ECM bankers thankful for summer lull as stocks sell off

Sam Kerr

August 05, 2019 01:15 pm

New_york_stock_exchange_August2_PA_230x150 — (190802) -- NEW YORK, Aug. 2, 2019 (Xinhua) -- Trading chart is seen on an electronic screen at the New York Stock Exchange in New York, the United States, Aug. 2, 2019. U.S. stocks ended lower on Friday, as investors digested a batch of economic data and a Fed official expressed dissent over the central bank's rate cut move. The Dow Jones Industrial Average decreased 98.41 points, or 0.37 percent, to 26,485.01. The S&P 500 fell 21.51 points, or 0.73 percent, to 2,932.05. The Nasdaq Composite Index shed 107.05 points, or 1.32 percent, to 8,004.07. (Xinhua/Wang Ying) | Wang Ying/Xinhua News Agency/PA Images

Equity capital markets bankers were glancing at a sea of red across global equities on Monday, but they were grateful that volatility has only flared up during a traditionally quiet period for new issuance.

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Sam Kerr