Minneapolis Federal Reserve President Neel Kashkari said he was not concerned about a potential clash between the Fed and President-elect Donald Trump because both major U.S. political parties want inflation lower. "I am not concerned about the dynamics in Washington," following Tuesday's election of Trump, Kashkari said in an interview on Fox News.
More than 800 leading Thai economists, including four former governors of the Bank of Thailand, warned on Saturday of political interference in selecting the central bank's board chairman, saying it could damage long-term economic stability.
* FITCH: REVISED SPAIN'S OUTLOOK TO POSITIVE FROM STABLE, WHILE AFFIRMING ITS LONG-TERM FOREIGN-CURRENCY ISSUER DEFAULT RATING AT 'A-' * FITCH: POSITIVE OUTLOOK REFLECTS IMPROVING STRUCTURAL FACTORS THAT INCREASED SPAIN'S GDP POTENTIAL, STRENGTHENED ITS RESILIENCE TO EXTERNAL SHOCKS.
BOGOTA, Colombia, Nov. 8, 2024 Ecopetrol S.A. (EC) informs that Fitch Ratings? reported on November 6, 2024, that it has maintained the global credit rating of the Company at?BB+?with a stable outlook.
* MOODY'S RATINGS UPGRADES CROATIA'S RATINGS TO A3, CHANGES OUTLOOK TO STABLE FROM POSITIVE. * MOODY'S: DECISION TO UPGRADE RATINGS TO A3 REFLECTS EXPECTATION THAT CROATIA'S FISCAL STRENGTH WILL REMAIN MATERIALLY HIGHER IN NEAR TO MEDIUM TERM. * MOODY'S: UPGRADE REFLECTS A CONTINUED IMPROVEMENT OF CROATIA'S ECONOMIC STRENGTH.
* US 10-year, 30-year yields post largest weekly drop in 2 months. * US 2/10 yield curve hits flattest level in a month. * US one-year inflation expectations inch higher in November. * US rate futures price in one cut in December, two in 2025. By Gertrude Chavez-Dreyfuss, Alden Bentley.
"A sharply lower new-issuance calendar, peak yields, large redemption money and mutual funds inflows are all positive performance factors for the market," BofA strategists said.
AM Best has upgraded the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? and the Mexico National Scale Rating to ?aa.MX? from ?aa-.MX? of Grupo Aserta S.A.P.I. de C.V.. Concurrently, AM Best has upgraded the Financial Strength Rating to A from A-, the Long-Term ICR to ?a? from ?a-? and affirmed the NSR of ?aaa.MX? of Aseguradora Insurgentes, S.A. de C.V., and its sister company, Aseguradora...
Canada's main stock index slipped on Friday, weighed down by mining and energy shares, as markets trimmed bets for a 50-basis-point interest rate cut by the Bank of Canada next month after domestic jobs data.
Speculators' net bearish
bets on U.S. two- and five-year Treasury note futures hit new
record highs in the week ending Nov. 5, according to Commodity
Futures Trading Commission data released on ...
* Consumer sentiment rises in November. * Major U.S. indexes notch weekly gains. * China ADRs fall after stimulus measures disappoint. By Chuck Mikolajczak.
Speculators' net bearish bets on U.S. two- and five-year Treasury note futures hit new record highs in the week ending Nov. 5, according to Commodity Futures Trading Commission data released on Friday. Short positions on two-year Treasury futures rose to 1,486,359 contracts, according to the CFTC's latest Commitments of Traders data, up from 1,479,361 contracts a week earlier.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of First Insurance Company of Hawaii, Ltd. and its reinsured subsidiaries, collectively referred to as First of Hawaii Group.
* Airbnb (ABNB), Pinterest (PINS) fall after results. * Indexes set for weekly gains. * China ADRs slip after stimulus measures. * Indexes: Dow up 0.63%, S&P 500 up 0.42%, Nasdaq flat. By Chuck Mikolajczak.
AM Best has upgraded the Financial Strength Rating to B- from C++, the Long-Term Issuer Credit Rating to ?bb-? from ?b+?, and the Mexico National Scale Rating to ?a-.MX? from ?bbb.MX? of BUPA M?xico, Compa??a de Seguros, S.A. de C.V.. The outlook of these Credit Ratings is positive.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of the property/casualty members of Houston Casualty Group.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of Philadelphia Indemnity Insurance Company and its affiliate, Tokio Marine Specialty Insurance Company, which operate under a pooling agreement, collectively referred to as Philadelphia Insurance Companies . The outlook of these Credit Ratings is stable.
* China unveils steps to tackle 'hidden' debt of local governments. * Treasury yields sag as Fed signals careful, patient easing path. * Wall St hits record high again; world stocks up 3% this week. By Dhara Ranasinghe and Koh Gui Qing.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Patria Re, Inc.. The outlook of these Credit Ratings is stable. The ratings reflect Patria US? balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A-, the Long-Term Issuer Credit Rating of ?a-? and the Mexico National Scale Rating of ?aaa.MX? of General de Seguros, S.A.. The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of A-, the Long-Term Issuer Credit Rating of ?a-? and the Mexico National Scale Rating of ?aaa.MX? of General de Salud, Compa??a de Seguros, S.A.. The outlook of these Credit Ratings is negative.
?. Santander UK PLC. Issue of EUR 500,000,000.00. Floating Rate Covered Bonds due May 2027. Series 87 Tranche 1 MTN. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. EUR 4,104,222.22. POOL FACTOR.
?. Santander UK PLC. Issue of GBP 1,000,000,000.00. Floating Rate Covered Bond due 12 November 2024. Series 73 Tranche 1. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 14,065,564.93. POOL FACTOR.
U.S. stocks traded mostly higher midway through trading, with the Dow Jones index gaining more than 250 points on Friday. The Dow traded up 0.62% to 44,001.69 while the NASDAQ fell 0.01% to 19,268.55. The S&P 500 also rose, gaining, 0.40% to 5,997.19. Check This Out: How To Earn $500 A Month From Nvidia Stock After Trump Win Leading and Lagging SectorsUtilities shares surged by 1.6% on Friday.
* Loonie weakens 0.5% against U.S. dollar. * Canada adds 14,500 jobs in October. * Price of U.S. oil decreases nearly 3% * 10-year yield eases 2.2 basis points. By Fergal Smith. The Canadian dollar weakened against its U.S. counterpart on Friday as oil prices fell and domestic employment data supported bets for another outsized interest rate cut by the Bank of Canada next month.
* Airbnb (ABNB), Pinterest (PINS) fall after results. * Indexes set for weekly gains. * China ADRs slip after stimulus measures. * Indexes: Dow up 0.57%, S&P 500 up 0.34%, Nasdaq down 0.06% By Lisa Pauline Mattackal and Ankika Biswas.
- Major brokerages including J.P.Morgan, Barclays and Goldman Sachs retained their view of a 25-basis-point interest-rate cut by the U.S. Federal Reserve in December, after the central bank cut at a similar rate at its Nov. 6-7 meeting. The Fed's policymakers have begun taking stock of what could become a more complex economic landscape when President-elect Donald Trump takes office next year.
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Mercantil Reaseguradora Internacional, S.A.. The Credit Ratings reflect Mercantil Re?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate e...
* China unveils steps to tackle 'hidden' debt of local governments. * Treasury yields sag as Fed signals careful, patient easing path. * Wall St hits record high again; world stocks up 3% this week. By Dhara Ranasinghe and Koh Gui Qing.
KBRA releases research that provides an overview of the manufactured housing sector with a focus on consumer lending. Despite softening home prices and the Federal Reserve signaling it will continue lowering interest rates, the costs of single-family homeownership remain significantly higher than before the pandemic. Click here to view the report.
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Mercantil Seguros y Reaseguros, S.A. . The Credit Ratings reflect Mercantil Seguros? balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, limited business profile and appropriate enter...
Crypto analyst Benjamin Cowen suggests that Bitcoin dominance might continue climbing, even as it hits his long-standing 60% target, following the Fed's recent 25 basis point interest rate cut.
U.S. Treasury yields eased early Friday in the wake of the Federal Reserve's quarter point easing on Thursday, while profit taking on "Trump trade" bets leading up to Tuesday's decisive victory for the former president put a bid under U.S. government debt.
Crypto analyst Benjamin Cowen suggests that Bitcoin dominance might continue climbing, even as it hits his long-standing 60% target, following the Fed's recent 25 basis point interest rate cut.
The re-election of Donald Trump has reignited one of the most contentious debates among investors: Can the president-elect remove Federal Reserve Chair Jerome Powell? Trump has been critical of Powell's handling of interest rates since appointing him in 2018, and many have speculated that a Trump-led White House may clash with the central bank yet again.
Euro zone bond yields moved lower on Friday, at the end of a busy period in which the market had to digest major central bank meetings, the U.S. election and the collapse of the German government, and which has left them near flat on the week.
Canada's main stock index slipped on Friday, hurt by mining and energy shares, while domestic jobs data slightly trimmed bets for a hefty 50-basis-point interest rate cut by the Bank of Canada next month.
* Airbnb (ABNB), Pinterest (PINS) fall after results. * Indexes set for weekly gains. * China ADRs slip after stimulus measures. * Indexes up: Dow up 0.23%, S&P 500 0.19%, Nasdaq 0.02% By Lisa Pauline Mattackal and Ankika Biswas.
- U.S. consumer sentiment rose to a seven-month high in early November, with a measure of households' expectations for the future climbing to the highest in more than three years, a survey showed on Friday. The University of Michigan's Consumer Sentiment Index climbed to 73.0 this month, the highest since April, from 70.5 in October.
-U.S. consumer sentiment rose to a seven-month high in early November, with a measure of households' expectations for the future climbing to the highest in more than three years, led by brightening outlooks among Republicans, a survey showed on Friday. The University of Michigan's Consumer Sentiment Index climbed to 73.0 this month, the highest since April, from 70.5 in October.
NEWTOWN, Pa., Nov. 8, 2024 ?EPAM Systems (EPAM), Inc.?, a leading digital transformation services and product engineering company, today announced the release of the?StatGPT 2.0 Platform, created in collaboration with the International Monetary Fund for evaluating and testing by Statistical Data and Metadata?eXchange sponsor organizations and selected national statistical organizations.
The European Central Bank is pushing Raiffeisen and UniCredit hold some capital as a buffer against potential risks stemming from their Russia businesses, two sources with knowledge of the matter said. The ECB is seeking to address the dangers the two banks still face by operating in a country in which they no longer have effective control of their own activities, one of the people said.
The Bank of England will need to look beyond the temporary inflation boost from last week's budget but must keep a close eye on anything that might add to longer-term price pressures, BoE Chief Economist Huw Pill said on Friday.
Global money market funds attracted sharp inflows in the week to Nov. 6 as investors sought safety ahead of the U.S. presidential election and the Federal Reserve's policy meeting. Investors racked up a massive $127.44 billion worth of global money market funds during the week, which was their largest weekly net purchase since Jan. 3, according to LSEG data.
* Airbnb (ABNB), Pinterest (PINS) fall after results. * Indexes set for sharp weekly gains. * China ADRs slip after stimulus measures. * Futures: Dow up 0.07%, S&P 500 flat, Nasdaq down 0.18% By Lisa Pauline Mattackal and Ankika Biswas.
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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