Scotiabank Says Markets in Wait-And-See Mode Ahead of Wednesday's Central Bank Decisions

BY MT Newswires | ECONOMIC | 01/27/26 08:06 AM EST

08:06 AM EST, 01/27/2026 (MT Newswires) -- Financial markets are largely in a wait-and-see mode early Tuesday, said Scotiabank.

Stocks are generally a little higher across United States equity futures and most European cash indexes, but with TSX futures a touch lower, noted the bank.

Sovereign bonds are mostly "just treading water," stated Scotiabank. Gold is up by over US$60/oz to US$5,075 after starting strongly early Monday but then losing momentum.

The US dollar (USD) is broadly softer against all major crosses, it added.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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