* US 10-year yield on pace for largest daily fall in two months. * US 2/10 yield curve flattens after inflation data. * US rate futures price in 40 bps of easing in 2025. By Gertrude Chavez-Dreyfuss.
* US core CPI rises 3.2% on a yearly basis in December. * Dollar down 0.3% against its rivals. * Markets expect 37.2 bps worth of rate cuts by year-end. By Anjana Anil. Gold prices pared gains on Wednesday after a U.S. consumer inflation report offered mixed signals about the future path of rate cuts this year, even as a drop in the U.S. dollar and Treasury yields limited bullion's losses.
Canada's main stock index opened higher on Wednesday, helped by information technology shares, as investors welcomed a U.S. inflation print that lifted hopes for more rate cuts this year by the Federal Reserve. At 9:31 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 1%, or 258.9 points, at 24847.48.
Federal Reserve policymakers may be able to reduce interest rates a couple of times this year, traders bet on Wednesday, after a government report helped allay fears that inflation was accelerating in the final full month of Joe Biden's presidency.
Former Bank of Canada governor Mark Carney will announce on Thursday he is running to replace Prime Minister Justin Trudeau as leader of the ruling Liberal Party, CBC News said on Wednesday. Carney, 59, will launch his bid at an event in the western city of Edmonton, CBC said, citing an invitation sent by Liberal legislator George Chahal.
MISSISSAUGA, Ontario---- Schneider Electric, the leader in the digital transformation of energy management and automation, today announced that its Wuxi factory in China has been recognized by the World Economic Forum as a Sustainability Lighthouse. This press release features multimedia.
Euro area benchmark Bund yields fell on Wednesday, breaking a 10-day rising streak, as core U.S. consumer price inflation came in below expectations in December, bringing back bets on two Federal Reserve rate cuts in 2025.
Freddie Mac??and Intercontinental Exchange, Inc. (ICE), a leading global provider of technology and data, today announced enhancements that leverage both companies? automation technologies to enable lenders to more quickly and efficiently underwrite mortgage loans starting at the point of sale.
U.S. consumer prices increased slightly more than expected in November as energy costs rose, pointing to an inflation trend that lines up with the Federal Reserve's view for a slower path of rate cuts this year. The consumer price index rose 0.4% last month after climbing 0.3% in November, the Labor Department's Bureau of Labor Statistics said on Wednesday.
- Traders of interest-rate futures on Wednesday were pricing close to even odds the Federal Reserve will cut interest rates twice by the end of this year, with the first reduction to come in June. Government data showed consumer prices rose 2.9% in the 12 months through December, in line with economists' expectations.
The Federal Home Loan Bank of Indianapolis and LISC Detroit announced today a new program designed to help resolve and prevent ongoing heirs? property issues in the city of Detroit.
Consumer inflation surged for the third straight month in December, rekindling concerns that the months-long cooling of price pressures could be over and casting doubt on the Federal Reserve?s ability to steer inflation toward its 2% target. The headline Consumer Price Index rose 2.9% year-over-year in December, according to Wednesday?s data from the Bureau of Labor Statistics.
Traders of interest-rate futures on Wednesday were pricing close to even odds the Federal Reserve will cut interest rates twice by the end of this year, with the first reduction to come in June. Government data showed consumer prices rose 2.9% in the 12 months through December, in line with economists' expectations.
U.S. Treasury yields fell on Wednesday after data showed headline inflation in the world's largest economy rose marginally above forecasts in December, while the core number came in as expected. U.S. 10-year yields extended their fall after the data and was last down 8.6 basis points at 4.702%. The U.S. two-year yield, which reflects interest rate expectations, dropped 8 bps to 4.287%.
U.S. stock index futures extended gains on Wednesday as investors assessed a broadly in-line consumer inflation report to gauge its effect on the Federal Reserve's monetary policy easing this year. Data from the Labor Department showed the consumer price index rose 2.9% on an annual basis in December 2024, in line with the expectations of economists polled by Reuters.
U.S. consumer prices increased slightly more than expected in December amid higher costs for energy goods, pointing to still elevated inflation that aligns with the Federal Reserve's projections for fewer interest rate cuts this year. The consumer price index rose 0.4% last month after climbing 0.3% in November, the Labor Department's Bureau of Labor Statistics said on Wednesday.
Financial analysts are bracing for a potentially volatile week as markets grapple with inflationary concerns and the looming inauguration of Donald Trump.. A preview of the December Consumer Price Index suggests persistently elevated inflation, despite a recent dip in the Producer Price Index, raising fears among investors and impacting bond yields and equity markets.
Ohio is facing steeper than projected declines in cigarette smoking, and thus in tobacco settlement revenues, and disputes from tobacco giants over payments.
Actively managed ETF targets attractive income by investing across fixed income securities, with a focus on corporate bonds Infrastructure Capital Advisors, a leading provider of investment management solutions designed to meet the needs of income-focused investors, is today announcing the launch of the latest addition to the firm?s lineup of Exchange-Traded Funds, the Infrastructure Capital Bo...
* Yen appreciates on rising prospect of BOJ hike. * British inflation unexpectedly slows. * Sterling steady even as gilts rally. * Dollar recovers from Tuesday's fall. * China's yuan again very close to daily downside limit. By Rae Wee and Alun John.
* December CPI data due at 8:30 a.m. ET. * JPMorgan (JPM), Wells Fargo (WFC) post higher Q4 profits. * BlackRock (BLK) assets hit record $11.6 trillion in Q4 2024. * Futures up: Dow 0.37%, S&P 500 0.33%, Nasdaq 0.39% By Johann M Cherian and Sukriti Gupta.
The interest rate for the most popular U.S. home loan rose last week to an eight-month high of 7.09%, extending an upward trend that's squeezing would-be homebuyers already facing rising house prices and limited supply. The average contract rate on a 30-year fixed-rate mortgage rose 10 basis points in the week ended Jan. 10, the Mortgage Bankers Association said on Wednesday.
Any moves to pursue financial deregulation by the incoming U.S. administration would increase the risk of a financial crisis occurring one day, France's central bank governor warned on Wednesday.
Any moves to pursue financial deregulation by the incoming U.S. administration would increase the risk of a financial crisis occurring one day, France's central bank governor warned on Wednesday.
Lawsuits surrounding everything from unethical sponsorships to the sale of refunding bonds swept across markets last year, creating a municipal battleground.
* German GDP contracts 0.2% in 2024, exports fall 0.8% * First back-to-back annual contraction since early 2000s. * Fall in full-year GDP in line with forecast. * Fourth quarter's 0.1% fall suggests no upturn imminent. By Maria Martinez. BERLIN, Jan 15 - Germany's economy contracted for the second consecutive year in 2024, highlighting the depth of the downturn gripping Europe's biggest economy.
The U.S. bond market is sending significant signals to Wall Street and Washington as Treasury yields approach levels not seen in nearly two decades, potentially complicating the incoming president-elect Donald Trump administration?s economic agenda. What Happened: The yield on the 10-year Treasury has surged more than 1% since September, nearing the psychologically important 5% threshold.
* S&P 500 futures flat, oil up. * Dollar, bond yields tick lower ahead of CPI. * Pound holds, gilts soothed by UK inflation. * Sterling, gilts in focus ahead of UK CPI data. By Amanda Cooper.
Armed conflict is the top risk in 2025, a World Economic Forum survey released on Wednesday showed, a reminder of the deepening global fragmentation as government and business leaders attend an annual gathering in Davos next week.
* Yen gains on rising prospect of BOJ hike. * British inflation unexpectedly slows. * sterling steady even as gilts rally. * Dollar recovers from Tuesday's fall. * By Rae Wee and Alun John.
* US CPI data due at 1330 GMT. * Dollar down 0.1% against its rivals. * Donald Trump to begin his second term next week. By Anushree Mukherjee. Gold prices firmed on Wednesday as the U.S. dollar and Treasury yields retreated, while markets participants awaited U.S. inflation data for clues on Federal Reserve's interest rate strategy. Spot gold gained 0.2% to $2,683.62 per ounce by 0903 GMT.
The German economy contracted by 0.1% in the final quarter of last year and shrank by 0.2% over the full-year 2024, the Federal Statistics Office said on Wednesday. The full-year decrease in gross domestic product compared with a forecast by analysts polled by Reuters for a 0.2% drop in 2024.
The CNN Money Fear and Greed index remained in the ?Fear? zone on Tuesday. U.S. stocks settled mixed on Tuesday, with the Dow Jones index surging more than 200 points during the session following the release of PPI data. Big Tech shares fell on Tuesday, weighing on the Nasdaq index. Investors are now awaiting the consumer price index report, due to be released today.
Investors are buzzing with speculation about the Federal Reserve possibly raising interest rates in 2025. What Happened: While the likelihood of a rate hike remains at zero?according to CME Group's FedWatch,?the topic is gaining traction among investors.
Euro area benchmark Bund yields edged lower on Wednesday, breaking a 10-day rising streak, as investors awaited U.S. consumer price inflation figures later in the session. Strong economic data and fears that U.S. President-elect Donald Trump's policies could boost inflation have driven yields up on both sides of the Atlantic since early December.
Schneider Electric, the global leader in energy management and automation, and recognized sustainability leader, will play an active role at the World Economic Forum Annual Meeting 2025, advocating for more collaboration to increase uptake of energy technologies and automation solutions. ?. The annual meeting gathers global leaders from all sectors to address the world's most urgent challenges.
Japanese government bond yields hit multi-year highs on Wednesday, after Bank of Japan Governor Kazuo Ueda's comments drove expectations for a rate hike this month. The two-year JGB yield, which is more sensitive to interest rate expectations, rose 2 basis points to 0.7%, its highest since October 2008. The 10-year yield rose 1.5 bps to 1.255%, its highest level since April 2011.
* Yen gains on rising prospect of BOJ hike. * Dollar recovers from Tuesday's fall. * Focus on US, UK consumer inflation readings. By Rae Wee. The dollar's towering rally hit a speed bump on Wednesday as traders turned cautious ahead of a closely watched U.S. consumer inflation report due later in the day, while the yen pulled ahead following remarks from Japan's central bank chief.
A look at the day ahead in European and global markets from Stella Qiu. Bond investors may have drawn some comfort from the benign miss in U.S. producer price data but a duo of CPI reports from Britain and the U.S. is set to decide whether the relentless selling in the global bond market resumes.
A look at the day ahead in European and global markets from Stella Qiu. Bond investors may have drawn some comfort from the benign miss in U.S. producer price data but a duo of CPI reports from Britain and the U.S. is set to decide whether the relentless selling in the global bond market resumes.
The Bank of Japan will debate whether to raise interest rates next week, Governor Kazuo Ueda said on Wednesday, signalling its intention to take borrowing costs higher barring a Trump-driven market shock.
* US CPI data due at 1330 GMT. * Spot gold may fall towards $2,635 - technicals. * Donald Trump to begin his second term next week. By Rahul Paswan. Gold prices edged higher on Wednesday as investors waited for the U.S. consumer price inflation report that could provide more clarity on the Federal Reserve's interest rate trajectory. Spot gold rose 0.1% to $2,681.34 per ounce by 0701 GMT.
A global equities gauge rallied on Wednesday while U.S. Treasury yields fell after data showed core U.S. inflation rose less than expected in December, raising hopes that the Federal Reserve could ease rates further. Oil prices rallied with support from a large draw in U.S. crude stockpiles and potential supply disruptions from new U.S. sanctions on Russia.
A global equities gauge rallied on Wednesday while U.S. Treasury yields fell after data showed core U.S. inflation rose less than expected in December, raising hopes that the Federal Reserve could ease rates further. Oil prices rallied with support from a large draw in U.S. crude stockpiles and potential supply disruptions from new U.S. sanctions on Russia.
* Asia shares subdued, S&P 500 futures +0.1% * Dollar, short-term bond yields fall on PPI miss. * Much riding on U.S. CPI data. * Sterling, gilts in focus ahead of UK CPI data. By Stella Qiu and Caroline Valetkevitch.
The dollar pared some losses against major peers on Wednesday but stayed weaker as cooler-than-expected data eased fears that inflation was accelerating and increased the chances the Federal Reserve could cut interest rates twice this year. The Bureau of Labor Statistics showed consumer prices rose 2.9% in the 12 months through December, in line with economists' expectations.
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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