* Russia central bank decision on deck. * MSCI EM FX, stocks index set for weekly declines. * China bond yields fall. * EM FX up 0.1%, stocks down 0.8% By Lisa Pauline Mattackal.
Greece's current account deficit shrank in October compared to the same month in 2023, the Bank of Greece said on Friday. Central bank data showed the current account deficit was 383 million euros in October, down from a deficit of 1.21 billion euros in the same month a year ago.
* European and Asian stocks slide, Wall Street futures down. * Ten-year Treasury yields up above 4.5% * Dollar comes off boil but near two-year peak. By Iain Withers and Stella Qiu.
The Russian rouble strengthened against the U.S. dollar and China's yuan on Friday, ahead of an anticipated interest rate hike by the central bank that is, however, not expected to have a significant short-term impact on the currency.
* Trump says EU has tremendous trade deficit with the US. * Europe is already buying large chunk of US oil and gas. * US already exporting all the energy it doesn't consume at home. * EU says it is ready to discuss trade ties, including energy. * EU's trade surplus with U.S. is second largest after China.
Euro zone government bond yields edged down on Friday before U.S. inflation data later in the session that could provide further clues about the Federal Reserve's easing path. Euro area borrowing costs spent the previous session catching up with a jump in U.S. Treasury yields after the yield gap with German Bunds touched the highest in over 5 years.
Japan's Nikkei share average fell on Friday and logged its worst week in more than a month despite the tailwind from a weaker yen, as the decline on Wall Street and caution after major central bank policy decisions weighed. The Nikkei closed 0.29% lower at 38,701.90, bringing it to a weekly decline of 1.66%, its steepest decline since early-November.
The U.S. dollar's latest surge has forced central banks around the world to lean against it, selling greenback reserves to stabilise local currencies but potentially exaggerating dollar strength into the bargain and sowing problems down the line.
* ASX200 logs worst week since mid-April. * Banks slump; RBA meeting minutes due next week. * NZ50 snaps two-day losing streak. By Nikita Maria Jino and Roushni Nair. Banks dragged Australian shares lower on Friday and to their worst week since mid-April, as investors remained cautious after the U.S. Federal Reserve signalled fewer interest rate cuts in 2025.
HAMILTON, Bermuda, Dec. 20, 2024 Reference is made to the announcement on 5 June 2024 made by Paratus Energy Services Ltd. (PLSVF) published on the Company's website regarding the successful placement of USD 500 million new senior secured bonds.
* Dollar extends rally on hawkish Fed outlook. * Yen slides, officials step up intervention warnings. * US PCE data in focus. By Rae Wee. The dollar was set to cap the week on a strong note on Friday as it notched a two-year high bolstered by a hawkish U.S. rate outlook, while the yen struggled to stay afloat as it again weakened to a new low.
Asian currencies and stocks lost more
ground on Friday and were poised to close the week lower, as a
hawkish U.S. rate outlook kept investor sentiment subdued.
The Malaysian ringgit and ...
* Asian stock markets: https://tmsnrt.rs/2zpUAr4. * Yen steadies near 5-month low as BOJ sounds dovish. * Ten-year Treasury yields up 40 bps over two weeks. * Dollar at two-year peak, up 7% this year. * China keeps lending rates steady. By Stella Qiu.
Copper prices rebounded on Friday from a five-week low hit in the previous session, as most base metals gained on positive economic indicators from the United States. Gains were however limited by a stronger U.S. dollar and a hawkish Federal Reserve rate outlook. "The dollar remains strong. Three-month copper on the London Metal Exchange rose 0.6% to $8,934 per metric ton by 0712 GMT.
In rare criticism of its past policies, the Bank of Japan said former governor Haruhiko Kuroda's stimulus didn't change consumer psychology as much as planned, continuing a symbolic shift away from his decade of policy radicalism.
* Benchmark prices ease 2.5% for the week. * Dollar on track for third consecutive week of gains. * Fed policymakers prepare ground for rate-cut pause in 2025. * Sinopec says China's crude imports may peak next year. * Trump warns EU on tariffs if bloc doesn't buy more US oil, gas. By Arathy Somasekhar.
China kept its benchmark lending rates unchanged on Friday, with the one-year loan prime rate held at 3.1% and the five-year LPR at 3.6%. The People's Bank of China's decision comes as it works to stimulate economic growth and support the weakening yuan. This move follows a 25-basis-point rate cut by the U.S. Federal Reserve on Wednesday.
Japanese government bond yields dropped to the lowest in a month on Friday, a day after Bank of Japan Governor Kazuo Ueda surprised markets with his very cautious tone on further policy tightening. The five-year JGB yield dropped as much as 3 basis points to 0.68% for the first time since Nov. 13.
Global stocks slid on Friday ahead of a possible U.S. government shutdown, while European shares came under fire after Donald Trump threatened to impose tariffs if consumers in the region did not increase their purchases of U.S. oil and gas. A key read of U.S. inflation later in the day could also help shape investor expectations for where the Federal Reserve may steer interest rates next year.
Wall Street surged on Friday and the dollar softened as cooler-than-expected inflation data helped investors look past the possibility of a government shutdown and fresh tariff threats from U.S. President-elect Donald Trump. All three major U.S. stock indexes jumped more than 1%, gold surged and benchmark U.S. Treasury yields eased from multi-month highs.
* Asian stock markets: https://tmsnrt.rs/2zpUAr4. * Yen hits 5-month low as BOJ sounds dovish. * Ten-year Treasury yields up 40 bps over two weeks. * Dollar at two-year peak, up 7% this year. * China keeps lending rates steady. By Stella Qiu.
The U.S. dollar pulled back from a two-year high on Friday, but was heading for its third-straight week of gains, with data showing a slowdown in inflation two days after the Federal Reserve cut interest rates and indicated inflation was stubborn enough to scale back cuts in 2025.
* November core CPI rises 2.7% yr/yr vs forecast +2.6% * Index excluding fuel rises 2.4% yr/yr vs +2.3% in October. * Data comes in wake of BOJ's decision to keep rates steady. By Leika Kihara. Japan's core inflation accelerated in November as rising food and fuel costs hit households, data showed on Friday, keeping the central bank under pressure to raise interest rates.
Japan's core inflation accelerated in November as rising food and fuel costs hit households, data showed on Friday, keeping the central bank under pressure to raise interest rates. The data, which came in the wake of the Bank of Japan's decision to maintain interest rates at 0.25% on Thursday, highlights broadening inflationary pressure that could prod the bank to raise borrowing costs further.
Japan's core inflation accelerated in November as rising food and fuel costs hit households, data showed on Friday, keeping the central bank under pressure to raise interest rates. The data, which came in the wake of the Bank of Japan's decision to maintain interest rates at 0.25% on Thursday, highlights broadening inflationary pressure that could prod the bank to raise borrowing costs further.
* November core CPI rises 2.7% yr/yr vs forecast +2.6% * Index excluding fuel rises 2.4% yr/yr vs +2.3% in October. * Data comes in wake of BOJ's decision to keep rates steady. By Leika Kihara. Japan's core inflation accelerated in November as rising food and fuel costs hit households, data showed on Friday, keeping the central bank under pressure to raise interest rates.
Brazil's central bank will sell up to $3 billion in a spot dollar auction on Friday morning and will offer up to $4 billion in dollar auctions with a repurchase agreement, it said in separate statements on Thursday. The spot auction will start at 9:15am local time, while two auctions with a repurchase agreement will begin at 10:20am and 10:40am, respectively.
* US 10-year yields hit fresh 6-1/2-month high. * US 30-year yields rise to highest since early May. * US 2/10 yield curve steepens, widest gap in more than two years. * US rate futures price in one to two cuts in 2025. * US five-year TIPS auction shows soft demand. By Gertrude Chavez-Dreyfuss.
Impact-Resistant Roofing Gains Traction in Hurricane-Prone Areas. A homeowner in New Orleans, Louisiana, is the proud owner of a storm-resistant roof thanks to a $14,653 grant from the Federal Home Loan Bank of Dallas, awarded through its member Gulf Coast Bank & Trust.
The dollar
hovered near its two-year high on Thursday after the Federal
Reserve cut interest rates and signaled a much slower monetary
policy easing trajectory in 2025, while the yen weakened ...
Brazil's central bank will sell on Friday morning up to $3 billion in a spot dollar auction, and will offer up to $4 billion in dollar auctions with a repurchase agreement, it said in separate statements on Thursday.
- A look at the day ahead in Asian markets. As the dust settles on a remarkable 24 hours of central bank activity, investors in Asia round off the last full trading week of the year hoping for some respite from the global market selloff sparked by the Fed's 'hawkish cut' on Wednesday.
KBRA assigns a long-term rating of AA to the Triborough Bridge and Tunnel Authority Real Estate Transfer Tax Revenue Bonds, Series 2025A. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade: For Downgrade: To access ratings and relevant documents, click here.
By Jamie McGeever. A look at the day ahead in Asian markets. These nerves were partially soothed on Thursday by the Bank of England's surprisingly 'dovish hold' and the Bank of Japan's seeming ambivalence toward raising rates in January.
* BANK OF CANADA BOND AUCTION SCHEDULE SHOWS 14 AUCTIONS IN COMING QUARTER Source text: https://www.bankofcanada.ca/markets/government-securities-auctions/calls-for-tenders-and-results/bond-auction-schedule/
* 3Q US GDP revised up to 3.1% from 2.8% * European, Asian stocks lower after Fed meeting. * Dollar gives back some gains; gold rebounds. * Treasury yield curve steepest in over two years. By Stephen Culp.
VICI Properties Inc. (VICI) announced today that its subsidiary, VICI Properties L.P., has completed its public offering of $750 million in aggregate principal amount of 5.125% senior unsecured notes due 2031. The Issuer intends to use the net proceeds from the offering to repay its outstanding $750 million in aggregate principal amount of 3.500% senior notes due 2025.
* Micron, Lennar (LEN) fall after results. * Banks firm as U.S. bond yields rise. * Q3 GDP revised higher. By Chuck Mikolajczak. U.S. stocks ended little changed on Thursday, as an early rebound from a sharp drop in the prior session after the Federal Reserve forecast fewer-than-expected interest rate cuts and higher inflation next year.
Brazil's real rebounded from record
lows on Thursday amid continued support from the country's
central bank, while other currencies in the region stabilized a
day after the U.S. Federal ...
* US stocks recover from steepest selloff in months. * 3Q US GDP revised up to 3.1% from 2.8% * European, Asian stocks lower after Fed meeting. * Dollar gives back some gains; gold rebounds. * Treasury yield curve steepest in over two years. By Stephen Culp.
AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to ?bbb? from ?a-? of M&C General Insurance Company Limited.
* Micron, Lennar (LEN) fall after results. * Banks firm as U.S. bond yields rise. * Q3 GDP revised higher. * Indexes up: Dow 0.56%, S&P 500 0.48%, Nasdaq 0.52% By Chuck Mikolajczak. NEW YORK, Dec 19 - U.S. stocks rose on Thursday, bouncing modestly from a sharp drop in the prior session after the Federal Reserve forecasts fewer-than-expected interest rate cuts and higher inflation next year.
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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