Depressing first day keeps ECM issuers at bay

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Depressing first day keeps ECM issuers at bay

China stock crash PA 230x150

Weak Chinese PMI figures and worsening relations between Saudi Arabia and Iran triggered a global sell-off of equities on Monday, dashing hopes of an early year rally. As one despondent ECM banker put it: “It’s a bit of a miserable day.”

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