SMFG & Times China Launch $ Bonds; S&P ‘Junks’ Axis Bank & PFC; Fed Discloses Bond Purchases
As coronavirus cases globally cross the 10 million mark, with more than half a million deaths, markets are now worried about the potential impact of economies not reopening as soon as expected. With more than a quarter of cases globally in the US, and states like...
Occidental, Serba Dinamik, Omani Corporates Downgraded; Bain Cap to Buy Virgin Australia
Markets get choppy as central banks continue to lock horns with the coronavirus. More stimulus measures gave some relief and western markets reversed almost half the losses from Wednesday's session. The late rally also reversed earlier losses in the day of around 1%...
SG Technologies Launches S$ Perp; Austria Sells 100Y Bond at 0.88%; Canada Loses AAA Rating
Overnight markets took a hit across US and Europe as weak sentiment from surging coronavirus cases in several US states dampened hopes for a strong economic recovery. The surge could slow down the easing of lockdown restrictions. The IMF announced revised global GDP...
SwissRe, Aoyuan, NagaCorp Launch $ Bonds; Oman & Carnival Downgraded; HPCL-Mittal Energy Seeks to Amend Bond Terms
Investors are grappling between upbeat economic data and the surging number of coronavirus cases. Economic data from the US and Europe recovered with IHS Markit's Eurozone flash PMI at 47.5 from May's 31.9, US Markit PMI at 49.6 from 39.8 and US home sales surged...
Sino-Ocean Cap, Agile, Ronshine Launch $ Bonds; Hilong Defaults; Lufthansa Deal Hits Roadblock
Markets started this week on a positive tone as investors look towards recovery as we get closer to quarter end. Economic growth and data this quarter have been some of the worst but markets have seen a record return primarily driven by central bank stimulus'...
PLN, Fosun, CLP Power & Minor Int Launch $ Bonds; Aeromexico Considers Filing Chp 11; Modernland & Grupa Posadas Downgraded
US Markets reversed earlier gains for the day and ended lower on Friday after Apple announced it was again closing stores in states with rising coronavirus cases. Recent rises in cases from the US, China, Australia and Brazil have stoked fears of another blow to the...
Tata Motors Downgraded; BoE Ramps Up Purchases by £100bn; ECB Offers Loans to Banks at -1%
Market sentiment is mixed at the end of the week after the US jobless claims report stayed above one million and reduced the hope for a V-shaped recovery. Investors see economic damage as an unavoidable consequence of rising coronavirus cases despite the Trump...
BOC, Haitong, China Oilfield, Jollibee Launch $ Bonds; India’s Outlook Revised; Pzifer & BP Close Jumbo Deals
Rising cases of the coronavirus in the US and China have impacted sentiment in markets as concerns of a second wave grow day by day. European markets fared better than US markets and the primary bond market is seeing issuers everywhere raising funds. China...
StanChart, BP, China National Bluestar Launch $ Bonds; DPW Downgraded; Softbank Plans to Sell T-Mobile Stake
Markets rallied taking comfort from the Fed's determined monetary and fiscal support and a record increase in the US May retail sales number which rebounded 17% vs an expected 8% increase. A new coronavirus drug with encouraging trial results also calmed fears...
