* US Fed statement due at 1800 GMT. * SPDR Gold Trust holdings rose 0.4% on Tuesday. * Dollar down 0.2% against its rivals. By Brijesh Patel. Gold prices inched higher on Wednesday, buoyed by a retreat in the dollar, while investors held back from placing large bets ahead of the U.S. Federal Reserve's policy decision later in the day. Spot gold edged 0.1% higher at $3,393 an ounce, as of 0517 GMT.
The head of China's central bank pledged to expand the international use of the digital yuan and called for the development of a multi-polar global currency system, where several currencies dominate the world economy.
The Bank of Japan may take a long pause before raising interest rates again, but it has still left scope for action this year by signaling caution over broadening price pressures that could sow the seeds of too-high inflation.
* Investors worry over greater US involvement in Mideast conflict. * Oil extends climb, dollar supported. * Federal Reserve decision comes later in the day. By Rae Wee. Concerns over escalating hostilities in the Middle East stayed front and centre in markets on Wednesday, sending oil prices higher and leaving investors hesitant to scoop up risk assets.
South Korea's central bank said on Wednesday that U.S. tariffs were likely to exert downward price pressure domestically as more Chinese goods might be sent to neighbouring countries rather than the U.S. because of Washington's levies.
Japanese government bonds gained on Wednesday, tracking a rally for U.S. Treasuries overnight, as escalating tensions in the Middle East boosted demand for safe-haven assets. The 10-year JGB yield was down 2 basis points at 1.455%, as of 0413 GMT, tracking a more than 6 bps drop in equivalent U.S. Treasuries overnight.
A look at the day ahead in European and global markets from Rae Wee. Markets head into Wednesday's Federal Reserve rates decision with much uncertainty around the global economy, trade and geopolitical ties.
A look at the day ahead in European and global markets from Rae Wee. Markets head into Wednesday's Federal Reserve rates decision with much uncertainty around the global economy, trade and geopolitical ties.
Economists have lowered their forecasts for Singapore's growth and inflation this year and are expecting a further easing of monetary policy next month, a survey of forecasters by the Monetary Authority of Singapore showed on Wednesday.
LONDON---- Leading global consultancy Kearney, in partnership with the World Economic Forum, has today published a new report highlighting the rapid evolution of advanced air mobility from concept to practical deployment.
-The U.S. dollar held on to gains against major currencies early on Wednesday, buoyed by demand for safety as conflict between Israel and Iran kept investors on edge ahead of a Federal Reserve decision on interest rates later in the day. Israel has pounded Iran over the past six days to halt its nuclear activity and has asserted the need for a change of government in the Islamic republic.
* Middle East conflict renews bids for safety in the dollar. * Fed widely expected to leave interest rates unchanged. * Trade deals scant as G7 summit concludes. By Johann M Cherian.
* Investors worry over greater US involvement in Mideast conflict. * Oil extends climb, dollar supported. * Federal Reserve decision comes later in the day. By Rae Wee. Concerns over escalating hostilities in the Middle East stayed front and centre in markets on Wednesday, sending oil prices higher and investors rushing for the safety of U.S. Treasuries and the dollar while dumping stocks.
Gold prices held steady on
Wednesday, as escalating tensions between Israel and Iran
entered their sixth day, while a stronger dollar capped gains
ahead of the U.S. Federal Reserve's policy ...
As debate rages around 'de-dollarization' and the world's appetite for dollar-denominated assets, one major cohort of overseas investors appears to be quietly backing away from U.S. securities: central banks.
Whitecap Resources Inc (SPGYF): * WHITECAP RESOURCES ANNOUNCES $300 MILLION OFFERING OF SENIOR NOTES. * Whitecap Resources Inc (SPGYF): PRICED AN OFFERING OF $300 MILLION PRINCIPAL AMOUNT OF 3.761% SENIOR UNSECURED NOTES DUE JUNE 19, 2028 Source text: Further company coverage:
ARC Resources Ltd (AETUF): * ARC Resources Ltd (AETUF). ANNOUNCES THE CLOSING OF ITS OFFERING OF SENIOR UNSECURED NOTES Source text: Further company coverage:
KBRA assigns a long-term rating of AA+ to the City of El Paso, TX General Obligation Refunding Bonds, Series 2025. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
Enterprise Products Partners L.P. (EPD) today announced that its operating subsidiary, Enterprise Products Operating LLC, has priced a public offering of $2.0 billion aggregate principal amount of notes comprised of $500 million principal amount of senior notes due June 20, 2028, $750 million principal amount of senior notes due January 15, 2031, and $750 million principal amount of senior notes due ...
* Oil prices rise more than 4% on Iran-Israel fighting. * Trump says Iranian leader is safe "for now" * Lack of trade agreements at G7 disappoint. * Fed expected to hold rates, Chair's comments in focus. * U.S. Treasury yields fall on flight to safety. By Isla Binnie.
Dime Community Bancshares, Inc. (DCOM), the parent company of Dime Community Bank, announced that Kroll Bond Rating Agency, in a report dated June 17, 2025, revised its ratings outlook from ?Stable? to ?Positive.
Kite Realty Group Trust (KRG) announced today that, on June 17, 2025, its operating partnership, Kite Realty Group (KRG), L.P., priced an offering of $300 million aggregate principal amount of 5.200% Senior Notes due 2032 in an underwritten public offering. The Operating Partnership intends to use the net proceeds from this offering to repay outstanding indebtedness and for general corporate purposes.
First Internet Bank announced today that it has assisted the Indianapolis Neighborhood Housing Partnership in securing a $125,000 grant from the Federal Home Loan Bank of Indianapolis through its new Community Multiplier?Member Match program. ?We commend FHLBank Indianapolis for its novel approach.
Rithm Capital Corp. (RITM) announced today that it has priced its previously announced offering of $500 million aggregate principal amount of 8.000% senior unsecured notes due 2030. The offering is expected to close on June 20, 2025, subject to customary closing conditions.
Latin American assets traded lower
on Tuesday, as caution prevailed with the Israel-Iran conflict
entering its fifth day, while the focus was also on a handful of
interest rate decisions in the region.
"We expect no change to rates but [for the Federal Open Market Committee] to continue to signal that rate cuts should still be expected," said Cooper Howard, a fixed income strategist at Charles Schwab.
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to ?a-? from ?bbb+? of Protector Forsikring ASA. The ratings reflect Protector?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
* US, Iran tensions boost safe-haven demand for Treasuries. * Fed will update economic and interest rate projections on Wednesday. * Treasury sees strong demand for $23 billion in 5-year TIPS. By Karen Brettell.
A former Bank of England economist is raising red flags over the growing role of stablecoins in the U.S. financial system, with major implications for banks, as well as the U.S. Dollar.
The Federal Reserve will consider plans to ease leverage requirements on larger banks at a meeting later this month, kicking off what is expected to be a broad effort to reconsider bank rules.
The Federal Reserve is widely expected to hold rates steady at 4.25%-4.50% on Wednesday as President Donald Trump's volatile tariff policy clouds the economic outlook. The decision will mark the fourth straight pause in the rate-cutting cycle that began in September. Chair Jerome Powell and his colleagues have consistently repeated since May that monetary policy is "in a good place."
The European Central Bank needs to be even more agile with its interest rate policy following the eruption of the Israel-Iran air war, France's central bank governor Francois Villeroy de Galhau said on Tuesday.
Euro zone government bond yields edged up on Tuesday with high levels of uncertainty over the conflict in the Middle East. Investors were also awaiting the outcome of the Federal Reserve policy meeting later this week.
The Europe Central Bank needs to be even more agile with its interest rate policy following the eruption of the war between Israel and Iran, France's central bank governor Francois Villeroy de Galhau said on Tuesday.
* US retail sales, industrial production fall in May. * New Middle East tensions add to uncertainty. * Outcome of tariff shock remains unclear. By Howard Schneider.
Member Impact Fund Grant Program Supports Affordable Housing and Community Development? ? ??. TopLine Financial Credit Union, a Twin Cities-based member-owned financial services cooperative, in partnership with Federal Home Loan Bank of Des Moines, is pleased to announce that four Minnesota community non-profit organizations will each receive a $10,000 grant from the Member Impact Fund, for a t...
In the first quarter of this year, 18.6% of new-issue volume in the market was traded electronically, up from 17.3% last year, according to data from Coalition Greenwich.
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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