In FY 2025, the Securities and Exchange Commission's Examination Division will be closely monitoring for compliance with MSRB Rule G-42 on the core standards of municipal advisors, in addition to enforcing the T+1 settlement cycle.
It is possible that inflation will come down faster than expected, a European Central Bank policymaker said Tuesday. When it comes to inflation moving back to target, "it's quite likely it will be coming down faster" than forecast, ECB policymaker Robert Holzmann said on Tuesday at a Bloomberg event in New York.
Hungary's forint firmed
against the euro on Thursday after the central bank left its
base rate unchanged, as widely expected, and said it could keep
the rate at the current level for a prolonged ...
DETROIT, Oct. 22, 2024 True Market, a pioneer of financial technology, today announced a strategic collaboration with?PIMCO, a global investment management firm, leveraging True Market's advanced virtual private ATS technology and Software as a Service solutions.
The Bank of England needs to improve the ways it is able to track developments in the non-banking system, which is less transparent relative to the banking system, Bank of England Governor Andrew Bailey said Tuesday.
Falling interest rates should ease the pressures created by high government borrowing levels, Dutch European Central Bank governing council member Klaas Knot said Tuesday. "Interest rates are coming down again so that should make debt serve burdens a little more sustainable," Knot said at an event held by Bloomberg in New York.
U.S. stock indexes opened lower on Tuesday, as rising Treasury yields pressured rate-sensitive shares, while investors parsed the latest set of company results to gauge the health of major corporations.
The European Central Bank needs to improve how it communicates policy intentions and uncertainty, but copying the U.S. Federal Reserve's "dot plot" projection method is not a desirable option, Bundesbank President Joachim Nagel said on Tuesday.
By RoboForex Analytical Department The AUD/USD pair is attempting a recovery toward 0.6681, though the prospects seem uncertain as the pair remains near a six-week low. Despite ongoing expectations for interest rate cuts by the US Federal Reserve in November and December, signs of stability in the US economy further bolster the US dollar.
GDP in Latin America and the Caribbean is set to grow 2.1% this year, three-tenths of a percentage point more than projected in July, the International Monetary Fund said on Tuesday, after revising growth forecasts for the region's two largest economies.
Confidence improved in North America over the last quarter, but uncertainty is extremely elevated amid geopolitical developments and the upcoming U.S. election NEW YORK and?MONTVALE, N.J., Oct. 22, 2024 /PRNewswire/ -- The latest ACCA and IMA??Global Economic Conditions Survey suggests that global confidence among accountants and finance professionals declined moderately in Q3 and is now at...
- The global transition toward electric vehicles will have "far-reaching" impacts on investment, production, international trade and employment, the International Monetary Fund said on Tuesday as part of its update to global economic growth forecasts.
The U.S. economy will continue to provide most of the thrust for global growth through the balance of this year and in 2025, led by robust consumer spending that has held up through a wrenching bout of inflation and the high interest rates used to tame it, the International Monetary Fund said on Tuesday.
* US, Brazil, Britain growth forecasts for 2024 raised. * Forecasts for China, Japan, euro zone lowered. * Wars, new trade conflicts pose threat to global economy. By David Lawder.
GDP in Latin America and the Caribbean is set to grow 2.1% this year, three-tenths of a percentage point more than projected in July, the International Monetary Fund said on Tuesday, after revising growth forecasts for the region's two largest economies.
New offering equips students with advanced quantitative skills to tackle global economic challenges The Fletcher School, the graduate school of global affairs at Tufts University, has launched a STEM-designated track in International and Development Economics as part of its renowned Master of Arts in Law and Diplomacy program.
CTBC Bank USA has announced that its President & CEO Noor Menai will speak this Thursday at the Semafor's World Economic Summit. The conference will be held on October 24-25 at the Gallup Great Hall, Washington, D.C. Menai will present at the global finance session, themed ?Emerging Risks in a Time of Transition.
NEW YORK, Oct. 22, 2024 The slowing of the 5G network rollout in 2023 has had a knock-on effect on the market demand for enterprise cybersecurity, according to ABI Research, a global technology intelligence firm.
GeoPark Limited (GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, announces that its wholly owned subsidiary GeoPark Argentina S.A. has received approval from the Argentinian securities regulator to issue up to $500 million in debt securities over the next five years, and has obtained an ?AA+? credit rating from Fitch Ratings? local Argentine affiliate, FIX.
U.S. homebuilder PulteGroup (PHM) beat Wall Street estimates for third-quarter earnings on Tuesday, as declining fixed mortgage rates lured in skittish buyers to the market, while historically low housing supply kept demand strong.
* General Motors (GM) up after it beats Q3 estimates. * 3M (MMM) gains after lifting adjusted profit forecast. * Futures down: Dow 0.39%, S&P 500 0.51%, Nasdaq 0.63% By Lisa Pauline Mattackal and Purvi Agarwal. Oct 22 - U.S. stock index futures fell on Tuesday as rising Treasury yields pressured rate-sensitive shares, while investors assessed the strength of the corporate sector from various company results.
Sterling hit a fresh 2-month low against the dollar on Tuesday while investors remained focused on the central banks' easing paths and the possible outcome of the U.S. elections. The U.S. dollar index was just off a 2-1/2-month high on expectations the Federal Reserve will take a measured approach to rate cuts, while the too-close-to-call U.S. election keeps investors on edge.
- China's economy grew 4.6% in July-September, official data showed, its slowest pace since early 2023 and below the 4.7% pace in the second quarter, as a tumbling property sector remained a major challenge for Beijing.
Futures tied to Canada's main stock index fell on Tuesday, mirroring Wall Street peers, as investors kept their focus on U.S. corporate earnings and the upcoming Bank of Canada's monetary policy decision. December futures on the S&P/TSX index were down 0.5% at 6:01 a.m. ET.
A look at the day ahead in U.S. and global markets from Mike Dolan. U.S. Treasuries are starting to balk at post-election fiscal prospects and the resulting spike in benchmark borrowing rates has knocked stock markets off their perch and lifted the dollar to its best level since early August. Ten-year Treasury yields zoomed higher again on Tuesday, topping 4.2% for the first time in three months.
A look at the day ahead in U.S. and global markets from Mike Dolan. U.S. Treasuries are starting to balk at post-election fiscal prospects and the resulting spike in benchmark borrowing rates has knocked stock markets off their perch and lifted the dollar to its best level since early August. Ten-year Treasury yields zoomed higher again on Tuesday, topping 4.2% for the first time in three months.
- The U.S. Federal Reserve cut interest rates by an oversized 50 basis points in its Sept 17-18 meeting that Chair Jerome Powell said was meant to show policymakers' commitment to sustaining a low unemployment rate now that inflation had eased.
- The tech-heavy Nasdaq gained ground on Tuesday to end a choppy session up as Treasury yields retreated and investors awaited more earnings to assess the health of American companies. "The last couple of days, the market has been trying to digest the move in treasuries as you've had a pretty big backup in yields.
* Futures down: Dow 0.32%, S&P 500 0.36%, Nasdaq 0.44% U.S. stock index futures fell on Tuesday, as a selloff in bonds pushed Treasury yields higher, pressuring rate-sensitive stocks, while investors awaited a deluge of corporate earnings for a clearer market direction.
China's largest shopping event is underway but most merchants and retail analysts expect flat or at best, tepid sales growth, noting consumers are still very much dispirited by the country's economic woes.
* U.S. 10-year Treasury yield hits near 3-month high. * German software firm SAP jumps to record high, defying broad weakness. * Investors sell Japan ahead of domestic election. By Medha Singh and Tom Westbrook.
Central European currencies
recouped some losses on Tuesday, putting the forint on stronger
ground before a widely expected pause in the Hungarian central
bank's policy easing.
The U.S. dollar clung to a 2-1/2 month high on Tuesday on expectations the Federal Reserve will take a measured approach to interest rate cuts, while a too-close-to-call U.S. election campaign kept investors on edge.
The U.S. dollar clung to a 2-1/2-month high on Tuesday on expectations the Federal Reserve will take a measured approach to interest rate cuts, while a close battle in the upcoming U.S. election kept investors on edge.
The risk of Japan ending up with a minority coalition government after the upcoming general election is raising concerns that the central bank could face complications in its quest to gradually wean the nation off decades of monetary stimulus.
The Bank of Japan is carefully looking at the upside risks from rising import prices as the yen weakens, Executive Director Takeshi Kato was quoted as saying by Jiji Press on Tuesday.
The U.S. dollar rose to a fresh 2-1/2-month high on Tuesday, continuing its recent ascent on expectations the Federal Reserve will temper its interest rate cut path, while investors positioned ahead of an apparently tight U.S. presidential election.
The U.S. dollar clung to a two-and-half-month high on Tuesday on expectations the Federal Reserve will take a measured approach to interest rate cuts, while a close battle in the upcoming U.S. election kept investors on edge.
The jobless rate for 16-to-24-year olds in China, excluding students, fell to 17.6% in September from 18.8% a month prior, official data showed on Tuesday, offering officials relief after youth unemployment hit fresh highs for two straight months.
-Four Federal Reserve policymakers on Monday expressed support for further interest-rate cuts, but appeared to differ on how fast or far they believe any cuts should go. Three of them, citing the strength of the economy and an uncertain outlook, expressed a preference for going slow, using words like "modest" and "gradual" to describe their views on the right pace for rate cuts.
- San Francisco Federal Reserve Bank President Mary Daly on Monday said she has not seen anything to suggest the U.S. central bank would stop cutting interest rates, which are "absolutely" still high enough that they are restraining the economy.
- Ratings agency Moody's on Monday changed its outlook on the United States' banking system to stable from negative, saying that the change reflects expectations that interest rate cuts and sustained moderate economic growth will stabilize bank asset quality and drive profitability.
Ratings agency Moody's on Monday changed its outlook on the United States' banking system to stable from negative, saying that the change reflects expectations that interest rate cuts and sustained moderate economic growth will stabilize bank asset quality and drive profitability.
* MOODY'S ON US BANKING SYSTEM- OUTLOOK CHANGES TO STABLE ON STEADY ASSET QUALITY, IMPROVING PROFITABILITY PROSPECTS. * MOODY'S ON US BANKING SYSTEM: OPERATING ENVIRONMENT SHOULD ALSO BE STABLE IN 2025, AS INFLATION DECLINES TO THE FEDERAL RESERVE'S 2% TARGET. * MOODY'S ON US BANKING SYSTEM- AS INTEREST RATES FALL, BANKS MAY LOWER LOAN LOSS RESERVES AND REAP INCREASED FEE INCOME.
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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