* Gold hits its highest level since Dec. 12. * Traders bring back bets on two Fed rate cuts in 2025. * De-escalating geopolitical tensions can dilute safe-haven demand-analyst. By Anushree Mukherjee and Ashitha Shivaprasad.
* Maritime security officials expect halt to Houthi shipping attacks. * Strong US retail sales report further clouds outlook for Fed rate cuts. * Fed governor's comments ease some investors' rate-cut concerns. By Georgina McCartney.
* Dollar steadies before Trump inauguration. * Traders eyeing Bessent nomination hearing. * Yen firms vs dollar and euro on possible BOJ rate hikes. By Stefano Rebaudo and Tom Westbrook.
Wednesday's soft U.S. core CPI has opened doors for traders to focus on Trump's swearing in and the possibility of first-day pro-Crypto (CRCW) announcement.
The CNN Money Fear and Greed index remained in the ?Fear? zone on Wednesday. U.S. stocks settled higher on Wednesday, with all three major indices recording their best day since Nov. 6. On the economic data front, the headline Consumer Price Index rose 2.9% year-over-year in December, up from November?s 2.7%, matching economist forecasts.
The Indonesian rupiah stayed near
six-month lows on Thursday, while the South Korean won snapped a
three-day winning streak after both countries' central banks
shocked investors by eschewing ...
Most base metals rose on Thursday as the dollar weakened after soft U.S. core inflation raised hopes that the Federal Reserve could cut interest rates further. The dollar index paused its rally following the release of core consumer price index data. A weaker dollar makes greenback-priced commodities cheaper for holders of other currencies.
SHANGHAI, Jan. 16, 2025 A news report from english.shanghai.gov.cn Shanghai's gross domestic product is expected to grow by around 5 percent in 2025 as the city enters a new phase in terms of urban economic scale, with the city's GDP surpassing 5 trillion yuan last year, said Mayor Gong Zheng on Jan 15.
SHANGHAI, Jan. 15, 2025 A news report from english.shanghai.gov.cn Shanghai entered a new phase in terms of urban economic scale as its gross domestic product surpassed 5 trillion yuan last year based on the city's around 5 percent year-on-year growth, said Mayor Gong Zheng on Jan 15.
* * Yen rises to one-month high on growing rate hike wagers. * Dollar eases after cool US inflation revives rate cut hopes. * US earnings kick off with strong showing by banks. By Ankur Banerjee.
The pound fell on Thursday after data showed the British economy grew more slowly than expected in November, which could give the Bank of England more room to cut interest rates this year.
* Yen firms against dollar on possible BOJ rate hikes. * Cooling inflation in U.S. ups chances of Fed rate cuts. * Traders eyeing Trump inauguration and possible tariff orders. By Tom Westbrook. SINGAPORE, Jan 16 - The dollar steadied on Thursday, after dipping alongside cooling U.S. inflation and falling bond yields, while the yen hit a one-month high on rising bets on a rate hike in Japan.
Japanese government bond yields dropped on Thursday amid pressure from a steep slide in U.S. Treasury yields overnight and strong demand at an auction of domestic 20-year bonds. The 10-year JGB yield sank 4.5 basis points to 1.205% as of 0555 GMT, retreating from Wednesday's peak of 1.255%, a level previously not seen since April 2011.
President-elect Donald Trump's pick for Treasury secretary, Scott Bessent, said on Thursday that the dollar should remain the world's reserve currency, the Federal Reserve should stay independent, and that he is ready to impose tougher sanctions on Russia's oil sector.
-The Bank of Japan holds its first policy meeting of the year next week and the outcome will be announced days after the inauguration of U.S. President-elect Donald Trump. Here is a guide on what to expect and why the BOJ's rate review matters: WHEN DOES THE BOJ MEETING TAKE PLACE? The BOJ board that sets monetary policy is due to meet on Jan. 23-24.
The Indonesian rupiah hit a more than
six-month low on Thursday while the South Korean won snapped a
three-day winning streak after both countries' central banks
shocked investors by eschewing ...
-Property developer China Vanke told some investors on Wednesday that it had no plans to extend the maturity dates of its bonds amid a market sell-off, financial news outlet REDD reported, citing two persons briefed by the company on the matter.
The Bank of Japan will raise interest rates again at one of the two meetings this quarter to 0.50%, an overwhelming majority of economists surveyed by Reuters said, with most leaning toward a January move.
Japanese government bond yields fell on Thursday amid pressure from a steep slide in U.S. bond yields overnight, as cooling core inflation reignited bets for a Federal Reserve interest rate cut by July. However, rising bets for the Bank of Japan to raise rates at its meeting next week bolstered the yen and mitigated the decline in domestic yields.
* Gold hits its highest level since Dec. 12. * Israel and Hamas reach a ceasefire deal in Gaza. * Progress in disinflation could prompt FOMC to ease monetary policy - analyst. By Rahul Paswan.
Prices of most base metals rose on Thursday, helped by a weaker dollar as soft U.S. core inflation data raised hopes that the Federal Reserve could cut interest rates further. The dollar index paused its rally following the release of core consumer price index data. A weaker dollar makes greenback-priced commodities cheaper for holders of other currencies.
* * Yen rises to one-month high on growing rate hike wagers. * Dollar eases after cool US inflation revives rate cut hopes. * US earnings kick off with strong showing by banks. By Ankur Banerjee and Sin?ad Carew.
MSCI's global equities gauge rose on Thursday, while Wall Street indexes closed lower and U.S. Treasury yields fell after a mixed bag of economic data and Federal Reserve official comments suggesting more interest rate cuts on the horizon. On Wednesday, U.S. share prices surged after data showed easing in U.S. core inflation.
* BOJ LIKELY TO RAISE RATES NEXT WEEK BARRING MAJOR MARKET ROUT FOLLOWING TRUMP INAUGURATION - BLOOMBERG CITING SEVERAL UNNAMED PEOPLE Source text: https://tinyurl.com/434zamh7 Further company coverage: [ ]
* Yen firms against dollar on possible BOJ rate hikes. * Cooling inflation in U.S. ups chances of Fed rate cuts. * Traders eyeing Trump inauguration and possible tariff orders. By Tom Westbrook. The dollar slipped on Thursday to stand just off recent peaks as cooling U.S. inflation data knocked down bond yields, while the yen hit a one-month high on rising bets on a rate hike in Japan.
Oil prices settled lower on Thursday with Yemen's Houthi militia expected to halt attacks on ships in the Red Sea, and investors weighing strong U.S. retail sales data. Brent crude futures settled down 74 cents, or 0.9%, at $81.29 per barrel, after rising 2.6% in the previous session to their highest price since July 26.
BEIJING, Jan. 15, 2025 China's economy made steady progress in 2024 with the support of robust measures, showcasing its resilience while highlighting its pivotal role in the international economic landscape. One of the most closely watched aspects of the Chinese economy is the strengthening role of domestic demand as a stabilizing force for China's economic growth in 2025.
Gold prices hit more than one-month highs on Thursday in early Asian hours after data showed U.S. core inflation rose less than expected in December, raising hopes that the Federal Reserve could ease interest rates further. FUNDAMENTALS. * Spot gold was flat at $2,695.84 per ounce, as of 0051 GMT, after hitting its highest since Dec. 12 earlier in the session.
* BOK holds interest rate steady at 3.00% * Only seven of 34 economists polled foresaw outcome. * Won recently plunged to 15-year low against U.S. dollar. * Bank sees need for political turmoil to stabilise. * Most board members are open to a near-term rate cut. By Cynthia Kim and Jihoon Lee.
Australian employment sped past forecasts in December although the jobless rate ticked higher as many more people went looking for work - the combination of trends signalling a healthy labour market that leaves alive the chance of a near-term cut in rates.
* December wholesale prices up 3.8% yr/yr, matches f'cast. * Yen-based import prices rise 1.8% yr/yr in December. * Data adds to growing case for BOJ rate hike next week. * Ueda says BOJ to debate whether to raise rates next week. * Markets, analysts ramp up bets of January rate hike. By Leika Kihara.
Redwood Trust, Inc. (RWT) today announced the pricing of an underwritten public offering of $90,000,000 aggregate principal amount of its 9.125% senior notes due 2030.
Rio Tinto on Thursday reported its lowest annual iron ore shipments in two years, partly as heavy rains in Western Australia impacted output in the December quarter, but said the global economy was showing signs of strength. Its fourth-quarter iron ore shipments declined 1%, falling slightly short of market expectations.
Municipals are underperforming USTs month-to-date, with the Bloomberg Municipal Index showing losses of 1.02% versus 0.92% for USTs as of Tuesday, but both are outperforming losses in corporates that are seeing 1.23% losses in January.
* Dollar weaker after CPI print. * Yen appreciates on rising prospect of BOJ hike. * British inflation unexpectedly slows, boosting sterling. * China's yuan holds close to daily downside limit. By Laura Matthews.
* US core inflation rises 0.2%, as expected. * US 10-year yield has largest daily fall in two months. * US 2/10 yield curve flattens after inflation data. * US rate futures price in 38 bps of easing in 2025. By Gertrude Chavez-Dreyfuss.
- A relatively benign U.S. reading on consumer price increases triggered a sharp relief rally in stocks and bonds on Wednesday, but traders and investors warn that markets are likely to remain anxious about the pace of inflation.
* US stocks rise after core inflation up less than forecast. * U.S. Treasury yields fall with dollar. * Oil settles higher with sanction, stockpile draw support. By Sin?ad Carew and Amanda Cooper.
The U.S. economy ended 2024 with a slight to moderate increase in activity and a tick upward in employment, the Federal Reserve said on Wednesday, but businesses flagged a range of concerns about the potential for policies under President-elect Donald Trump to push prices higher.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of RAM Mutual Insurance Company. The ratings reflect RAM?s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
Economic activity expanded slightly to moderately across the Federal Reserve?s 12 districts during late November and December, yet concerns over looming changes to U.S. immigration and tariff policies cast a shadow on the future, according to the Fed Beige Book released Wednesday.
-The U.S. economy ended 2024 with a slight to moderate increase in activity and a tick upward in employment, the Federal Reserve said on Wednesday, but businesses flagged a range of concerns about the potential for policies under President-elect Donald Trump to push prices higher.
U.S. economic activity increased slightly to moderately in late November and December, the Federal Reserve said on Wednesday, with employment ticking up and prices rising moderately amid concerns about the potential impact of policies under President-elect Donald Trump.
Pershing Square Capital Management, L.P. will host an X Live broadcast on Thursday, January 16, 2025, at 9:00 AM EST. The broadcast can be accessed here: https://x.com/BillAckman About Pershing Square Capital Management, L.P. Pershing Square Capital Management, L.P., based in New York City, is an SEC-registered investment advisor to investment funds.
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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