DEFAULT rates on US leveraged loans will hit a near-record high of 11.3 per cent in 2024, while defaults on euro leveraged loans will hit 7.1 per cent, as the global economic outlook deteriorates, Deutsche Bank said on Monday (Nov 21).
EQUITY investors hoping for a better year in 2023 will be disappointed, say Goldman Sachs Group Inc strategists, who said the bear market phase is not over yet.
THE US dollar rallied against major currencies on Monday (Nov 21), as rising Covid-19 cases in China led to new restrictions there and weighed on global investor sentiment.
