Offering Activity: Market Volatility

offering activity: He said trading activity remained low, as slowing global economic growth and dovish central bank rhetoric resulted in lower government bond yields, flattened yield curves in the U.S. and Europe and significant declines in market volatility, according to Market Watch. In addition, there was a significant slowdown in initial public offering activity, as a direct result of the government shutdown. Chief Executive Michael Solomon said on the post-earnings conference call with analysts that despite a rally in the stock market during the quarter, a mixed macroeconomic backdrop and strong year-ago results was to blame for the challenging market environment. And uncertainty over the U.S.-China trade dispute and Brexit negotiations weighed on sentiment and kept issuers and investors on the sidelines, Solomon said, according to a transcript provided by Fact Set. The stock GS, 3.00% dropped 3.3% in afternoon trade, enough to pace the Dow Jones Industrial Average's DJIA, -0.01% decliners, and to pull back from a 5-month closing high on Friday. Therefore, while equity and credit markets rebounded there was lower client conviction, although client engagement improved later in the quarter. (news.financializer.com). As reported in the news.