A senior Mexican finance official said on Wednesday that public debt stood at a "sustainable level" of 49.3% of the country's gross domestic product, adding that further volatility of the peso currency is expected due to the upcoming U.S. election.
Mexico's finance ministry said on Wednesday that public debt remained in the third quarter at a sustainable level of 49.3% of gross domestic product, "ensuring Mexico maintains favorable access to international markets and strengthens its fiscal position among emerging economies."
Recipients receive up to $2 million to support the development of over 1,300 housing units The Federal Home Loan Bank of Chicago announced it has awarded over $47 million through its 2024 Affordable Housing Program General Fund round to help finance 35 housing projects located primarily in Illinois and Wisconsin. This press release features multimedia.
The U.S. economy grew solidly in the third quarter, with consumer spending increasing at its fastest pace in 1-1/2 years and inflation slowing sharply, continuing to defy forecasts of a recession and outperforming its global peers ahead of the Nov. 5 presidential election.
MANAMA, Bahrain, Oct. 30, 2024 Global industry leaders will converge in Bahrain for the highly anticipated second edition of the Gateway Gulf Investment Forum, scheduled to take place on November 3-4, 2024, at the Four Seasons Hotel Bahrain Bay.
* German 2-year yield hits three week high. * Italy 10-year yields hits eight week high. * Euro zone economy grows by 0.4% in Q3, twice as fast as expected. * ECB does not need to stimulate economy - ECB's Schnabel. * Traders trim bets on large ECB cut. By Samuel Indyk and Medha Singh.
* Alphabet jumps to over three-month high. * Eli Lilly (LLY) misses weight-loss, diabetes drug estimates. * AMD falls, weighing on chip stocks. * ADP jobs data posts beat, Q3 GDP advance numbers miss estimates. * Indexes up: Dow 0.51%, S&P 500 0.29%, Nasdaq 0.24% By Lisa Pauline Mattackal.
- The interest rate for the most popular U.S. home loan jumped last week to 6.73%, its highest since July, adding to headwinds for the housing market even as the Federal Reserve looks set to further lower its target for short-term borrowing costs.
Mercer International Inc. (MERC) today announced that it has completed its previously announced private offering of $200.0 million aggregate principal amount of 12.875% senior notes due October 1, 2028.
* Alphabet leaps as AI investments boost cloud sales. * Eli Lilly (LLY) misses weight-loss, diabetes drug estimates. * AMD falls, weighing on chip stocks. * ADP jobs data posts beat, Q3 GDP advance numbers miss estimates. * Indexes: Dow up 0.04%, S&P 500 down 0.14%, Nasdaq down 0.15% By Lisa Pauline Mattackal.
Key Highlights WASHINGTON ? Pending home sales rose in September, according to the National Association of Realtors?. All four major regions experienced month-over-month gains in transactions. # # # *The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. NOTE: Existing-Home Sales for October will be reported on November 21.
Canada's main stock index opened lower on Wednesday due to losses led by mining stocks, as cautious investors parsed U.S. economic data in the run up to next week's closely contested presidential election across the border. At 9:31 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 114.13 points, or 0.46%, at 24,448.42.
* Alphabet leaps as AI investments boost cloud sales. * Eli Lilly (LLY) misses estimates for weight-loss, diabetes drugs. * AMD falls, Reddit (RDDT) jumps after results. * ADP jobs data beats, Q3 GDP advance numbers miss estimates. * Futures: Dow down 0.20%, S&P 500 and Nasdaq flat. By Lisa Pauline Mattackal.
The U.S. economy grew at an annualized rate of 2.8% in the third quarter, according to official advance estimates released Wednesday. This marks a slowdown from the 3% growth recorded in the second quarter and fell short of the anticipated 3%. The Atlanta Fed's GDPNow model forecasted a 3.3% increase prior to the release.
* Gross domestic product increases at 2.8% rate in Q3. * Consumer spending rises at fastest pace since Q1 2023. * Business investment in equipment surges. * Inventories, trade and housing subtract from GDP. By Lucia Mutikani.
U.S. private payrolls growth surged in October, despite fears of temporary disruptions from hurricanes and strikes. Private payrolls increased by 233,000 jobs last month after rising by an upwardly revised 159,000 in September, the ADP National Employment Report showed on Wednesday.
U.S. private payrolls growth surged in October, despite fears of temporary disruptions from hurricanes and strikes. Private payrolls increased by 233,000 jobs last month after rising by an upwardly revised 159,000 in September, the ADP National Employment Report showed on Wednesday.
By Jamie McGeever. U.S. Treasury yields often move in tandem with the price of oil, but this relationship has broken down in recent weeks, suggesting that the near-term inflation outlook has taken a back seat to long-term deficit fears in the bond market. Falling oil prices - especially negative year-on-year price moves - are usually disinflationary. Yet yields and oil have diverged sharply.
ROSELAND, N.J., Oct. 30, 2024 ?Private sector employment increased by 233,000 jobs in October and annual pay was up 4.6 percent year-over-year, according to the October ADP? National Employment Report? produced by ADP Research in collaboration with the Stanford Digital Economy Lab.
Freddie Mac today reported its Third Quarter 2024 financial results and filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission. The company will hold a call at 9 a.m. Eastern Time today, October 30, 2024, to share its results with the media. Freddie Mac?s mission is to make home possible for families across the nation.
Outstanding loans in Brazil rose 1.2% in September from the previous month to 6.2 trillion reais, with growth mainly driven by business credit, central bank data showed on Wednesday. The total credit balance for businesses increased by 1.6% from August, while household credit grew by 1.0%. In annual terms, total outstanding loans rose 9.9%, matching the growth rate reported in the previous month.
After a strong jobs report this month drove mortgage rates higher, the Midwest is seeing more bonds financing loans to single-family and multifamily homebuyers.
The forint eased more than
half a percent versus the euro on Wednesday, underperforming
central European currencies, after much weaker-than-expected GDP
data showed the Hungarian economy dipped into ...
The following are the top stories from selected Canadian newspapers. THE GLOBE AND MAIL. - The Bank of Canada is urging thousands of digital payment companies to get on board with a new regulatory regime that requires payment service providers to register with the central bank.
We've now entered earnings season. This week, we'll address the following topics: Las Vegas Sands (LVS) got unlucky at the gaming tables. Starbucks?sees same store sales down 7%. That's a big problem. Paul Tudor Jones and Stanley Druckenmiller avoid Treasuries. Michael Gayed of @leadlagreport and I discuss inflation and energy. Active vs passive investing: fight!
* Alphabet leaps as AI investments boost cloud sales. * Eli Lilly (LLY) misses estimates for weight-loss, diabetes drugs. * AMD falls, Reddit (RDDT) jumps after results. * ADP jobs data, Q3 GDP advance numbers on deck. * Futures: Dow down 0.20%, S&P 500 up 0.08%, Nasdaq up 0.18% By Lisa Pauline Mattackal.
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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