Liz i do think spreads are important to watch. We always know theres a tight connection between the credit markets and the equity market. Especially high yield vs. Equity and i agree that when spreads got as compressed as they did, there was probably not sufficient compensation for those hotelers for the likely risk. Were seeing in it bankruptcies, which have spiked back up. They had a spike in may, leveled off and theyre picking back up back to 2009 levels and i do any what happens with spreads and more broadly in the credit markets, as it did in the march time frame will inform what happens in the equity market. Equity investors need to have a particularly close eye on the credit markets right now. Were seeing about a 50 uptick in terms of your average trading for the nasdaq. And what are you expecting for next week . As renee was telling us earlier, were heading towards a shortened week. Early data on the labor market only thursday because of the ourth of july holiday weekend. Lils
As the High Court Rules insurers should have paid out over lockdown. An urgent warning for humanity to slow whats called an accelerating decline in nature with species heading towards extinction. The leaders of the United Arab Emirates, bahrain and israel prepare to signing an historic agreement in washington. This is the scene live at the white house where the accord bahrainis set to be signed. Radio 2s zoe ball is set to become the highest paid bbc presenter as gary lineker accepts a pay cut. That and more revealed in the bbcs annual report. Hospital chiefs in england say nhs staff are having to stay off work because they cant get coronavirus tests. Nhs providers say Health Workers with symptoms are being forced to stay at home as they wait for tests, and thats putting added strain on the service as it gears up for winter. They want doctors and nurses to be treated as a priority. The Health Secretary matt hancock says officials are working round the clock to fix operational problems,
A new variant of coronavirus, which was first seen in brazil. Joe root has scored his first test century in over a year as england tightened their grip on the first test against sri lanka in galle. Ok, so, here we go. And its one of the oldest tricks in the book how magicians are celebrating a century of sawing someone in half. And the fomer man utd star wayne rooney has been appointed derby county manager on a permanent basis. Tens of thousands of Small Businesses are celebrating a Supreme Court ruling that means theyll receive insurance payouts for losses incurred during the First National lockdown. Thejudges ruled in favour of their appeal in the £1. 2 billion legal battle. Insurers who had said the cover was never intended for such unprecedented restrictions say all valid claims will be settled as soon as possible. Our business correpsondent Vishala Sri Pathma reports. Back in march, hundreds of thousands of businesses were forced to close because of restrictions. Many worried the
Shares of VinaCapital Vietnam Opp Fund (LON:VOF – Get Free Report) dropped 0.3% during trading on Wednesday . The company traded as low as GBX 490.50 ($6.28) and last traded at GBX 492 ($6.30). Approximately 93,366 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 235,700 shares. The […]
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