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...
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