-Major brokerages including Goldman Sachs and RBC see more rate cuts by the U.S. Federal Reserve following President Donald Trump's latest tariffs. Trump on Wednesday imposed a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries, sparking fears of a global economic slowdown.
If the MSRB pursues a pre-trade transparency initiative?though its necessity is debatable given the private sector has already addressed this need?it should leverage existing tools and services used by market participants.
U.S. stocks traded lower this morning, with the Dow Jones index dipping more than 1,100 points on Friday. The Dow traded down 2.82% to 39,401.43 while the NASDAQ fell 3.59% to 15,955.66. The S&P 500 also fell, dropping, 3.20% to 5,223.96. Check This Out: Top 3 Financial Stocks That May Fall Off A Cliff In April Leading and Lagging SectorsConsumer staples shares fell by just 0.5% on Friday.
The U.S. dollar rose against the euro and trimmed losses versus the yen on Friday, after non-farm payrolls data showed the U.S. economy added more jobs than expected in March. Non-farm payrolls rose by 228,000 jobs last month after a downwardly revised 117,000 rise in February, the Labor Department said.
The Federal Reserve is seen waiting until June to start cutting interest rates after a government report showed stronger than expected jobs growth last month that eased concern about the state of the labor market as President Donald Trump moves to put sweeping tariffs on imports from around the globe.
- The U.S. economy added far more jobs than expected in March, but President Donald Trump's sweeping import tariffs could test the labor market's resilience in the months ahead amid sagging business confidence and a stock market selloff. Nonfarm payrolls increased by 228,000 jobs last month after a downwardly revised 117,000 rise in February, the Labor Department said on Friday.
- The U.S. economy added far more jobs than expected in March, but President Donald Trump's sweeping import tariffs could test the labor market's resilience in the months ahead amid sagging business confidence and a stock market selloff. Nonfarm payrolls increased by 228,000 jobs last month after a downwardly revised 117,000 rise in February, the Labor Department said on Friday.
-The Federal Reserve is seen waiting until June to start cutting interest rates after a government report showed stronger than expected jobs growth last month that eased concern about the state of the labor market as President Donald Trump moves to put sweeping tariffs on imports from around the globe.
The U.S. dollar rose against the euro and trimmed losses versus the yen on Friday, after non-farm payrolls data showed the U.S. economy added more jobs than expected in March. Nonfarm payrolls rose by 228,000 jobs last month after a downwardly revised 117,000 rise in February, the Labor Department said.
As Wall Street crumbles from the impact of tariffs, cracks are still not visible in the U.S. labor market, which continues to show resilience and defies investor fears of economic weakness. In March, nonfarm payrolls surged by 228,000, the Bureau of Labor Statistics reported Friday. Private sector payrolls surged by 209,000, the highest since December 2024.
The U.S. economy added far more jobs than expected in March, but President Donald Trump's sweeping import tariffs could undermine the labor market's resilience in the months ahead amid sagging business confidence and a stock market selloff.
U.S. stock index futures held onto losses on Friday as investors assessed nonfarm payrolls data for March to gauge the health of the world's largest economy. A Labor Department report showed the U.S. economy added 228,000 jobs last month, compared with economists' estimate of a rise of 135,000. Average monthly earnings rose 0.3% in the previous month, compared with expectations of a 0.3% rise.
* Nonfarm payrolls increase 228,000 in March. * * Returning supermarket strikers boost retail payrolls. * Unemployment rate rises to 4.2% from 4.1% * Average hourly earnings gain 0.3%; up 3.8% year-on-year. By Lucia Mutikani.
* Tariff uncertainty takes toll. * Unemployment rate ticks up to 6.7% from 6.6% * Employment number dropped by a net 32,600 people. By Promit Mukherjee. Canada's total employment fell and the unemployment rate ticked up in March, data showed on Friday, as the uncertainty around tariffs and their subsequent implementation took a toll on hiring and spurred some layoffs.
Credit ratings giant S&P Global has said it is reviewing all its macro economic forecasts in the wake of Donald Trump's sweeping world trade tariffs this week, a move likely to fuel concerns of a renewed wave of credit score downgrades.
* Revised forecasts due next week, inflation jump seen. * Impact on US GDP will depend on retaliation, S&P says. * Cut to forecasts feeds rating downgrade expectations. By Marc Jones.
Oil majors are suffering after eight OPEC+ countries unexpectedly agreed to increase oil output in May, while tariffs imposed by U.S. administration had a muted effect on the sector, Eni's top executive Francesco Gattei said on Friday. He added that energy groups could react to the possibility of tariffs denting global economic growth, reducing demand for power.
Global bank stocks tanked on Friday, exacerbating a punishing selloff in the wake of U.S. President Donald Trump's sweeping tariffs, Japanese banks tanked, European banking stocks slid 7% and were set for the biggest one-day fall since February 2022, while safe-haven U.S. Treasuries gained. Traders meanwhile priced in more than 100 basis points of Federal Reserve rate cuts this year.
* $200 million loan to be signed with KKR's partner, document says. * Deal to be signed at event with Boeing (BA), schedule shows. * Vietnam scrambling to avoid U.S. duties for big trade surplus. By Phuong Nguyen.
President Donald Trump's new tariffs are "larger than expected," and the economic fallout including higher inflation and slower growth likely will be as well, Federal Reserve Chair Jerome Powell said on Friday, while cautioning it was still too soon to know what the right response from the central bank ought to be.
* Settlements climb amid growing uncertainty over market volatility, tariffs. * Corporations and activists are more eager to find common ground. * New director candidates often bring industry expertise. By Svea Herbst-Bayliss.
Ukraine's GDP warrant - a bond-like debt instrument that only pays out when the economy grows strongly - was on track for its biggest weekly loss on Friday since just after Russia's full-scale invasion in February 2022.
The U.S. reciprocal tariffs will stymie economic growth and lift inflation, forcing the Federal Reserve to start lowering interest rates from the end of this year, while the European Central Bank could cut rates as soon as this month, Nomura said.
Japanese stocks sank on Friday to their lowest since last August, marking their sharpest weekly drop in five years, as fears of a global recession in the wake of U.S. President Donald Trump's sweeping tariffs gripped markets. The Nikkei average closed down 2.75%, registering a 9% drop for the week, its steepest weekly decline since March 2020.
* Investors asses the impact of US tariffs. * US dollar hits a 6-month low versus safe-haven Swiss Franc. * Trump levies spur traders to increase bets on central banks easing. * Analysts warn of dollar losing preferred currency status. By Kevin Buckland and Stefano Rebaudo.
* BOJ may hike rates to 0.75% in May or June, Sakurai says. * Board to cut fiscal 2025 growth f'cast in quarterly report. * BOJ will aim to hike rates to 1% under current rate-hike cycle. By Leika Kihara and Takahiko Wada.
Use of proceeds to be split between capital expenditure to fund two ongoing projects on the Geoquip Silvretta and the Geoquip Elena vessels; general corporate purposes and repayment of existing debt Geoquip Marine, a global leader in offshore geotechnical solutions and a Njord Partners portfolio company, is pleased to announce today it has successfully closed a ?100million bond offering.
-The rout on Wall Street continued on Friday, with the Nasdaq earning a bear-market classification, after China imposed fresh tariffs on all U.S. goods in response to the Trump administration's sweeping levies, escalating a global trade war. The S&P 500, Dow and Nasdaq [.N] closed down more than 5% each.
Japanese banks tanked on Friday and stocks globally extended a punishing selloff in the wake of U.S. President Donald Trump's sweeping tariffs, helping drive a rally in U.S. Treasuries and supporting gold near a record peak. Benchmark 10-year U.S. Treasury yields slid under 4% and traders priced in more than 100 basis points of Federal Reserve rate cuts this year.
Data shows markets are pricing in four rate cuts in 2025 ? 0.25 bps each in June, July, September and December. Rate cuts occur when a central bank, like the Federal Reserve, lowers interest rates to stimulate economic growth by making borrowing cheaper.
Data shows markets are pricing in four rate cuts in 2025 ? 0.25 bps each in June, July, September and December. Rate cuts occur when a central bank, like the Federal Reserve, lowers interest rates to stimulate economic growth by making borrowing cheaper.
* Safehaven yen heads for 6-month high on recession worries. * Aggressive Trump levies spur traders to ramp up Fed easing bets. * Analysts warn of dollar losing preferred currency status. By Kevin Buckland.
Japanese stocks sank on Friday to their lowest since last August, marking their sharpest weekly drop in five years, as fears of a global recession in the wake of U.S. President Donald Trump's sweeping tariffs gripped markets. The Nikkei average closed down 2.75%, registering a 9% drop for the week, its steepest weekly decline since March 2020.
Japanese government bond yields tanked on Friday as bets for the Bank of Japan's interest rate hike receded, prompting investors to unwind positions they made for the policy tightening. The 10-year JGB yield fell 17.5 basis points to 1.185% to its lowest level since January 29, the biggest decline since August 5, and is down nearly 37 bps this week, their steepest weekly fall since 1992.
Japanese stocks sank on Friday to their lowest levels since last August, and were set for their sharpest weekly drop in five years, as fears of a global recession in the wake of U.S. President Donald Trump's sweeping tariffs gripped markets. As of 0420 GMT, the Nikkei index was down 3.6% at 33,474.56, and on course for a weekly decline of nearly 10%, if losses hold.
* Stocks struggle after global selloff on Trump's tariffs. * Investors fear U.S. recession, ramp up bets on Fed rate cuts. * Safe-haven assets rise; gold near record high. By Rae Wee.
Singapore's trade minister said the wealthy financial hub was disappointed that the U.S. had imposed a 10% tariff on its exports despite it having a free-trade agreement and running a trade deficit with the United States.
Italy's pledges to increase defence spending to help Ukraine could scupper government efforts to rein in the mammoth public debt, analysts say, posing a threat to the creditworthiness of the euro zone's third-largest economy.
New U.S. tariffs announced by President Donald Trump may delay, but likely won't derail, the Bank of Japan's plan to raise interest rates further as policymakers seek to avoid renewed yen falls that would worsen inflationary pressures.
* Nonfarm payrolls forecast increasing 135,000 in March. * DOGE firings to accelerate federal government job losses. * Unemployment rate expected to hold steady at 4.1% * Average hourly earnings seen rising 0.3%; up 3.9% y/y. By Lucia Mutikani.
Japanese stocks sank on Friday to their lowest levels since August, and were set for their sharpest weekly drop in five years, as fears of a global recession in the wake of U.S. President Donald Trump's sweeping tariffs gripped markets. As of 0230 GMT, the Nikkei index was down 2.6% at 33,818.18, and on course for a weekly decline of nearly 9%, if losses hold.
The U.S. dollar rebounded against major currencies such as the euro and yen on Friday after Federal Reserve Chairman Jerome Powell acknowledged the repercussions of larger-than-expected U.S. tariffs and signaled a cautious tone on future easing.
* Safe-haven yen hovers near 6-month high on recession worries. * Aggressive Trump levies spur traders to ramp up Fed easing bets. * Analysts warn of dollar losing preferred currency status. By Kevin Buckland.
Sweeping tariffs announced on Wednesday by U.S. President Donald Trump pose a significant risk to the global economy at a time when growth has been sluggish, the head of the International Monetary Fund said in a statement on Thursday.
WisdomTree, an international asset manager, has grown its portfolio with the introduction of two new municipal bond ETFs: the WisdomTree Core Laddered Municipal Fund and the WisdomTree High Income Laddered Municipal Fund. These funds are designed to offer investors tax-efficient income and diversification advantages.
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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