The number of active ETFs launched has skyrocketed this year, with 20 new funds launched year-to-date. This compares with the four passive ETFs created so far in 2024, according to Morningstar Direct data.
Living-wage job prospects mixed across demographic categories WASHINGTON, Nov. 14, 2024 The U.S. "functional unemployment" rate saw a slight uptick in October, rising 0.1 percentage points, according to the latest True Rate of Unemployment by the Ludwig Institute for Shared Economic Prosperity.
High union wage settlements and the possibility of coming tariff increases are among the uncertainties that could make U.S. Federal Reserve officials more cautious about thinking they have won their battle against high inflation, Richmond Federal Reserve president Tom Barkin said on Thursday.
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to ?a-? from ?bbb+? of Gulf Insurance Group ? Jordan. The ratings reflect GIG Jordan?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
* PPI rises 0.2% on monthly basis in October. * Weekly jobless claims lower than forecast. * Walt Disney (DIS) up after beating Q4 earnings estimates. * Tapestry gains after terminating Capri deal. * Indexes down: Dow 0.08%, S&P 500 0.16%, Nasdaq 0.18% By Lisa Pauline Mattackal and Purvi Agarwal.
Wall Street's main indexes edged higher at the open on Thursday after a broadly in line reading of producer prices data, with investors awaiting Federal Reserve Chair Jerome Powell's comments later in the day for clues on the outlook for interest rates.
* PPI rises 0.2% in October, jobless claims lower than forecast. * Walt Disney (DIS) up after beating Q4 earnings forecast. * Tapestry gains after terminating Capri deal. * Futures: Dow up 0.17%, S&P 500 down 0.03%, Nasdaq down 0.08% By Lisa Pauline Mattackal and Purvi Agarwal.
U.S. producer prices picked up in October, lifted by higher costs for services like portfolio management and airline fares, another sign that progress towards lower inflation was stalling.
- Futures tied to the Federal Reserve's policy rate edged down after data showed wholesale prices firmed a little more than expected last month, though not enough to suggest traders have lost confidence that the U.S. central bank will cut short-term borrowing costs again next month.
Producer inflation in October came slightly higher than anticipated Thursday, casting doubts on whether the U.S. economy's broader disinflationary trend will hold through the year?s final quarter. Compared to October 2023, the Producer Price Index surged to 2.4% last month, up from upwardly revised 1.9% and surpassing projections of 2.3% as tracked by TradingEconomics data.
The number of Americans filing new applications for unemployment benefits fell last week, suggesting the labor market continued to chug along and that the abrupt slowdown in job growth in October was an aberration. Initial claims for state unemployment benefits dropped 4,000 to a seasonally adjusted 217,000 for the week ended Nov. 9, the Labor Department said on Thursday.
The number of Americans filing new applications for unemployment benefits fell last week, suggesting the labor market continued to chug along and that the abrupt slowdown in job growth in October was an aberration. Initial claims for state unemployment benefits dropped 4,000 to a seasonally adjusted 217,000 for the week ended Nov. 9, the Labor Department said on Thursday.
U.S. utility firm Talen Energy (TLN) beat Wall Street estimates for third-quarter core profit on Thursday, helped by higher electricity rates and resilient demand for power. Shares of the utility were up nearly 7% in premarket trading. Power consumption is expected to reach record highs in 2024 and 2025 due to surging demand from artificial intelligence and data centers.
A European Central Bank rate cut last month was seen as an insurance move against unexpectedly low inflation but policymakers appear divided on the risk of excessively low price growth, the accounts of their Oct 16-17 meeting showed on Thursday.
Economic activity in Brazil increased more than expected in September, yet another sign of strength after the central bank accelerated its monetary tightening pace. The IBC-Br index, a leading indicator of gross domestic product, rose by a seasonally adjusted 0.8% from the previous month, the central bank said on Thursday, higher than the 0.5% rise predicted by economists polled by Reuters.
-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.
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.
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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