European government bonds yields struggled for direction on Thursday, while U.S. benchmark Treasury yields climbed to a new multi-month high, as investors geared up for higher U.S. inflation under a new Trump administration.
The euro zone economy will be hit with tariffs from the incoming U.S. Trump administration early next year, according to a majority of economists polled by Reuters, all but ensuring a series of interest rate cuts from the European Central Bank.
Economic activity in Brazil in September increased by a seasonally adjusted 0.8% from the previous month, a central bank index showed on Thursday, higher than the 0.5% rise predicted by economists polled by Reuters.
Federal Reserve governor Adriana Kugler said Thursday the central bank has made considerable progress in working to achieve its job and inflation goals, while stopping short of offering firm guidance over what that means for the near-term monetary policy outlook.
Hapag-Lloyd's CEO said on Thursday he expects continued strength in container shipping volumes, which are driven by global demand for transporting goods and seen as a proxy for trade and a health barometer for the world economy.
The Brazilian government must cut spending "to the bone" and there is an urgency to announce a much anticipated fiscal package, outgoing central bank chief Roberto Campos Neto told a local newspaper.
The Brazilian government must cut spending "to the bone" and there is an urgency to announce a much anticipated fiscal package, outgoing central bank chief Roberto Campos Neto told a local newspaper.
Futures tied to Canada's main stock index rose on Thursday, helped by crude prices, ahead of Federal Reserve Chair Jerome Powell's speech and U.S. economic data later in the day. December futures on the S&P/TSX index were up 0.2% at 6:03 a.m. ET. Powell's speech will take center stage as the top policymaker could offer possible remarks on the pace of future U.S. policy reduction.
-Wall Street's main indexes closed lower on Thursday after Federal Reserve Chair Jerome Powell dampened investors' hopes for another interest rate cut this year by saying the U.S. central bank need not rush to ease monetary policy.
* Futures up: Dow 0.11%, S&P 500 0.06%, Nasdaq 0.04% U.S. stock index futures were steady on Thursday as investors awaited a fresh batch of economic data and Federal Reserve Chair Jerome Powell's comments later in the day for clues on the outlook for the economy and monetary policy. The producer price index reading for October and weekly jobless claims data are expected at 8:30 a.m. ET.
President Joe Biden heads to South America on Thursday for a curtain call with global leaders after over 50 years in U.S. politics, but the man he tried and failed to keep from returning to power is likely to be the focus of many meetings: incoming U.S. President Donald Trump.
Euro zone industrial production fell more than expected in September with Germany suffering the biggest fall among the bloc's largest nations, indicating than a long-expected recovery could be even further delayed.
Euro zone employment rose a touch more than expected last quarter and the economy expanded at a respectable pace, keeping alive hopes for a soft landing after more than a year of near-stagnation, fresh data showed on Thursday.
Chinese e-commerce group JD.com (JD) missed market estimates for quarterly revenue on Thursday, as a persistent slowdown in the world's second-largest economy pressured consumers to keep a tight hold on their purse strings.
European government bonds yields edged up on Thursday, tracking U.S. Treasuries, as investors geared up for higher inflation over the longer term under a new Trump administration.
A look at the day ahead in European and global markets from Rae Wee. Market movement over the past week or so since Donald Trump won the U.S. presidential election have been characterised by a turbo-charged rally in bitcoin, higher Treasury yields and a relentless U.S. dollar.
A look at the day ahead in European and global markets from Rae Wee. Market movement over the past week or so since Donald Trump won the U.S. presidential election have been characterised by a turbo-charged rally in bitcoin, higher Treasury yields and a relentless U.S. dollar.
Japanese government bond yields climbed on Thursday, with short-end yields rising to their highest in more than a decade, as yields tracked their U.S. peers higher and investors pondered another interest rate hike in Japan as soon as December.
KELLOG, Idaho and VANCOUVER, British Columbia, Nov. 13, 2024 -- Bunker Hill Mining Corp. (BHLL) announces that it has closed the fourth 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$1,250,000, being the amount of US dollars equal to 39,619.6513 ounces of silver as of the date such amount ...
The head of Taiwan's central bank said on Thursday that he doubted that U.S. President-elect Donald Trump's new administration would penalise Taiwan given the island's central role in the semiconductor industry. Trump unnerved Taiwan on the campaign trail by accusing it of stealing American chip business.
The head of Taiwan's central bank said on Thursday that he doubted that U.S. President-elect Donald Trump's new administration would penalise Taiwan given the island's central role in the semiconductor industry. Trump unnerved Taiwan on the campaign trail by accusing it of stealing American chip business.
* 10-year yield +3bp to 4.48% * 'Red sweep' and inflation may slow rate cuts, analyst says. * Market prices 83% chance of Dec. rate cut. U.S. bonds fell on Thursday pushing 10-year yields to their highest since July as investors bracing for the incoming Donald Trump administration and sticky inflation demanded higher returns.
A gauge of global stocks fell for a third straight session on Thursday while the dollar climbed, after U.S. labor market data and comments from Federal Reserve Chair Jerome Powell suggested a slower path of rate cuts from the central bank.
BEIJING, Nov. 13, 2024 Chinese President?Xi Jinping is traveling from November 13 to 21 to attend the 31st APEC Economic Leaders' Meeting and pay a state visit to Peru, and attend the 19th G20 Summit and pay a state visit to Brazil, at the invitation of Peruvian President Dina Ercilia Boluarte Zegarra and Brazilian President Luiz In?cio Lula da Silva.
The U.S. dollar revisited a one-year high against major peers on Thursday, as a fourth straight winning session from momentum sparked by Donald Trump's election victory eclipsed a rise in bets for Federal Reserve easing. Cryptocurrency bitcoin also shot to a fresh record high of $93,480 overnight, and was rising back towards that level early in Asia's day.
Gilead Sciences, Inc. (GILD), a biopharmaceutical company that has pursued and achieved breakthroughs in medicine for more than three decades, today announced the pricing of senior unsecured notes in an aggregate principal amount of $3.5 billion, in an underwritten, registered public offering, consisting of $750 million of 4.80% senior notes maturing in 2029, $1 billion of 5.10% senior notes maturing ...
Australia's employment growth slowed in October after a strong run, but the jobless rate stayed low and underlying trends remained relatively healthy, suggesting there is little rush to cut interest rates. Figures from the Australian Bureau of Statistics on Thursday showed net employment rose 15,900 in October from September, when they jumped by a revised 61,300.
A man killed himself with a bomb outside Brazil's Supreme Court after trying to enter the building on Wednesday, officials said, stirring security concerns before the country hosts global leaders from the Group of 20 major economies. The blasts come five days before the G20 heads of state meet in Rio de Janeiro, followed by a state visit to the capital Brasilia by Chinese President Xi Jinping.
Brazil's incoming central bank chief Gabriel Galipolo said on Wednesday that pursuing its 3% inflation target is non-negotiable for policymakers, but that there are various paths to achieve that goal.
* October CPI rises in line with forecast. * Rivian soars after Volkswagen increases investment. * Spirit plummets on report of bankruptcy preparation. * Indexes: Dow up 0.11%, S&P 500 up 0.02%, Nasdaq off 0.26% By Sin?ad Carew and Purvi Agarwal.
AM Best has downgraded the Financial Strength Rating to C++ from B- and the Long-Term Issuer Credit Rating to ?b? from ?bb-? of Upstream Life Insurance Company. The ratings reflect Upstream Life?s balance sheet strength, which AM Best assesses as weak, as well as its marginal operating performance, limited business profile and weak enterprise risk management.
* CPI meets expectations. * Bitcoin tops $93,000. * US yields off earlier lows. By Chuck Mikolajczak. 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.
* US CPI comes in line with forecasts, short-dated yields fall. * US rate futures raise odds of Fed easing in December. * US yield curve steepens as cuts priced in. By Gertrude Chavez-Dreyfuss.
The Dow and the S&P 500 rose slightly on Wednesday 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. The consumer price index rose 0.2% in October for the fourth straight month and advanced 2.6% on an annual basis, the Labor Department's Bureau of Labor Statistics said.
Synaptics? Incorporated today announced its intention to offer, subject to market and other conditions, $400.0 million aggregate principal amount of convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
West Texas Intermediate crude oil is set to price at $60-80 per barrel in the near-future, Devon Energy CEO Richard Muncrief told attendees at an energy conference hosted by the Federal Reserve Banks of Dallas and Kansas City on Wednesday. Crude demand is set for modest growth in 2025 compared with 2024, Muncrief added.
Market reaction to inflation numbers was "tempered," said Richard Flax, chief investment officer at Moneyfarm. But should inflationary pressures hold in 2025, "markets may anticipate that further rate cuts could be limited in scope, suggesting a more cautious investment outlook."
KBRA has placed Chicago's general obligation bond rating on watch for downgrade as the City Council prepares to vote tomorrow on a proposed property tax increase.
* CPI meets expectations. * Bitcoin tops $93,000. * US yields off earlier lows. By Chuck Mikolajczak. A gauge of global stocks declined for a second straight session and longer-dated U.S. Treasury yields edged up in choppy trading as investors assessed the latest U.S. inflation data and the path of interest rates from the Federal Reserve. The.
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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