Chinese President Xi Jinping announced a raft of measures designed to support the "Global South" at a gathering of leaders of the Group of 20 major economies in Rio de Janeiro, China's state television CCTV reported on Monday.
Greystone, a leading national commercial real estate finance company, has provided a $32,000,000 Commercial Mortgage Backed Security loan to refinance a 90-unit affordable housing property in Brooklyn, New York. Constructed in 2023 and located in the Clinton Hill neighborhood of Brooklyn, 58 Vanderbilt Avenue is a high-rise apartment building featuring studio-, one- and two-bedroom units.
* Biden makes pledge in closed-door G20 session in Brazil-sources. * World Bank seeks record top-up of IDA fund for poor countries. * U.S. funding of $4 bln pledge would come after Trump takes office. By David Lawder and Andrea Shalal.
MicroStrategy Inc. (MSTR) has announced the acquisition of 51,780 Bitcoin for approximately $4.6 billion, with an average price of $88,627 per coin. What Happened: According to the company's SEC filing on Monday, this purchase occurred between Nov. 11and Nov. 17, funded through proceeds from the issuance and sale of shares under its Sales Agreement.
MicroStrategy Inc. (MSTR) has announced the acquisition of 51,780 Bitcoin for approximately $4.6 billion, with an average price of $88,627 per coin. What Happened: According to the company's SEC filing on Monday, this purchase occurred between Nov. 11and Nov. 17, funded through proceeds from the issuance and sale of shares under its Sales Agreement.
* S&P 500, Nasdaq gain in choppy trading. * Gold prices soar as US dollar edges lower. * Oil prices gain 2% * Benchmark 10-year Treasury yields rise. By Chibuike Oguh and Samuel Indyk.
* BOJ governor flags gradual hikes but vague on timing. * Dollar holds near one-year high. * Eyes on Trump's Treasury pick. By Chuck Mikolajczak. The dollar advanced against the yen on Monday to resume its recent upward trend after Japan's top central bank official signaled further monetary policy tightening was likely, but was vague on the timing of any such hike.
* Nvidia (NVDA) falls after report Blackwell chips overheating. * Tesla jumps after report Trump team's could ease rules. * CVS Health (CVS) gains on new board appointments in Glenview deal. * Indexes: Dow down 0.08%, S&P 500 up 0.10%, Nasdaq up 0.24% By Lisa Pauline Mattackal and Purvi Agarwal.
Longer-dated U.S. Treasury yields edged higher on Monday as traders digested a still-strong U.S. economy and the likely policies of a Donald Trump administration after Republicans won the presidency and control of Congress. Yields rose heading into the Nov. 5 U.S. elections on expectations of a Republican sweep.
* Nvidia (NVDA) falls after report Blackwell chips overheating. * CVS Health (CVS) gains on new board appointments in Glenview deal. * Futures: Dow down 0.19%, S&P 500 down 0.01%, Nasdaq up 0.20% By Lisa Pauline Mattackal and Purvi Agarwal.
BEIJING, Nov. 18, 2024 A news report by?China.org.cn on China-U.S. trade: ? The stereotype that China has been taking advantage of the China-U.S. trade stems from the U.S.'s trade deficit with China.
Bank of the Pacific is proud to announce its continued commitment to our communities by partnering with the Federal Home Loan Bank of Des Moines to award eight non-profit associations in Washington state grants through the FHLB Member Impact Fund.
Goldman Sachs has projected a substantial increase in gold prices for the coming year, driven by heightened central bank acquisitions and expected reductions in U.S. interest rates. What Happened: Goldman Sachs has identified gold as a leading commodity trade for 2025, with prices anticipated to reach $3,000 per ounce by December 2025. "Go for gold," analysts said in a note.
* COP29 president calls for strong signal from G20. * U.N. climate chief urges countries to drop 'theatrics' * Some countries still blocking talks on fossil fuels. By Karin Strohecker, Nailia Bagirova and Kate Abnett. BAKU, Nov 18 - Leaders of the world's biggest economies must send a clear signal on the need to tackle global warming, COP29 climate summit host Azerbaijan said on Monday.
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.
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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