Stocks surge on strong US jobs data
Friday 18:25 GMT. Global equity
indexes rose on Friday and the S&P 500 extended its best start for the year
since at least 1997 after better
than expected US jobs data joined improving service sector surveys to boost
investor hopes over the global economic recovery.
Risky debt use on repo market hits 2008 levels
The use of lower-rated debt in a key US
funding market has returned to pre-crisis levels, fuelling fears that the
so-called shadow
banking system is becoming riskier.
The repo market is an important part of
the shadow banking sector, which consists of unregulated financial institutions
and activities.
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