U.S. consumer prices increased as expected in October amid higher costs for shelter such as rents, and progress toward low inflation has slowed in recent months, which could result in fewer interest rate cuts from the Federal Reserve next year.
CDR Project Developer Intends to Remove 10,000 Tonnes of CO2?from the Air via up to 10 Different Technologies at the World's First CDR Innovation & Commercialization Center MONTR?AL, Nov. 13, 2024 /PRNewswire/ --?Deep Sky, the Canadian carbon removal project developer, has sold carbon removal credits to its founding buyers including Royal Bank of Canada and Microsoft.
Donald Trump's presidential election win has forced bond strategists to make a material change in their outlook towards higher longer-dated Treasury yields, a Reuters poll found, as the risk of a U.S. inflation resurgence escalates. Since Trump's victory, the benchmark U.S. 10-year Treasury yield has risen nearly 15 basis points.
* Yen slips past 155 per dollar to more than 3-month low. * Euro hovers near one-year low at 1.06105. * U.S. CPI data due at 1330 GMT. By Medha Singh and Brigid Riley. The U.S. dollar hovered near a fresh 6-1/2-month peak against other major currencies on Wednesday and the Japanese yen fell to its lowest level since July, driven by so-called Trump trades ahead of key U.S. inflation data.
Services activity in Brazil grew more than expected in September and hit a record high, a sign of economic strength that comes after the central bank kicked off a monetary tightening cycle to fight inflation.
Services activity in Brazil grew more than expected in September and hit a record high, a sign of economic strength that comes after the central bank kicked off a monetary tightening cycle to fight inflation.
Futures tied to Canada's main stock index marginally fell on Wednesday, mirroring Wall Street peers, ahead of key U.S. inflation data due later in the day. December futures on the S&P/TSX index were down 0.07% at 6:04 a.m. ET. Wall Street futures edged lower as an uptick in Treasury yields weighed on rate-sensitive equities.
-The Dow and the S&P 500 ended slightly higher on Wednesday while the Nasdaq lost ground after October data showed consumer prices rising in line with expectations, adding support to bets that the U.S. Federal Reserve will cut interest rates in December.
* Futures down: Dow 0.14%, S&P 500 0.14%, Nasdaq 0.13% U.S. stock index futures edged lower on Wednesday as an uptick in Treasury yields weighed on rate-sensitive equities ahead of crucial inflation data that will offer more signals on the pace of the Federal Reserve's interest rate reductions.
A look at the day ahead in U.S. and global markets by markets correspondent Naomi Rovnick. The ghosts of inflation past, present and future are haunting global markets on Wednesday as the U.S. October consumer prices report due later in the day threatens to raise fears about what President-elect Donald Trump's tax and tariff policies will bring.
A look at the day ahead in U.S. and global markets by markets correspondent Naomi Rovnick. The ghosts of inflation past, present and future are haunting global markets on Wednesday as the U.S. October consumer prices report due later in the day threatens to raise fears about what President-elect Donald Trump's tax and tariff policies will bring.
Euro zone lenders may not have a full understanding of their exposure to the quickly growing private credit and equity markets, so bank supervisors plan to outline new risk management expectations, the European Central Bank said on Wednesday.
High inflation in Britain has not been vanquished and there is a risk that some drivers of price growth could be heading upwards, Bank of England interest rate-setter Catherine Mann said on Wednesday. "There are some possibilities about downward pressure on inflation coming from export prices coming out of China, for example.
New tariffs planned by U.S. President-elect Donald Trump could cost Germany 1% in economic output if they come into effect, Bundesbank President Joachim Nagel said in an interview with Die Zeit newspaper published on Wednesday. "If the new tariffs actually materialise, we could even slip into negative territory," said Nagel, with Germany already facing weak growth this year and next.
* Treasury yields jump to highest since July as Trump trade ramps up. * US dollar pushes to more than three-month peak versus yen. * Traders look to inflation data for clues about Fed rate-cut pace. * Crude oil, metals under pressure amid trade war worries. By Alun John and Kevin Buckland.
Russia's tight monetary policy has failed to curb price growth and has created risks of an economic slowdown, dragging the economy into stagflation, a combination of stagnant growth and inflation, a leading think-tank close to the government said.
Taiwan's central bank warned on Wednesday that it sees peril in the proposed trade policies of the incoming administration of U.S. President-elect Donald Trump.
* Yen slips past 155 per dollar to more than 3-month low. * Euro hovers near one-year low at 1.06105. * Dollar index rises for the fourth straight session. * U.S. CPI data due at 1330 GMT. By Medha Singh and Brigid Riley.
U.S. President-elect Donald Trump's economic agenda risks returning inflation to the United States and hurting economic growth worldwide, Bank of France head and European Central Bank member Francois Villeroy de Galhau said on Wednesday. "The programme risks bringing back inflation to the United States," Villeroy told France Inter radio.
Bank of France head and European Central Bank member Francois Villeroy de Galhau said on Wednesday he expected inflation to remain moderate in France and that he anticipated more rate cuts by the ECB.
* Treasury yields jump to highest since July as Trump trade ramps up. * US dollar pushes to more than three-month peak versus yen. * Traders look to inflation data for clues about Fed rate-cut pace. * Crude oil, metals under pressure amid trade war worries. By Kevin Buckland.
A look at the day ahead in European and global markets from Kevin Buckland. The wide-ranging market bets on big fiscal spending, lower taxes and higher tariffs under incoming U.S. President Donald Trump - collectively dubbed "Trump trades" - took a breather on Wednesday while traders' focus shifted back to economic data.
Japan's five-year government bond yield hit a 15-year high on Wednesday as a weaker yen accelerated bets for the Bank of Japan to raise interest rates. The five-year yield rose to 0.685%, its highest level since November 2009, before inching down to 0.68%, up 3 basis points from the previous session.
A look at the day ahead in European and global markets from Kevin Buckland. The wide-ranging market bets on big fiscal spending, lower taxes and higher tariffs under incoming U.S. President Donald Trump - collectively dubbed "Trump trades" - took a breather on Wednesday while traders' focus shifted back to economic data.
Upstart Holdings, Inc. (UPST) today announced the pricing of $425,000,000 aggregate principal amount of Convertible Senior Notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended. The notes will be senior, unsecured obligations of Upstart.
A gauge of global stocks fell for a second straight session on Wednesday and longer-dated U.S. Treasury yields rose in choppy trading as investors assessed the latest U.S. inflation data and the path of interest rates from the Federal Reserve. The Labor Department said the consumer price index rose 0.2% for the fourth straight month, in line with expectations of economists polled by Reuters.
A gauge of global stocks fell for a second straight session on Wednesday and longer-dated U.S. Treasury yields rose in choppy trading as investors assessed the latest U.S. inflation data and the path of interest rates from the Federal Reserve. The Labor Department said the consumer price index rose 0.2% for the fourth straight month, in line with expectations of economists polled by Reuters.
* Treasury yields jump to highest since July as Trump trade ramps up. * US dollar pushes to more than three-month peak versus yen. * Traders look to inflation data for clues about Fed rate-cut pace. * Crude oil, metals under pressure amid trade war worries. By Kevin Buckland.
The U.S. dollar advanced to one-year high against major currencies on Wednesday powered by so-called Trump trades and after U.S. inflation for October came in as expected, suggesting the Federal Reserve will continue lowering interest rates.
Mexican law enforcement announced on Tuesday the arrest of a top municipal security official for the assassination of the mayor of the capital of the violence-plagued state of Guerrero. The murder and decapitation of Chilpancingo Mayor Alejandro Arcos shocked the country, coming just days after he took office.
Japan's wholesale inflation accelerated in October as renewed yen falls pushed up import costs for some goods, data showed on Wednesday, complicating the central bank's decision on how soon to raise interest rates.
Australia's Prime Minister Anthony Albanese said he told U.S. president-elect Donald Trump in a phone call the United States has a trade surplus with Australia and it was in Washington's interest to "trade fairly" with its ally. Trump has proposed a 10% tariff on all U.S. imports and a 60% levy on Chinese-made products.
NEW YORK, Nov. 12, 2024 Safehold Inc. (SAFE) today announced that its operating company, Safehold GL Holdings LLC, has priced a public offering of $400 million aggregate principal amount of its 5.650% senior notes due 2035?. The Notes will mature on January 15, 2035. The offering is expected to settle on November 14, 2024, subject to the satisfaction of customary closing conditions.
Credit ratings agencies could downgrade their outlook on Mexico from stable to negative in coming months on the back of a deterioration in economic growth and the political outlook, as well as weakening public finances, Citibanamex said in a research note on Tuesday.
KBRA places the City's G.O. Bond rating on Watch Downgrade and assigns a long-term rating of "A" to the City of Chicago?s General Obligation Bonds, Refunding Series 2024B and Taxable Refunding Series 2024C. Concurrently, KBRA affirms the long-term rating of "A" on the City's outstanding General Obligation Bonds.
KBRA assigns a rating of BBB+ to Blue Owl Capital Corporation's (OBDC) $400 million, 5.95% senior unsecured notes due 2029. Key Credit Considerations The rating is supported by OBDC's ties to the $128.4 billion Blue Owl Credit platform that maintains a strong reputation and leadership position in the $1.7 trillion private credit market.
KBRA assigns a long-term rating of AA- with a Stable Outlook to the City of Chicago Second Lien Wastewater Transmission Revenue Bonds, Refunding Series 2024B. The Second Lien Wastewater bonds are limited obligations of the City of Chicago, payable solely from a second lien on net revenues of the sewer revenue fund.
* Novavax (NVAX) drops 6% on cut to annual revenue forecast. * Honeywell (HON) jumps to record high as Elliott discloses stake. * Tesla ends 5-day rally with 6% drop. * Indexes down: Dow 0.86%, S&P 500 0.29%, Nasdaq 0.09% By Sin?ad Carew and Lisa Pauline Mattackal.
Cruise Economic Contribution Outpacing Global GDP WASHINGTON, Nov. 12, 2024 ?Cruise Lines International Association, the leading voice of the cruise industry, shared highlights from the association's new 2023 Global Economic Impact Study last week at the annual CLIA Cruise Forward conference in Miami.
All financial figures are in Canadian dollars unless otherwise noted Gibson Energy Inc. (GBNXF) announced today that it has closed the previously announced offering of $350 million of 4.45% senior unsecured notes maturing on November 12, 2031. The Notes have been assigned ratings of ?BBB?? by S&P Global Ratings and ?BBB? with a ?Stable? trend by DBRS Morningstar.
- A look at the day ahead in Asian markets. Investors sobered up from post-election euphoria over Republican Donald Trump's victory and took some profits ahead of Wednesday's October U.S. CPI report, which kicks off a calendar thick with U.S. news events markets will be watching the rest of the week.
A look at the day ahead in Asian markets. Investors sobered up from post-election euphoria over Republican Donald Trump's victory and took some profits ahead of Wednesday's October U.S. CPI report, which kicks off a calendar thick with U.S. news events markets will be watching the rest of the week.
Brazil's central bank announced on Tuesday it will offer up to $4 billion in two swap auctions with repurchase agreements on Wednesday morning. The bank said it will hold the auctions at 10:30 a.m. local time on Wednesday, offering in each of them up to $2 billion.
The global economy relies on the ocean, with a value of key ocean assets estimated at USD $24 trillion ? equivalent to 3?5% of global GDP. G20 countries govern nearly half of the world?s coastline and are home to 60% of the world?s population.
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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