Credit Suisse rescue relief runs dry in skittish trade

SINGAPORE: Equity futures and Asian stocks struggled to stabilise on Monday as a weekend deal to rescue Credit Suisse and promises of liquidity from central banks offered little lasting respite from fears that a bigger banking crisis is brewing.

Early gains for S&P 500 futures and European futures evaporated by lunchtime in Tokyo to trade flat. A Japanese banks' index fell 1.8%. The Nikkei lost 1%. Bank stocks led a 1.2% drop for MSCI's broadest index of Asia-Pacific shares outside Japan.