Credit and Corporate Debt
As central banks break the junk debt barrier, investors will follow
May 6 (Reuters)- Recent central bank bond-buying to calm market turmoil has breached the wall dividing top-grade debt from so-called junk-rated issues, raising the likelihood of the investment industry and even regulators eventually dismantling the barrier. FILE PHOTO: George Washington is seen with printed medical mask on the one Dollar banknotes in this illustration taken, …
World shares subdued amid mixed earnings; oil falters
LONDON (Reuters) – Global shares struggled on Wednesday as mixed earnings, doubts about the easing of coronavirus lockdowns and simmering U.S.-China tensions cast a pall over markets. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Oil prices ended an extended winning streak …
Central banks deploy record sums to break financial logjam, but may need more
LONDON/BOSTON (Reuters) – Central banks have offered trillions of dollars of support to markets in recent days to keep them from freezing up, as investors worried about the economic damage from the coronavirus and made a chaotic dash for the exits. FILE PHOTO: A trader wears a mask as he works on the floor of …
Stocks gain after emergency BoE cut adds to stimulus hopes
LONDON (Reuters) – European stocks rose on Wednesday after the Bank of England joined other central banks in cutting interest rates, raising hopes for more co-ordinated monetary and fiscal stimulus to counter the economic shock from the coronavirus outbreak. File Photo: A street cleaning operative walks past the London Stock Exchange Group building in the …
Oil jumps 10%, U.S. stocks rebound after market rout
NEW YORK/LONDON (Reuters) – Oil and global equity markets charged back on Tuesday after the prior day’s steep losses as the world’s biggest economies moved to cushion the impact of the coronavirus, but stock gains in Europe failed to hold as investors remained skittish. The price of Brent crude climbed 10% on hopes a supply …
