* Dollar slips from a four-month high. * China's central bank pauses gold purchases for sixth straight month. * Fed rate decision due at 1900 GMT. By Anushree Mukherjee. Gold prices rose on Thursday but traded near a three-week low, as market participants awaited an expected rate cut decision by the U.S. Federal Reserve later in the day.
Ukraine's sovereign dollar bonds and GDP warrants extended a post-U.S. election rally on Thursday, gaining more than 2 cents on optimism that Donald Trump's return to the White House could end the country's war with Russia.
* Norges Bank keeps policy rate at 4.50% * Rate remains at highest level since 2008. * Policy on hold until year-end. * New rate projections due in December. * Inflation remains above target. By Terje Solsvik and Gwladys Fouche.
Norway's central bank held its policy interest rate unchanged at a 16-year high of 4.50% on Thursday, as unanimously expected by analysts in a Reuters poll and reiterated that it will stay on hold until the end of the year.
New report highlights opportunities in AI, 5G, and satellite connectivity to bridge a 60% usage gap and unlock $170 Billion in GDP by 2030 NAIROBI, Kenya, Nov. 7, 2024 /PRNewswire/ -- The mobile industry's $140 billion contribution to GDP in 2023 is projected to reach $170 billion by 2030 if key connectivity barriers are addressed.
* Policy rate cut to 2.75% from 3.25% * Riksbank sees further cuts in December, H1 2025. Sweden's central bank cut its key interest rate to 2.75% from 3.25% on Thursday, as expected, and said that it would carry on easing policy in the months ahead though uncertainty about developments was exceptionally high.
Sweden's central bank cut its key interest rate to 2.75% from 3.25% on Thursday, as expected, and said if the economic and inflation outlooks remain the same it may also cut the rate in December and in the first half of 2025.
The pound rose on Thursday ahead of a Bank of England rate decision, although trading was still mostly dominated by the reverberations of Donald Trump's win in the U.S. presidential elections that fuelled a huge dollar rally.
China's gold reserves stood at 72.8 million fine troy ounces at the end of October, unchanged for a sixth straight month, central bank data showed on Thursday. The value of China's gold reserves increased to $199.06 billion at the end of last month from $191.47 billion at the end of September.
Euro zone short-dated government bond yields edged up on Thursday after falling sharply the day before, with investors focusing on the Federal Reserve and the Bank of England policy meetings later in the session. Markets showed quite a muted reaction after Germany's ruling coalition collapsed as Chancellor Olaf Scholz sacked his finance minister and paved the way for a snap election.
German exports and industrial output fell more than expected in September, showing the weakness of two of the pillars of the German economic model at the start of the fourth quarter. Exports fell by 1.7% in September compared with the previous month, data from the federal statistics office showed on Thursday.
Asia-Pacific equity markets traded higher on Thursday, buoyed by a record rise for U.S. shares overnight, as investors mulled the implications of a Donald Trump presidency, while also eyeing policy decisions from the U.S. Federal Reserve and other major central banks later in the day.
The dollar edged lower on Thursday after hitting a four-month high following Republican Donald Trump's win in the U.S. presidential election, while investors awaited policy decisions from the Federal Reserve and other central banks.
* * Industrial output fell by 2.5% in September. * Economists warn government over crisis in industry. By Maria Martinez. German exports and industrial output fell more than expected in September, showing the weakness of two of the pillars of the German economic model at the start of the fourth quarter.
German industrial production fell in September by 2.5% compared to the previous month, the federal statistics office said on Thursday. Analysts polled by Reuters had predicted a 1.0% fall.
China will continue to implement a supportive monetary policy to help promote sustained economic recovery, Pan Gongsheng, governor of the People's Bank of China, said in remarks published on Thursday.
Investors are bracing for further economic pain in Europe that could deepen euro losses and hurt its stocks, as a second Donald Trump presidency raises the prospects of hefty tariffs. European bonds emerged as winners, as expectations the European Central Bank will cut interest rates to counter an economic slowdown rose.
Britain's FTSE 100 index is
seen opening higher on Thursday, with futures up 0.12%.
* RATES: The Bank of England is likely to cut interest rates
on Thursday for only the second time ...
Shares on Wall Street scaled record highs on Thursday, lifting stock markets around the world, while U.S. Treasury yields retreated further after the Federal Reserve cut interest rates and as investors processed a second Donald Trump presidency.
A dollar rally triggered by Republican Donald Trump's victory in the U.S. presidential election could heighten pressure on the Bank of Japan to raise interest rates as soon as December to prevent the yen from sliding back toward three-decade lows.
Asia-Pacific equity markets were mixed on Thursday as investors weighed the implications of a Donald Trump presidency, while also eyeing monetary policy decisions from the U.S. Federal Reserve and other major central banks later in the day.
* 160 yen-to-the-dollar seen as Japan authorities' line in sand. * Japan issues fresh warning against excessive yen falls. * Chance of BOJ hike in December may rise if yen keeps falling. By Leika Kihara and Makiko Yamazaki.
The dollar hung just off a four-month high on Thursday as the market continued to digest Republican Donald Trump's win in the U.S. presidential election, while investors eyed several central bank decisions that will be topped off by the Federal Reserve.
Unless the state government makes changes to taxes or spending, there will be deficits of $587 million to more than $800 million starting in the next fiscal year.
* Vietnam has one of the largest trade surpluses with the US. * Southeast Asian country benefited from US-China trade tensions. * Vietnam may become "collateral damage" of increased U.S. protectionism. * Trade surplus could be offset with purchase of US LNG, planes. * The Trump Organization plans a $1.5 bln golf course and hotel in Vietnam. By Francesco Guarascio and Phuong Nguyen.
AUSTIN, Texas, Nov. 6, 2024 ?Digital Realty Trust (DLR), Inc.?, the largest global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions, today announced that its subsidiary, Digital Realty Trust (DLR), L.P., priced its offering of $1,000,000,000 aggregate principal amount of 1.875% exchangeable senior notes due 2029 in a private offering to qualified institutional b...
- The dollar held onto earlier losses on Thursday after Federal Reserve Chair Jerome Powell failed to offer any strong clues that the U.S. central bank was likely to pause rate cuts in the near-term, after a widely expected 25 basis point reduction. Traders also closed out some profitable bets on a Donald Trump presidency after his election victory on Tuesday.
The dollar hovered off a four-month high on Thursday as the market continued to digest Republican Donald Trump's win in the U.S. presidential election, while investors eyed several central bank decisions that will be topped off by the Federal Reserve.
Singapore's top bank DBS sees an upside to its 2025 profit when Donald Trump takes office as U.S. president next year, as his policies could spell fewer interest rate cuts by the Federal Reserve that translate into higher net interest margin, a key profitability gauge.
* BoE expected to cut rates to 4.75% from 5.0% on Thursday. * Investors expect 2-3 more cuts by end of 2025, down from almost 4. * Economists doubt another rate cut in December due to higher inflation outlook. By Andy Bruce.
KELLOG, Idaho and VANCOUVER, British Columbia, Nov. 06, 2024 -- Bunker Hill Mining Corp. (BHLL) announces that it has closed the third tranche of the previously announced silver loan with Monetary Metals Bond III LLC, an entity established by Monetary Metals & Co., in the principal amount of US$6,321,112, being the amount of US dollars equal to, as of November 6, 2024, 198,777 ounces of silver.
APA Corp (APA) reduced 2025 capital forecast after the U.S. oil and gas firm missed third-quarter profit estimates by one cent per share on Wednesday, as lower prices offset higher production. Oil prices fell in the quarter after a larger-than-expected Federal Reserve interest rate cut sparked concerns about the U.S. economy and global demand.
Brazil's central bank raised interest rates by 50 basis points on Wednesday, quickening the pace of tightening from September and stressed the importance of fiscal discipline in the face of a more challenging inflation outlook.
FICO reported a better-than-expected fourth-quarter profit on Wednesday, thanks to strong demand for its credit-scoring products. Analysts expect an uptick in loan demand as the U.S. Federal Reserve lowers borrowing costs through 2025, benefiting companies like FICO, which rely on lenders assessing customer creditworthiness before approving loans.
Donald Trump's victory in the U.S. presidential election unleashed a massive rally in the dollar, drove stocks to record highs and punished bond prices as expectations of tax cuts and tariffs on imports drove optimism about economic growth while fueling worries about inflation.
Brazil's central bank raised interest rates by 50 basis points on Wednesday, quickening the pace of tightening from September as it grapples with a more challenging inflation outlook. The bank's rate-setting committee, known as Copom, voted unanimously to lift its benchmark Selic rate to 11.25% as widely expected.
The red wave that took the presidency and the Senate ? along with increased odds of a Republican victory in the House ? was hanging heavily over fixed income markets Wednesday, with munis and UST yields rising up to 17 basis points, with the largest losses out long.
Company announces ?175 million partial redemption of KWE bonds due November 2025. Kennedy-Wilson Holdings, Inc. (KW), a leading global real estate investment company with $28 billion in AUM across its real estate equity and debt investment portfolio, today reported results for Q3-2024: Financial Results Q3 ?. YTD Non-GAAP Results 2024 ?. 2023 ?. 2024 ?. 2023 Adjusted EBITDA.
Corporate bond market spreads tightened slightly on Wednesday after Donald Trump's presidential election victory, as the market weighs the pros and cons of his return to the White House. The former president's victory in several highly contested states pushed him over the 270 Electoral College votes needed to win the presidency.
* Major stock indexes on Wall St hit record highs; Tesla jumps. * Dollar climbs, euro down 2% * Treasury yields surge as 30-year yield rises as much as 20 bps. * Mexican peso hits two-year low. By Koh Gui Qing and Dhara Ranasinghe.
Bank of Canada senior deputy governor Carolyn Rogers said on Wednesday that a new administration in the United States could lead to higher interest rates there. "There are going to be policy changes to taxes, to trade, to immigration in the U.S. that could lead to U.S. economic growth, which could lead to inflation and higher rates," she said in Toronto.
The University of Texas at Austin's Center on Municipal Capital Markets will provide graduate and continuing education programs, research reports, and public outreach.
"If the GOP wins the House, the specter of risk to the municipal bond tax-exemption will increase," said Edwin Oswald, a tax partner at?Orrick?Herrington & Sutcliffe in Washington D.C.
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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