Oil prices inched higher on Monday, along with other risk assets, after U.S. data showed cooling inflation, reviving hopes of further policy easing next year that will support global economic growth and oil demand. Brent crude futures rose 26 cents, or 0.4%, to $73.20 a barrel by 0141 GMT.
Oil prices inched higher on Monday, along with other risk assets, after U.S. data showed cooling inflation, reviving hopes of further policy easing next year that will support global economic growth and oil demand. Brent crude futures rose 26 cents, or 0.4%, to $73.20 a barrel by 0141 GMT.
- No sooner had the global economy started to put the aftermath of the COVID-19 pandemic behind it than a whole new set of challenges opened up for 2025. In 2024, the world's central banks were finally able to start lowering interest rates after largely winning the battle against inflation without sparking a global recession.
- No sooner had the global economy started to put the aftermath of the COVID-19 pandemic behind it than a whole new set of challenges opened up for 2025. In 2024, the world's central banks were finally able to start lowering interest rates after largely winning the battle against inflation without sparking a global recession.
* Central banks lowered rates in 2024 after inflation battle. * Voters punished incumbents amid cost of living crisis. * Uncertainty looms with potential Trump tariffs and global conflicts. By Mark John. No sooner had the global economy started to put the aftermath of the COVID-19 pandemic behind it than a whole new set of challenges opened up for 2025.
Asian shares rallied on Monday after a benign reading on U.S. inflation restored some hope for further policy easing next year, while there was relief that Washington had averted a government shutdown. After the bonanza of recent central bank decisions, this week is much quieter with only the minutes of a few of those meetings due.
Asian shares rallied on Monday after a benign reading on U.S. inflation restored some hope for further policy easing next year, while there was relief that Washington had averted a government shutdown. After the bonanza of recent central bank decisions, this week is much quieter with only the minutes of a few of those meetings due.
* Benchmark prices ease 2.5% for the week. * Dollar on track for third consecutive week of gains. * Fed policymakers prepare ground for rate-cut pause in 2025. * Sinopec says China's crude imports may peak next year. * Trump warns EU on tariffs if bloc doesn't buy more US oil, gas. By Arathy Somasekhar.
* Benchmark 10-year Treasury yields at highest level in over 6 months. * 8 of the 11 S&P 500 sectors in negative territory in December. * S&P 500 trading on forward earnings estimates well above historical average. By Lewis Krauskopf.
Bank of England Governor Andrew Bailey will accompany British finance minister Rachel Reeves to China next month, Sky News said on Saturday, a visit intended to revive high-level economic and financial talks that have been frozen since 2019.
Bank of England Governor Andrew Bailey and Nikhil Rathi, the chief executive of the Financial Conduct Authority, will join finance minister Rachel Reeves on a visit to China next month, Sky News reported on Saturday.
In a December meeting that will be remembered for its seismic impact on markets, the Federal Reserve delivered a widely anticipated 25-basis-point interest rate cut Wednesday, bringing the target range to 4.25%-4.5%. Yet, it wasn't the rate cut itself that shocked Wall Street: it was the Fed?s revised economic forecasts and Chair Jerome Powell's stance that crushed expectations for deeper...
Federal Reserve Vice Chair for Supervision Michael Barr has sought legal advice to explore his options against any attempts by President-elect Donald Trump to remove him, sources said, the latest sign that a conflict might be looming between the incoming administration and the central bank.
Federal Reserve Vice Chair for Supervision Michael Barr has sought legal advice to explore his options against any attempts by President-elect Donald Trump to remove him, sources said, the latest sign that a conflict might be looming between the incoming administration and the central bank.
* Nov. * Real estate leads S&P sectors higher. * U.S. House to vote Friday to avoid govt shutdown. By Chuck Mikolajczak. U.S. stocks rallied to close out the trading week on Friday after two lackluster sessions as a cooler-than-expected inflation report and comments from Federal Reserve officials eased worries about the path of interest rates.
In the last three months, 12 analysts have published ratings on MarketAxess Holdings (MKTX), offering a diverse range of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
* US PCE inflation edges higher in November. * US 10-year yields post largest daily fall in four weeks. * US yield curve flattens after PCE data. * Fed officials justify slower pace of rate cuts in 2025. By Gertrude Chavez-Dreyfuss.
NBT Bancorp Inc. (NBTB) announced that it has received regulatory approval to complete the proposed merger of Evans Bancorp, Inc. (EVBN) with and into NBT and Evans Bank, N.A. with and into NBT Bank, N.A.. The Office of the Comptroller of the Currency approved the merger of Evans Bank with and into NBT Bank, and NBT received a waiver from the Federal Reserve Bank of New York for any application with respect ...
* Nov. * Real estate leads S&P sectors higher. * Indexes up: Dow 1.53%, S&P 500 1.45%, Nasdaq 1.48% By Chuck Mikolajczak. U.S. stocks rallied on Friday after two lackluster sessions as a cooler-than-expected inflation report and comments from Federal Reserve officials eased worries about the path of interest rates.
The U.S. dollar pulled
back from a two-year high on Friday, but was heading for its
third-straight week of gains, with data showing a slowdown in
inflation two days after the Federal Reserve cut ...
The bank's termination of its membership in the Net-Zero Banking Alliance ended a state review that could have led to a ban for governmental contracts.
Fitch: * FITCH RATINGS: LIFE INSURANCE CREDIT LOSSES TO RISE WITHIN RATINGS EXPECTATIONS IN 2025. * FITCH: NORTH AMERICAN LIFE INSURER CREDIT LOSSES TO REMAIN BENIGN IN 2025 Source text:
U.S. consumer spending increased in November amid strong demand for a range of goods and services, underscoring the economy's resilience, which saw the Federal Reserve this week projecting fewer interest rate cuts in 2025 than it had in September. There was also good news on inflation last month after a series of warmer readings.
The San Diego County-based hospital system's financial woes were dire enough to earn junk ratings from Fitch Ratings, Moody's Ratings and S&P Global Ratings earlier this year. Fitch further downgraded the already junk ratings on Wednesday.
* US PCE inflation edges higher in November. * US consumer spending rises last month, though less than expected. * US 10-year yields on track for largest daily fall in four weeks. * US yield curve flattens after PCE data. By Gertrude Chavez-Dreyfuss.
Fitch: * FITCH UPGRADES SRI LANKA TO 'CCC+' * FITCH: ALSO UPGRADED SRI LANKA'S LOCAL-CURRENCY IDR TO 'CCC+' * FITCH: UPGRADE REFLECTS FITCH'S ASSESSMENT THAT SRI LANKA HAS NORMALISED RELATIONS WITH A MAJORITY OF CREDITORS. * FITCH ON SRILANKA: RESTRUCTURING OF DEBT OWED TO OFFICIAL CREDITORS IS EXPECTED TO BE COMPLETED BY END-2024.
* Nov. * Lilly up after Novo Nordisk drug shows less weight loss in trial. * Indexes up: Dow 1.38%, S&P 500 1.31%, Nasdaq 1.30% By Medha Singh and Purvi Agarwal. Dec 20 - Wall Street's main indexes jumped in volatile trading on Friday as a cooler-than-expected inflation report eased some market concerns triggered by the Federal Reserve forecasting only two rate reductions for 2025.
Euro zone government bond yields fell on Friday, echoing a retreat in Treasury yields after U.S. data showed consumer inflation cooled in November, softening the case for the Federal Reserve to keep rates higher for longer. European markets had been set on edge earlier in the day, after President-elect Donald Trump warned the European Union to buy more U.S. oil and gas or face hefty tariffs.
* Brazil's real gains nearly 0.9% against U.S. dollar after market interventions. * President Lula supports central bank independence, boosting market confidence. * Congress approves key fiscal package after doubts about its passage.
AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to C++ from B- and the Long-Term Issuer Credit Rating to ?b+? from ?bb-? of Ghana Reinsurance PLC.
Canada's main stock index bounced back on Friday, though it seemed headed for its biggest weekly drop in more than a year, as investors fretted about the direction of global interest rates in the coming year, a possible U.S. government shutdown and slowing global economic growth.
- Chicago Federal Reserve President Austan Goolsbee said on Friday he now projects a shallower rate-cutting path in 2025 than he had previously, but added he still believes the U.S. central bank's policy rate will fall a "judicious amount" next year.
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.
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