ING strategists say US corporates could issue as much as €120bn of euro-denominated credit in 2026, a record high. They cite a cost advantage in the euro credit market versus dollar markets as the driver. ING adds that €120bn of issuance should not unduly strain market liquidity or crowd out European issuers.

S&P Global Ratings says Indonesia's push to centralize resource and mining management and clamp down on tax leakages could gradually boost fiscal revenue and export proceeds if policy execution improves. S&P describes Indonesia's fiscal and external positions as weakened by high energy prices, rising interest rates, rupiah depreciation, policy uncertainty and rising debt, but calls these conditions temporary and expects improvement as commodity prices rise and the government trims spending. S&P affirms Indonesia's long‑term sovereign rating at BBB and expects the government to keep the fiscal deficit within the statutory 3% of GDP limit. Despite a strong Q1 GDP print of 5.6%, S&P projects growth of 5.1% for the year, citing ongoing external uncertainty and higher domestic rates.

汇丰控股：将腾讯控股(00700.HK)目标价从720.00港元下调至655.00港元。