Chinese SOEs’ Bonds Drop With Doubts on Government Support; Middle East Looks at More Sukuks; Emirates Suffers First Loss in 30 Years; Revlon Staves Off Bankruptcy

Chinese SOEs’ Bonds Drop With Doubts on Government Support; Middle East Looks at More Sukuks; Emirates Suffers First Loss in 30 Years; Revlon Staves Off Bankruptcy

S&P and Nasdaq posted losses of 1% and 0.65% yesterday. Sectors that dragged the broad market included energy down 3.3% while utilities and financials were down 1.7% each. Both headline and core CPI came in softer than expected while jobless claims numbers printed...
Wuhan Trading, Shandong Hi-Speed Launch $ Bonds; Turkish President to Support Markets; BOCOM raises $2.8bn via AT1s; Fitch Rates UAE; Revlon Investors Brace For 11th Hour Rescue

Wuhan Trading, Shandong Hi-Speed Launch $ Bonds; Turkish President to Support Markets; BOCOM raises $2.8bn via AT1s; Fitch Rates UAE; Revlon Investors Brace For 11th Hour Rescue

S&P ended higher, up 0.8% while Nasdaq took a breather from the prior few days of sell-off as it rallied 2% with big tech stocks leading the way. The DAX and CAC rose 0.4-0.5% while the FTSE 100 outperformed, up 1.3%. US CPI for October and weekly jobless claims...
Bank of Communications, Aoyuan Launch $ Bonds; Verizon Issues $12bn Bonds; Tsinghua $ Bonds Beaten Down; EU issues SURE bonds, China Issues Draft Antitrust Guidelines

Bank of Communications, Aoyuan Launch $ Bonds; Verizon Issues $12bn Bonds; Tsinghua $ Bonds Beaten Down; EU issues SURE bonds, China Issues Draft Antitrust Guidelines

S&P ended marginally lower 0.14% while the rotation trade continued with Nasdaq down 1.4% as big tech stocks and those that benefitted from Covid got hit. Besides, the EU hit Amazon with formal antitrust charges. The DAX rose 0.51%, despite a 17 point drop in the...
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