U.S. job growth likely picked up in January, supported by fewer layoffs in some seasonal industries, but the labor market remained sluggish as lingering uncertainty over import tariffs tempered hiring and tighter immigration enforcement constrained the supply of workers.
* Nonfarm payrolls forecast increasing 70,000 in January. * Benchmark revisions expected to confirm labor market softness. * Unemployment rate projected to have held steady at 4.4% By Lucia Mutikani.
China's yuan slipped
against the dollar on Wednesday, defying the central bank's
firmest daily guidance in three years, as softer-than-expected
consumer inflation and a reaffirmed loose ...
* January CPI up 0.2% year-on-year, below the 0.8% increase in Jan. * Entrenched producer deflation weighs on manufacturers' profits. * Underlying trends suggest domestic demand still soft, reinforce bets for more policy steps.
China's consumer prices extended a year-on-year gain ?in January while ?producer deflation softened, data from the ?National Bureau of Statistics ?showed on Wednesday. The ?producer price index fell 1.4% year-on-year, compared with a 1.9% fall in December and an expected drop ?of 1.5%.
The global economy is at an odd juncture, one that points to an ugly few years for bond markets. The fiscal picture across developed economies is deteriorating rapidly and uniformly, yet unlike previous bouts of huge government spending in the last two decades, there is no global financial crisis or pandemic requiring trillions of dollars. Far from it.
US equity indexes were mixed Tuesday after reports of weaker-than-expected retail sales data and a fall in government bond yields. * Retail sales unexpectedly remained flat in December, the US Census Bureau said Tuesday, as consumer spending did not increase despite the holiday season starting strongly.
* Retail sales unchanged and below expectations. * Labor costs slightly below estimate. * Payrolls data due on Wednesday. By Chuck Mikolajczak. U.S. Treasury yields fell on Tuesday after a round of economic data suggested the economy may be softening, giving the Fed more leeway to cut interest rates.
* US retail sales unexpectedly flat in December. * Spotify (SPOT) jumps after forecasting Q1 earnings above estimates. * Coca-Cola dips after missing Q4 revenue expectations. * Indexes: Dow up 0.24%, S&P 500 off 0.05%, Nasdaq down 0.22% By Sin?ad Carew and Twesha Dikshit.
US nonfarm payrolls are expected to rise by 67,000 in January after a 50,000-jobs gain in December, based on a survey compiled by Bloomberg, while the unemployment rate is expected to remain at 4.4%. The January employment report is due to be released at 8:30 am ET Wednesday.
Dallas Federal Reserve President Lorie Logan said on Tuesday she's "cautiously optimistic" that the Fed's current policy rate setting will get inflation headed to its 2% goal while keeping the job market stable, and that economic data in coming months will show if that hope ?bears out.
Dallas Federal Reserve President Lorie Logan said on Tuesday she's "cautiously optimistic" that the Fed's current policy rate setting will get inflation headed to its 2% goal while keeping the job market stable, and that economic data in coming months will show if that hope ?bears out.
* US household debt rises to $18.8 trillion in Q4, up $191 billion from 3Q. * Mortgage delinquencies grow in lower-income areas despite overall low rates. * Student loan delinquencies elevated at 9.6%, serious delinquency rate at 16.2% By Michael S. Derby.
While the unemployment rate in France rose by more than expected, eurozone sovereign bonds followed United States Treasuries higher on an otherwise quiet Tuesday for economic data, said Daiwa Capital Markets. In terms of economic data, the coming two days should be relatively quiet for the eurozone, noted the bank.
Federal Reserve Bank of Cleveland President Beth Hammack said on Tuesday the U.S. central bank faces no urgency to change the setting of interest rates this year amid a "cautiously optimistic" outlook for economic activity.
Morgan Stanley said it expects a 100bps cut on Thursday from Egypt's central bank. While supportive fundamentals could justify a larger 200bps move, geopolitical uncertainty and seasonal pressures around Ramadan could potentially lead to a cautious Monetary Policy Committee with a hold, stated the bank. MT Newswires does not provide investment advice.
The European Parliament gave its first major backing to the digital euro on Tuesday, endorsing the European Council's negotiating stance for a central bank digital currency with both online and offline functionality.
The European Parliament gave its first major backing to the digital euro on Tuesday, endorsing the European Council's negotiating stance for a central bank digital currency with both online and offline functionality.
US retail sales unexpectedly held steady in December, the Census Bureau said Tuesday, as consumers appeared to pull back on spending at the end of 2025 after kicking the holiday season off at a strong pace. A flat reading compares with the Bloomberg-compiled consensus that called for a 0.4% rise.
* Bessent emphasizes fair rivalry with China, avoiding decoupling. * Upcoming meetings with Chinese Vice Premier He Lifeng planned. * China must rebalance economy, address $1 trillion trade surplus, Bessent says. * U.S. and China agreed to defer rare earth export controls.
* Retail sales unchanged in December. * Core retail sales dip 0.1%; November core sales revised lower. By Lucia Mutikani. U.S. retail sales were unexpectedly unchanged in December as households scaled back spending on motor vehicles and other big-ticket items, potentially setting consumer spending and the economy on a slower growth path heading into the new year.
Overall credit troubles in the U.S. increased modestly but held at low levels during the fourth quarter as some parts of the mortgage market saw accelerated fraying, amid ongoing difficulties for student loan borrowers, the Federal Reserve Bank of New York said in a report released on Tuesday.
* US household debt rises to $18.8 trillion in Q4, up $191 billion from 3Q. * Mortgage delinquencies grow in lower-income areas despite overall low rates. * Student loan delinquencies elevated at 9.6%, serious delinquency rate at 16.2% By Michael S. Derby.
First Citizens BancShares (FCNCA) said on Tuesday its CEO Frank Holding has been appointed to the Federal ?Reserve Board of Governors' advisory council ?for 2026. Holding will represent the Fifth ?District on behalf of ?the ?Federal Reserve Bank of Richmond.
The Federal Reserve under the leadership of Kevin Warsh, President Donald Trump's nominee for Fed ?chair, will be watching to ?ensure there's no "timing mismatch" on ?employment and productivity given ?rapid ?advances in artificial intelligence, U.S. Treasury Secretary ?Scott Bessent said ?on Tuesday.
Peru's central bank is expected to stay on hold at a reference rate of 4.25% on Thursday, said Scotiabank. BCRP hasn't budged from there since last September and has held for four consecutive meetings, noted the bank.
Kenya's central bank Tuesday said its Monetary Policy Committee decided to lower the Central Bank Rate by 25 basis points to 8.75%. Kenya's overall inflation declined to 4.4% in January 2026 from 4.5% in December 2025, and remained below the mid-point of the target range of 5%, more or less 2.5 percentage points, noted the central bank.
Wall Street's main indexes opened higher on Tuesday after a ?sharp rally in the ?previous session as tech ?stocks bounced ?off a ?bruising rout, while investors ?parsed retail ?sales figures that kicked off a ?series of ?crucial ?economic data releases this week.
Wall Street's main indexes opened higher on Tuesday after a ?sharp rally in ?the previous session as tech ?stocks bounced ?off a ?bruising rout, while investors ?parsed retail sales ?figures that kicked off a ?series of ?crucial economic ?data releases this week.
South African President Cyril Ramaphosa expressed his country's support for efforts ?to end the Russia-Ukraine conflict ?in a phone call with ?Russian President Vladimir ?Putin on ?Tuesday, Ramaphosa's office said. "The two ?leaders also discussed ?cooperation in key international fora such as ?BRICS and ?the ?G20," South Africa's presidency said in a statement.
By Jamie McGeever. The global economy is at an odd juncture, one that points to an ugly few years for bond markets. The fiscal picture across developed economies is deteriorating rapidly and uniformly, yet unlike previous bouts of huge government spending in the last two decades, there is no global financial crisis or pandemic requiring trillions of dollars. Far from it.
RALEIGH, N.C., Feb. 10, 2026 First-Citizens Bank & Trust Company, the wholly owned banking subsidiary of First Citizens BancShares, Inc. (FCNCA), announced today?that Chairman and CEO Frank Holding has been appointed to the Federal Reserve Board of Governors' Federal Advisory Council for 2026.
The quarterly US employment cost index rose by 0.7% in Q4, slower than the 0.8% gain in the previous quarter, the US Bureau of Labor Statistics reported on Tuesday. This was below the consensus expectations of a 0.8% gain in a survey compiled by Bloomberg. Benefits costs rose by 0.7% in the quarter after a 0.8% gain in previous quarter, the same as for wage growth.
U.S. retail sales were unexpectedly unchanged in December as households scaled back spending on motor vehicles and other big-ticket items, potentially setting consumer spending and the economy on a slower growth path heading into the new year.
U.S. retail sales were unexpectedly unchanged in December, putting consumer spending and the overall economy on a slower growth path heading into the new year. The flat reading in retail sales last month followed ?an unrevised 0.6% increase in November, the Commerce Department's Census Bureau on Tuesday.
US retail sales were virtually steady in December, below a 0.4% increase expected in a survey compiled by Bloomberg and following the previous month's 0.6% gain. Excluding a 0.2% decrease in motor vehicle sales, retail sales were still flat compared with an expected 0.4% gain.
ROSELAND, N.J., Feb. 10, 2026 For the four weeks ending January 24, 2026, U.S. private employers added an average of 6,500 jobs per week, according to the NER Pulse, a weekly update of the monthly ADP National Employment Report?.?. Job gains edged up from the previous week. This week's NER Pulse reflects our January benchmark to March 2025 QCEW data.
Things were looking up in Canada near the end of 2025, but roughly two months later, things looked very different, said National Bank of Canada. Hiring has come back to earth and measures of labor demand remain depressed, noted the bank. Even inflation, which had been running warm, has cooled off "materially" in recent months, pointed out National Bank.
AtlasClear Holdings, Inc. (ATCH), a financial technology holding company focused on building a modern, regulated financial services platform, today announced that it has entered into a definitive Share Purchase Agreement, replacing the previous merger agreement, to acquire all of the outstanding shares of Commercial Bancorp, a Wyoming corporation and the parent company of Farmers State Bank, a profita...
The US dollar rose against its major trading partners early Tuesday, except for a decline versus the yen, ahead of a busy day of economic data releases, starting with retail sales and import and export price data for December and the employment cost index for Q4, all at 8:30 am ET.
Sterling dropped against the dollar and the euro on Tuesday as a broad selloff of the U.S. currency faded, while concerns about British politics and the path of Bank of England monetary policy continued to weigh.
Greek industrial output rose by 3.9% year-on-year in December, after after an upwardly revised 4.3% increase in ?November, data from statistics service ELSTAT ?showed on Tuesday. A breakdown of index ?components showed manufacturing production rose ?3.8% ?from the same month in 2024.
U.S. tariffs are weighing on euro zone growth and inflation but the most affected sectors are also sensitive to interest rates, so cutting borrowing costs could offset the downward price pressures, a European Central Bank blog post said ?on Tuesday.
* EM stocks up 0.7%, FX flat. * Turkish industrial production drops 2.1% in December. * Hungary's forint slips from over 2-year peak. By Pranav Kashyap. - Most central and eastern European currencies held their ground on Tuesday, while regional stocks were mixed as investors braced for a data-heavy week.
* Tariffs lower euro zone inflation by reducing demand, outweighing supply effects. * ECB economists' study shows sectors hit by tariffs are sensitive to interest rate changes. * Euro zone exports to US down 6.5% year-on-year in latest 3 months, affecting inflation.
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.
Log In Required
Publication Date