News Results

Romania's central bank on Tuesday said its Board decided to keep the monetary policy rate at 6.50%, as expected.

California local, state and federal officials blasted the Trump administration and congressional GOP for blocking supplemental recovery aid after the wildfires.

Consumer expectations for one-year US inflation growth slowed to a 3% gain in June from a 3.2% gain in the previous month, according to a survey released by the New York Federal Reserve Bank on Tuesday. The median inflation expectations remained at a 3.0% gain for the three-year period and remained at a 2.6% gain for five years ahead.

Dundee Precious Metals (DPMLF) on Tuesday reported a drop in gold and copper production in the second quarter. The company produced 61,100 ounces of gold in the three months ended June 30, falling from 67,644 ounces of gold produced a year ago. Dundee kept its Outperform rating and $28.50 price target at National Bank of Canada following the news.

I-80 Gold (IAUX) maintained its Outperform rating and $2 price target at National Bank of Canada. The bank said its thesis for I-80 is supported by the company's resource endowment with exploration upside and multiple growth levers. I-80 provided a progress update on its project development plan across its portfolio in Nevada.

An administrator appointed by a Mali court of Barrick Mining's Loulo-Gounkoto complex plans to sell 1 metric ton of gold from the site's storeroom to restart operations after a nearly six-month suspension, Reuters reported Tuesday, quoting two sources.

Consumer stocks were mixed in recent trading Tuesday with the Consumer Staples Select Sector SPDR Fund (XLP) 0.6% lower and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.2%. Carnival shares were 0.5 higher after the company priced a $3 billion private offering of 5.75% senior unsecured notes due 2032.

Gold edged lower early on Tuesday as U.S. President Donald Trump renewed tariff threats against the country's trading partners while again delaying imposing the levies, moves that offset a rising dollar and higher treasury yields. Gold for August delivery was last seen down US$6.60 to US$3.336.20 per ounce.

Mexico's central bank delivered a 50bps cut in its June decision, but modified the forward guidance, leaving it more "ambiguous," said Deutsche Bank. The bank envisions 25bp cuts in August and September, followed. by a pause in November and subsequent 25bps cuts in lockstep with the United States Federal Reserve.

Consumer stocks were edging higher pre-bell Tuesday, with the Consumer Staples Select Sector SPDR Fund slightly advancing and the Consumer Discretionary Select Sector SPDR Fund up 0.2% recently. Carnival shares were 0.7% higher after the company priced a $3 billion private offering of 5.75% senior unsecured notes due 2032. MT Newswires does not provide investment advice.

There was a big upside inflation surprise on Monday in Sweden, which has killed expectations for another rate cut from the Riksbank as soon as next month, said MUFG.

The budget traveled a bumpy road before a package of spending bills won final passage just days before the July 1 start of fiscal 2026.

Since troughing in mid-April, Government of Canada bond yields have risen across the curve, noted Desjardins. In part, that reflects the view that the Bank of Canada is getting close to the nadir of its rate-cutting cycle, with market participants unwinding some of their bets on further monetary easing.

The top performing G10 currency overnight Monday was the Australian dollar, highlighting that the latest United States trade policy developments haven't "significantly" undermined global investor risk sentiment, said Mitsubishi UFG. Market participants remain optimistic that trade deals will eventually be reached to help dampen the impact of higher tariffs, wrote the bank in a note to clients.

Societe Generale in its early Tuesday economic news summary pointed out: -- US dollar soft with lower United States Treasury yields in Asia, yen and won fractionally firmer after President Trump announces intent to impose 25% tariffs on goods from Japan and South Korea on Aug. 1, raise levies on South Africa, Indonesia, Thailand and Cambodia.

Carnival said Monday it priced a $3 billion private offering of 5.75% senior unsecured notes due 2032. Proceeds from the offering will be used to fully repay borrowings under the company's first-priority senior secured term loan facility maturing in 2028, the company said.

Tidewater said Monday it completed its previously announced private offering of $650 million in 9.125% senior unsecured notes due 2030. The company used the proceeds, along with cash on hand, to fully repay its existing senior secured term loan. Tidewater also redeemed all of its 8.50% senior secured bonds due 2026 and 10.375% senior unsecured bonds due 2028.

W. P. Carey said late Monday it has priced an underwritten public offering of $400 million in senior notes due 2030. The notes will have a fixed interest rate of 4.650% and were offered at 99.088% of their face value, with the offering expected to close on Thursday, the company said. Interest payments will be made twice a year, on Jan. 15 and July 15, starting in 2026, it added.

Horizon, a company offering tailored investment and technology solutions to financial advisors, is introducing two new actively managed ETFs:?Horizon Core Bond ETF? and?Horizon Flexible Income ETF?. This expansion continues the company?s growth in its fast-growing ETF family.

Markets are "tilting to a risk-off posture as participants brace for the chance of Trump tariff-sparked turbulence in the coming hours and days," said Jos? Torres, senior economist at Interactive Brokers.

Financial stocks fell in late Monday afternoon trading with the NYSE Financial Index dropping 1.3% and the Financial Select Sector SPDR Fund shedding 1.2%. The Philadelphia Housing Index lost 1.5%, and the Real Estate Select Sector SPDR Fund declined 1%. Bitcoin eased 0.3% at $108,201, and the yield for 10-year US Treasuries rose 3.8 basis points to 4.389%. In economic news, President Donald Tr...

Financial stocks were decreasing in late Monday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each shedding 1.2%. The Philadelphia Housing Index was falling 1.4%, and the Real Estate Select Sector SPDR Fund was retreating 0.9%. Bitcoin was down 0.3% at $108,201, and the yield for 10-year US Treasuries was rising nearly 5 basis points to 4.40%. The Tr...

The policy shift may crowd out some projects, warned Baruch Feigenbaum, senior managing director of transportation policy at Reason Foundation.

Financial stocks were decreasing in afternoon trading, with the NYSE Financial Index shedding 1.1% and the Financial Select Sector SPDR Fund off 1%. The Philadelphia Housing Index was falling 1.4%, and the Real Estate Select Sector SPDR Fund was retreating 1.1%. Bitcoin was down 0.7% at $108,191, and the yield for 10-year US Treasuries was rising 4.9 basis points to 4.39%. The Trump administrat...

Financial stocks were decreasing in afternoon trading, with the NYSE Financial Index shedding 1.1% and the Financial Select Sector SPDR Fund off 1%. The Philadelphia Housing Index was falling 1.4%, and the Real Estate Select Sector SPDR Fund was retreating 1.1%. Bitcoin was down 0.7% at $108,191, and the yield for 10-year US Treasuries was rising 4.9 basis points to 4.39%. The Trump administrat...

National Bank of Canada over the weekend maintained its outperform rating on the shares of Groupe Dynamite (GRGDF) while raising its price target to $32 from $25. The bank said it is reviewing its price target for the clothing retailer following a "strong" 35% stock price appreciation since June 17.

Housing advocates are celebrating the passage of the One Big Beautiful Bill for the boost in Low Income Housing Tax Credits which is projected to boost the use of private activity bonds.

UBS said it now believes the Reserve Bank of Australia will cut rates this week, with weaker-than-expected retail sales data last week shifting its view. The RBA is slated to release its policy statement at 12:30 a.m. ET on Tuesday. Besides disappointing Q1 gross domestic product, May retail sales rising 0.2% month over month have come in below. market expectations of 0.5%, noted the bank.

JP Zaptin has joined Baird where he will establish a municipal trading desk

Moody's expects enplanements at the facility will remain below the low end of its former projections.

After a disappointing April, Deutsche Bank said it thinks the United Kingdom's gross domestic product growth will push back into positive territory in May. The U.K. will publish May's GDP on Friday. The bank expects growth to edge up 0.1% month over month, led in large part by a rebound in the services sector.

National Bank of Canada on Monday reiterated its outperform rating on the shares of Spartan Delta (DALXF) and its $6.00 price target, after the Western Canadian oil and gas producer released an operational update. Spartan continues to advance a high-impact value proposition, with strong and consistent results compounding in its Duvernay program, according to National Bank.

Israel's central bank said its Monetary Committee decided to leave the interest rate unchanged at 4.50% on Monday. Economic activity continues to recover moderately against the background of high domestic and global uncertainty, wrote the BoI in its policy statement. However, the level of economic activity is about 4%lower than this trend line.

OR Royalties (OR), previously known as Osisko Gold Royalties, maintained its Outperform rating and $40 price target, National Bank of Canada said in a Monday note. The bank said the rating is based on the company's near-term growth pipeline driven by expansion initiatives at producing operations located in politically stable jurisdictions.

Central banks around the world are confronted with major uncertainties around growth and inflation, not least in the context of the United States government's tariff measures -- this also holds for the European Central Bank, Bank of England, Swiss central bank and Sweden's Riksbank, said UBS.

The Canadian economy is set to face further headwinds as uncertainty surrounding United States trade policies continues to weigh on business and consumer confidence, according to new research from the Conference Board of Canada published Monday. Canada's gross domestic product is forecast to increase by 1.5% this year, according to the Conference Board.

Carnival said Monday it has launched a private placement offering of $2 billion in senior unsecured notes due 2032 to qualified institutional buyers.

Carnival said Monday it closed its private offering of 1 billion euros of 4.125% senior unsecured notes due 2031. The company said it will use the proceeds to fully repay borrowings under a first-priority senior secured term loan facility due 2027 and to partially repay borrowings under the first-priority senior secured term loan facility due 2028.

New Hampshire Supreme Court found that the state doesn't spend enough on education, but upheld the education property tax system.

Societe Generale pencils in a 25bps rate cut for the Reserve Bank of Australia this week to 3.60% after inflation slowed to 2.1% year over year in May and core cooled to 2.4%. The RBA is slated to release its policy statement at 12:30 a.m. ET on Tuesday. The implied odds are stacked at 95% in favor of a cut, wrote the bank in a note to clients.