Refinancing activity drove new issue spike, even as defaults rise
Year-over-year inflation reached its lowest level in more than three years in July
Market cap rose, alongside trading volume and value, group reports
Per capita income growth rose in Q1, outpaced GDP
Consumers increasingly seeking cheaper alternatives, bargains or avoiding items they deem too expensive
Effects likely to be focused on weaker, low-rated issuers
Weak market signals disinflation, need for more rate cuts, company report says
Price pressures continue pullback, led by energy
It's the central bank's first rate cut since the onset of the Covid-19 pandemic
The rise in prices complicates the ECB's next decision on whether to cut interest rates