Euro zone yields rose on Monday after U.S. President Donald Trump swiftly rejected Iran's response to a U.S. peace proposal, driving up oil prices and bolstering expectations that inflation will force the European Central Bank to tighten policy.
* US CPI due on Tuesday. * Trump and China's Xi set for talks. * India's Modi urges pause on gold purchases. By Ashitha Shivaprasad. Gold prices reversed course to edge up on Monday in volatile trading, as investors assessed developments in U.S.-Iran diplomacy and awaited key U.S. inflation data due later this week.
U.S. existing home sales rebounded less than expected in April, and could struggle to gain altitude as mortgage rates remain elevated and rising inflation squeezes household budgets. Prospective homeowners have largely been priced out, with the report from the National Association of Realtors on Monday showing listed houses were staying longer on the market relative to the same period last year.
* Elevated mortgage rates squeezing affordability, limiting sales growth. * Sales up in South and Midwest regions, down in West, flat in Northeast. * Inventory rises but stays below pre-pandemic levels; share of first-time buyers slips.
Global investment firm Carlyle reported a decline in the value of one of its private credit funds in the first quarter, which it attributed to higher interest rates facing borrowers in its portfolio, the fund said Monday. Carlyle Secured Lending (CGBD) reported its net asset value per share declined to $15.89 at the end of March, which is roughly 2.3% lower than the previous quarter.
* Fed expected to hold rates as oil-driven inflation risks assessed. * April jobs data beats forecasts, reducing likelihood of near-term rate cuts. * Upcoming CPI and PPI data, plus $125 billion in Treasury auctions, in market focus. By Karen Brettell.
Federal Home Loan Mortgage Corp (FMCC) : * FREDDIE MAC ANNOUNCES RESULTS OF TENDER OFFER FOR CERTAIN STACR NOTES. * FREDDIE MAC - ABOUT $1.4 BILLION PRINCIPAL AMOUNT OF NOTES TENDERED AS OF MAY 8, 2026 Source text: Further company coverage:
* US inflation data due this week. * Trump and China's Xi set for talks. * India's Modi urges pause on gold purchases. By Ashitha Shivaprasad. Gold prices fell on Monday as U.S. President Donald Trump's swift rejection of Iran's response to a peace proposal stoked inflation concerns and weighed on the outlook for interest rates. Spot gold was down 0.5% at $4,692.49 per ounce, as of 8:45 a.m. EDT.
Rithm Capital Corp (RITM): * Rithm Capital Corp (RITM). ANNOUNCES PROPOSED OFFERING OF SENIOR UNSECURED NOTES. * Rithm Capital Corp (RITM) - TO OFFER $500 MILLION SENIOR UNSECURED NOTES DUE 2031 Source text: Further company coverage:
China's central bank will continue to implement an appropriately loose monetary policy, and strengthen financial support for expanding domestic demand and scientific and technological innovation, it said in a report released on Monday.
Brazil central bank poll: * BRAZIL ECONOMISTS SEE ANNUAL IPCA INFLATION INDEX REACHING 4.91% IN 2026 VERSUS 4.89% IN PREVIOUS ESTIMATE - CENBANK POLL. * BRAZIL ECONOMISTS SEE ANNUAL IPCA INFLATION INDEX REACHING 4.00% IN 2027 VERSUS 4.00% IN PREVIOUS ESTIMATE - CENBANK POLL. * BRAZIL ECONOMISTS SEE YEAR-END 2026 INTEREST RATE SELIC AT 13.00% VERSUS 13.00% IN PREVIOUS ESTIMATE - CENBANK POLL.
Private-sector members of Japan's key economic advisory panel urged the Bank of Japan on Monday to be cautious about the risk of funding strains on smaller firms from prolonged tensions in the Middle East.
* Prolonged supply disruptions could boost funding needs at smaller firms. * Contracts for bank commitment lines post biggest jump since 2020 pandemic, BOJ data shows. * Higher borrowing costs could help lift yen but squeeze funding conditions. By Makiko Yamazaki.
Greek industrial output rose by 8.3% year-on-year in March, after an upwardly revised 2.3% increase in February, data from statistics service ELSTAT showed on Monday. A breakdown of index components showed manufacturing production rose 5.5% from the same month in 2025.
* Trump calls Iran's response to US peace proposal 'unacceptable' * Brent crude oil rises above $103 a barrel. * Trump, Xi to discuss Iran among other topics later this week. * U.S. April CPI data due on Tuesday. By Noel John.
Alphabet, the parent company of Google, is considering selling Japanese yen bonds, according to a bookrunner's message seen by Reuters. A deal could consist of a senior unsecured bond and would be subject to market conditions, the message said.
Euro zone yields rose on Monday after U.S. President Donald Trump's swift rejection of Iran's response to a U.S. peace proposal sent oil prices surging and underscored worries that inflation will force meaningful rate hikes from the European Central Bank.
BofA Global Research and Goldman Sachs (GS) are the latest brokerages to revise their U.S. Federal Reserve rate calls to later dates, citing elevated inflation due to high energy prices and growing strength in the labor market.
The European Central Bank will need to adjust interest rates soon if the inflationary outlook does not significantly improve, ECB governing council member Martin Kocher was quoted as saying on Monday. Speaking to Switzerland's Neue Zuercher Zeitung newspaper, Kocher said it did not make sense to anticipate the ECB's next rate move weeks before its next monetary policy decision.
* Producer price index highest since July 2022 on commodity price gains. * Consumer prices rise 1.2% y/y as gasoline and gold jewellery prices surge. * Inflation unlikely to lead to policy moves, analysts say. By Yukun Zhang and Liz Lee.
Japan's Nikkei share average touched a record high early on Monday before erasing gains as the Middle East crisis outweighed optimism over corporate earnings and technology investment. The benchmark Nikkei 225 Index edged 0.1% lower to 62,666.57, after jumping to an all-time high of 63,385.04 earlier in the session.
China's producer prices rose for a second straight month in April and hit a 45-month high, official data showed on Monday, indicating that global energy price shocks stemming from the Middle East war continued to drive up costs for manufacturers.
The Bank of Japan said on Monday it appointed Kazuhiro Masaki, a veteran career central banker with expertise on monetary policy, as executive director overseeing its international affairs. Masaki, who has extensive experience drafting monetary policy, assumed the position on Saturday. He succeeded Seiichi Shimizu, who would stay on as special adviser at the central bank until May 21.
China's export growth gathered pace in April as factories raced to meet a wave of orders from AI-related industries and other buyers seeking to stockpile components amid fears the Iran war could push global input costs even higher.
Japan is wagering that a hawkish shift at the Bank of Japan and an endorsement from U.S. Treasury Secretary Scott Bessent can give yen-buying intervention extra bite and help slow the embattled currency's slide.
* CPI, PPI, retail sales highlight US economic data. * Strong Q1 earnings season fuels rally; Cisco (CSCO), Applied
Materials (AMAT) due in week ahead. * Trump-Xi meeting set for end of week. By Lewis Krauskopf.
China's export growth gathered pace in April as factories raced to meet a wave of orders from AI-related industries and other buyers seeking to stockpile components amid fears the Iran war could push global input costs even higher.
China's export growth gathered pace in April as factories raced to meet a wave of orders from AI-related industries and other buyers seeking to stockpile components amid fears the Iran war could push global input costs even higher.
China's export growth gathered pace in April as factories raced to meet a wave of overseas orders from buyers seeking to stockpile components amid fears the Iran war could push global input costs even higher. Exports expanded 14.1% from a year earlier in U.S. dollar value terms, customs data showed on Saturday, outpacing the 2.5% gain in March and a 7.9% rise tipped by economists.
* US job growth beats expectations, S&P, Nasdaq hit records. * Intel shares surge on Apple (AAPL) deal report. * Brent hovers near $100/barrel on renewed Mideast hostilities. * U.S. consumer sentiment slumps. By Lawrence Delevingne and Samuel Indyk.
The ongoing war with Iran and its shock to oil prices and supplies have rocketed to the top of the list of concerns for financial stability, according to a semi-annual Federal Reserve report released on Friday.
* Fed report highlights inflation, growth risks from prolonged Middle East conflict and oil shock. * AI, private credit flagged as emerging financial stability concerns by survey respondents. * Fed says private credit risks are currently manageable, but warns of potential credit tightening. By Pete Schroeder.
U.S. job growth topped expectations for a second straight month in April - and by a hefty margin - while the unemployment rate held steady, showing the labor market is resilient in the face of the U.S.-Israeli war on Iran and the inflation pressures it has created. But looking beyond that headline figure, the job market is far from booming.
* US job growth beats expectations, S&P, Nasdaq hit records. * Intel shares surge on Apple (AAPL) deal report. * Brent hovers near $100/barrel on renewed Mideast hostilities. * U.S. consumer sentiment slumps. By Lawrence Delevingne and Samuel Indyk.
PPL Corp (PPL) on Friday underscored rising data-center power demand, citing a strong pipeline of requests and future load growth, as it narrowly beat first-quarter profit estimates, helped by higher retail rates in Kentucky. U.S. electricity demand hit record levels in 2025 and is expected to accelerate further as Big Tech firms ramp up power usage at fast-growing data centers.
Fitch: * FITCH UPGRADES GHANA TO 'B'; OUTLOOK POSITIVE. * FITCH: GHANA'S ACCOUNT SURPLUS WILL REMAIN STRONG IN 2026. * FITCH: EXPECT GHANA'S REAL GDP GROWTH WILL REMAIN SOLID THROUGH 2027. * FITCH: UPGRADE ON GHANA RATINGS REFLECTS SHARP FALL IN PUBLIC DEBT/GDP, SUPPORTED BY REAL GDP GROWTH.
* US job growth beats expectations, S&P gains 0.8% * Brent hovers near $100/barrel on renewed Mideast hostilities. * U.S. consumer sentiment slumps. By Lawrence Delevingne and Samuel Indyk. Global equities were mixed on Friday as new U.S. data showed domestic job growth, although consumer sentiment fell and oil prices remained elevated on continued fighting near the Strait of Hormuz.
* Canadian dollar falls 0.2% against the greenback. * Touches its weakest level since April 29 at 1.3710. * Canada's economy sheds 17,700 jobs in April. * Bond yields ease across a steeper curve. By Fergal Smith.
Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday that April hiring data shows more stability in the employment sector amid worrisome developments on the inflation front. The job market has been "stable without being good" and "I still think there's not a lot of evidence that the job market is falling apart," the official said in a CNBC interview.
Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday that April hiring data shows more stability in the employment sector amid worrisome developments on the inflation front. The job market has been "stable without being good" and "I still think there's not a lot of evidence that the job market is falling apart," the official said in a CNBC interview.
Goldman Sachs reported a decline in its private credit fund's value for the first quarter, as it saw an increase in unrealized losses and mark-downs in its portfolio, the fund said Friday.
Goldman Sachs (GS) reported a decline in its private credit fund's value for the first quarter, as it saw an increase in unrealized losses and mark-downs in its portfolio, the fund said Friday.
U.S. consumer sentiment slumped to a record low in early May as higher gasoline prices weighed on household finances and purchasing power, a survey showed on Friday. The University of Michigan's Surveys of Consumers said its Consumer Sentiment Index fell to an all-time low of 48.2 this month from a final reading 49.8 in April.
Bank of England Governor Andrew Bailey said on Friday he expected there to be a "wrestle" between the United States and international regulators on the treatment of stablecoins, a form of cryptocurrency he sees as a potential threat to financial stability.
Bank of England Governor Andrew Bailey said on Friday he expected there to be a "wrestle" between the United States and international regulators on the treatment of stablecoins, a form of cryptocurrency he sees as a potential threat to financial stability.
U.S. employment increased more than expected in April while the unemployment rate held steady at 4.3%, pointing to labor market resilience and reinforcing expectations that the Federal Reserve would leave interest rates unchanged for some time.
Strong U.S. hiring data in April dealt prospective Federal Reserve Chair Kevin Warsh's hopes of cutting interest rates a setback on Friday, giving officials greater latitude to use monetary policy to tackle increasingly high inflation. The U.S. economy added 115,000 jobs in April, exceeding analysts' forecasts, following an upwardly revised job gain of 185,000 in March.
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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