Japan's Nikkei share average index ended lower on Thursday as investors locked in profits after the Bank of Japan kept key rates unchanged. The Nikkei fell 0.5% to close at 39,081.25. The index tracked overnight declines in U.S. equities to open 0.25% lower. It fell more than 1% after the BOJ announced its policy.
The yen traded in a narrow range on Thursday after the Bank of Japan left ultra-low interest rates unchanged, while the U.S. dollar consolidated ahead of jobs data later this week and the U.S. presidential election next week. The Japanese currency has taken a beating, down around 6% for the month as the dollar and U.S. Treasury yields have hovered around their highest since July.
Japan's 10-year government bond yield fell after the Bank of Japan kept its policy unchanged and the market took its outlook report as dovish. The 10-year JGB yield fell 1 basis point to 0.94%, after rising to a high of 0.96% before the decision.
Japan's Nikkei share average index slipped on Thursday, as investors locked in their profits after the Bank of Japan kept key rates unchanged. The Nikkei fell 1% at 38,875.78 as of 0441 GMT, after tracking the overnight declines in U.S. equities to open 0.25% lower.
Developing Asia faces a potential 17% loss in its collective gross domestic product by 2070 if high emissions persist, the Asian Development Bank said on Thursday, underscoring the urgency for stronger and more ambitious climate action. While mitigation efforts have gained momentum, they remain insufficient to meet global targets, the ADB said in its inaugural climate report.
Japan's 10-year government bond yield fell after the Bank of Japan kept its policy unchanged as widely expected. The 10-year JGB yield fell 1.5 basis point to 0.935%, after rising to a high of 0.96% before the decision.
The Bank of Japan maintained ultra-low interest rates on Thursday but said risks around the U.S. economy were somewhat subsiding, signalling that conditions are falling into place to raise interest rates again.
The yen remained under pressure on Thursday as the Bank of Japan kept ultra-low interest rates steady, while the U.S. dollar consolidated ahead of jobs data later this week and the U.S. presidential election next week. The Japanese currency has taken a beating this month as the dollar and U.S. Treasury yields have hovered around their highest since July.
The Bank of Japan kept interest rates steady on Thursday and roughly maintained its forecast that inflation will hover near its 2% inflation target in coming years, signalling its readiness to continue rolling back its massive monetary stimulus. As widely expected, the nine-member board decided to keep the BOJ's short-term policy rate unchanged at 0.25% by a unanimous vote.
The Bank of Japan kept interest rates steady on Thursday and roughly maintained its forecast that inflation will hover near its 2% inflation target in coming years, signalling its readiness to continue rolling back its massive monetary stimulus. As widely expected, the nine-member board decided to keep the BOJ's short-term policy rate unchanged at 0.25% by a unanimous vote.
Japan's Nikkei share average index traded weaker on Thursday, tracking an overnight drop in the U.S. markets and unaffected by a widely expected Bank of Japan policy decision to keep rates steady.
Chicago soybean futures dropped on Thursday, shedding gains from the previous session, as abundant supplies from freshly harvest crops in the U.S. and South America weighed on prices. Corn and wheat futures also edged lower. FUNDAMENTALS.
Japan's 10-year government bond yield rose in early trade on Thursday as investors awaited the Bank of Japan's policy decision on interest rates later in the day.
The yen remained under pressure on Thursday as the Bank of Japan looked set to keep ultra-low interest rates steady, while the U.S. dollar paused ahead of jobs data later this week and the U.S. presidential election next week. The Japanese currency has taken a beating this month as the dollar and U.S. Treasury yields have hovered around their highest since July.
* Manufacturing expands for first time in six months. * Construction and services avoid falling into contraction. * Reinforces officials' belief Sept stimulus can revive economy. * Fourth quarter is off to a good start, economists say. By Joe Cash.
China's non-manufacturing activity expanded in October, an official survey showed on Thursday, providing some relief to policymakers even as other indicators have suggested recovery in the world's No. 2 economy remains distant.
China's manufacturing activity expanded for the first time in six months and services picked up in October, indicating that Beijing's latest stimulus measures are helping the battered economy turn a corner.
China's non-manufacturing activity expanded in October, an official survey showed on Thursday, providing some relief to policymakers even as other indicators have suggested recovery in the world's No. 2 economy remains distant.
China's manufacturing activity in October expanded for the first time in six months, an official factory survey showed on Thursday, supporting policymakers' optimism that recent fresh stimulus will get the world's No. 2 economy back on track.
The dollar fell against the yen on Thursday, after the Bank of Japan's less dovish remarks and U.S. data suggested upward price pressures continue to ease, keeping the Federal Reserve on track to cut interest rates by 25 basis points next week.
The yen remained under pressure on Thursday as the Bank of Japan looked set to keep ultra-low interest rates steady, while the U.S. dollar paused ahead of jobs data later this week and the U.S. presidential election next week. The Japanese currency has taken a beating this month as the dollar and U.S. Treasury yields have hovered around their highest since July.
* BOJ keeps short-term rate steady at 0.25% as widely expected. * Board roughly maintains inflation forecasts. * Governor Ueda says U.S. risks receding, domestic wages on track. * Ueda drops message BOJ can 'afford to spend time' on risks. * Yen rises as markets price in chance of December rate hike. By Leika Kihara and Makiko Yamazaki.
Japan's factory output in September rose 1.4% from the previous month, versus a median market forecast for a 1% rise, government data showed on Thursday. Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect seasonally adjusted output to jump 8.3% in October and fall 3.7% in November.
Waste Management, Inc. (WM) today announced that it has priced a public offering of $5,200,000,000 aggregate principal amount of senior notes under an effective shelf registration statement previously filed with the Securities and Exchange Commission, as follows: The notes will be fully and unconditionally guaranteed by the Company?s wholly owned subsidiary, Waste Management Holdings, Inc. The notes...
Avery Dennison Corporation (AVY) announced today that it has priced an underwritten public offering of ?500 million aggregate principal amount of 3.750% Senior Notes due 2034.
Japan's factory output rose 1.4% in September from the previous month, versus a median market forecast for a 1.0% rise, government data showed on Thursday. Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect seasonally adjusted output to jump 8.3% in October and fall 3.7% in November.
KBRA assigns a long-term rating of AA to the Department of Water and Power of the City of Los Angeles Power System Revenue Bonds, 2024 Series E. Concurrently, the rating on outstanding Power System Revenue Bonds is affirmed at AA. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges.
Real estate investment trust UDR on Wednesday raised the midpoint of its forecast for full-year adjusted funds from operations and same-store sales growth, as relatively affordable rentals and improving occupancy rates boost tenant loyalty.
- A look at the day ahead in Asian markets. Thursday is shaping up to be a huge day for markets in Asia as investors brace for a deluge of major corporate and economic newsflow, topped by the Bank of Japan's policy decision and China's official purchasing managers index surveys for October.
A look at the day ahead in Asian markets. Thursday is shaping up to be a huge day for markets in Asia as investors brace for a deluge of major corporate and economic newsflow, topped by the Bank of Japan's policy decision and China's official purchasing managers index surveys for October.
KBRA assigns a long-term rating of A to the New Jersey Transportation Trust Fund Authority Transportation Program Bonds, 2024 Series CC. KBRA additionally affirms the long-term rating of A+ for the State of New Jersey's General Obligation Bonds. Lastly, KBRA affirms the long-term rating of A for the following bonds: New Jersey Transportation Trust Fund Authority.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of Tanzania Reinsurance Company Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect TAN RE?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and marginal enterprise risk management.
Chicago Mayor Brandon Johnson on Wednesday proposed a $17.3 billion fiscal year 2025 budget that calls for a $300 million property tax increase, but does not touch pension funding levels.
* BOJ concludes 2-day meeting, decision expected 0300-0430 GMT. * Board widely expected to keep short-term rate steady at 0.25% * No big changes expected in board's growth, inflation forecasts. * Governor Ueda likely to brief media 0630 GMT. By Leika Kihara.
Applied Digital Corporation (APLD) , a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing applications, today announced that it intends to offer, subject to market conditions and other factors, $300 million aggregate principal amount of convertible senior notes due 2030 in a private offering to persons reasonably believed to be qualified i...
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc. (DMF), BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments.
Municipals largely stayed in their own lane Wednesday, digesting the large slate of new issues as supply dwindles heading into election week, with Bond Buyer 30-day visible supply falling to $5.56 billion.
The dollar softened against other major currencies on Wednesday, after stronger-than-expected U.S. data and a UK budget release set off choppy trading in a market awaiting jobs data later this week and a U.S. election the next. U.S. private payrolls growth surged in October, overcoming fears of temporary disruptions from hurricanes and strikes, according to the ADP National Employment Report.
The benchmark 10-year Treasury yield pared an earlier drop on Wednesday and shorter-dated yields rose on strong U.S. economic data ahead of Friday's highly anticipated October jobs report. The ADP National Employment Report showed private payrolls increased by 233,000 jobs last month after rising by an upwardly revised 159,000 in September.
The German economy faces strong headwinds despite data showing that Europe's largest exporter of goods returned to economic growth in the third quarter, beating analysts' estimates. The economy grew by 0.2% quarter-on-quarter in Q3, from an initial -0.1% in Q2, the Federal Statistical Office reported today.
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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