Pressure on South Africa to Restructure Eskom & Keep Debt in Check Ahead of Moody's Review
Eskom is the biggest threat to the economy, which means restructuring is essential. The ANC has said it is working on a plan for Eskom and this is expected to be unveiled, along with a new Chief Executive Officer (Eskom has been without one since July), ahead of the 30th October mid-term budget statement.
The CAD Week - Bias is Neutral
The stellar Canadian jobs report last Friday sent Usd/Cad spiralling down to 1.3171 at one stage, its lowest level for a month. The data has pushed interest rate cut expectations before year end significantly lower.
Euro Corp Snapshot: Weekly Supply Jumps
Despite ongoing economic concerns and a volatile backdrop, the European corporate market saw supply accelerate sharply last week where issuers printed a total of EUR14.067bn. That is over six times the EUR2.15bn that printed the prior week.
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