Australia's central bank on Tuesday left its cash rate steady at 3.85%, a shock for markets that had confidently wagered on a cut, saying the majority of the board wanted to wait for more information to confirm inflation was slowing.
Australia's central bank on Tuesday left its cash rate steady at 3.85%, a shock for markets that had confidently wagered on a cut, saying the majority of the board wanted to wait for more information to confirm inflation was slowing.
Australia's central bank on Tuesday left its cash rate steady at 3.85%, a shock for markets that had confidently wagered on a cut, saying the majority of the board wanted to wait for more information to confirm inflation was slowing.
Goldman Sachs has raised its three-, six- and 12-month return forecasts for the S&P 500, citing expectations of U.S. interest rate cuts and continued fundamental strength of major large-cap stocks as key drivers of its positive outlook.
Goldman Sachs (GS) has raised its three-, six- and 12-month return forecasts for the S&P 500, citing expectations of U.S. interest rate cuts and continued fundamental strength of major large-cap stocks as key drivers of its positive outlook.
Gold prices steadied on Tuesday as U.S. President Donald Trump announced sharply higher tariffs on goods from Japan, South Korea and other nations, while higher U.S. treasury yields capped gains. FUNDAMENTALS. * Spot gold fell 0.1% to $3,331.89 per ounce as of 0035 GMT.
WP Carey Inc (WPC): * W. P. CAREY INC. ANNOUNCES PRICING OF $400 MILLION OF SENIOR UNSECURED NOTES. * WP Carey Inc (WPC) - PRICED $400 MILLION OF 4.650% SENIOR NOTES DUE 2030 Source text: Further company coverage:
* Trade in focus as Trump names trade tariffs. * US Treasury to sell $119 bln coupon-bearing supply. * Fed to release minutes from latest meeting on Wednesday. By Karen Brettell.
-The prospect of the Federal Reserve once again setting its short-term interest rate target at near zero levels at some point in coming years remains real despite current relatively high levels of short-term borrowing costs, a new paper published jointly between the New York and San Francisco Federal Reserve banks said.
* Joint NY-SF Fed paper cites still ongoing risk of near zero interest rates. * Fed paper says uncertainty keeps risk of very low rates alive. * Fed has more space to cut rates now without hitting zero fed funds rate. By Michael S. Derby.
* US flags August 1 as tariff deadline for some countries. * Longer-dated Treasuries up. * Dollar index higher, oil prices up as well. By Caroline Valetkevitch. Major stock indexes eased while the dollar strengthened against major currencies on Monday as investors awaited the next announcements in the White House's trade negotiations. Longer-dated U.S. Treasury. yields edged. higher. The.
The Russian rouble strengthened against the Chinese yuan and traded flat against the U.S. dollar on Monday as the central bank increased its net foreign currency sales by almost a third. By 1500 GMT, the rouble was flat at 78.70 per U.S. dollar, according to LSEG data based on over-the-counter quotes.
Russia's budget deficit reached 3.69 trillion roubles, or 1.7% of gross domestic product, in the first half of the year, the same as expected for the full year, the finance ministry said. The deficit for the first half of the year was higher than in the first five months of 2025, when it stood at 1.5% of GDP.
Russia ran a budget deficit
of 3.69 trillion roubles ($46.9 billion), or 1.7% of gross
domestic product, in the first half of the year, the same as the
deficit target for the entire year, the finance ...
* Trump says US close to completing trade deals. * US rate cut expectations knocked by payrolls data. * China's central bank buys gold for eighth straight month in June. By Anushree Mukherjee.
Online spending is expected to surge to $23.8 billion across U.S. retailers during a 96-hour Amazon Prime Day event this week, according to an Adobe Analytics forecast released on Monday, as shoppers seek strong discounts on back-to-school gear ranging from apparel to electronics. Sales from July 8 to 11 are projected to rise 28.4% compared with the same period last year, the report said.
The European Central Bank said on Monday its governing council had found that the risks to euro area financial stability had increased due to a sharp rise in global geopolitical uncertainty. The ECB added the Governing Council's conclusion was drawn at its Macroprudential Forum on June 25.
-China's central bank has asked some financial institutions about their views on recent U.S. dollar weakness, people with knowledge of the matter said. In the survey conducted last week, the People's Bank of China asked questions related to the U.S. dollar's movements and the causes of its recent weakness and outlook for the Chinese yuan exchange rate, the sources said.
U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.
* Trump says US nears trade deals with several countries. * Dollar up 0.4% against its rivals. * Trump threatens extra 10% tariffs on BRICS countries. * Platinum, palladium down more than 2% each. By Brijesh Patel.
China's gold reserves stood at 73.90 million fine troy ounces at the end of June, up from 73.83 million at the end of May, as the central bank bought the precious metal for an eighth straight month. China's gold reserves were valued at $242.93 billion at the end of last month, up from $241.99 billion at the end of May, central bank data showed on Monday.
* Surging tech stocks led the U.S. rebound. * Europe bulls confident in higher European GDP growth. * S&P 500 still lower if priced in euros. By Alun John. European stocks took an early lead in 2025, outperforming Wall Street thanks to erratic U.S. policymaking and Germany's once-in-a-generation fiscal shift, but U.S. markets have caught up.
* Moratorium on 'Liberation Day' levies ends on Wednesday. * Higher tariff rates to come into effect from August 1. * Trump threatens additional tariffs on BRICS nations. * Aussie, NZ dollars decline ahead of central bank decisions. By Kevin Buckland and Johann M Cherian.
-German industrial production rose more than expected in May thanks to the automotive industry and energy production, the federal statistics office said on Monday.
German industrial production rose more than expected in May thanks to the automotive industry and energy production, the federal statistics office said on Monday.
German industrial production rose in May by 1.2% over the previous month, the federal statistics office said on Monday. Analysts polled by Reuters had predicted it to be stable at 0.0%. The office offers more detailed data on its website.
* Moratorium on "Liberation Day" levies ends on Wednesday. * Higher tariff rates to come into effect from August 1. * Aussie, NZ dollars decline ahead of central bank decisions. By Kevin Buckland.
* Advisers urge China to prioritise consumers in next policy plan. * China lags the world with household consumption at 40% of GDP. * Some Beijing advisers want that share to rise above 50% by 2035. * Reform proposals similar to last decade's unfulfilled promises. By Kevin Yao.
* Moratorium on "Liberation Day" levies ends on Wednesday. * Higher tariff rates to come into effect from August 1. * Aussie, NZ dollars decline ahead of central bank decisions. By Kevin Buckland.
* Donald Trump says US nears trade deals with several countries. * Higher US tariffs to kick in from August 1. * Trump threatens extra 10% tariffs on BRICS countries. By Anmol Choubey.
Gold prices dropped on Monday after
U.S. President Donald Trump signalled progress on multiple trade
agreements and announced extended tariff reprieve for several
countries, dampening demand for the ...
Major stock indexes declined while the dollar strengthened on Monday as U.S. President Donald Trump unveiled sharply higher U.S. tariffs on goods from Japan, South Korea and other countries in the latest development in the U.S. trade war. Longer-dated U.S. Treasury yields rose.
Russian President Vladimir Putin told BRICS leaders on Sunday that the era of liberal globalisation was obsolete and that the future belonged to swiftly growing emerging markets which should enhance the use of their national currencies for trade.
-Thailand, in its latest proposal to avert steep U.S. tariffs, is aiming to boost bilateral trade volumes with the U.S. and reduce its $46 billion trade surplus by 70% within five years, reaching balance in seven to eight years, Finance Minister Pichai Chunhavajira told Bloomberg News on Sunday.
Thailand, in its latest proposal to avert steep U.S. tariffs, is aiming to boost bilateral trade volumes with the U.S. and reduce its $46 billion trade surplus by 70% within five years, reaching balance in seven to eight years, Finance Minister Pichai Chunhavajira told Bloomberg News on Sunday.
Brazil's trade surplus in June missed analysts' expectations, government data showed on Friday, as imports kept their recent growth path and the government cut its own yearly surplus outlook.
The inability of Britain's government to make cuts to welfare spending this week underscores the extent of the challenges it faces in repairing its finances, credit rating agency S&P Global said on Friday.
Brazil's producer price index fell 1.29% in May, reaching the lowest level since 2023, statistics agency IBGE said on Friday. Producer prices in May contracted from a 0.12% drop in the previous month, IBGE said in a statement, marking the sharpest fall this year and the biggest decline since a 2.72% drop in June 2023.
Canada's services economy contracted at a steeper pace in June as uncertainty generated by U.S. trade policy depressed activity and cost pressures increased, S&P Global's Canada services PMI data showed on Friday. The headline Business Activity Index fell to 44.3 last month from 45.6 in May, marking the seventh straight month the index has been below the 50 threshold.
The risk of inflation is pointing downwards rather than upwards, Belgium's central bank governor, Pierre Wunsch, told Germany's Handelsblatt newspaper in an interview published on Thursday.
* VTB says the central bank has supported the rouble. * Central bank's net forex sales rise despite rouble strength. * Strong rouble has helped fight inflation. By Elena Fabrichnaya.
Every 1% cut in central bank interest rates gives Russia's VTB Bank an extra 20 billion roubles in net profit, CFO Dmitry Pyanov told Reuters, which benefits the government as the state-owned lender plans to distribute 50% of its profits via dividends - half of it to the state. Russia's benchmark interest rate remains extremely high at 20%, discouraging borrowers and hurting banks' loan books.
* Penalties total S$27.45 million for financial institutions. * Largest penalty since 1MDB case in 2017. * central bank cites risk assessments and monitoring deficiencies. By Jun Yuan Yong.
MOODY'S: * MOODY'S ON AZERBAIJAN: UPGRADED FOREIGN CURRENCY BACKED SENIOR UNSECURED RATING OF SOUTHERN GAS CORRIDOR CJSC TO BAA3 FROM BA1. * MOODY'S ON AZERBAIJAN: OUTLOOK REFLECTS VIEW ONGOING REFORMS COULD FURTHER REDUCE ECONOMIC & FISCAL DEPENDENCE ON HYDROCARBON SECTOR.
Taiwan Central Bank: * WE HAVE CONTACTED CUSTODIAN BANKS TO UNDERSTAND SITUATION REGARDING FOREIGN FUND INFLOWS AND THEIR INVESTMENT IN TAIWAN STOCKS. * WE WANT TO CONFIRM THAT FOREIGN INVESTORS' FUND INFLOWS ARE INVESTED IN TAIWAN STOCKS, AND THAT THEY SEND THE MONEY OUT OF TAIWAN AFTER SELLING STOCKS.
Greater Toronto Area home sales rose for a third straight month in June and prices extended their recent decline, Toronto Regional Real Estate Board data showed on Friday.
The inability of Britain's government to make modest cuts to welfare spending this week underscores the underscores 'formidable' challenge it faces in repairing it finances, credit rating agency S&P Global said on Friday.
The European Central Bank President Christine Lagarde said on Friday that the European Union's economic systems need to become more efficient and more productive for the euro to draw level with the U.S. dollar's role as the world's foremost currency.
Japan's 10-year government bonds inched down on Friday, tracking declines in U.S. Treasuries after strong U.S. jobs data bolstered the case for the Federal Reserve to keep interest rates on hold. The 10-year JGB yield rose 0.5 basis point to 1.445%. Yields move inversely to bond prices.
* OPEC+ expected to boost output in August. * Iran reaffirms commitment to nuclear non-proliferation treaty. * US tariff risks resurface as July 9 deadline looms. By Amanda Stephenson. Oil futures slipped slightly Friday on thin holiday volumes, as the market looked ahead to this weekend's OPEC+ meeting and the likelihood that member countries will decide this weekend to. raise output.
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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