Markets swayed by 'fear and uncertainty' - Credit Suisse

Cesar Perez, Credit Suisse Asset Management European Equities head, attributes much of the recent difficult market conditions to sentiment. “Not only is there uncertainty surrounding global economic growth, but there are still ongoing concerns about the state of the financial sector,” he says. “Many people are predicting that the worst of the financial sector crisis is behind us. However, while this may be the case, the problems will not disappear overnight.” Perez says the equity sell-off has been a “global phenomenon” driven by US recession fears. “Unfortunately, economic growth a...