Wish lists for new or improved professional sports venues are piling up with Oklahoma City poised to vet financing proposals for a downtown basketball arena.
* December Producer Price Index report due at 8:30 a.m. ET. * Applied Digital (APLD) jumps after report of Macquarie's investment. * Futures up: Dow 0.25%, S&P 500 0.32%, Nasdaq 0.38% By Johann M Cherian and Sukriti Gupta.
For the fourth year in a row, Berry Global Group, Inc. (BERY) has received an upgraded environmental, social and governance rating from international ratings agency MSCI. ?We are incredibly proud of our recent upgrade by MCSI to an ?AA? rating. Over the past year, Berry Global (BERY) drove improvements across the MSCI key issues of Corporate Governance, Corporate Behavior, and Packaging Material & Waste.
* Investors await US inflation data on Tuesday, Wednesday. * Euro in positive territory, yen weakens. * Fiscal worries sill weigh on pound. By Stefano Rebaudo. The dollar rose towards its highest level in more than two years on Tuesday as strong economic data led investors to scale back bets on Federal Reserve rate cuts, while potential U.S. tariffs remained in the spotlight.
* Futures up: Dow 0.33%, S&P 500 0.48%, Nasdaq 0.65% U.S. stock index futures rose on Tuesday, supported by falling Treasury yields as investors awaited December's inflation numbers as well as upcoming corporate earnings to assess the health of the world's largest economy.
U.S. small-business confidence surged to the highest level in just over six years in December, extending post election gains. The National Federation of Independent Business said on Tuesday its Small Business Optimism Index increased 3.4 points to 105.1 last month, the highest reading since October 2018. It was the second straight month that the index pushed past the 51-year average of 98.
* US PPI due at 1330 GMT, US CPI expected on Wednesday. * Dollar down 0.4% against its rivals. * Platinum to be under-supplied in 2025, UBS says. By Anushree Mukherjee.
* Senior central bank official warns of bond market bubble risk. * PBOC has suspended treasury bond purchases to stabilize yuan. * Chinese bond yields keep sliding. * Deputy governor emphasizes yuan stability measures.
* Short-term rate swaps above longer ones since mid-December. * Yuan has been weakening since Trump's election win. * Analysts say China may not cut rates quickly given weak yuan. Investors are dialling back bets on near-term rate cuts in China, the derivatives market shows, as expectations grow that policymakers will refrain from easing policy when the yuan is weakening.
Fab 12A in Tainan, Taiwan is among 17 new sites joining the Global Lighthouse Network United Microelectronics Corporation (UMC), a leading global semiconductor foundry, today announced that its flagship Fab 12A in Tainan, Taiwan has been selected for the World Economic Forum?s Global Lighthouse Network, a group of 189 sites identified as exemplars in leveraging Fourth Industrial Revolution technologi...
S&P Global Ratings revised Nissan Motor's (NSANF) credit outlook to negative from stable and affirmed its BB+ rating, as it expected it would take the Japanese automaker longer to improve its business performance.
* Euro and sterling edge up versus dollar. * Investors jittery over tariff threat, Fed policy. * U.S. inflation report due on Wednesday. * Fiscal worries keep pound in focus. By Ankur Banerjee and Stefano Rebaudo.
S&P Global Ratings revised Nissan Motor's (NSANF) credit outlook to negative from stable and affirmed its BB+ rating, as it expected it would take the Japanese automaker longer to improve its business performance.
Syria's new central bank governor, Maysaa Sabreen, said she wants to boost the institution's independence over monetary policy decisions, in what would be a sea change from the heavy control exerted under the Assad regime. Sabreen, previously the Central Bank of Syria's number two, took over in a caretaker role from former governor Mohammed Issam Hazime late last year.
U.S. Treasury yields dipped while the S&P 500 ended slightly higher on Tuesday after data showed U.S. producer prices rose less than expected in December, but investors remained cautious ahead of U.S. consumer price data on Wednesday and the start of quarterly earnings reports.
China will adjust and improve policy implementation force and pace to hit its full-year economic and social development targets, a central bank official said on Tuesday. Xuan Changneng, deputy governor of the People's Bank of China, made the remarks at a news briefing in Beijing.
Japan's service-sector sentiment improved in December but companies expect conditions to sour ahead, a government survey showed on Tuesday, a sign the rising cost of living was weighing on household spending.
Japan's Nikkei share average slumped on Tuesday as investors sold semiconductor stocks after the U.S. government said it would further restrict artificial intelligence chip and technology exports.
Japanese government bond yields rose to fresh 14-year highs on Tuesday, lifted by surging U.S. bond yields and speculation of a possible interest rate hike by the Bank of Japan next week. The 10-year JGB yield advanced 5.5 basis points to stand at 1.25% as of 0540 GMT, a level last seen in April 2011.
* Euro, yen, yuan and sterling remain under pressure. * Fiscal worries keep pound in focus. * Investors jittery over tariff threat. * U.S. inflation report due on Wednesday. By Ankur Banerjee.
The Bank of Japan will debate whether to raise interest rates next week as prospects of sustained wage gains heighten and the U.S. policy outlook becomes clearer in President-elect Donald Trump's inaugural address, Deputy Governor Ryozo Himino said.
* Negative real rates not normal when Japan out of deflation. * Trump's inaugural address to offer broad direction of policy. * Himino offers upbeat view on this year's wage outlook. * Month-on-month rise in import prices 'quite high' * Remarks come ahead of BOJ's Jan. 23-24 policy meeting. By Leika Kihara.
* US PPI report due at 1330 GMT; CPI data due on Wednesday. * Speculators raise net long positions by 12,116 contracts. * Gold has assumed its mantle as inflation hedge - analyst. By Rahul Paswan.
Chemtrade Logistics Income Fund : * CHEMTRADE LOGISTICS INCOME FUND ANNOUNCES PRICING OF $125 MILLION REOPENING OF SENIOR UNSECURED NOTES BY ITS WHOLLY-OWNED SUBSIDIARY, CHEMTRADE LOGISTICS INC. * CHEMTRADE LOGISTICS INCOME FUND - NOTES ISSUED AT $1,002.50 PER $1,000 PRINCIPAL AMOUNT.
* US equity futures make small bounce. * Japan's Nikkei slides 1.5% By Caroline Valetkevitch and Tom Westbrook. Ten-year Treasury yields hit 14-month highs, driving a spike in the dollar and a wave of selling in technology stocks which spread to Asia in early trade, with Japan's Nikkei sliding after a holiday break and U.S. inflation data on investors' minds.
U.S. Treasury yields dipped while the S&P 500 ended slightly higher on Tuesday after data showed U.S. producer prices rose less than expected in December, but investors remained cautious ahead of U.S. consumer price data on Wednesday and the start of quarterly earnings reports.
The Bank of Japan will debate whether to raise interest rates at next week's policy meeting based on its new quarterly growth and inflation forecasts, Deputy Governor Ryozo Himino said on Tuesday.
-The dollar weakened against the euro on Tuesday but stayed near its highest level in more than two years as cooler-than-expected inflation data following last week's strong jobs report made it hard to project the Federal Reserve's next moves on interest rates. Data showed U.S. producer prices increased moderately in December.
* Euro, yen, yuan and sterling remain under pressure. * Fiscal worries keep pound in focus. * Investors jittery over ebbing tariff threats. * U.S. inflation report due on Wednesday. By Ankur Banerjee.
The European Central Bank will keep cutting interest rates and should end policy restriction in the coming months, but looming trade tariffs, which may not even be effective, cloud the outlook, Finnish policymaker Olli Rehn said on Tuesday.
Australian consumer sentiment dipped for a second month in January as financial stress dominated at the start of the new year, a survey showed on Tuesday, suggesting spending will remain subdued in the near term.
Mortgage rates last week reached their highest levels since July 2024 with the average 30-year fixed mortgage rate staying above 7%, according to Bankrate. The Details: Mortgage rates have climbed higher following recent economic data which has dampened Wall Street's expectations for the Federal Reserve to cut rates in the near future and caused 10-year Treasury yields to surge.
Atlantic Union Bankshares Corporation (AUB) and Sandy Spring Bancorp, Inc. (SASR) jointly announced today the receipt of regulatory approvals from the Federal Reserve Bank of Richmond, acting on delegated authority from the Board of Governors of the Federal Reserve System, to complete the previously announced merger of Sandy Spring with and into Atlantic Union in an all-stock transaction.
* Nasdaq ends lower, S&P 500 ends up slightly. * Investors lower expectations on Fed easing in 2025. * Market watchers await US CPI data, due Wednesday. By Caroline Valetkevitch.
KBRA assigns a rating of BBB to Blue Owl Technology Finance Corp. $650 million, 6.100% senior unsecured notes due March 15, 2028. Key Credit Considerations OTF benefits from its ties to the $128.4 billion Blue Owl Credit platform, with approximately $27 billion deployed into the technology strategy across all funds since inception.
- The boards of directors of the Federal Reserve's 12 regional banks have grown more diverse by gender and race in 2025, data released by the U.S. central bank on Monday showed, though as a group the banks' chairs and deputy chairs have not. Women hold 10 of the 24 leadership positions at Fed bank boards, the same number as last year, a Reuters review of those named this year shows.
A look at the day ahead in Asian markets. As if that wasn't reason enough for investors to keep their guard up, U.S. CPI inflation data will be released the following day, when the fourth quarter U.S. earnings season kicks off too. The S&P 500's fall on Monday at one point wiped out all the index's post-U.S. election gains.
The boards of directors of the Federal Reserve's 12 regional banks have grown more diverse by gender and race in 2025, data released by the U.S. central bank on Monday showed, though as a group the banks' chairs and deputy chairs have not. More broadly, however, of the 108 spots on the 12 Fed bank boards, 43% are filled by women, up from 39% last year.
Mr. Greig Brings Decades of Experience in Financial Services, Risk Management, Strategy, and Operations to the Board Sallie Mae?, formally SLM Corporation (SLM), today announced the appointment of Henry Greig to its board of directors, effective January 12, 2025. Mr. Greig brings decades of industry experience in financial services, risk management, strategy, and operations to the Board.
Plains All American Pipeline, L.P. (PAA) today announced that it and PAA Finance Corp., a wholly owned subsidiary of PAA, as co-issuer, have priced an underwritten public offering of $1 billion aggregate principal amount of 5.950% senior unsecured notes due 2035 at a price to the public of 99.761% of their face value.
Williams, a former salesman and founder of A. H. Williams & Co., became a "giant" in the Pennsylvania muni world through relationships built on trust.?
The dollar rose on Monday,
driving its peers to multi-year lows, after Friday's blowout U.S. jobs
report underscored economic strength and fueled growing doubts about
the Federal Reserve cutting ...
* US two-year yield hits highest since July 2024. * US 2/10 yield curve steepens, hits widest gap since May 2022. * US rate futures price in just 27 bps of cuts in 2025. * Market now looks to US inflation, retail sales data. By Gertrude Chavez-Dreyfuss.
The muni market also faces an elevated new-issue calendar, which may put additional pressure on muni yields. Bond Buyer 30-day visible supply sits at $17.57 billion.
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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