FTSE 100 live: London markets to rise on back of strong Microsoft, Alphabet earnings; All eyes on US PCE inflation
Why Stateside aggression is increasingly familiar to European investors An abundance of liquidity relative to opportunities has led to investors agreeing to lend to companies at relatively high leverages without the usual conditions that enable them to renegotiate terms when the businesses underperform. Almost all deals syndicated that are taking place in Europe this month are covenant-lite, which means that investors will be unable to [...]