Canada posted a C$160 million trade deficit in December, as exports fell largely on energy products while imports were driven down mainly by consumer goods, Statistics Canada said on Tuesday. The deficit was better than analysts' expectation of a C$500 million deficit and smaller than a revised C$219 million deficit in November.
Moldova's central bank has cut its key interest rate to 17% from 20% as consumer price inflation has continued to slow, Central Bank Governor Octavian Armasu said on Tuesday. The central bank last cut the interest rate at the start of December.
The U.S. trade deficit widened in December, reversing some of the prior month's sharp contraction, as imports rebounded and exports declined further. The trade deficit increased 10.5% to $67.4 billion, the Commerce Department said on Tuesday. Imports increased 1.3% to $317.6 billion, with goods rising 1.8% to $258.8 billion.
Elevated Mortgage Rates and Home Prices Are Dampening Consumer Opinion of Home Purchase Conditions WASHINGTON, Feb. 7, 2023 /PRNewswire/ -- The Fannie Mae?Home Purchase Sentiment Index? increased for the third consecutive month in January but still remains well below its pre-pandemic highs.
The dollar hovered near one-month highs on Tuesday ahead of a speech by Federal Reserve Chair Jerome Powell that will be scoured by investors for any signals on how high U.S. interest rates may go this year.
The United States will support India's G20 presidency including on issues such as food and energy security, the U.S. embassy there said on Tuesday, as New Delhi seeks the backing of its partners ahead of key meetings starting this month.
Ahead of the market open on Tuesday, a Fed official warned that the war against inflation is far from over. What Happened: The strong January payrolls report showed that the central bank has more work to do in its fight against inflation, said Minneapolis Fed President Neel Kashkari in an interview with CNBC's Squawk Box.
WisdomTree, Inc. (WT), a global financial innovator, and Voya Investment Management Co. LLC, the asset management business of Voya Financial, Inc. (VOYA), announced today the launch of the WisdomTree Voya Yield Enhanced USD Universal Bond Fund on the NASDAQ. WisdomTree (WT) and Voya have a long-standing relationship, with Voya acting as sub-adviser to UNIY, as well as to several of WisdomTree?s portfolios.
Futures for Canada's main stock index were flat on Tuesday as investors looked for clues on the interest rate-hike trajectory ahead of speeches from both U.S. Federal Reserve chair and the Bank of Canada's governor due later in the day. March futures on the S&P/TSX index were flat at 7:01 a.m. ET.
Brazil's central bank has expressed concern at increased inflation expectations, saying that a fiscal framework revision and government stimulus package may lead to upward pressure on consumer prices.
-The Federal Reserve will probably have to raise interest rates to at least 5.4% in order to tame high inflation with January job gains showing policy actions so for have done little to dent the labor market, Minneapolis Fed President Neel Kashkari said on Tuesday.
Stocks look set for another nervous session on Tuesday as traders look ahead to comments from Fed Chair Jerome Powell and another batch of earnings reports. Cues From Monday's Trading: The major U.S. averages ended Monday's session lower, extending the losses from the previous session.
Armada Hoffler Properties, Inc. (AHH) announced that it has achieved an investment grade credit rating from DBRS Morningstar, one of the world?s largest credit ratings agencies.
Canada Goose Holdings Inc. (GOOS) will host an Investor Day today, February 7, 2023 at the Company?s headquarters in Toronto. This press release features multimedia. ?Today, Canada Goose is recognized around the world as a performance luxury lifestyle brand, known as a global leader in warmth and protection.
Brazil's central bank stressed the existence of two fiscal risks that may push inflation upwards, one linked to the review of the country's fiscal framework and the other to fiscal stimuli granted by the government.
-U.S. stock index futures edged higher on Tuesday, ahead of a speech by Federal Reserve Chair Jerome Powell later in the day that will be parsed for further clues on how long the central bank will keep interest rates higher.
* Futures: S&P up 0.13%, Nasdaq up 0.27%, Dow flat. U.S. stock index futures edged higher on Tuesday, ahead of a speech by Federal Reserve Chair Jerome Powell later in the day that will be parsed for further clues on how long the central bank will keep interest rates higher.
After vouching last week that a "gratifying" drop in inflation was underway, Federal Reserve Chair Jerome Powell will face questions on Tuesday about whether a blowout January jobs report has shaken his confidence the decline can continue without harsher steps by the U.S. central bank to slow the economy.
A look at the day ahead in U.S. and global markets from Mike Dolan. While U.S. President Joe Biden gets set to deliver his second "State of the Union" address late on Tuesday, world markets will be more in thrall to what his Federal Reserve Chair makes of an increasingly confusing economic picture.
Australia was the latest major central bank to raise rates and on Tuesday hinted at further hikes, even as most major central banks steadily move closer to a pause in aggressive monetary tightening as inflationary pressures show signs of easing.
* BP jumps on record profit in 2022. * Ambu tops STOXX 600 on earnings beat. * Fed Chair Powell, ECB policymakers to speak later. By Ankika Biswas. European shares edged higher on Tuesday ahead of comments by central bank policymakers against the backdrop of expectations that the global interest-rate increase cycle would last for longer, while bumper profits from BP lifted energy stocks.
Australia was the latest major central bank to raise rates and on Tuesday hinted at further hikes, even as most major central banks steadily move closer to a pause in aggressive monetary tightening as inflationary pressures show signs of easing.
The euro zone's improved economic situation makes it easier for the European Central Bank to fight inflation with monetary policy, French ECB policymaker Francois Villeroy de Galhau said on Tuesday at an event organised by several German news outlets.
The dollar eased on Tuesday after its rally the previous day, but still hovered near a one-month peak as traders raised their bets on how high the U.S. Federal Reserve would need to raise interest rates to tame inflation.
* Stocks stabilise after two-session slide. * * Oil jumps after devastating quake in Turkey. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Marc Jones.
* Fed's Powell to speak at 1700 GMT. * Value of China's gold reserves at $125.28 bln at end-January. * Gold to stay volatile until U.S. CPI next week -analyst. * Commerzbank sees $1,850/oz by mid-year, $1,950/oz by end-2023. By Arundhati Sarkar.
France's trade deficit nearly doubled in 2022 to a new record high as Europe's energy crisis caused its gas, oil and power imports to soar, official data showed on Tuesday. The trade deficit surged to 164 billion euros from 86 billion the previous year, with 86% of that increase directly due to energy imports, the trade ministry said.
German industrial production fell more than expected in December, decreasing by 3.1% on the previous month, the federal statistical office said on Tuesday. In a Reuters poll, analysts had pointed to a drop of 0.7% for the month. The office offers more detailed data on its website.
Japan's Nikkei index pared gains to inch lower on Tuesday, as investors awaited a speech by U.S. Federal Reserve Chairman Jerome Powell, while a slew of corporate earnings rendered the market directionless. The Nikkei share average ended 0.03% lower at 27,685.47, snapping a fourth straight winning session, after trading most of the session in positive territory.
The dollar eased on Tuesday after its rally the previous day, but still hovered near a one-month peak as traders raised their forecasts of how high the U.S. Federal Reserve would need to raise interest rates to tame inflation.
Asian share markets mostly stabilised on Tuesday after steep losses in the past 24 hours, while the U.S dollar remained elevated as investors considered the prospects for interest rates to remain higher for longer in many developed economies. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.4%, after U.S. stocks ended the previous session with mild losses.
Japanese government bond yields rose on Tuesday, tracking for any tweaks of the Bank a rise in U.S. Treasury yields overnight, while investors braced of Japan's ultra-low rate policy when the new governor takes a seat in April.
Central banks face mounting losses on the trillions of dollars of bonds they bought in the past 15 years of rolling crises, a paper from the Bank for International Settlements said, warning that the deficits could leave them open to political attack.
The dollar eased on Tuesday from its rally at the start of the week, but hovered near a one-month peak as traders raised their forecasts of U.S. Federal Reserve interest rate levels needed to tame inflation.
Australia's central bank raised its cash rate 25 basis points to a decade-high of 3.35% on Tuesday and reiterated that further increases would be needed, a more hawkish policy tilt than many had expected.
Australia's central bank raised its cash rate 25 basis points to a decade-high of 3.35% on Tuesday and reiterated that further increases would be needed, a more hawkish policy tilt than many had expected.
Australia's central bank raised its cash rate 25 basis points to a decade-high of 3.35% on Tuesday and reiterated that further increases would be needed, while dropping previous guidance that they were not on a pre-set path.
Philippine annual inflation blew past expectations in January to reach a fresh 14-year high on surging food prices, raising the chance of the central bank delivering a larger interest rate hike to tame prices when it meets this month.
* Powell due to speak at 1700 GMT. * U.S. dollar index down slightly. By Kavya Guduru. Gold prices rose on Tuesday as the dollar pulled back slightly, with traders awaiting U.S. Federal Reserve Chair Jerome Powell's speech later in the day for hints about future rate hikes after last week's strong economic data.
The steepest market sell-off of the year so far looked to have fizzled out on Tuesday, as traders waited to see if the head of the Federal Reserve gives any new insights later on where U.S. and therefore global interest rates are now heading.
The steepest market sell-off of the year so far looked to have fizzled out on Tuesday, as traders waited to see if the head of the Federal Reserve gives any new insights later on where U.S. and therefore global interest rates are now heading.
Asian share markets stabilised somewhat on Tuesday after steep losses in the past 24 hours, while the U.S dollar remained elevated as investors considered the prospects interest rates would remain higher for longer in many developed economies. MSCI's broadest index of Asia-Pacific shares outside Japan bounced slightly 0.4%, after U.S. stocks ended the previous session with mild losses.
- The dollar eased on Tuesday after its rally the previous day, but still hovered near a one-month peak as traders raised their bets on how high the U.S. Federal Reserve would need to raise interest rates to tame inflation.
The dollar hovered near a one-month peak on Tuesday as traders raised their forecasts of U.S. Federal Reserve interest rate levels needed to tame inflation, as a stubbornly resilient labour market remains largely immune to aggressive rate hikes.
Gold prices edged up on Tuesday, helped by a slight pullback in the dollar, with investors eyeing Federal Reserve Chair Jerome Powell's speech later in the day to gauge the U.S. central bank's monetary policy path. FUNDAMENTALS. * Spot gold was 0.2% higher at $1,870.63 per ounce, as of 0046 GMT, after hitting its lowest since Jan. 6 in the previous session.
Major Wall Street indices closed in the red on Monday as investors and traders remained wary of rising bond yields. 1. Tesla Inc: Shares of Tesla closed 2.52% higher on Monday. Also Read: Everything You Need To Know About Tesla Stock 2. Apple Inc: Shares of Apple closed 1.79% lower on Monday. 3. Bed Bath & Beyond Inc: Shares of the company have been witnessing bouts of volatility.
Bank of Japan Governor Haruhiko Kuroda is working from home after being in close contact with a COVID-19 patient, the country's central bank said on Tuesday. He is scheduled to be back in office on Friday, the BOJ said.
T-Mobile US, Inc. (TMUS) announced today that T-Mobile USA, Inc., its direct wholly-owned subsidiary, has agreed to sell $1,000,000,000 aggregate principal amount of its 4.950% Senior Notes due 2028, $1,250,000,000 aggregate principal amount of its 5.050% Senior Notes due 2033 and $750,000,000 aggregate principal amount of its 5.650% Senior Notes due 2053 in a registered public offering.
MONTR?AL, Feb. 6, 2023 Bell Canada today announced the public offering in Canada of Cdn?$1.5 billion aggregate principal amount of MTN Debentures in two series?pursuant to its medium term notes program.
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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