- U.S. stock index futures were muted on Tuesday after the S&P and the Nasdaq notched record high levels in the last session, with focus on a crucial jobs report later this week along with more data and commentary from Federal Reserve officials.
- U.S. stock index futures were muted on Tuesday after the S&P and the Nasdaq notched record high levels in the last session, with focus on a crucial jobs report later this week along with more data and commentary from Federal Reserve officials.
* Futures: Dow down 0.01%, S&P 500 up 0.04%, Nasdaq down 0.02% U.S. stock index futures were muted on Tuesday after the S&P and the Nasdaq notched record high levels in the last session, with focus on a crucial jobs report later this week along with more data and commentary from Federal Reserve officials.
* Fed likely to deliver 25bp rate cut in Dec -UBS. * US job openings data due at 1500 GMT. * Fed's Waller says inclined to cut rates in December. * Benchmark US 10-year Treasury yields near late Oct lows. By Daksh Grover.
Import tariffs expected to be implemented by the administration of U.S. President-elect Donald Trump could lower economic growth and inflation in the 20 nations sharing the euro, European Central Bank board member Piero Cipollone said on Tuesday. Most economists agree that the possible tariffs would impact growth, though views diverge on the effect on consumer prices.
Swiss inflation rose less than expected in November, official data showed on Tuesday, boosting bets for a bigger interest rate cut by the Swiss National Bank next week. Swiss annual inflation advanced to 0.7% in November from 0.6% the previous month, according to figures from the Federal Statistics Office.
Japanese government bond yields hovered in a tight range on Tuesday, as an auction for 10-year bonds made few waves amid heightened expectations that the Bank of Japan will raise interest rates this month. The 10-year JGB yield rose to as high as 1.085% but was last flat at 1.075% after the auction, while 10-year JGB futures rose 0.05 points to 142.87 yen.
On Monday, Federal Reserve Governor Christopher Waller indicated he is ?leaning toward? supporting an interest rate cut at the central bank?s December meeting while acknowledging recent inflation data has raised concerns about price pressures stalling above the Fed?s 2% target.
Gold prices edged higher on Tuesday, supported by growing expectations of a U.S. interest rate cut this month, as focus shifted to upcoming economic data for additional insights. FUNDAMENTALS. * Spot gold was up 0.1% at $2,642.42 per ounce, as of 0103 GMT, after falling as much as 1% on Monday.
Federal Reserve Bank of New York President John Williams said on Monday that while it was clear interest rates are likely go down over time, he could not yet say what the central bank's next move will be.
Federal Reserve Bank of New York President John Williams said on Monday the U.S. central bank is likely to lower its interest rate target further over time as inflation pressures continue to cool.
Federal Reserve Bank of New York President John Williams said on Monday the U.S. central bank is likely to lower its interest rate target further over time as inflation pressures continue to cool.
AMESBURY, Mass. The repurchase program was adopted following the receipt of non-objection from the Federal Reserve Bank of Boston. The repurchase program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.
* Brent and WTI rose more than 1% earlier in the session. * China's factory activity expands in November. * Atlanta Fed President says open mind about whether to cut rates. * OPEC+ to discuss oil policy on Dec. 5. By Arathy Somasekhar.
Federal Reserve Gov. Christopher Waller, a Trump appointee, said that while recent inflation readings are concerning, monetary policy would remain restrictive even if the central bank cuts interest rates by another quarter-point this month.
Federal Reserve Governor Christopher Waller, whose views are often a bellwether for U.S. monetary policy, said on Monday that with inflation still forecast to fall to 2% he is inclined "at present" to support another interest rate cut later this month.
- Atlanta Federal Reserve President Raphael Bostic said on Monday he has an open mind about whether to cut interest rates again at the Fed's December meeting, with upcoming data on jobs important in shaping the decision. "There is a lot of uncertainty," Bostic said in comments to reporters.
ING reports outcome of 2024 EU-wide Transparency Exercise ING Groep N.V. (ING) notes the announcements made by the European Banking Authority and the European Central Bank regarding the information of the 2024 EU-wide Transparency Exercise and fulfilment of the EBA Board of Supervisors? decision.
* Manufacturing PMI increases to 48.4 in November. * New orders gauge above 50 for the first time in eight months. * Potential tariffs on Chinese imports worry manufacturers. * Construction spending increases 0.4% in October. By Lucia Mutikani.
U.S. Treasury yields rose on Monday as data showed manufacturing activity improved in November, with orders growing for the first time in eight months and factories facing significantly lower prices for inputs. The yield on the benchmark U.S. 10-year Treasury note rose 2.7 basis points to 4.221%, paring back an earlier sharper rise.
The U.S. manufacturing sector showed signs of improvement in November, yet it failed to avoid another month of contractionary conditions. The Manufacturing Purchasing Managers? Index rose from October?s 46.5% to 48.4% in November, exceeding analyst expectations of 47.5%, as tracked by TradingEconomics.
* Dollar up 0.7%, set for it best day in nearly 4 weeks. * Expect choppy, consolidative gold market into year-end - analyst. * Most brokerages see 25-bps rate cut in December. * US ADP employment report, non-farm payrolls due this week. By Sherin Elizabeth Varghese.
U.S. construction spending increased more than expected in October, boosted by single-family homebuilding. The Commerce Department's Census Bureau said on Monday construction spending rose 0.4% after an unrevised 0.1% gain in September.
U.S. construction spending increased more than expected in October, boosted by single-family homebuilding. The Commerce Department's Census Bureau said on Monday construction spending rose 0.4% after an unrevised 0.1% gain in September.
Brazil's incoming central bank chief said on Monday that the current scenario points to "higher interest rates for longer," while also emphasizing continued exchange rate policy focused on intervening only during times of dysfunction.
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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