National Bank of Canada upgraded its rating on the shares of NuVista Energy (NUVSF) to outperform from sector perform while raising its price target to $18.50 from $16.00 following second-quarter results from the Western Canadian oil and gas producer.
Royal Bank of Canada (RY) has an average rating of overweight and mean price target of CA$182.07, according to analysts polled by FactSet. Price: 132.05, Change: -0.16, Percent Change: -0.12. MT Newswires does not provide investment advice.
The sharp drop in German industrial output in June by 1.9% month over month and the decline in Germany's surplus in goods trade from 18.5 billioneuros in May to 14.9 billion euros in June suggest that the German statistics office will have to revise down its flash estimate of Q2 gross domestic prouct growth from a 0.1% quarter-over-quarter contraction by at least 0.1ppt upon publishing its new ...
Snap announced plans for a private offering of $500 million in unsecured senior notes due 2034. Net proceeds will be used in part to repurchase portions of outstanding convertible senior notes across four tranches due 2026, 2027, 2028 and 2030, the company said Thursday in a statement. Remaining net proceeds may be used for general corporate purposes.
Gold prices rose early on Thursday even as the dollar steadied after U.S. initial jobless claims rose more than expected last week, showing a slowing job market.
Gold prices rose early on Thursday even as the dollar steadied after U.S. initial jobless claims rose more than expected last week, showing a slowing job market.
Greystone, a leading national commercial real estate finance company, has announced it has provided a $166,205,000 Freddie Mac-backed permanent loan on behalf of TRITEC Real Estate Company and The Olayan Group to refinance The Core at Station Yards, a newly delivered, 388-unit, mixed-use residential, office and retail complex in Ronkonkoma, NY. The 10-year, fixed-rate loan was arranged by Greys...
The Bank of England cut Bank Rate by a quarter-point, taking the key Policy Rate down to 4.0% as expected -- its fifth rate cut of the cycle and a new cyclical low, said Sanjay Raja, Deutsche Bank's chief U.K. economist. However, Thursday's decision will likely usher in a rethink of the policy path ahead, stated Raja.
US initial jobless claims rose to a level of 226,000 in the week ended Aug. 2 from an upwardly revised 219,000 level in the previous week, compared with expectations for a smaller increase to 222,000 in survey of analysts compiled by Bloomberg as of 7:35 am ET. The four-week moving average fell by 500 to 220,750 after declining to a level of 221,250 in the previous week.
IperionX Limited (IPX), a leading advanced materials company, has received a reservation of up to US$150 million in tax-exempt private activity bond capacity from the Commonwealth of Virginia?s industrial development bond program.
Enact Holdings, Inc. (ACT) a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that Moody?s Investor Service upgraded the insurance financial strength rating for our flagship insurance subsidiary, Enact Mortgage Insurance Corporation, to A2 from A3.
The Bank of England Thursday lowered its key interest rate by 25 basis points to 4.00%, as expected, noted Commerzbank. As such, the BoE is continuing its cautious course of loosening monetary policy restraint as since August 2024, it has reduced key interest rates at every other meeting by a total of 1.25 percentage points.
European bourses tracked higher midday Thursday after reports that US President Donald Trump may meet soon with Russian President Vladimir Putin to seek a ceasefire in Ukraine, and after the Bank of England eased monetary policy. Tech and bank stocks led gainers, while food and property issues lagged.
Serbia's central bank on Thursday said its Executive Board decided to key policy rate on hold, at 5.75%. It did not change the deposit and lending facility rates either.
Since the start of the second half of this year, sterling has been the worst-performing G10 currency and MUFG sees no reason for any near-term turnaround in this underperformance. The bank remains long EUR/GBP.
The recent jobs report has raised eyebrows at the?Federal Reserve, with Governor Lisa Cook voicing her worries about what it could mean for the U.S. economy. Cook?expressed apprehension about the July jobs report during a?discussion with other Fed officials. The July report revealed that employers added only 73,000 jobs, a figure significantly below expectations.
Financial stocks advanced in late Wednesday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund each rising 0.5% The Philadelphia Housing Index gained 0.2%, while the Real Estate Select Sector SPDR Fund fell 0.6%. Bitcoin added 1% to $115,369, and the yield for 10-year US Treasuries rose 2 basis points to 4.22%. In corporate news, Apollo Global Management (APO) a...
Financial stocks advanced in late Wednesday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund each rising 0.5% The Philadelphia Housing Index gained 0.2%, while the Real Estate Select Sector SPDR Fund fell 0.6%. Bitcoin added 1% to $115,369, and the yield for 10-year US Treasuries rose 2 basis points to 4.22%. In corporate news, Apollo Global Management (APO) a...
Mortgage applications in the US rebounded last week as the 30-year fixed rate on conforming loans dropped for a third consecutive week, the Mortgage Bankers Association said Wednesday. The market composite index, which measures loan application volume, rose 3.1% on a seasonally adjusted basis for the week ended Friday, following a 3.8% drop the week prior.
Minneapolis Fed President Neel Kashkari said in an interview on CNBC that it is time to begin lowering the federal funds rate, adding that he sees two rate cuts as appropriate this year, with more or less stimulus needed depending on conditions and the impact of tariffs.
A judge approved an injunction requested by 20 states to temporarily halt the Federal Emergency Management Agency from diverting money from a disaster preparedness program.
Financial stocks were higher in Wednesday afternoon trading, with the NYSE Financial Index rising 0.5% and the Financial Select Sector SPDR Fund adding 0.4%. The Philadelphia Housing Index was up 0.2%, while the Real Estate Select Sector SPDR Fund eased 0.2%. Bitcoin was increasing 1.8% to $115,376, and the yield for 10-year US Treasuries rose 4.3 basis points to 4.24%. In corporate news, Payon...
Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index rising 0.6% and the Financial Select Sector SPDR Fund adding 0.4%. The Philadelphia Housing Index was up 0.2%, while the Real Estate Select Sector SPDR Fund eased 0.2%. Bitcoin was increasing 0.8% to $115,095, and the yield for 10-year US Treasuries rose 4 basis points to 4.23%. In corporate news, Payo...
UBS said it raised its eurozone gross domestic product forecast for this year by 0.4pp to 1.1%, but cut 2026 by 0.1pp to 0.9%. The bank's 2027 forecast is unchanged at 1.5%. The upward revision for 2025 might initially appear counterintuitive, stated UBS. As a result, UBS has cut its quarterly GDP growth numbers for Q3 and Q4 2025 from a sluggish 0.1% quarter over quarter to zero.
Parkland's price target rose to $42.00 from $41.00 with a tender rating at National Bank of Canada, according to a Tuesday note. The price target reflects the current valuation of Sunoco's offer for Parkland, the bank said. Parkland reported an adjusted EBITDA of $508 million in the second quarter, exceeding the consensus forecast of $485 million and increasing from $504 million a year ago.
Officials are considering selling more voter-approved bonds for the stalled project, which could be jumpstarted with a phased-in construction approach.
Lingering challenges for the growth outlook should maintain Mexico's central bank confidence that monetary policy can and should continue to ease, sai BBVA Research. BBVA Research thinks Banxico will remain confident in further services disinflation ahead and will proceed with a 25bps rate cut on Thursday.
In an effort to increase the availability of affordable homes, Freddie Mac?will expand its CHOICEHome conventional financing options to include modern single-section factory-built homes, effective today.
Eldorado Gold's (EGO) price target was increased to C$41 from $38 while its Outperform rating remained unchanged at National Bank of Canada, according to a Tuesday note. The bank said it based the new price target on the company's higher EBITDA and a 5.50x EV/EBITDA multiple.
Coinbase Global (COIN) said late Tuesday it priced an upsized private offering of $1.3 billion of 0% convertible senior notes due 2029 and $1.3 billion of 0% convertible notes due 2032, with initial conversion prices of about $454.44 and $394.84 per share respectively, and capped call transactions limiting dilution up to $595.98 per share.
The United States trade deficit on goods & services narrowed to $60.2 billion in June, and to $85.9 billion on goods alone, both the smallest since 2023, said Bank of Montreal. In almost the mirror image of Canada's data, net exports added a "whopping" 5 ppts to U.S. Q2 gross domestic product, as exports eased only slightly while imports plunged, noted the bank.
New Zealand's Q2 jobs data released overnight Tuesday showed some slack is building, although not at an alarming pace, said ING. Unemployment rose from 5.1% to 5.2%, less than the consensus 5.3%, with employment declining 0.1% quarter-on-quarter, in line with expectations, wrote the bank in a note.
The CNN Money Fear and Greed index showed some decline in the overall market sentiment, while the index moved to the ?Neutral? zone on Tuesday. U.S. stocks settled lower on Tuesday, with the Nasdaq Composite falling more than 100 points during the session.
US benchmark equity indexes closed lower on Tuesday, amid July slowdown in US services sector and a narrowing trade deficit. The Nasdaq was down 0.7% to 20,916.55 while the S&P 500 decreased 0.5% to 6,299.19. The Dow Jones Industrial Average fell 0.1% to 44,111.74. Among sectors, materials led the gainers while utilities rallied the decliners.
Over the past three trading sessions, MMD yields have been bumped nine to 12 basis points, while UST yields have fallen over 20 basis points on the front of the curve.
Financial stocks were mixed late Tuesday afternoon, with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund shedding 0.2%. The Philadelphia Housing Index climbed 1.4%, and the Real Estate Select Sector SPDR Fund added 0.3%. Bitcoin dropped 1.3% to $113,695, and the yield for 10-year US Treasuries was little changed at 4.207%. In economic news, the Institute for Supply Ma...
US benchmark equity indexes are on track to close mostly lower on Tuesday, as investors parse July US services sector data and June trade deficit. The Dow Jones Industrial Average was unchanged at 44,158.71, while the S&P 500 fell 0.4% to 6,308.17. Nasdaq Composite dropped 0.5% to 20,951.25. Among sectors, materials led the gainers while utilities rallied the decliners.
Financial stocks were mixed in late Tuesday afternoon trading with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund shedding 0.2%. The Philadelphia Housing Index climbed 1.4%, and the Real Estate Select Sector SPDR Fund added 0.3%. Bitcoin dropped 1.3% to $113,695, and the yield for 10-year US Treasuries was little changed at 4.207%. In economic news, the Institute for...
Two surveys released Tuesday painted a mixed picture of the US services sector in July, with Institute for Supply Management data showing growth almost stalled and S&P Global (SPGI) indicating the fastest expansion pace so far this year. The ISM's purchasing managers' index edged down to 50.1 last month from 50.8 in June.
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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