European stocks declined in early action on Monday, while U.S. stock futures were pointing higher after a turbulent weekend which saw another major bank collapse and a new rescue package get announced. The Stoxx Europe 600
SXXP,
fell 0.9%, with every sector, including the banking sector, dropping. Shares of Credit Suisse
CSGN,
the most troubled of the major lenders, fell 4%, while HSBC Holdings
HSBA,
slipped 1% after agreeing to buy the UK arm of SVB for just £1. Futures on the Dow Jones Industrial Average
YM00,
rose 178 points.
Bud Light sales decline sends ABInBev shares sliding
Bud Light sales declines are accelerating, and shares of parent company Anheuser-Busch InBev (BUD) are falling alongside them.New data from...
