- Asian shares fell and the dollar steadied on Wednesday as investors waited for a key U.S. report on inflation to provide hints to the Federal Reserve's plans for future monetary tightening. The Consumer Price Index report will be released later today, with markets watching for signs that inflation eased in July despite last week's unexpectedly strong U.S. jobs numbers.
Asian shares fell and the dollar steadied on Wednesday as investors waited for a key U.S. report on inflation to provide hints to the Federal Reserve's plans for future monetary tightening. The Consumer Price Index report will be released later today, with markets watching for signs that inflation eased in July despite last week's unexpectedly strong U.S. jobs numbers.
Gold prices struggled for momentum on
Wednesday, as investors refrained from making big bets ahead of
U.S. inflation data that is expected to influence the pace of
Federal Reserve rate hikes.
China's factory-gate inflation eased to its weakest since February 2021, as raw material prices fell due to already slower construction activity, while consumer prices rose gently, bucking the sharp increases seen elsewhere. The producer price index rose 4.2% year-on-year, the National Bureau of Statistics said on Wednesday, after a 6.1% uptick in June.
Brazil Economy Minister Paulo Guedes said on Tuesday the country's unemployment rate will be 8% before the year ends and that economic growth will exceed analysts' forecasts. "Before the year ends, we are going down to 8% ... we are going to end the year with the lowest unemployment rate we have seen in the last 10 or 15 years," he said.
The dollar traded firmly on
Wednesday in anticipation of U.S. inflation data, which even if
it comes in softer-than-expected is still likely to be so red
hot that steep U.S. interest rate rises will ...
Meta Platforms Inc (META): * Meta Platforms Inc (META) - ON AUGUST 9, ENTERED INTO AN INDENTURE AND A SUPPLEMENTAL INDENTURE WITH U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE. * Meta Platforms Inc (META) - PURSUANT TO INDENTURE COMPANY ISSUED $2.75 BILLION AGGREGATE PRINCIPAL AMOUNT OF ITS 3.500% SENIOR UNSECURED NOTES DUE 2027.
- Facebook-parent Meta Platforms Inc (META) said on Tuesday it had raised $10 billion in its first-ever bond offering, as it looks to fund share buybacks and investments to revamp its business.
Facebook-parent Meta Platforms Inc (META) said on Tuesday it had raised $10 billion in its first-ever bond offering, as it looks to fund share buybacks and investments to revamp its business.
* TSX ends down 90.87 points, or 0.5%, at 19,578.30. * Technology loses 4.1%; Nuvei (NVEI) tumbles 21.4% * Health care drops 7.9% as cannabis shares slide. * Energy gains 0.6% By Fergal Smith. Canada's main stock index fell on Tuesday, with technology shares leading the move lower ahead of U.S. inflation data expected to set the tone for additional Federal Reserve interest rate increases.
Argentina's central bank is likely to raise its benchmark interest rate by 600 basis points this week to tackle the country's high inflation, market participants told Reuters on Tuesday.
Argentina's central bank is likely to raise its benchmark interest rate by 600 basis points this week to tackle the country's high inflation, market participants told Reuters on Tuesday.
U.S. Treasury yields edged
higher on Tuesday as investors waited on highly anticipated
inflation data on Wednesday, which will be scrutinized for how
aggressively the Federal Reserve might continue ...
Argentina's industrial output grew 6.9% in June from a year ago in non-seasonally adjusted terms and rose 2.6% in seasonally adjusted terms from May, the government's INDEC statistics agency said on Tuesday.
Ecuador's capacity to meet its external debt obligations has not been affected by a Luxembourg court's decision to freeze the country's assets amid a dispute with oil company Perenco, the economy ministry said on Tuesday. Ecuador has "promptly complied" with interest and amortization payments on bonds for $185.7 million, which were due on July 31, the ministry said in a statement.
The dollar edged lower on Tuesday in thin summer trading with market participants in wait-and-see mode ahead of key inflation figures that could shed more light on how aggressive the Federal Reserve might be in its expected interest rate hike in September.
U.S. manufacturing production probably peaked during the second quarter, though the data are noisy and conflicting, and a turning point may not become obvious until September or October. U.S. manufacturing output in June was down by 0.4% compared with March though it was still up by 3.6% compared with the same month a year earlier, estimates prepared by the Federal Reserve Board found.
* BANK OF CANADA TO AUCTION C$16 BILLION OF T-BILLS ON AUG. 16, FINAL CALL FOR TENDERS SHOWS. * BANK OF CANADA TO SELL C$9.2 BILLION 98-DAY T-BILLS, C$3.4 BILLION 182-DAY T-BILLS, C$3.4 BILLION 364-DAY T-BILLS Source text for Eikon: https://www.bankofcanada.ca/markets/government-securities-auctions/calls-for-tenders-and-results/regular-treasury-bills/
Brazil's central bank said on Tuesday that bank profitability in the country had returned to pre-pandemic levels in 2021, but said that profits could grow more slowly going forward, mentioning higher loan defaults and funding costs. This was the second best result of the annual data series which started in 2014, with the highest ROE at 16.7% in 2019.
U.S. Treasury yields edged
higher on Tuesday as investors waited on highly anticipated
inflation data on Wednesday, which will be scrutinized for new
clues on how aggressively the Federal Reserve ...
Brazil's central bank said on Tuesday its inflation forecast for the 12 months to March 2024 is in line with its policy strategy, indicating more strongly that its aggressive monetary policy cycle may have come to an end.
Moldova's central bank has raised its 2022 inflation forecast to 34.7% from 27.3% amid rising food prices and utility tariffs, National Bank of Moldova Governor Octavian Armasu said on Tuesday. The bank has now revised its forecast twice this year.
- The Nasdaq fell on Tuesday after a dismal forecast from Micron Technology pulled chip and technology stocks lower as markets await U.S. inflation data that could lead the Federal Reserve to further tighten its aggressive plans to curb inflation.
The Nasdaq closed down on Tuesday after a dismal forecast from Micron Technology pulled chip makers and tech stocks lower as investors await U.S. inflation data that could lead the Federal Reserve to further tighten its efforts to curb inflation.
Brazil's central bank said the 12-month inflation projection for the first quarter of 2024 "is consistent with the strategy of inflation convergence to around the target over the relevant horizon", minutes from its last policy meeting showed on Tuesday.
- Canada's main stock index fell on Tuesday, with technology shares leading the move lower ahead of U.S. inflation data expected to set the tone for additional Federal Reserve interest rate increases. The Toronto Stock Exchange's S&P/TSX composite index ended down 90.87 points, or 0.5%, at 19,578.30, after four straight days of gains.
Ukraine says it has reached the required quorum for holders of the country's GDP warrants to vote on Wednesday over a consent solicitation that proposes changes to the securities, according to a regulatory filling on Tuesday.
Mexican annual inflation reached its highest level in nearly 22 years in July, official data showed on Tuesday, rising faster than expected and fueling expectations that the central bank will raise the country's benchmark interest later this week. Inflation rose to 8.15% in the year through July from 7.99% in June, national statistics agency INEGI said.
Mexican annual inflation reached its highest level in nearly 22 years in July, official data showed on Tuesday, rising faster than expected and fueling expectations that the central bank will raise the country's benchmark interest later this week. Inflation rose to 8.15% in the year through July from 7.99% in June, national statistics agency INEGI said.
The dollar turned defensive against other major currencies on Tuesday, with traders reluctant to push the greenback higher without further signs that another aggressive interest rate hikes from the Federal Reserve was coming in September.
* Euro STOXX 600 down 0.6% * Dollar hangs just off recent highs. * U.S. CPI data due on Wednesday. * Oil turns positive. By Tom Wilson. Shares slipped and the dollar hung off recent highs on Tuesday as investors eyed U.S. inflation data due a day later that will likely yield clues to any further aggressive Federal Reserve rate hikes.
Euro zone bond yields edged higher on Tuesday as traders raised bets on a half-point interest rate hike by the European Central Bank in September, also pricing a high chance of a 75-basis-point move in the United States next month. Last week's stronger-than-expected U.S. jobs data fuelled expectations of an aggressive September rate hike by the U.S. Federal Reserve and sent bond yields surging.
Sterling strengthened against a slightly weaker dollar on Tuesday, with the outlook for UK interest rates in focus after a Bank of England official flagged a further increase. BoE Deputy Governor Dave Ramsden told Reuters the bank will probably have to raise interest rates further from their current 14-year-high to tackle inflation pressures that are gaining a foothold in Britain's economy.
* MSCI's index of EM stocks flat. * Dollar weakness helps gain in some EMFX. * Kenyan shilling flat amid presidential elections. By Susan Mathew. A gauge of emerging market stocks stayed close to a five-week high on Tuesday, while currencies made small moves as investors awaited U.S. inflation data due this week to make bets on the Federal Reserve's next rate move.
* Euro STOXX 600 down 0.3% * Dollar hangs just off recent highs. * U.S. CPI data due on Wednesday. By Tom Wilson and Julie Zhu. Shares edged lower and the dollar hung off recent highs on Tuesday as investors eyed U.S. inflation data due a day later that will likely yield clues to any further aggressive Federal Reserve rate hikes.
The Bank of England would press on with plans to gradually sell its vast stock of British government bonds even if an economic slowdown eventually forces it to cut interest rates, Deputy Governor Dave Ramsden said.
China's new yuan loans are expected to fall back in July after record lending in the first half, a Reuters poll showed, but they are still likely to exceed the year earlier amount as the central bank seeks to underpin the economic recovery.
The Bank of England will probably have to raise interest rates further from their current 14 year-high to tackle inflation pressures that are gaining a foothold in Britain's economy, BoE Deputy Governor Dave Ramsden said.
Asian shares eked out modest gains on Tuesday as buyers were held back by persistent global cost pressures, with investors turning their focus this week to U.S. inflation data and the prospects for further aggressive Federal Reserve rate hikes.
Japanese government bond yields fell on Tuesday, following U.S. Treasury yields lower as investors awaited U.S. data on inflation to gauge the Federal Reserve's future monetary policy tightening plans. The key 10-year JGB yield fell one basis point 0.160%, which was the lowest level since March 9. It also touched the same level last Friday.
The Philippine economy's recovery momentum slowed in the second quarter amid high inflation, but the government is confident this year's growth target remains achievable, giving the central bank leeway to further tighten policy to curb price pressures.
Shares slipped and the dollar hung off recent highs on Tuesday as investors eyed U.S. inflation data due a day later that will likely yield clues to any further aggressive Federal Reserve rate hikes.
Asian shares were down on Tuesday as financial markets fretted about persistent global cost pressures, with investors turning their focus this week to U.S. inflation data and the prospects for further aggressive Federal Reserve rate hikes.
The dollar lurked just below
recent highs on Tuesday as traders waited for U.S. inflation
data due later in the week, which could take pressure off the
Federal Reserve and put it on the greenback if ...
Australia's central bank on Tuesday said it was launching a one-year research programme into the case for a central bank digital currency in Australia, focusing on what potential economic benefits it might bring. The Reserve Bank of Australia is partnering with the Digital Finance Cooperative Research Centre, a government-backed industry group, in the program.
Alliant Energy Corp (LNT): * WISCONSIN POWER AND LIGHT COMPANY PRICES PUBLIC OFFERING OF GREEN BONDS. * WISCONSIN POWER AND LIGHT COMPANY- PRICING OF PUBLIC OFFERING OF $600 MILLION 3.950% DEBENTURES. * WISCONSIN POWER AND LIGHT COMPANY - DEBENTURES WILL BE DUE ON SEPTEMBER 1, 2032 Source text for Eikon: Further company coverage:
- Wall Street closed mostly flat on Monday after blockbuster jobs data last week reinforced expectations the Federal Reserve will crack down on inflation, while a revenue warning from chipmaker Nvidia reminded investors of a slowing U.S. economy.
* Auto stocks up on Senate approval of bill with EV funding. * Nvidia (NVDA) slides as slump in gaming demand hits Q2 revenue. * Dow closes up 0.09%, Nasdaq down 0.1%, S&P 500 0.12% By Herbert Lash and Bansari Mayur Kamdar.
* Auto stocks up on Senate approval of bill with EV funding. * Nvidia (NVDA) slides as slump in gaming demand hits Q2 revenue. * Indexes mostly flat. By Herbert Lash and Bansari Mayur Kamdar.
* U.S. stocks inch down following Friday sell-off. * Treasury yields decline. * Oil rises 1.5%, off multi-month lows. By Lawrence Delevingne. U.S. stocks were mostly flat on Monday, the dollar weakened and U.S. government bond yields fell as investors weighed mixed messages on inflation and how aggressive the Federal Reserve will be in combating it.
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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