Australian consumer sentiment rose sharply in November for a second straight month, reaching a 2-1/2-year high with the mood on the economy and finances finally turning optimistic, a survey showed on Tuesday.
On October 23, 2024, Moody?s downgraded the long-term ratings of The Toronto-Dominion Bank (MLWIQXX) and its U.S. subsidiaries in response to the company?s guilty plea earlier in the month to having engaged in a conspiracy to commit money laundering and agreement to pay a $3 billion fine.
The focus: municipal advisors ? part of your regulatory responsibilities and duties (if you don't agree to evaluate pricing and/or structure, you must expressly disclose it to the client) and broker-dealers (fair dealing).?
Spain's former central bank governor, Pablo Hernandez de Cos, was picked on Monday to lead the Bank for International Settlements, the near century-old institution that brings together rate-setters from around the world. De Cos will replace Mexico's Agust?n Carstens as the BIS's General Manager on July 1, 2025, for a five-year term.
The Bank for International Settlements said on Monday it has appointed former European Central Bank official Pablo Hernandez de Cos as its general manager for a five-year term, starting July 1 2025. De Cos previously headed the Bank of Spain.
Tax-exempt money market funds reached a 2024 high of assets under management at $136.84 billion for the week ending Wednesday, according to the Investment Company Institute.
Forum Energy Technologies Inc (FET) : * FORUM ENERGY TECHNOLOGIES ANNOUNCES CLOSING OF $100 MILLION SENIOR SECURED BOND ISSUANCE Source text: Further company coverage:
Forum Energy Technologies, Inc. (FET) announced today that it closed its offering of USD $100.0 million aggregate principal amount of 10.5% senior secured bonds on November 8, 2024. Neal Lux, President and Chief Executive Officer, remarked, ?I am pleased with the team?s hard work to deliver on the strategic plan we outlined earlier this year.
Brazil's government debt as a share of gross domestic product declined in September from the previous month, marking its first drop after 14 straight months of increases, central bank data showed on Monday. The debt of Latin America's largest economy fell to 78.3% in September from 78.5% the previous month, also coming in below the 78.8% forecast by economists polled by Reuters.
Brazil's government debt as a share of gross domestic product decreased to 78.3% in September from 78.5% the month before, central bank data showed on Monday. The Brazilian public sector posted a primary deficit of 7.34 billion reais for the month, smaller than the 8 billion reais deficit forecast by economists polled by Reuters.
A look at the day ahead in U.S. and global markets from Mike Dolan The dollar continues to feed on a mix of post-election tariff and tax cut speculation, China's struggle with deflation and Germany's simmering political crisis - with the euro plumbing its lowest levels in almost five months.
Within weeks of Donald Trump's 2016 election, U.S. Federal Reserve policymakers began mulling the impact of expected tax cuts and tariffs on the economy, penciling in rough estimates of what was to come, with some among them concluding higher interest rates may be needed to keep inflation in check.
* Fed raised rates faster than expected after Trump's 2016 election. * Trump's new economic measures may clash with Fed's inflation control efforts. * Powell highlights strong economy but acknowledges lingering high price effects. By Howard Schneider.
Chinese banks extended 500 billion yuan in new loans in October, falling sharply from September and trailing behind analysts' expectations, as a ramp-up of policy stimulus to buttress a wavering economy fell short of boosting credit demand.
Japan's service-sector sentiment worsened and bankruptcy cases rose in October, data showed on Monday, casting doubt on the central bank's view the country was on track to meet its 2% inflation target driven by robust domestic demand.
- New Zealand's central bank will be under greater pressure to ease policy aggressively this month as its rate meeting calendar leaves an unusually long three-month gap until its next gathering, arguing for extra insurance against an economic slump.
The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the ?Neutral? zone on Friday. U.S. stocks settled higher on Friday, with the Dow Jones and S&P 500 recording their best week in the year following the election of Donald Trump as the 47th U.S. president.
Japan's 10-year government bond yield was unchanged on Monday, after U.S. Treasury yields fell last week. The 10-year JGB yield was flat at 1% after crossing that level for the first time in three months on Thursday. "The 10-year bond yield seems to be capped at 1%. If the yield surpasses that level, investors buy the bonds," said Gen Taniguchi, market analyst at Mizuho Securities.
* Dollar rebounds on yen, holds recent gains on euro. * Market trims scope for Fed rate cuts, BOJ hikes. * Week includes US CPI, China activity data. By Wayne Cole. The dollar edged higher on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing's latest underwhelming stimulus package.
* BOJ braced for volatility post-U.S. election, summary shows. * Some members highlighted yen moves as key to policy outlook. * One called for rate hike after pause to assess U.S. developments. * BOJ kept rates steady at Oct meeting, near-term hike eyed. By Leika Kihara.
Bank of Japan policymakers were divided on how soon they could raise interest rates with some warning of the risk of renewed market volatility after the U.S. presidential election, a summary of opinions at their October meeting showed on Monday.
The dollar started in a cautious mood on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing's latest underwhelming stimulus package.
The dollar started in a cautious mood on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing's latest underwhelming stimulus package.
As things currently stand, there is no reason for the European Central Bank not to cut interest rates in December but the decision will be based on the data available then, ECB policymaker Robert Holzmann said in remarks published on Sunday.
* Trump has vowed to deport immigrants in U.S. illegally. * Kashkari says the "implications are not entirely clear" Widespread deportation of foreign-born workers from the United States probably would disrupt some businesses, but the impact on inflation and the broad economy would depend on the details, Minneapolis Federal Reserve President Neel Kashkari said on Sunday.
Widespread deportation of foreign-born workers from the United States probably would disrupt some businesses, but the impact on inflation and the broad economy would depend on the details, Minneapolis Federal Reserve President Neel Kashkari said on Sunday.
The Bank of Japan hopes to maintain its 2% inflation target even if climate change causes long-term shocks to future price developments, Governor Kazuo Ueda said on Saturday. But Ueda said the BOJ will "monitor carefully" how the economic impact of climate change, as well as the fallout from government measures to promote the green transition, could affect inflation expectations.
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.
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.
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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