The iTraxx Europe Index, which comprises five-year credit default swaps on 125 European investment-grade corporate debt issuers, rose by 24 basis points to 104 basis points by 1730 GMT on March 9, according to IHS Markit data sourced by Refinitiv. That was the largest daily rise in a decade.
The iTraxx Crossover Index, which focuses on high-yield debt, rose roughly 81 basis points to 460 basis points. Credit default swaps are financial contracts that allow traders to speculate on or hedge against a counterparty failing. A rise indicates a perceived increased probability of default. The moves followed Saudi Arabia’s decision to slash its official selling price and raise crude production, signalling the start of a price war, as well as Italy’s move to quarantine some 16 million citizens in a bid to control the coronavirus outbreak.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
US gas prices expected to fall as coronavirus and failed OPEC talks send oil market reelingThe novel coronavirus outbreak and disagreements between OPEC caused global oil prices to plummet Monday, and experts say this could mean U.S. consumers are likely to see much lower prices at the gas pump. Not the way I had imagined would cause the gas prices to go down. Lower prices at the pump to stimulate sales and economy recovery. F*ck Russia AND Riyadh. US shale will survive. Guess what’s more contagious than the Coronavirus? Panic.
La source: ABC - 🏆 471. / 51 Lire la suite »
Saudi Aramco shares fall below IPO price for first time, Gulf stocks plummet after OPEC deal failureSaudi Arabia, Abu Dhabi, Dubai and Kuwait indexes were all trading significantly lower following Sunday's market open. The next recording is China s doe The story is that I become a reality machine that draws the imagination for China with their machine s linear cities impossible towns from what I drew with USA China doe collected by USA James Spader etc
La source: CNBC - 🏆 12. / 72 Lire la suite »