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CREDIT DAYBOOK AMERICAS: CDX Weakens; Chevron to Buy Back Stock

Credit markets are weakening with stock futures this morning as Amazon.com’s sales outlook missed expectations and China continues its regulatory crackdown. Chevron, which has the lowest debt ratio among its Big Oil peers, is reviving share buybacks that were suspended more than a year ago, while Exxon will use cash to repair its balance sheet. Evergrande’s crisis deepened.

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