made last week by Credit Suisse and other banks. It said that, while it was “premature to quantify” the resulting loss, “it could be highly significant and material to our first quarter results”. Meanwhile, the pan-European Stoxx 600 index rose...
