BEIJING, Nov. 18, 2024 Chinese President?Xi Jinping arrived in Rio de Janeiro on Sunday local time for the 19th G20 Summit and a state visit to Brazil.
?CUSIP Global Services today announced the release of its CUSIP Issuance Trends Report for October 2024. North American corporate CUSIP requests totaled 7,597 in October, which is up 6.1% on a monthly basis. The aggregate total of identifier requests for new municipal securities ? including municipal bonds, long-term and short-term notes, and commercial paper ? rose 25.0% versus September totals.
Canadian housing starts in October rose by 8% versus the previous month as groundbreaking increased on multi-unit and single-family detached homes, data from the national housing agency showed on Monday. The seasonally adjusted annualized rate of housing starts rose to 240,761 units from a marginally revised 223,391 in September, the Canadian Mortgage and Housing Corporation said.
The $4.5 billion of New York Transportation Development Corp. bonds sold for the P3?won the Northeast category?of The Bond Buyer's 2024 Deal of the Year awards.
BondCliQ Inc., creator and operator of the first and only consolidated quote system for U.S. corporate bonds, announces today a partnership with BlackRock?s Aladdin? platform to deliver real-time, consolidated institutional pricing data to their client community.
Private sector economists in Brazil have scaled back their projections for interest rate cuts next year, now expecting borrowing costs to end 2025 at a higher level than in 2024.
CALGARY, AB, Nov. 18, 2024 NOVA Chemicals Corporation announced today that it intends to offer $400 million in aggregate principal amount of senior unsecured notes due 2031 in a private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended.
* CVS Health (CVS) gains on new board appointments in deal with Glenview. * Moderna (MRNA) advances after brokerage upgrade. * Futures: Dow down 0.32%, S&P 500 up 0.06%, Nasdaq up 0.40% By Lisa Pauline Mattackal and Purvi Agarwal.
MECHANICSBURG, Pa., Nov. 18, 2024 Select Medical Holdings Corporation (SEM), today announced that Select Medical Corporation has commenced a private offering, subject to market and other customary conditions, of $850 million in aggregate principal amount of senior notes due 2032.
HYDERABAD, India and GENEVA, Nov. 18, 2024 /PRNewswire/ -- AM Green Kakinada Cluster has joined the World Economic Forum's 'Transitioning Industrial Clusters' initiative aimed improving collaboration and develop a shared vision among co-located companies and public institutions with the goals of driving economic growth, employment and reducing CO2e emissions.
Chile's gross domestic product grew 0.7% in the third quarter of 2024 from the previous three-month period, slightly surpassing market expectations of a 0.6% increase, according to data released by the central bank on Monday. The growth contrasted with a 0.7% contraction in the second quarter but is below the 2.0% expansion in the first quarter.
Euro zone government borrowing costs rose on Monday as U.S. Treasury yields hovered around multi-month highs and markets waited for economic data which could adjust expectations for the European Central Bank's policy rates. Euro area negotiated wage figures are due on Wednesday and regional purchasing manager surveys on Friday.
Futures tied to Canada's main stock index rose on Monday, supported by metal prices, as investors looked forward to this week's domestic inflation data and AI darling Nvidia's (NVDA) quarterly earnings. December futures on the S&P/TSX index were up 0.27% at 6:04 a.m. ET.
The victory of President-elect Donald Trump accompanied by stronger-than-expected economic data has been able to shrug off the worries from the rise in Treasury yields as the S&P 500 Index, which fell by 2.3% last week at 5,870.62 is still higher than its pre-election levels of 5,712.69 points on Monday, Nov. 4. However, Fed Chair Jerome Powell?s pirouette on interest rate reduction on Th...
MOODY'S: * MOODY'S: DOWNGRADED GOV OF BANGLADESH'S LONG-TERM ISSUER AND SENIOR UNSECURED RATINGS TO B2 AND AFFIRMED SHORT-TERM ISSUER RATINGS AT NOT PRIME. * MOODY'S ON BANGLADESH: DOWNGRADE REFLECTS HEIGHTENED POLITICAL RISKS AND LOWER GROWTH. * MOODY'S: NEGATIVE OUTLOOK REFLECTS DOWNSIDE RISKS TO BANGLADESH'S GROWTH OUTLOOK BEYOND OUR CURRENT EXPECTATIONS.
- The U.S. Federal Reserve is no longer expected to cut interest rates at its December policy meeting, Nomura has said, making it the first global brokerage to signal a pause in the central bank's rate-cutting cycle in the wake of Donald Trump's election win.
* BOJ governor flags gradual hikes but vague on timing. * Dollar holds near one-year high as yields support. * Euro steadies, with eyes on Trump's Treasury pick. By Wayne Cole and Harry Robertson.
The tariffs promised by U.S. President-elect Donald Trump would upend international trade but may ultimately have a "minor impact" on inflation, European Central Bank policymaker Joachim Nagel said. Trump made tariffs a key element of his pitch to voters, in what some analysts fear could be a much worse rerun of the Republican former president's 2018-2019 trade war with China.
Euro zone borrowing costs were mixed on Monday, with U.S. Treasury yields settling around their recent highs while a weak economic outlook weighed on expectations for European Central Bank policy rates. Markets awaited data on euro area negotiated wages on Wednesday and PMIs on Friday.
Japan's Nikkei share average fell on Monday, taking cues from losses on Wall Street at the end of last week, after Bank of Japan chief Kazuo Ueda failed to offer strong hints on the timing of additional interest rate hikes.
La Francaise des Jeux SA: * FDJ ANNOUNCES SUCCESSFUL PLACEMENT OF ITS INAUGURAL BOND ISSUE FOR EUR 1.5 BLN TO REFINANCE KINDRED'S ACQUISITION. * EUR 500 MLN BONDS MATURING 2036 WITH 3.625% COUPON. * EUR 500 MLN OF BONDS MATURING ON 21 NOVEMBER 2033, WITH AN ANNUAL COUPON OF 3.375% * FINALISES EUR 400 MLN SYNDICATED LOAN TO BE REPAID OVER 5 YEARS.
* BOJ's Ueda stays vague on timing of next rate hike. * Nvidia (NVDA) earnings, Fed speakers among the week's highlights. * Dollar, Treasury yields supported by revised Fed outlook. By Rae Wee.
China's jobless rate for 16-to-24-year-olds, excluding college students, dropped to 17.1% in October from 17.6% in September, the statistics bureau data showed on Monday. However, the October jobless rate for 25-29 years old, excluding college students, rose slightly to 6.8% from 6.7% a month prior, the data showed.
India's central bank will launch a pilot programme in 2025 offering local cloud data storage to financial firms at affordable prices, according to two sources aware of the matter, who declined to be identified as conversations are confidential.
Japanese government bond yields fluctuated in narrow ranges on Monday as a closely watched speech and subsequent news conference by Bank of Japan Governor Kazuo Ueda failed to provide fresh clues on the pace of interest-rate hikes.
A look at the day ahead in European and global markets from Wayne Cole. It's been a relatively calm start to the week for markets with the early action in currencies, as the dollar nudged up on the yen after Bank of Japan Governor Kazuo Ueda again left investors guessing on the timing of rate hikes.
A look at the day ahead in European and global markets from Wayne Cole. It's been a relatively calm start to the week for markets with the early action in currencies, as the dollar nudged up on the yen after Bank of Japan Governor Kazuo Ueda again left investors guessing on the timing of rate hikes.
* Dollar holds near one-year high as yields support. * BOJ Gov flags gradual hikes, but vague on timing. * Host of Fed, ECB officials to speak this week. By Wayne Cole. The dollar rose against the yen on Monday after Japan's top central banker flagged further policy tightening ahead but left open the question of timing, leaving the market no clearer on whether a move would come next month.
Leaders from the Group of 20 major economies on Monday discussed proposals to reduce poverty, support developing nations and reform global institutions to give more voice to the "Global South" as they braced for whiplash from U.S. foreign policy.
Bank of Japan Governor Kazuo Ueda said the economy was progressing towards sustained wages-driven inflation and warned against keeping borrowing costs too low, leaving open the chance of another interest rate hike as early as next month.
Global shares rose on Monday while the U.S. dollar fell but still traded near one-year highs as traders pared expectations of future interest-rate cuts by the Federal Reserve. President-elect Donald Trump has begun making appointments, filling health and defense roles last week, but key positions for financial markets, Treasury secretary and trade representative have yet to be filled.
Global shares rose on Monday while the U.S. dollar fell but still traded near one-year highs as traders pared expectations of future interest-rate cuts by the Federal Reserve. President-elect Donald Trump has begun making appointments, filling health and defense roles last week, but key positions for financial markets, Treasury secretary and trade representative have yet to be filled.
* BOJ's Ueda says conditions for rate hikes gradually in place. * Nvidia (NVDA) earnings, Fed speakers among the week's highlights. * Dollar, Treasury yields supported by revised Fed outlook. By Rae Wee.
* Timing of rate hike to depend on economic outlook, Gov Ueda says. * Ueda warns over demerits of keeping real rates low for too long. * BOJ won't hold off on rate hike until all uncertainties clear. * Ueda upbeat on consumption, wages but wary of external risks. By Leika Kihara.
The dollar rose against the yen on Monday to resume its recent ascent after Japan's top central bank official signaled further monetary policy tightening was on the horizon, but was vague on the timing of any such hike.
* Dollar holds near one-year high as yields support. * BOJ Gov flags gradual hikes, but vague on timing. * Host of Fed, ECB officials to speak this week. By Wayne Cole. The dollar rose against the yen on Monday after Japan's top central banker flagged further policy tightening ahead but left open the question of timing, leaving the market no clearer on whether a move would come next month.
Bank of Japan Governor Kazuo Ueda said on Monday the central bank will keep raising interest rates if economic and price developments move in line with its forecasts.
China's biggest e-commerce company Alibaba Group (BABA) is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with direct knowledge of the matter. The company confirmed plans for bond fundraising in a regulatory filing on Monday but said the size, interest rate and maturity would be determined as the transaction progressed.
China's biggest e-commerce company Alibaba Group (BABA) is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with direct knowledge of the matter. The company confirmed plans for bond fundraising in a regulatory filing on Monday but said the size, interest rate and maturity would be determined as the transaction progressed.
BEIJING, Nov. 17, 2024 Brazil officially assumed the one-year presidency of the G20 in December 2023, with the motto "Building a just world and a sustainable planet." Over recent years, the two nations have strengthened cooperation across various sectors, including renewable energy, space technology and sustainable agriculture, working together to promote environmental and economic sustainability.
Alibaba Group Holding Limited (BABA) (NYSE: BABA and HKEX: 9988 and 89988, ?Alibaba,? ?Alibaba Group? or the ?Company?) () today announced that it proposes to concurrently offer U.S. dollar-denominated senior unsecured notes and RMB-denominated senior unsecured notes, subject to market and other conditions.
The dollar was looking to extend its bull run on Monday as lofty Treasury yields and a more restrained outlook for U.S. rate cuts burnished its attractiveness, though the risk of intervention had caused a pullback against the yen.
* Dollar holds near one-year high as yields support. * Markets await BOJ Gov speech, conference from 0100 GMT. * Host of Fed, ECB speakers due this week. By Wayne Cole. The dollar was looking to extend its bull run on Monday as lofty Treasury yields and a more restrained outlook for U.S. rate cuts burnished its attractiveness, though the risk of intervention had caused a pullback against the yen.
- A look at the day ahead in Asian markets. Asian markets could be in for a rocky ride on Monday, as rising U.S. bond yields, a surging dollar and a wobble on Wall Street on Friday call into question the wisdom of buying local assets. Fed Chair Jerome Powell's comments on Thursday - that the central bank is in no rush to lower interest rates - continue to reverberate around world markets.
A look at the day ahead in Asian markets. Asian markets could be in for a rocky ride on Monday, as rising U.S. bond yields, a surging dollar and a wobble on Wall Street on Friday call into question the wisdom of buying local assets. Fed Chair Jerome Powell's comments on Thursday - that the central bank is in no rush to lower interest rates - continue to reverberate around world markets.
Diplomatic tensions over global warming spilled over into the G20 summit negotiations in Brazil this week, with sources saying the 20 major economies reached a fragile consensus on climate finance that had eluded U.N. talks in Azerbaijan.
The Philippine central bank announced the launch on Monday of an interest rate swaps market anchored to a newly established benchmark rate to enhance bond market trading and liquidity.
Today, on the margins of the G20, a group of public and private sector leaders launched the Brazil Restoration & Bioeconomy Finance Coalition to accelerate the conservation and restoration of Brazil?s forests, with a targeted, aggregate investment of at least $10 billion by 2030 among all Coalition members.
Diplomatic tensions over global warming will take center stage at the G20 summit in Brazil this week, as negotiators at U.N. talks in Azerbaijan hit an impasse on climate finance that they hope leaders of the world's 20 major economies can break.
Joe Biden became the first sitting U.S. president to visit the Amazon rainforest on Sunday, flagging the dangers of global warming often dismissed by Donald Trump, who enters the White House in January vowing to scrap measures to fight climate change.
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.