by bondevalue | Sep 11, 2020 | China, European Central Bank, Global, High Yield Bonds, Macroeconomic news
Wall Street dropped on Thursday led by technology stocks as US weekly jobless data showed sluggishness in the pace of the economic recovery. Initial claims came unchanged at 884,000 (above 846,000 expected) and the rejection of the $300bn coronavirus aid package by...
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 | Sep 4, 2020 | China, Global, High Yield Bonds
Wall Street witnessed its worst trading session since June as profit booking and reality checks kicked in. The Nasdaq Composite fell by a massive 4.96% led by an 8%, 6.2% and 9% tumble in Apple, Microsoft and Tesla shares. The DJIA and S&P 500 did relatively...
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...
by bondevalue | Aug 14, 2020 | China, Global, High Yield Bonds, Investment Grade Bonds
Asian markets are opening with a lack of direction after a mixed session overnight. Initial jobless claims in the US declined by 228K to 963K indicating a continued recovery although only 9.3 million out of the 22 million jobs lost earlier this year have been...
by bondevalue | Jul 28, 2020 | China, Global, High Yield Bonds
Wall Street rallied on expectations of a congressional approval of further stimulus and a dovish Fed this week. The new package of $1tn, which is in the works still has some opposition from fiscal conservatives as well as the Democrats who passed a $3tn plan back in...
