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If Monday was an ugly beginning to 2016 in the equity capital market, with a 7% fall in Chinese stocks dragging world indices down, Tuesday has been much cheerier, even bringing deals in Europe.

Biotechnology Research And Information Network, a German biotech business, announced on Tuesday its intention to float in Frankfurt, making it Europe’s first new IPO candidate of the year.

The International Swaps and Derivatives Association this week published an initial list of 35 bonds to be considered as deliverables in the forthcoming Abengoa credit event auction, which will settle 2014 credit default swaps, but not updated 2003 transactions.

BGC Brokers, the interdealer broker, is making a push into the competitive world of over-the-counter derivatives portfolio compression and has already taken out over €800bn notional of swaptions.

The green bond wave is set to rise higher in 2016, but as before, most of the deals will not help the environment much. One bond that did was sold in the closing days of 2015 — but such deals are still bought only by a small fraction of investors.

Last year’s difficult dollar conditions looked firmly in the past on Tuesday as a pair of issuers tapped different parts of the curve for big deals — and other issuers readied themselves for trades.

European high yield specialists hope the continent's market can repeat in 2016 its sharp outperformance compared with the US market last year — but history suggests that the two markets tend not to diverge for long.

Daimler opened this year's European investment grade corporate bond issuance on Tuesday, selling a barn-storming €3.25bn triple tranche deal that pulled in a €7bn order book.

Bank Nederlandse Gemeenten started January with a bang, roaring out of the blocks with an oversubscribed book on the year’s first euro deal, and printing its largest ever 10 year benchmark in the currency.

Options traders took Monday's oil volatility seriously, sending prices for near-dated contracts to some of the highest levels of recent months.

The European Investment Bank blew the doors off the sterling market with a record breaking deal on Tuesday, and two other issuers quickly followed.

Norwegian shipping company Havila has conducted a restructuring of its debt after operating cashflows dwindled in the second half of 2015.