European credit indices tightened sharply on Thursday after UBS said it would buy back subordinated bonds to increase capital and the US Federal Reserve announced a surprise cash injection of $1 trillion. By 1627 GMT, the investment-grade Markit iTraxx Europe index was at 184 basis points, according to data from Markit, 7 basis points tighter versus late on Wednesday.
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- IANWGE
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- Japan may make early exit from recession: analysts
- Japan Prime Minister orders $100 billion economic stimulus
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- Solvay holding denies received offer for shares
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- Thousands of Chinese workers heading to Vietnam
- Three British managers held in French bossnapping
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