Gold prices were subdued on Wednesday as investors remained cautious ahead of the U.S. consumer price inflation data that could provide more clarity on the Federal Reserve's interest rate trajectory. FUNDAMENTALS. * Spot gold eased 0.1% to $2,672.93 per ounce as of 0047 GMT. * Investors now await the Consumer Price Index print due at 1330 GMT to gauge the Fed's policy path.
South Korea's jobless rate jumped to the highest in 3-1/2 years in December, as political turmoil stoked economic uncertainty and dampened sentiment, data showed on Wednesday, a day ahead of the central bank's first monetary policy meeting of the year.
South Korea's jobless rate jumped to the highest in 3-1/2 years in December, as economic uncertainty heightened and sentiment dampened amid political turmoil, official data showed on Wednesday. The unemployment rate rose in December to 3.7% on a seasonally adjusted basis, the highest since June 2021 and sharply up from 2.7% in November, according to Statistics Korea.
Japanese manufacturers' sentiment recovered in January after a dip last month thanks to better conditions for materials industries, but their outlook remains flat due to uncertainty over proposed Trump policies, the Reuters Tankan poll found.
* Dow ends with gain, Nasdaq ends lower. * U.S. bond yields ease slightly after recent surge. * US CPI data on Weds key for Fed outlook. By Caroline Valetkevitch.
To gain an edge, this is what you need to know today. An enlarged chart of SPDR S&P 500 ETF Trust (SPY) which represents the benchmark stock market index S&P 500. Note the following: In the early trade, money flows are positive in Amazon.com, Inc., Alphabet Inc Class C, NVIDIA Corp, and TSLA.
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 ...
- A look at the day ahead in Asian markets. A pause in the global bond selloff took some wind out of the dollar's sails and allowed equities to regain their footing early on Tuesday but Wall Street's wobble ahead of U.S. inflation data could put Asian markets back on the defensive on Wednesday.
A look at the day ahead in Asian markets. The dollar and Treasury yields losing steam should offer emerging and Asian markets some welcome respite. Asian markets were buoyant on Tuesday. Japanese stocks went the other way, however, after Bank of Japan Deputy Governor Ryozo Himino flagged the chance of a rate hike next week.
The allure of 5% yields is driving investor inflows into long-dated Treasury ETFs, even as persistent bond market losses and rising macro uncertainties complicate the interest-rate outlook. Last week, iShares 20+ Year Treasury Bond ETF saw a staggering $1.5 billion in inflows, as etfdb.com data shows.
* US producer prices rise moderately in December. * Boeing (BA) dips following low 2024 jet deliveries report. * Eli Lilly (LLY) falls after weak sales forecast for weight-loss drug. * Dow up 0.52%, S&P 500 up 0.11%, Nasdaq down 0.23% By Chuck Mikolajczak.
"Even though it will be priced to sell, such large supply in one week may be a struggle for the asset class," said Anders S. Persson, Nuveen's chief investment officer for global fixed income, and Daniel J. Close, Nuveen's head of municipals.
Eaton Vance Municipal Bond Fund (EIM) announced today the final results of the Fund?s cash tender offer for the following amount of its outstanding common shares. The final results of the Tender Offer based on a count by Equiniti Trust Company, LLC, the depositary for the Tender Offer, are provided in the table below.
* US producer prices rise moderately in December. * Boeing (BA) dips following low 2024 jet deliveries report. * Eli Lilly (LLY) falls after weak sales forecast for weight-loss drug. By Chuck Mikolajczak.
Wednesday?s release of the December Consumer Price Index will provide fresh insights into inflation's trajectory, potentially influencing the Federal Reserve?s policy stance amid mounting uncertainty over interest rates.
* S&P 500 down in afternoon trading. * U.S. bond yields ease slightly after recent surge. * US CPI data on Weds key for Fed outlook. By Caroline Valetkevitch.
Argentina's central bank on Tuesday announced that it was slowing the rate of the local peso's devaluation, known as the crawling peg, to 1% per month from a prior rate of 2%. The announcement came about an hour after the publication of Argentina's December inflation data, which saw monthly price increases tick up very slightly to 2.7%, in line with forecasts.
* US producer prices rise 0.2% in December. * US 10-year yield hits 14-month high overnight of 4.8% * US 2/10 yield curve steepens. * US rate futures price in 30 bps easing or one cut this year. By Gertrude Chavez-Dreyfuss.
An index tracking Latin American currencies touched a
one-month high on Tuesday, as U.S. Treasury yields and eased and
the dollar stabilized, while investors remained focused on the
Federal ...
The House Ways and Means Committee has kicked off debate on the Tax Cuts and Jobs Act that is scheduled to sunset at the end of the year, with much at stake for the municipal market.
* US producer prices rise moderately in December. * Boeing (BA) dips following weak 2024 jet deliveries report. * Eli Lilly (LLY) falls after weak sales forecast for weight-loss drug. * Indexes: Dow off 0.10%, S&P 500 slips 0.21%, Nasdaq down 0.29% By Johann M Cherian and Sukriti Gupta.
Funds Will Help Families Dealing with Chronic Poverty. The Federal Home Loan Bank of Dallas, Origin Bank and Century Next Bank awarded $60,000 in Partnership Grant Program funding to Zion Traveler Community Development Corporation to assist the nonprofit with expenses including rental, utility and food assistance for families dealing with chronic poverty. This press release features multimedia.
* S&P 500 last nearly flat after losing early gains. * U.S. bond yields ease slightly after recent surge. * US CPI data on Weds key for Fed outlook. By Caroline Valetkevitch and Harry Robertson.
* Investors await CPI data on Wednesday. * Euro in positive territory, yen weakens. * Fiscal worries sill weigh on pound. By Laura Matthews and Stefano Rebaudo.
* US producer prices rise moderately in December. * Applied Digital (APLD) jumps after report of Macquarie's investment. * Eli Lilly (LLY) falls after weak sales forecast for weight-loss drug. * Indexes up: Dow 0.31%, S&P 500 0.37%, Nasdaq 0.64% By Johann M Cherian and Sukriti Gupta.
* Producer price index increases 0.2% in December. * Higher goods prices account for rise in the PPI. * Producer prices climb 3.3% on year-on-year basis. * Core PPI edges up 0.1%; gains 3.3% on year-on-year basis. By Lucia Mutikani.
* U.S. PPI rose 3.3% on an annual basis in December. * U.S. CPI data due on Wednesday. * Gold to be in demand as a diversifier, UBS says. By Anjana Anil. Gold prices extended gains on Tuesday after U.S. inflation data came in slightly weaker than expected, giving investors faint hope that the Federal Reserve would continue on its rate-easing path this year, sending the dollar lower.
French Prime Minister Francois Bayrou told parliament on Tuesday that his government is cutting its 2025 economic growth forecast to 0.9% from 1.1% and said that he will target a 2025 public deficit of 5.4% of GDP. He added that his government is sticking to a public deficit target of 3% of GDP in 2029.
* US producer prices rise moderately in December. * Applied Digital (APLD) jumps after report of Macquarie's investment. * KB Home (KBH) up after higher FY housing revenue forecast. * Futures up: Dow 0.33%, S&P 500 0.45%, Nasdaq 0.59% By Johann M Cherian and Sukriti Gupta.
Report details how private credit will continue to remain a resilient, high-performing asset class amidst global economic shifts and market volatility Percent, the platform powering the modern private credit marketplace, released their 2025 Private Credit Outlook.
Producer prices rose less than anticipated in December, offering a potential reprieve for the Federal Reserve as it aims to bring inflation under control without derailing economic growth. The data, released by the Bureau of Labor Statistics on Tuesday, showed the Producer Price Index rising 3.3% year-over-year, up from November's 3% but below forecasts of a 3.4% increase.
U.S. producer prices rose less than expected in December as higher costs for goods were partially offset by stable services prices, suggesting inflation remained on a downward trend after progress had stalled in recent months.
U.S. stock index futures extended gains on Tuesday after producer prices data showed abating inflation pressures, placating worries that the Federal Reserve will be cautious in cutting interest rates this year. Data from the Labor Department showed the Producer Price Index rose 3.3% on an annual basis in December 2024, compared with the 3.4% rise expected by economists polled by Reuters.
Latest FNM-HPI Reading Shows Year-over-Year Increase of 5.8 Percent in Q4 2024 WASHINGTON, Jan. 14, 2025 Single-family home prices increased 5.8 percent from Q4 2023 to Q4 2024, an acceleration from the previous quarter's downwardly revised annual growth rate of 5.4 percent, according to the latest reading of the Fannie Mae?Home Price Index.
Three Additional Leaders Reappointed for Housing and Economic Development Guidance. The Federal Home Loan Bank of Chicago is pleased to announce the appointment of Fern Orie, CEO of the Wisconsin Indigenous Housing and Economic Development Corporation, to its Community Investment Advisory Council for a three-year term. This press release features multimedia.
As an integrated provider with Freddie Mac's AIM Check API, Truv can deliver instant and automated assessment of paystub and W-2 data for lenders to use for their calculations of qualified income.
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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