Major US stock indexes were down in late morning trading Thursday following a higher-than-expected producer price index print for July. The PPI rose by 0.9% in July following a flat reading in June, well above the 0.2% gain expected in a survey compiled by Bloomberg as of 7:50 am ET and the largest monthly gain since June 2022.
Community Associations Institute, the leading international authority supporting condominium associations, homeowners associations, and housing cooperatives, continues to urge the Federal Housing Finance Agency to modernize the condominium lending eligibility requirements managed by government sponsored entities, including Fannie Mae and Freddie Mac.
US producer prices rose at the fastest pace in about three years last month, Bureau of Labor Statistics data showed Thursday, potentially fueling worries that tariffs could heat up inflationary pressures in the coming months. The producer price index rose 0.9% on a seasonally adjusted basis in July, after holding steady the month before, according to the BLS.
Sterling is continuing to trade on a stronger footing since last week's hawkish Bank of England Monetary Policy Committee policy update, said MUFG. After hitting a high of 0.8769 at the end of last month, EUR/GBP has fallen back closer towards the 0.8600 level encouraged by the scaling back of BoE rate cut expectations, wrote the bank in a note to clients.
Editor's Note: This article has been updated to include additional context. U.S. producer prices exploded in July, signaling that President Donald Trump's tariff hikes are feeding through the supply chain before hitting consumer store shelves. The Producer Price Index jumped 0.9% month-over-month, up from June's flat reading and well above the 0.2% increase economists had forecast.
The Bank of Canada leaned against the narrative that its easing cycle was over at the late July rate decision, noted National Bank of Canada. While the BoC held its policy rate steady for a third straight meeting, it made its dovish bias more explicit by stating "[if inflation is contained] there may be a need for a reduction in the policy interest rate."
U.S. producer prices exploded in July, signaling that President Donald Trump's tariff hikes are feeding through the supply chain before hitting consumer store shelves. The Producer Price Index jumped 0.9% month-over-month, up from June's flat reading and well above the 0.2% increase economists had forecast.
The US Producer Price Index rose by 0.9% in July following a flat reading in June, well above the 0.2% gain expected in a survey compiled by Bloomberg as of 7:50 am ET and the largest monthly gain since June 2022.
Against wide expectations that the economy would just about stall in Q2, the United Kingdom economy surpassed Deutsche Bank's forecasts yet again as it expanded by 0.3% quarter over quarter. Unrounded, U.K. GDP grew by 0.345% on the quarter -- a hair's breadth away from an even stronger surface print, noted Sanjay Raja, Deutsche Bank's chief U.K. economist, after Thursday's data.
US initial jobless claims fell to a level of 224,000 in the week ended Aug. 9 from an upwardly revised 227,000 level in the previous week, compared with expectations for a smaller decrease to 225,000 in survey of analysts compiled by Bloomberg as of 7:50 am ET. The four-week moving average rose by 750 to 221,750.
The US dollar was mixed against its major trading partners early Thursday -- up versus the euro and Canadian dollar, down versus the pound and yen -- ahead of the release of weekly jobless claims and July producer price data, both at 8:30 am ET. St. Louis Fed President Alberto Musalem is due to speak in an interview with CNBC at 10:00 am ET.
Gaming and Leisure Properties, Inc. (GLPI) announced the pricing of a public offering of $1,300,000,000 aggregate principal amount of Notes, to be issued by its operating partnership, GLP Capital, L.P., and GLP Financing II, Inc., a wholly-owned subsidiary of the Operating Partnership.
US equity markets were trending lower before the opening bell Thursday as investors await last month's data on producer prices after a key consumer inflation report earlier in the week lifted expectations for a September rate cut by the Federal Reserve. The S&P 500 and the Nasdaq declined 0.1% each in premarket activity, while the Dow Jones Industrial Average was slightly in the red.
After all-time market zeniths set on Wednesday, Wall Street futures are pointing sideways pre-bell Thursday, as traders digest earnings reports and await emerging catalysts. In the futures, the S&P 500, the Nasdaq and the Dow Jones indices all hewed close to overnight closes. Investors also anticipate the July producer price index bulletin, slated for release in Washington at 8:30 am ET.
Block said late Wednesday it priced a private placement of $1.2 billion of 5.625% senior notes due Aug. 15, 2030, and $1 billion of 6% senior notes due Aug. 15, 2033. The offering was upsized from a previously planned $1.5 billion. The company expects the offering to close Monday and plans to use the net proceeds for general corporate purposes. MT Newswires does not provide investment advice.
Euronet Worldwide (EEFT) said Thursday it has priced its private placement of $850 million of 0.625% convertible senior notes due 2030. Initial purchasers have been granted a 13-day option to purchase up to $150 million additional notes.
The yen is no longer the most attractive funding currency, and the currency's strength may not necessarily lead to broad-based risk aversion, one expert said.
Intuitive Machines, Inc. (LUNR), a leading space exploration, infrastructure, and services company, announced today the pricing of $300.0 million aggregate principal amount of 2.500% convertible senior notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Brookfield said late Wednesday it priced a $650 million public offering of senior notes due 2036 with a 5.330% annual interest rate. The notes will be issued by Brookfield Finance, a wholly owned subsidiary, and fully guaranteed by Brookfield. The offering is expected to close on Aug. 20. The company said it plans to use the proceeds for general corporate purposes.
Brookfield (BN.TO on Wednesday priced a US$650 million public offering of senior notes with an interest rate of 5.33% per year, due 2036. The offering is expected to close on August 20, 2025, subject to approval, and the notes will be issued by Brookfield Finance, an indirect 100% owned subsidiary of Brookfield. MT Newswires does not provide investment advice.
The S&P 500 and the Nasdaq Composite clinched record highs on Wednesday as traders bet that a Federal Reserve interest rate cut was almost certain in September. The S&P 500 rose 0.3% to 6,466.6, while the Nasdaq edged up 0.1% to 21,713.1, both ending at new highs for a second consecutive day.
Mattr Corp. (MTTRF) reported today its operational and financial results for the three and six months ended June?30, 2025. Highlights from the second quarter include1: 1. ?Mattr (MTTRF) successfully navigated continuing global economic uncertainty by levering its diversified portfolio of differentiated infrastructure products during the second quarter,? said Mike Reeves, Mattr?s President & CEO.
Brookfield Corporation (BN) today announced the pricing of a public offering of $650 million principal amount of senior notes due 2036, which will bear interest at a rate of 5.330% per annum. The notes will be issued by Brookfield Finance Inc., an indirect wholly-owned subsidiary of Brookfield, and will be fully and unconditionally guaranteed by Brookfield.
The Toronto Stock Exchange made rose to a second-straight record close Wednesday as BMO said Canadian equities "remain well positioned to keep pace with the U.S." and Desjardins noted the Bank of Canada left the door open for a rate cut next month to stimulate the economy.
US equity indexes rose on Wednesday, with the Dow Jones Industrial Average climbing over 463 points, as a drop in government bond yields and the dollar helped validate a strong probability that the Federal Reserve will cut interest rates in September.
Shares of Block Inc (XYZ) are trading higher Wednesday afternoon after the company announced its intention to offer $1.5 billion in senior notes. See what is happening with XYZ stock here. What To Know: The offering, made to qualified institutional buyers, is intended to raise capital for general corporate purposes.
Financial stocks advanced in late Wednesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each adding 0.4%. The Philadelphia Housing Index climbed 3.9%, and the Real Estate Select Sector SPDR Fund was up 0.3%. Bitcoin rose 1.5% to $121,900, and the yield for 10-year US Treasuries dropped 5.5 basis points to 4.24%. In economic news, the odds of a 25-b...
Intuitive Machines, Inc. (LUNR), a leading space exploration, infrastructure, and services company, announced today its intent to offer, subject to market conditions and other factors, $250.0 million aggregate principal amount of convertible senior notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of ...
US equity indexes advanced on Wednesday, with the Dow Jones Industrial Average climbing over 440 points, driven by near-certainty that the Federal Reserve will restart its policy easing cycle in September.
Financial stocks advanced in late Wednesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each adding 0.4%. The Philadelphia Housing Index climbed 3.9%, and the Real Estate Select Sector SPDR Fund was up 0.3%. Bitcoin rose 1.5% to $121,900, and the yield for 10-year US Treasuries dropped 5.5 basis points to 4.24%. In economic news, the odds of a 25-b...
Atlanta Fed President Raphael Bostic noted the weakness seen in the July employment data and said that lower-income consumers and small businesses are beginning to feel the impact of tariffs. Chicago Fed President Austan Goolsbee said that tariffs-related price pressures have begun to be seen in the available data and that the effects may not be transitory.
Farm equipment maker?Deere & Company? could provide a deeper look at the impact of tariffs and a record-high agricultural trade deficit in the United States, which is affecting the sector, when the company reports its third-quarter financial results on Thursday?before the market opens. Here are the analyst estimates and key items to watch.
US benchmark equity indexes were mostly higher intraday as markets fully priced in a Federal Reserve interest rate reduction in September. The Dow Jones Industrial Average was up 0.7% at 44,765.7 after midday Wednesday, while the S&P 500 rose 0.1% to 6,450. Among sectors, health care paced the gainers intraday Wednesday, while consumer staples, utilities and technology saw the biggest drops.
US equity indexes rose after midday Wednesday as a decline in both government bond yields and the dollar helped validate a 99.9% probability that the Federal Reserve will cut interest rates in September. The Nasdaq was up 0.1% to 21,693.1, after hitting a record 21,803.75 intraday, extending gains from Tuesday, when July's inflation data was perceived to be conducive for a Fed rate cut next month.
Auditor General Frank Mautino said the delay was due largely to $1.2 billion erroneously collected from pharmaceutical companies that had to be addressed.
US equity indexes edged up in midday trading on Wednesday as a decline in both government bond yields and the dollar validated a 99.9% probability of the Federal Reserve lowering interest rates in September.
First Quantum Minerals' (FQVLF) price target increased to C$29.00 from C$28.50 at National Bank of Canada, according to a note published Tuesday. The price target increased after incorporating First Quantum's US$1 billion in proceeds from the sale of a gold stream from its Kansanshi mine in Zambia, as well as the company's US$1 billion debt refinancing.
The latest consumer price index largely matched consensus expectations for July, showing that inflation is still stuck above the Federal Reserve's 2% target but businesses have yet to fully pass through tariff-related costs to consumers. The seasonally adjusted CPI rose by 0.2% in July, meeting projections from a survey compiled by Bloomberg, and marking a slowdown from a 0.3% gain in June.
Namibia's central bank on Wednesday said its Monetary Policy Committee unanimously decided to keep the Repo rate unchanged at 6.75%. The MPC decision was based on the need "to continue safeguarding the peg between the Namibia Dollar and the South African Rand, while supporting the domestic economy," wrote BoN in the policy statement. MT Newswires does not provide investment advice.
US equity futures posted narrow gains ahead of Wednesday's opening bell after Tuesday's consumer inflation report fueled expectations the Federal Reserve will move to cut interest rates at its Federal Open Market Committee meeting next month. Dow Jones Industrial Average futures were up 0.3%, S&P 500 futures were up 0.3%, and Nasdaq futures were up around 0.4% in recent premarket activity.
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.2% and the actively traded Invesco QQQ Trust was 0.3% higher in Wednesday's premarket activity after July's cooler-than-anticipated inflation readings triggered fresh hopes of a Federal Reserve interest rate cut.
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.
Log In Required
Publication Date