Japan's factory output rose 3.0% in October from the previous month, versus a median market forecast for a 3.9% rise, government data showed on Friday. Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect seasonally adjusted output to fall 2.2% in November and drop 0.5% in December.
Brazil's chief of staff Rui Costa told journalists in Brasilia on Thursday that President Luiz Inacio Lula da Silva has decided his upcoming nominations for the central bank board, which are expected to be sent to Congress on Friday or early next week.
As U.S. markets paused for Thanksgiving, European equities staged a rebound on Thursday, snapping a three-day losing streak. Germany?s annual inflation rate edged higher, rising from 2.0% in October to 2.2% in November, but came in just below market expectations of 2.3%. On a monthly basis, Germany?s consumer price index fell 0.2%, marking the sharpest decline in over a year.
* Tech shares boost European stocks. * South Korean central bank cuts interest rates. * Oil ticks up as Israel says ceasefire with Hezbollah breached. By Harry Robertson and Ankur Banerjee. European shares ticked up on Thursday after falling the previous day, while Asian stocks slipped, as trading volumes thinned ahead of the U.S. Thanksgiving holiday.
* Banxico says further rate cuts are on the table at next meetings. * Board members highlighted volatility from global events. * Members invite caution, one urged avoiding Brazil rates U-turn. * Two members open to discussing deeper interest-rate cuts. * Another cut likely at December meeting, says economist. By Brendan O'Boyle.
The Bank of Mexico's governing board expects that current inflation dynamics may allow further adjustments to the benchmark interest rate, minutes from the bank's November monetary policy decision showed on Thursday. Banxico, as the Mexican central bank is known, lowered its benchmark interest rate by 25 basis points to 10.25% in a unanimous decision by its governing board earlier this month.
Christine Lagarde, the European Central Bank chief, has called on European leaders to engage in negotiations with?Donald Trump?to avoid a trade war. What Happened: In?her first interview since Trump?s re-election, Lagarde warned that a trade war could severely impact global economic growth.
Alibaba Group Holding Limited (BABA) (NYSE: BABA and HKEX: 9988 and 89988, ?Alibaba,? ?Alibaba Group? or the ?Company?) () today announced the completion of an offering, on November 26, 2024, of US$2.65 billion aggregate principal amount of U.S. dollar-denominated senior unsecured notes, consisting of: US$1,000,000,000 4.875% notes due 2030 at an issue price per note of 99.838%; US$1,150,000,000 5.250% n...
The European Central Bank is once again facing questions over whether it would shore up France's rattled bond market as Prime Minister Michel Barnier is facing a budget test that could topple his unpopular government. The following looks at the ECB's options to help France. WHAT COULD THE ECB DO FOR FRANCE?
The Russian rouble rebounded on Thursday from a more than 7% slide against the U.S. dollar in the previous session after the central bank said it would stop buying foreign currency to stabilise financial markets.
* No near-term rate cut with core inflation above 2-3% * Policy to stay restrictive until confident on inflation. * Labour market still too tight, moving toward balance. By Wayne Cole. Australia's top central banker said on Thursday that core inflation was too high to allow for rate cuts in the near term, all but ruling out relief for borrowers at its next policy meeting in December.
Moody's Ratings changed Nissan
Motor's (NSANF) credit outlook to negative from stable while affirming its Baa3 ratings, taking into account the Japanese carmaker's worsening free cash flows from struggling businesses. Nissan (NSANF) earlier this month announced plans to axe 9,000 jobs and 20% of its manufacturing capacity globally to cut costs following sales slumps in China and the United States.
Japanese government bond yields fell on Thursday, tracking overnight declines in U.S. Treasury yields, while investors were less cautious about an interest rate hike amid a stronger yen.
* Yen slips in Asia but set for weekly jump. * Euro holds gains on hawkish policymaker remarks. * S. Korea cuts rates, dealers say authorities sell dollars. By Tom Westbrook. The dollar steadied on Thursday helped by a surprise interest rate cut in South Korea, while the yen eyed its strongest week in three months on growing bets Japan hikes rates in December.
European Central Bank President Christine Lagarde told the Financial Times that a trade war at large would be a "net negative for all" and not just for the targets of U.S. tariffs. "This can be in nobody's interest, neither for the United States nor for Europe, or anyone for that matter. Lagarde also added that tariffs would be negative for global growth in the long term.
* The longer-term bullish trend for gold remains intact - analyst. * Mexico warns Trump tariffs would kill 400,000 U.S. jobs. * Markets see 68.2% chance of rate cut in December. By Daksh Grover.
Asian shares were subdued on Thursday and the dollar was on the defensive after U.S. data showed progress in slowing inflation had stalled even as the economy remained resilient, raising doubt over the path the Federal Reserve could take next year. With the U.S. Thanksgiving holiday likely to keep trading thin for the rest of the week, traders remained hesitant in placing major bets.
Australia's world-beating labour market is one of the main obstacles stopping the country's central bank from joining global peers in reversing the most aggressive policy tightening cycle in decades.
The euro clung to its sharpest rise in four months on Thursday following hawkish remarks from a central bank policymaker, while the yen powered toward its strongest week in three months on growing bets Japan could hike interest rates in December. The moves stalled the dollar's resurgence ahead of what is likely to be thin trade through the rest of the week due to the U.S. Thanksgiving holiday.
Gold prices were steady on Thursday, as investors digested a flurry of economic data in the previous session and evaluated the possibility of a tariff war sparked by U.S. President-elect Donald Trump's policies. FUNDAMENTALS. * Spot gold was flat at $2,636.35 per ounce, as of 0013 GMT.
British car production experienced its eighth consecutive month of decline in October, as factories continued efforts to retool for making the next generation of zero-emission vehicles, according to industry data released on Thursday. A total of 77,484 new cars rolled off production lines, down 15.3% from last year, the Society of Motor Manufacturers and Traders said.
Chemours Co (CC): * THE CHEMOURS COMPANY ANNOUNCES COMPLETION OF PRIVATE OFFERING OF $600,000,000 AGGREGATE PRINCIPAL AMOUNT OF 8.000% SENIOR UNSECURED NOTES DUE 2033 Source text: Further company coverage:
A top New Zealand central banker said on Thursday that U.S. President-elect Donald Trump's economic policies could pose a medium-term risk to inflation though the bank had not conducted any formal modelling on potential impacts.
- A look at the day ahead in Asian markets. Investors were grappling with fresh U.S. inflation data and its implications for Federal Reserve policy along with continued fallout from Donald Trump's tariff pledges as trading in the U.S. was thinning out ahead of the Thanksgiving holiday.
By Lewis Krauskopf. A look at the day ahead in Asian markets. Investors were grappling with fresh U.S. inflation data and its implications for Federal Reserve policy along with continued fallout from Donald Trump's tariff pledges as trading in the U.S. was thinning out ahead of the Thanksgiving holiday.
The Chemours Company (CC) today announced it completed its previously announced private offering of $600,000,000 in aggregate principal amount of 8.000% senior unsecured notes due 2033 that was exempt from the registration requirements of the Securities Act of 1933, as amended.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc. (DMF), BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments.
LEXINGTON, Ky., Nov. 27, 2024 Ramaco Resources,?Inc. announced today the closing of its previously announced public offering of senior unsecured notes due 2029. The gross proceeds to the Company from the Offering, before deducting commissions and expenses, were approximately $50 million.
* PCE rises 2.3% in October on annual basis. * Dell, HP fall after downbeat quarterly forecasts. * Q3 GDP unrevised at 2.8%; weekly jobless claims at 213,000. By Saeed Azhar, Johann M Cherian and Purvi Agarwal.
The Investment Company Institute reported $1.221 billion of inflows into municipal bond mutual funds for the week ending Nov. 20. Exchange-traded funds saw inflows of $836 million.
* US inflation data sticky but matches estimates. * Bond market reaction muted as economic concerns prevail. * Bets on 25-basis-point Fed rate cut next month rise. * Seven-year auction meets good investor demand. By Davide Barbuscia.
* Canadian dollar gains 0.2% against the greenback. * Trades in a range of 1.4010 to 1.4077. * 10-year yield eases 6.5 basis points. By Fergal Smith. The Canadian dollar extended its recovery from a 4-1/2 year low against its U.S. counterpart on Wednesday as investors bet on Canada avoiding threatened U.S. trade tariffs through negotiation and looked ahead to domestic GDP data.
* Central bank study counters U.S. concerns that China is diverting trade through Mexico. * Quarterly report forecasts 'moderate' economic growth in coming years. * Bank board monitoring recent peso volatility, no need so far for intervention. * By Brendan O'Boyle and Anthony Esposito.
* PCE rises 2.3% in October on annual basis. * Dell, HP fall after downbeat quarterly forecasts. * Q3 GDP unrevised at 2.8%; weekly jobless claims at 213,000. * Indexes down: Dow 0.24%, S&P 500 0.33%, Nasdaq 0.61% By Johann M Cherian, Purvi Agarwal and Saeed Azhar.
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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