‘Game on’ for equity block trades after indices bounce higher

Sam Kerr

March 03, 2020 05:00 pm

(200302) -- NEW YORK, March 2, 2020 (Xinhua) -- Electronic screens show the trading data at New York Stock Exchange in New York, the United States, on March 2, 2020. U.S. stocks finished sharply higher on Monday following last week's rout. The Dow Jones Industrial Average soared 1,293.96 points, or 5.09 percent, to 26,703.32. The S&P 500 rallied 136.01 points, or 4.60 percent, to 3,090.23. The Nasdaq Composite Index increased 384.80 points, or 4.49 percent, to 8,952.16. (Xinhua/Wang Ying) | Wang Ying/Xinhua News Agency/PA Images

Equity capital markets bankers are preparing block trades for launch this week, following a big bounce in stocks on Monday. Banks are working hard to try to bring the transactions to the market while they can, in what they sense might be a short issuance window.

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Sam Kerr