Central European currencies retreated slightly on Tuesday, with the forint easing 0.2% ahead of a Hungarian central bank meeting, which is expected to keep rates on hold, although investors are ...
* Dollar hovers near two-month low. * U.S. employment data due on Tuesday. * Palladium climbs to 2-month peak, platinum at 14-year high. By Sarah Qureshi. Spot gold rose to hover near a seven-week peak on Monday, bolstered by a softer dollar and expectations of U.S. interest rate cuts ahead of key jobs data, while silver held below a record high hit on Friday.
* * BoJ policy decision in focus as a rate hike is priced in. * US data could reinforce expectations for a Fed pause in January. * Yuan hits 15-month high against dollar. By Stefano Rebaudo and Gregor Stuart Hunter.
Euro zone business activity growth slowed more than expected at the end of 2025 as a contraction in manufacturing deepened while the expansion in the dominant services industry eased, a survey showed. The common currency bloc remained resilient for most of the year despite higher U.S. tariffs and elevated global uncertainties.
India's private sector activity expanded at its weakest pace in 10 months in December on a slowdown in new orders and hiring slowed to a near-standstill, according to a survey of private businesses on Tuesday. HSBC's Flash India Composite Purchasing Managers' Index, compiled by S&P Global, fell to 58.9 this month from 59.7 in November, marking the lowest reading since February.
The non-bank financial sector's share of global assets grew to 51%, or $256.8 trillion, last year and expanded at double the rate of the traditional banking industry, the Financial Stability Board said on Tuesday.
Euro zone bond yields were steady on Tuesday as traders awaited the currency bloc's composite PMIs and a closely watched U.S. jobs report for a potential steer on the Federal Reserve's policy outlook. A European Central Bank policy meeting is due later in the week, with the Bank of England and Bank of Japan also set to deliver rate decisions.
* Combined non-farm payrolls for October and November due Euro steady as markets weigh prospects for Ukraine peace deal Greenback weakest against Chinese yuan since October 2024. By Gregor Stuart Hunter.
* Fed Governor Stephen Miran says inflation closer to 2% target. * US Nov non-farm payrolls, unemployment rate data due at 1330 GMT. * US weekly jobless claims, PCE data due on Friday. By Ishaan Arora and Sherin Elizabeth Varghese.
* Investors await US jobs and inflation data for rate-cut clues. * Bitcoin at two-week lows as risk-off mood takes hold. * Focus on BoE, ECB, BOJ policy decisions this week. By Ankur Banerjee.
A look at the day ahead in European and global markets from Ankur Banerjee. Investors have hunkered down, unwilling to take on risky bets, ahead of a clutch of economic data from across the globe and central bank meetings in what is shaping up to be an eventful last full week of the year.
A look at the day ahead in European and global markets from Ankur Banerjee. Investors have hunkered down, unwilling to take on risky bets, ahead of a clutch of economic data from across the globe and central bank meetings in what is shaping up to be an eventful last full week of the year.
* Nonfarm payrolls are forecast increasing 50,000 in November. * Employment is expected to have declined in October due to federal government job losses. * Unemployment rate is estimated to come in at 4.4% in November. * There will be no jobless rate for October because the government shutdown prevented the collection of data. By Lucia Mutikani.
Japanese government bonds barely budged on Tuesday as traders mainly remained on the sidelines ahead of crucial U.S. jobs figures later in the day, and a Bank of Japan policy decision this week. The yield on 10-year JGBs was flat at 1.955%, as of 0405 GMT. Benchmark 10-year JGB futures were also little changed at 133.40 yen. Yields move inversely to bond prices.
* US dollar at near two-month lows. * Fed Governor Stephen Miran says inflation closer to 2% target. * US Nov non-farm payrolls, unemployment rate data due at 1330 GMT. By Ishaan Arora. Gold prices edged higher on Tuesday, supported by a softer dollar, as investors awaited the release of key U.S. jobs data that could shape expectations for the Federal Reserve's policy path in the new year.
The Commonwealth Bank of
Australia (CBAUF) and the National Australia Bank (NAUBF), two of the country's four major banks, now expect the central bank to hike interest rates in February next year as inflation picks up in a capacity-constrained economy.
Asian equities tumbled while the dollar drifted near two-month lows on Tuesday, as investors adopted a cautious approach ahead of a slate of U.S. data, including the jobs report, that may help gauge the trajectory for Federal Reserve policy next year.
* Investors await US jobs and inflation data for rate cut clues. * Bitcoin at two-week lows as risk off mood spreads. * Focus on BoE, ECB, BOJ policy decisions this week. By Ankur Banerjee.
Gold prices edged higher on Tuesday, supported by expectations of a U.S. interest rate cut in January, as investors awaited key jobs data due later in the day, while silver hovered near record highs hit last week. FUNDAMENTALS. * Spot gold was up 0.1% at $4,304.92 per ounce, as of 0103 GMT.
Economists at the Commonwealth Bank of Australia (CBAUF) now expect the Reserve Bank of Australia will hike interest rates in February next year as inflationary pressures pick up amid a capacity constrained economy.
Japan's manufacturing activity contracted at a slower pace while the service sector lost some steam in December, private-sector surveys showed, weighing on the economy at the end of 2025.
* Combined non-farm payrolls for October and November due Euro steady as markets weigh prospects for Ukraine peace deal Greenback weakest against Chinese yuan since October 2024. By Gregor Stuart Hunter.
Australia's consumer sentiment slid in December after turning positive for the first time in four years the previous month, as households grappled with renewed angst over inflation and the interest rate outlook, a private survey showed on Tuesday. A Westpac-Melbourne Institute survey showed its main index of consumer sentiment fell 9% to 94.5 in December, after surging 12.8% the month before.
Caution weighed on Wall Street on Monday as investors awaited Tuesday's U.S. jobs report, while underlying selling pressure and uncertainty over who will be nominated to replace Federal Reserve Chair Jerome Powell eroded earlier gains in Treasuries. More on that below. If you have more time to read, here are a few articles I recommend to help you make sense of what happened in markets today.
Caution weighed on Wall Street on Monday as investors awaited Tuesday's U.S. jobs report, while underlying selling pressure and uncertainty over who will be nominated to replace Federal Reserve Chair Jerome Powell eroded earlier gains in Treasuries. More on that below. If you have more time to read, here are a few articles I recommend to help you make sense of what happened in markets today.
US stocks started the week lower as investors awaited key economic data to be released later this week, including the November employment report. The Nasdaq Composite fell 0.6% to 23,057.4, closing lower for a third consecutive session. Most sectors ended higher, led by health care, while technology saw the steepest decline. The government's nonfarm payrolls report for November is out on Tuesday.
* TSX ends down 0.1%, at 31,843.44. * Inflation rate holds at 2.2% in November. * Energy falls 1.4% as oil settles 1.1% lower. * Financials gain 0.5% By Fergal Smith. Canada's main stock index edged lower on Monday as a drop in oil prices weighed on energy shares and despite domestic inflation data that tempered expectations that the Bank of Canada would hike interest rates next year.
The Toronto Stock Exchange closed lower again on Monday, falling for a second day from Thursday's record high on weak commodity prices while investors found little inspiration in November CPI data that came in softer than expected, even as underlying pressures persist, and November home sales that remained flat.
* Investors await jobs, inflation data amid Fed rate cut concerns. * Fed divided over rate cuts due to labor market and inflation. * Supreme Court may limit Trump's authority over Federal Reserve. By Karen Brettell.
* Trio of central banks to announce rate decisions. * US non-farm payrolls and inflation data due. * Yen rises while pound loses ground. * US dollar index edges lower, bitcoin continues losing streak. By Chibuike Oguh and Amanda Cooper.
* Equities little changed as investors pause ahead of big week. * Central banks including ECB, BOJ, BOE, Riksbank and Norges Bank due to meet. * Investors await delayed US data including jobs and inflation. * Bitcoin falls over 2%, US crude futures settle down 1% By Sin?ad Carew and Lawrence White.
US nonfarm payrolls are expected to rise by 50,000 in November after a 119,000-jobs gain in September, the most recent month that data was available for, based on a survey compiled by Bloomberg. The November employment report is due to be released at 8:30 am ET Tuesday and will include October establishment survey data, but not household survey data for October that was not able to be calculated.
Fed Governor Stephen Miran said that shelter prices remain elevated due to supply/demand imbalances from two to four years ago and the FOMC should be focused on the outlook for inflation, not fixing issues in the past.
The Atlanta Federal Reserve said on Monday it had begun the process for choosing a replacement for outgoing President Raphael Bostic, with plans to hire an executive search firm to assemble "a large pool of candidates who have meaningful ties to the Sixth Federal Reserve District."
The Canadian inflation print in November was generally more moderate than consensus expectations, with the overall consumer price index posting annual growth of 2.2%, while the median consensus among economists was 2.3%, said National Bank of Canada.
Federal Reserve Governor Stephen Miran said Monday that core inflation is likely closer to the US central bank's 2% target than what official data suggest. The President Donald Trump ally was one of the three Federal Open Market Committee members who dissented from the majority in last week's move to cut interest rates by 25 basis points.
Canadian core inflation gauges for November came in softly, even as the headline consumer price index roughly matched expectations, said Scotiabank. Canada's November CPI was 0.1% month over month and 2.2% year over year based on data released on Monday.
National Bank of Canada said it sees likely changes in policy rates at the Federal Reserve and Bank of Canada. For nearly the past decade, the two central banks have moved directionally in tandem, but that's due to change in 2026, noted National Bank. The bank sees the Fed continuing to ease early in the year, while the BoC will remain on hold before starting to increase policy in the fall.
The U.S. Bureau of Labor Statistics on Tuesday releases its long-awaited combined employment reports for October and November, but a number of key details will be missing after the government shutdown prevented data collection, including October's unemployment rate, resulting in the first-ever gap in that critical data series.
Federal Reserve Bank of Boston President Susan Collins said Monday a changing inflation outlook tilted her toward supporting last week's central bank interest rate cut. "I supported last week's {Federal Open Market Committee) decision to lower the target range for the federal funds rate by 25 basis points, although for me, it was a close call," Collins said in a statement from her bank.
The U.S. Bureau of Labor Statistics on Tuesday releases its long-awaited combined employment reports for October and November, but a number of key details will be missing after the government shutdown prevented data collection, including October's unemployment rate, resulting in the first-ever gap in that critical data series.
Federal Reserve Bank of Boston President Susan Collins said Monday a changing inflation outlook tilted her toward supporting last week's central bank interest rate cut. "I supported last week's {Federal Open Market Committee) decision to lower the target range for the federal funds rate by 25 basis points, although for me, it was a close call," Collins said in a statement from her bank.
* Equities little changed as investors pause ahead of big week. * Central banks including ECB, BOJ, BOE, Riksbank and Norges Bank due to meet. * Investors await delayed US data including jobs and inflation. * Bitcoin falls, oil down more than 1% By Sin?ad Carew and Lawrence White.
* Zelenskiy, US envoys, and European leaders meeting in Berlin. * Sanofi falls as it expects a delayed FDA decision on the drug. * Argenx down after halt to eye disease studies for efgartigimod. By Ragini Mathur and Purvi Agarwal.
Canadian consumer prices rose 0.1% month over month in November, or 0.2% in seasonally adjusted terms, a bit lower than expected and mild enough to hold the annual inflation rate steady at 2.2%, said Bank of Montreal.
* Trio of central banks to announce rate decisions. * US non-farm payrolls and inflation data due. * Yen rises while pound and euro hold steady. * US dollar index edges lower. By Chibuike Oguh and Amanda Cooper.
NEW YORK, NY / ACCESS Newswire / December 15, 2025 / For more than a century, the global financial system has rested on an unchallenged assumption. That blind spot has persisted because the system was built on trust, paperwork, and inertia. That era is ending, and it will not end quietly.
Canadian existing home sales declined 0.6% month over month in November, partially reversing October's 1% month-over-month gain, said TD after Monday's data from the Canadian Real Estate Association. Ontario and Quebec, drove the national decline, noted the bank.
* Citi expects the ECB to downplay undershooting inflation projections. * Investors on hold before US jobs and inflation data, says UBS. * German Federal Finance Agency auction calendar in focus. By Stefano Rebaudo.
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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