NFP for June at a Record High of +4.8mn; US Junk Bond Funds Witness Big Outflows; SAIC to Buy Stake in CAR Inc

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...
SMFG & Times China Launch $ Bonds; S&P ‘Junks’ Axis Bank & PFC; Fed Discloses Bond Purchases

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...
SwissRe, Aoyuan, NagaCorp Launch $ Bonds; Oman & Carnival Downgraded; HPCL-Mittal Energy Seeks to Amend Bond Terms

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...
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