month

Global companies raise most funds for the month of August in a decade

By Scott Murdoch and Patturaja Murugaboopathy

(Reuters) – Companies raised the most funds in global equity and debt markets for the month of August in a decade as homebound bankers spend their summer fixing deals off the back of trillions of dollars of stimulus worldwide to fight the coronavirus pandemic.

Companies have raised $65.5 billion through initial public offerings (IPOs) and high-yield bond issuances globally so far in August, the highest for that month in at least 10 years, according to Refinitiv data. They raised $98.6 billion in July and $126.5 billion in June, which was the highest in 20 years.

Graphic: Monthly global IPO proceeds https://fingfx.thomsonreuters.com/gfx/mkt/dgkpllgrapb/Monthly%20global%20IPO%20proceeds.jpg

It comes as governments and central banks have made at least $15 trillion of stimulus available to help economies withstand the fallout of the coronavirus pandemic..

The fact that bankers and investors were working during the traditional August holiday month, due to coronavirus

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European shares rebound from lows, euro set for best month in a decade

By Ritvik Carvalho

LONDON (Reuters) – European shares recovered from their lowest levels in a month on Friday, as investors looked past a severe economic contraction in the euro zone and on to company earnings, while the euro reached its highest in more than two years, set for its best month in a decade.

The euro zone’s economy recorded its deepest contraction on record in the second quarter, preliminary estimates showed, but inflation unexpectedly ticked up in July.

Gross domestic product in the bloc shrank by 12.1% from the previous quarter, the European Union’s statistics office, Eurostat, said in its flash estimates. The decline coincided with coronavirus lockdowns, which in many euro zone countries began to ease only in May.

The pan-European STOXX 600 <.STOXX> rose 0.6%, though it was on course to end the month flat or lower. Technology shares <.SX8P> led the rally, rising over 2% after Wall

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