NFP for June at a Record High of +4.8mn; US Junk Bond Funds Witness Big Outflows; SAIC to Buy Stake in CAR Inc
Stronger than expected US NFP data of 4.8 million in June vs 3 million expected gave a knee-jerk rally for stocks. The unemployment rate also fell to 11.1% from 13.3% last month. The intraday rally was short-lived and reversed much of the gains as many are concerned...
read more
Emirates NBD & JG Summit Launch $ Bonds; World’s Most Valuable Carmaker Is Rated Junk; Lufthansa Downgraded; TAQA Upgraded
Sentiment picks up as positive news about an early vaccine trial along with good economic data sent Wall Street higher. Nasdaq hit a new record. US ISM manufacturing data came in better than expected and rose to 52.6 in June from 43.1 in May. China's Caixin PMI also...
read more
Q2 Sees 81% of $ Bonds Trade Higher, MTM Gain of $226bn, Record Global Issuance of $646bn
It was the best of quarters, it was the worst of quarters. As Q2 2020 came to a close, many equity markets saw some of their best performances this quarter despite the world being in the midst of a pandemic that has impacted almost every individual, business and...
read more
Socgen & Weibo Launch $ Bonds; Takeda Raises $11bn via Jumbo Bond Sale
Wall Street rallied overnight despite no positive news except for US pending home sales, which rose by 44.3% month on month. Concerns over the virus still remain, but it looks like the bears in the market are still at bay. The Fed launched its Primary Market Corporate...
read more
SMFG & Times China Launch $ Bonds; S&P ‘Junks’ Axis Bank & PFC; Fed Discloses Bond Purchases
As coronavirus cases globally cross the 10 million mark, with more than half a million deaths, markets are now worried about the potential impact of economies not reopening as soon as expected. With more than a quarter of cases globally in the US, and states like...
read more
Occidental, Serba Dinamik, Omani Corporates Downgraded; Bain Cap to Buy Virgin Australia
Markets get choppy as central banks continue to lock horns with the coronavirus. More stimulus measures gave some relief and western markets reversed almost half the losses from Wednesday's session. The late rally also reversed earlier losses in the day of around 1%...
read more
SG Technologies Launches S$ Perp; Austria Sells 100Y Bond at 0.88%; Canada Loses AAA Rating
Overnight markets took a hit across US and Europe as weak sentiment from surging coronavirus cases in several US states dampened hopes for a strong economic recovery. The surge could slow down the easing of lockdown restrictions. The IMF announced revised global GDP...
read more
SwissRe, Aoyuan, NagaCorp Launch $ Bonds; Oman & Carnival Downgraded; HPCL-Mittal Energy Seeks to Amend Bond Terms
Investors are grappling between upbeat economic data and the surging number of coronavirus cases. Economic data from the US and Europe recovered with IHS Markit's Eurozone flash PMI at 47.5 from May's 31.9, US Markit PMI at 49.6 from 39.8 and US home sales surged...
read more
Sino-Ocean Cap, Agile, Ronshine Launch $ Bonds; Hilong Defaults; Lufthansa Deal Hits Roadblock
Markets started this week on a positive tone as investors look towards recovery as we get closer to quarter end. Economic growth and data this quarter have been some of the worst but markets have seen a record return primarily driven by central bank stimulus'...
read more
