Oman to Lift Subsidies to Narrow Fiscal Deficit; Fed Allows US Banks to Resume Buybacks; GE Buys Back Bonds Worth $2.2bn; China ex Fin Min Criticizes Regulators

Oman to Lift Subsidies to Narrow Fiscal Deficit; Fed Allows US Banks to Resume Buybacks; GE Buys Back Bonds Worth $2.2bn; China ex Fin Min Criticizes Regulators

S&P ended 0.4% lower on Friday while Nasdaq was 0.1% lower. European equities also showed a similar picture, with the DAX, CAC and FTSE down 0.3%-0.4%. China threatened to impose countermeasures after US decided to blacklist more than 60 Chinese companies. “Such...
Fed to Maintain Bond Buying; Vedanta to Raise $8bn In a Bid for BPCL; CFLD to Get Support from Ping An; Casino Upsizes 5NC2 & Tightens Pricing by 87.5bp

Fed to Maintain Bond Buying; Vedanta to Raise $8bn In a Bid for BPCL; CFLD to Get Support from Ping An; Casino Upsizes 5NC2 & Tightens Pricing by 87.5bp

S&P and Nasdaq rose 0.2% and 0.5% with the latter at a record closing high. US retail sales fell 1.1% from the prior month, more than forecasted. US Markit manufacturing PMI beat expectations at 56.5 while services were slightly short at 55.3. The Federal Reserve...
Emperor & ABC International Launch $ Bonds; Tencent Music’s Debut Dollar Bond 15x Covered; Fitch Downgrades Bank Muscat

Emperor & ABC International Launch $ Bonds; Tencent Music’s Debut Dollar Bond 15x Covered; Fitch Downgrades Bank Muscat

Western markets had a strong rally overnight with Nasdaq and S&P touching new record highs. Gains were led by stocks such as Netflix, SalesForce and Facebook. Sentiment was upbeat as updates on Moderna’s coronavirus drug showed immune responses in young and older...
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