by bondevalue | Sep 16, 2020 | Distressed / Defaulted Bonds, Hong Kong, Investment Grade Bonds, Macroeconomic news
Better economic data improved sentiment and lifted US and European markets as the FOMC meeting got underway. US factory output climbed 1% and Germany’s ZEW economic sentiment index came at 77.4 vs. 71.5 expected. Investors will look to the Fed meeting for...
by bondevalue | Sep 10, 2020 | China, Distressed / Defaulted Bonds, Global, High Yield Bonds, Investment Grade Bonds
Following a 10% correction on Nasdaq in the last few days, the index saw investors come back to buy up relatively cheaper technology stocks triggering a 2.7% rally. Apple, Microsoft and Amazon were up 4%, 4.3% and 3.8% respectively while Tesla recovered 10.9% after...
by bondevalue | Aug 31, 2020 | Distressed / Defaulted Bonds, Financial News, Macroeconomic news
Asian markets are expected to open higher this morning after Friday saw strength on Wall Street with major indices continuing to hit new highs. Sentiment was positive with an uptick of 1.9% in consumer spending and reports that President Trump could sign a $1.3tn aid...
by bondevalue | Aug 28, 2020 | Distressed / Defaulted Bonds, Macroeconomic news, U.S. Federal Reserve Bank
Markets were supported overnight by constructive comments from Fed Chair Jerome Powell, who spoke at the Jackson Hole economic policy symposium. He announced a major dovish paradigm shift where the central bank will abandon its old policy of targeting 2% inflation and...
by bondevalue | Aug 25, 2020 | Distressed / Defaulted Bonds, Global, High Yield Bonds, India
Wall Street rallied overnight as positive news regarding the treatment of coronavirus including FDA authorization of the use of plasma from recovered patients as a treatment and the fast-tracking of an experimental vaccine by Oxford University and AstraZeneca....
by bondevalue | Aug 24, 2020 | China, Distressed / Defaulted Bonds, High Yield Bonds
Strong economic data in the US supported Wall Street to close higher on Friday. IHS Markit flash composite PMI for August was up 4.4 points to 54.7 and a 24.7% jump in existing home sales supported investor sentiment after a slightly higher than expected initial...
