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 8, 2020 | European Central Bank, Global, High Yield Bonds, Macroeconomic news, Sovereign Bonds
With the US on holiday due to Labor Day, Asian markets can get support this morning from a sizable rally in the European markets on growing hopes for a coronavirus vaccine and positive economic data. Major European indices broke a three day losing streak and were...
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 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 21, 2020 | Financial News, Global, Global, High Yield Bonds, Investment Grade Bonds
Wall Street gained overnight led by gains in technology stocks despite an unexpected increase in Initial Jobless claims to 1.1mn, above the psychological level of 1mn. Chipmakers’ shares, Apple and Microsoft led increases in the technology space. Treasuries...
by bondevalue | Aug 20, 2020 | Distressed / Defaulted Bonds, Global, High Yield Bonds
Wall Street lost ground after the Fed minutes came out last night that dampened optimism about the economic rebound for the second quarter. The minutes warned that the recovery path was uncertain and only a broad and sustained reopening of business activity would...
