China's factory activity expanded at the fastest pace in five months in November as new orders, including those from abroad, led to a solid rise in production, pushing manufacturers' optimism degree to an eight-month high, a private-sector survey showed on Monday.
* Caixin/S&P Global PMI rose to 51.5 in November, highest since June. * New export orders rose for first time in four months. * Chinese firms cautious on hiring despite improved economic conditions.
Oil prices were little changed on Monday, as hopes of stronger demand stemming from higher factory activity in China was largely offset by concerns that the U.S. Federal Reserve will not cut interest rates again at its December meeting. Brent crude futures settled 1 cent lower at $71.83 a barrel.
* Dollar braces for payrolls, host of Fed speakers. * Yen off highs, ponder chance of BOJ rate hike. * Euro grapples with French politics, budget risk. By Wayne Cole. The dollar crept higher on Monday in what is shaping up to be a critical week for the prospect of U.S. rate cuts, while the yen's recent rebound was underpinned by wagers on rising rates at home.
HONG KONG, Dec. 1, 2024 This year marks the 45th anniversary of diplomatic relations between China and Portugal, as well as the tenth year of?Fosun's (FOSUF) deep engagement in the Portuguese market. Fosun (FOSUF) adheres to its strategy of being "rooted in China, globally operated."
Japanese government bond yields jumped on Monday, as comments from the Bank of Japan's governor drove bets for the central bank to hike interest rates as soon as this month.
Japan's factory activity shrank at the fastest pace in eight months in November as soft demand prompted firms to trim production, a private-sector survey showed on Monday. The final au Jibun Bank Japan manufacturing purchasing managers' index slipped to 49.0 in November, the lowest level since March, from 49.2 in October.
* US nonfarm payrolls report for Nov due on Dec 6. * Market bets for Dec Fed meeting lean to 25 bp cut. * S&P 500 hovers at records, P/E ratio at over 3-yr highs. By Lewis Krauskopf.
China's manufacturing activity expanded for a second straight month in November, an official factory survey showed on Saturday, supporting policymakers' optimism that recent fresh stimulus will get the world's No. 2 economy back on track.
MOODY'S: * MOODY'S RATINGS CHANGES HUNGARY'S OUTLOOK TO NEGATIVE FROM STABLE, AFFIRMS BAA2 RATINGS. * MOODY'S: DECISION TO CHANGE OUTLOOK TO NEGATIVE REFLECTS DOWNSIDE RISKS RELATED TO QUALITY OF HUNGARY'S INSTITUTIONS & GOVERNANCE. * MOODY'S ON HUNGARY SAYS EXPECT DEBT AFFORDABILITY TO BE PARTIALLY REVERSED BY 2025 Source text:
* Economic data 'on track' to meet our forecast, Ueda tells Nikkei. * Ueda says 'big question mark' on U.S. outlook - Nikkei. * Repeats remark signalling BOJ on course for more rate hikes. * Wage, pass-through of labour costs, consumption are key. * Remarks keep alive chance of rate hike at December meeting. By Leika Kihara and Roushni Nair.
With an estimated $13 billion calendar on tap, demand for paper will be bolstered by the $16 billion of redemptions coming Monday while mutual fund inflows, this week at about $560 million and concentrated in the long-end, signal solid investor support. Munis are returning 1.73% in November as of Friday.
Brazilian President Luiz Inacio Lula da Silva nominated Nilton David, head trader at Bradesco bank, to serve as the next monetary policy director at the central bank starting in January, the institution said on Friday. The appointment was accompanied by two additional nominations, all of which must still be confirmed by the Senate.
Bank of Japan Governor Kazuo Ueda revealed in an exclusive interview with Nikkei newspaper that the central bank will base whether to hike interest rates on critical economic indicators, particularly wage and inflation data.
Brazil's incoming central bank governor Gabriel Galipolo said on Friday that the monetary authority does not aim to target or defend any specific exchange rate level, intervening only in cases of "market dysfunction".
Canada's main stock index hit a record high on Friday after data showed the economy grew at an annualized rate of 1% in the third quarter, raising expectations for a larger interest-rate cut by the Bank of Canada next month. The S&P/TSX composite index was up 83.72 points, or 0.33%, at 25,627.24 and was on track to hit its fifth straight monthly gain.
The yen jumped to a six-week high against the dollar on Friday after faster-than-expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. Tokyo's core consumer price index, which excludes volatile fresh food costs, rose 2.2% year-on-year in November from a year earlier, up from 1.8% last month and beating forecasts for a 2.1% gain.
The coming week will give investors a fresh view into the health of the U.S. economy with the release of a closely watched employment report that could help determine the trajectory of interest rates in the months ahead. Stocks are heading into December with the benchmark S&P 500 near record highs following an over 25% year-to-date gain.
* US nonfarm payrolls report for Nov due on Dec 6. * Market bets for Dec Fed meeting lean to 25 bp cut. * S&P 500 hovers at records, P/E ratio at over 3-yr highs. By Lewis Krauskopf.
Canada's main stock index opened flat on Friday in thin trading volumes, while investors assessed gross domestic product data that reinforced expectations of the Bank of Canada implementing an interest-rate cut next month. At 9:31 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 10.68 points, or 0.04%, at 25,532.84.
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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