MARKET TALK: BP's CDS Levels Start Off Improved

6th Jul 2010 14:17

9:17 (Dow Jones) CDS levels for troubled oil giant BP start 25BP improved at 440BP, according to CMA Datvision. Shares for BP climbed 6.4% in premarket trading after the company said it won't issue new shares to fund Gulf clean-up costs. CDS for BP has fallen four consecutive trading sessions after reaching a near-record high of 607BP June 29, according to data from Markit. ([email protected]) Call us at (212) 416-2184 or email [email protected] Visit the Market Talk blog at www.djnmarkettalk.com (END) Dow Jones Newswires July 06, 2010 09:17 ET (13:17 GMT)