Most Asia-Pacific stocks markets strengthened on Wednesday, as expectations for stimulus from China and overnight gains on Wall Street boosted the mood. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.7% in the morning.
Australia's economy grew at the weakest pace in 1-1/2 years last quarter as high prices and rising interest rates sapped consumer spending, while emerging signs pointed to further softness ahead amid elevated borrowing costs and a slowdown in global growth.
Australia's economy grew at the weakest pace in 1-1/2 years last quarter as high prices and rising interest rates sapped consumer spending, while emerging signs pointed to further softness ahead amid elevated borrowing costs and a slowdown in global growth.
Australia's economy grew at the weakest pace in 1-1/2 years last quarter as high prices and rising interest rates sapped consumer spending, and emerging signs suggest a further slowdown ahead amid a deceleration in global growth.
The dollar edged lower on Wednesday as traders assessed the odds of a rate hike by the Federal Reserve next week, while the Aussie scaled a fresh three-week high in the wake of a rate increase and a decidedly hawkish stance by its central bank . The Australian dollar peaked at $0.6690 in early Asia trade, its highest since mid-May, buoyed by lingering effects of the Reserve Bank of Australia's ...
The dollar edged lower on Wednesday as traders assessed the odds of a rate hike by the Federal Reserve next week, while the Aussie scaled a fresh three-week high in the wake of a rate increase and a decidedly hawkish stance by its central bank . The Australian dollar peaked at $0.6690 in early Asia trade, its highest since mid-May, buoyed by lingering effects of the Reserve Bank of Australia's ...
Oil prices steadied on Wednesday after the previous session's losses, as demand concerns owing to slow global economic growth were offset by fears of tighter global supply following Saudi Arabia's pledge to deepen output cuts. Brent crude futures were up 9 cents, or 0.1%, at $76.38 a barrel at 0039 GMT.
Gold prices were flat on Wednesday as cautious traders awaited the U.S. Federal Reserve's interest rate decision at its policy meeting next week, although a softer dollar kept the bullion supported. FUNDAMENTALS. * Spot gold was little changed at $1,963.83 per ounce by 0027 GMT. * The dollar index eased slightly, making gold less expensive for overseas buyers.
Interpublic Group today announced that it has priced a registered public offering of $300 million aggregate principal amount of its 5.375% Senior Notes due 2033.
Mexico's 2023 gross domestic product growth floor is currently at 2.2%, Finance Minister Rogelio Ramirez de la O said on Tuesday, adding he expects it will continue to rise due to the performance of consumption, employment and investment. Inflationary pressures in Mexico have moderated, Ramirez said at an event with bank BBVA.
"June started out fairly strong for the municipal market as the relative cheapness attracted investors looking for an opening to start buying bonds at higher yields," said Roberto Roffo, managing director and portfolio manager at SWBC Investment Company.
* For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. * AMD gains on Piper Sandler price target hike. * Coinbase slumps on U.S. SEC charge. * Regional banks rally. By Sruthi Shankar, Shristi Achar A and David Carnevali.
Olson, a 20-year municipal bond veteran, replaces Marjorie Henning who retired at the end of April. In his new position, he will be in charge of the Bureau of Public Finance, which manages the city's borrowing for the comptroller.
(Updated at 3 p.m. ET) The Canadian dollar strengthened to a near four-week high against the greenback on Tuesday as investors bet that the Bank of Canada would resume its tightening campaign at an interest rate decision on Wednesday or in the coming months.
THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR ISSUE, OR AN INVITATION TO PURCHASE OR SUBSCRIBE FOR, OR A SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES. HILVERSUM, The Netherlands, June 6, 2023 /PRNewswire/ -- Universal Music Group N.V. (UMGNF) today announced that it has successfully priced ?750m of 4.000% senior unsecured notes due 2031.
* For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. * AMD gains on Piper Sandler price target hike. * Coinbase slumps on U.S. SEC charge. * Regional banks rally. * Indexes: Dow down 0.11%, S&P up 0.13%, Nasdaq up 0.36% By Sruthi Shankar, Shristi Achar A and David Carnevali.
KBRA releases the May 2023 issue of CMBS Trend Watch. We will start with the good news: CMBS private label issuance, while anemic, seems to be gaining some traction. In May, KBRA published pre-sales for four deals including one SB and three conduit transactions. This month?s edition also highlights recent KBRA research publications, which cover various topical issues.
World shares edged higher on Tuesday as investors mulled whether a recent rally in stocks has legs to run further, while Treasury yields drifted higher as traders pared bets that U.S. rate cuts are on the horizon given sticky price pressures. Wall Street, where the S&P 500 touched a near 10-month high on Monday, was in the black.
* Stocks rise ahead of key Fed, ECB, BOJ meetings next week. * Crypto markets rattled again as SEC adds Coinbase to target list. * Oil prices steady as OPEC cut gains, bond yields drift lower. By Marc Jones and Koh Gui Qing.
* For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. * AMD gains on Piper Sandler price target hike. * Coinbase slumps on U.S. SEC charge. * Regional banks rally.
Holders of bonds issued by Venezuelan state-owned oil company Petroleos de Venezuela that are backed by a majority stake in refiner Citgo Petroleum urged New York state's highest court to reject claims that the bonds are invalid.
Brazil's central bank abstained from involvement in developing the government's comprehensive consumer debt renegotiation program unveiled on Monday, two central bank directors said on Tuesday. Speaking at a news conference, Renato Gomes, the director of the financial system organization, said that policymakers solely furnished information without actively contributing to the program's design.
Brazil's central bank abstained from involvement in developing the government's comprehensive consumer debt renegotiation program unveiled on Monday, two central bank directors said on Tuesday. Speaking at a press conference, they further stated that the central bank would evaluate the initiative's potential effects on default rates and credit volume.
Euro zone government bond yields dipped on Tuesday after a European Central Bank survey showed consumers had lowered their inflation expectations, but the move failed to hold and by late in the session German yields were roughly flat on the day.
Supply chain pressures cooled again in May, New York Fed data showed, in a development that further eased what had been one of the key factors that had helped drive surging inflation pressures around the work. The New York Fed said on Tuesday that its latest Global Supply Chain Pressure Index stood at -1.71, from the revised -1.35 for April.
Supply chain pressures cooled again in May, New York Fed data showed, in a development that further eased what had been one of the key factors that had helped drive surging inflation pressures around the work. The New York Fed said on Tuesday that its latest Global Supply Chain Pressure Index stood at -1.71, from the revised -1.35 for April.
The World Bank on Tuesday raised its 2023 global growth outlook as the U.S., China and other major economies have proven more resilient than forecast, but said higher interest rates and tighter credit will take a bigger toll on next year's results. Real global GDP is set to climb 2.1% this year, the World Bank said in its latest Global Economic Prospects report.
* Dollar rises 0.1%, yields tick higher. * Markets see 79% chance of Fed standing pat next week. * Focus on U.S. inflation data due on June 13. By Ashitha Shivaprasad. Gold prices steadied on Tuesday, trading in a tight range as investors awaited more cues to assess the Federal Reserve's interest rate path ahead of its policy meet next week.
Treasury yields traded
slightly higher on Tuesday as the market awaits the release next
week of key consumer price data followed by a Federal Reserve
meeting in which futures traders expect ...
* Oil stocks fall tracking drop in crude prices. * Advanced Micro Devices (AMD) gains on Piper Sandler's PT raise. * Indexes down: Dow 0.19%, S&P 0.12%, Nasdaq 0.18% * For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Canadian economic activity expanded in May at the slowest pace in three months, Ivey Purchasing Managers Index data showed on Tuesday. The seasonally adjusted index fell to 53.5 in May from 56.8 in April, posting its lowest level since February. The Ivey PMI measures the month to month variation in economic activity as indicated by a panel of purchasing managers from across Canada.
Volatility in fixed income prices, which has risen recently, should not be mistaken for a systemic flaw in market structure or be used as a "strawman" to fix the plumbing and functioning of these markets.
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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