Oman to Lift Subsidies to Narrow Fiscal Deficit; Fed Allows US Banks to Resume Buybacks; GE Buys Back Bonds Worth $2.2bn; China ex Fin Min Criticizes Regulators

Oman to Lift Subsidies to Narrow Fiscal Deficit; Fed Allows US Banks to Resume Buybacks; GE Buys Back Bonds Worth $2.2bn; China ex Fin Min Criticizes Regulators

S&P ended 0.4% lower on Friday while Nasdaq was 0.1% lower. European equities also showed a similar picture, with the DAX, CAC and FTSE down 0.3%-0.4%. China threatened to impose countermeasures after US decided to blacklist more than 60 Chinese companies. “Such...
HSBC and Encore Raise $/€ Bonds; ECB Recalibrates Policy; UPL Bonds Drop on Whistleblower Report; Reliance Upgraded to BBB+; Unigroup Creditors Advised to Seek Court Nod

HSBC and Encore Raise $/€ Bonds; ECB Recalibrates Policy; UPL Bonds Drop on Whistleblower Report; Reliance Upgraded to BBB+; Unigroup Creditors Advised to Seek Court Nod

S&P ended marginally lower by 0.13% while Nasdaq was up 0.5%. The energy sector was the top gainer in the broad market, up ~3% with Brent Crude touching the $50 mark for the first time since March. US 10Y yields moved lower 1bp as the weekly jobless claims jumped...
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