A year after European officials bailed out Greece, investors say the region’s banks haven’t raised sufficient capital or cut loans enough to withstand the contagion that may follow a default.
U.K. stocks fell for the third time in four days as a slide in Inmarsat Plc and basic-resources shares outweighed a gain in Wolseley Plc .
U.K. stocks fell, led by a drop in basic material stocks and utilities, as a global selloff in equities continued on concern that Europe is struggling to deal with its sovereign debt crisis.
Swiss stocks declined, dragging the benchmark Swiss Market Index lower for the first time in six days, as Credit Suisse Group AG and UBS AG dropped.
Swiss stocks fell, led by financials, as Credit Suisse Group AG and UBS AG dragged the benchmark Swiss Market Index lower for the first time in five days.
"Markets need to acknowledge that the proverbial goal posts have moved."
- Neil Phillips on Sep 26, 2012