All three major US stock indexes were down in late-morning trading Monday, as investors await news coming from Federal Reserve officials at the annual economic policy symposium taking place this week in Jackson Hole, Wyoming.
The gross domestic product growth of Switzerland "significantly" slowed in Q2 as United States tariffs hit Swiss exports, said UBS. The bank's GDP forecast for Switzerland assumes 15% U.S. tariffs on Swiss goods -- excluding gold and pharmaceuticals. If tariffs remain at 39%, UBS believes Swiss GDP growth could be reduced by up to 0.4 percentage point.
The annual awards for the municipal finance industry will be celebrated at the close of The Bond Buyer's Infrastructure conference in Boston, September 29-30, 2025.
Fortuna Mining (FSM) was lower Monday after it reported the latest drilling results from the Kingfisher and Sunbird deposits at the Seguela Mine in Cote d'Ivoire. Highlights include 4.5 grams per tonne gold over 37.4 meters at Kingfisher and 11.2 g/t gold over 5.6 meters at Sunbird.
If the euro's strength persists and the United States recession risks rise, Morgan Stanley said it sees a reduced risk to its European Central Bank September easing baseline. MT Newswires does not provide investment advice.
TeraWulf (WULF) shares were up nearly 18% in recent Monday trading after the company said it plans a private offering of $400 million of convertible senior notes due Sept. 1, 2031. The company expects to grant the initial purchasers an option to buy up to an additional $60 million of the notes.
Gold prices moved higher early on Monday, with the dollar rising but treasury yields easing as Ukraine President Volodymyr Zelensky and a group of European leaders head to the White House following a Friday summit between the United States and Russia that ended with U.S. President Donald Trump urging Ukraine to surrender territory to Russia in exchange for peace.
Canadian housing starts came in at a "solid" rate of 294,100 annualized units in July, rising 4% month over month, or 11,000, from June's already-elevated level of 283,500, said TD after Monday's Canada Mortgage and Housing Corporation data. Meanwhile, the six-month moving average was "healthy" at 263,000 units.
Canadian year-over-year consumer price index growth is expected to hold at 1.9% month over month in July, matching June's reading on Tuesday, said RBC. Canada is slated to release July's CPI data at 8:30 a.m. ET on Tuesday.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Hurricane Scores, according to ICE Climate Data. A $6 million offering from Winthrop, Mass., records a Flood Score of 4.9 out of 5.0, ICE reports.
The total monthly seasonally adjusted annual rate of housing starts for all areas in Canada rose 4% month-over-month in July to 294,085 units, said Canada Mortgage and Housing Corporation on Monday. July's housing starts were much better than the 265,000 consensus figure provided by Mitsubishi UFG.
Rising underwriting spreads are a "flashing neon sign that the muni market is still nursing the hangover from higher rates and choppy flows," said James Pruskowski, an investor and market strategist.
In June, eurozone exports dropped by 2.4% month-on-month and on the year were up by 0.4%, noted ING after Monday's data. As imports increased by more than 3% month over month, the seasonally-adjusted trade surplus narrowed to 2.8 billion euros, from 15.6 billion euros in May. There is no data on bilateral trade for the eurozone, only for the European Union.
Municipal issuers in the Northeast sold $72.25 billion of bonds in the first half of 2025, up 14.7% year-over-year, propelled by new money and GO deals.
Canada Mortgage and Housing Corporation's housing starts for July will be released at 8:15 a.m. ET on Monday, noted Scotiabank. Housing starts are expected to fall after the prior month's surge and given a softer trend in building permits, said the bank. Scotiabank expected 240,000 housing starts, while in June they were 283,700. MT Newswires does not provide investment advice.
The US dollar rose against its major trading partners early Monday, except for a decline versus the Canadian dollar, as July housing data, the minutes of the July 29-30 Federal Open Market Committee meeting and the Jackson Hole Federal Reserve summit Thursday and Friday are the key events this week. Fed officials usually appear frequently on the TV networks at the summit.
Canadian housing data continues to roll out on Monday with July housing starts at 8:15 a.m. ET, which is expected to step back from June but remain at an elevated level, said Bank of Montreal. In separate releases, household credit figures and international securities transactions for June will be published at 8:30 a.m. ET on Tuesday, noted the bank.
The benchmark US stock measures were tracking in the red before the opening bell Monday as traders await minutes of the Federal Reserve's last policy meeting and remarks from the central bank chair Jerome Powell later in the week. The S&P 500, the Dow Jones Industrial Average and the Nasdaq declined 0.2% each in premarket activity.
TeraWulf (WULF) said Monday it plans a private offering of $400 million of convertible senior notes due Sept. 1, 2031. The company expects to grant the initial purchasers an option to buy up to an additional $60 million of the notes.
BBVA Research estimates that Peru's central bank will maintain the monetary policy rate at 4.50% in the coming months. This neutral monetary position is consistent with an outlook of no inflationary pressures and economic activity advancing at a pace close to its potential, noted BBVA Research.
TeraWulf Inc. (WULF), a leading owner and operator of vertically integrated, predominantly zero-carbon digital infrastructure, today announced that it intends to offer, subject to market conditions and other factors, $400 million aggregate principal amount of convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule ...
US equity investors will focus on Ukraine-Russia peace negotiations, the Jackson Hole Symposium of central bankers and the minutes from the July Federal Reserve monetary policy meeting in which two panel members dissented from the rate-setting committee's joint decision to keep interest rates unchanged.
Societe Generale in its early Monday economic news summary pointed out: -- Risk on start to the week follows meltdown in long-end European bonds in Europe last week, above forecast Unite States consumer price index services, proucer price index, Michigan inflation.
The past week in the crypto world was a mixed bag of events. Bitcoin Rises Amid Fed Governor?s Dovish Comments Bitcoin experienced a surge, while altcoins took a step back, following the Federal Reserve Governor?s dovish remarks on rate cuts. Read the full article here.
The July Producer Price Index jumped 0.9% month-over-month, the largest increase since June 2022 and far above expectations, as President Donald Trump's tariff hikes rippled through the supply chain. IWM ETF is rallying this month.?Check live prices here. Big-cap companies usually possess brand power, supply-chain advantage, and economies of scale that allow them to pass on cost hikes.
Enigmatig Limited (EGG), a global business enabler empowering small and medium-sized enterprises to scale across borders, today rang the Closing Bell at the New York Stock Exchange to mark its recent listing and reaffirm its mission to power the global ambitions of bold, forward-thinking businesses. Image: Enigmatig Founder and CEO Desmond Foo and Team, on NYSE American Podium for Closing Bell.
Denison Mines (DNN) said late Friday it has raised $345 million from its offering of 4.25% convertible senior unsecured notes due 2031, including the full exercise of an over-allotment option. Denison said it plans to use the net proceeds for the evaluation and development of its uranium projects, including the Wheeler River Uranium Project and general corporate purposes.
Denison Mines (DNN) after trade Friday said it completed its offering of convertible senior unsecured notes due in 2031, raising US$345 million. This amount includes the upsized base offering of US$300 million and the full exercise of a US$45 million option granted to the initial purchasers, the company added.
Issuance for the week of Aug. 18 remains elevated at an estimated at $6.166 billion, with $5.065 billion of negotiated deals and $1.101 billion of competitive deals on tap, according to LSEG.
Mortgage rates just touched their lowest level since last October, fueling a wave of optimism across the housing market and sending homebuilder stocks surging as traders increasingly price in imminent Federal Reserve rate cuts. The average 30-year fixed mortgage rate has slipped to 6.58% as of Aug. 14, dropping 5 basis points from the prior week, according to Freddie Mac data.
Financial stocks retreated in late Friday afternoon trading, with the NYSE Financial Index decreasing 0.6% and the Financial Select Sector SPDR Fund shedding 0.9%. The Philadelphia Housing Index was fractionally lower, with the Real Estate Select Sector SPDR Fund added 0.6%. Bitcoin was down 0.9% to $117,275, and the yield for 10-year US Treasuries gained 3.5 basis points to nearly 4.33%. In ec...
Financial stocks declined in late Friday afternoon trading, with the NYSE Financial Index decreasing 0.6% and the Financial Select Sector SPDR Fund shedding 0.9%. The Philadelphia Housing Index was fractionally lower, with the Real Estate Select Sector SPDR Fund added 0.6%. Bitcoin was decreasing 0.9% to $117,275, and the yield for 10-year US Treasuries gained 3.5 basis points to nearly 4.33%. ...
The EASE Protocol Inc., an innovative blockchain platform specializing in enterprise and government-grade solutions that focus on ease-of-use and mass adoption,?today announced its product line designed to make Web3 easy-for-everyone: end users, merchants, communities, companies, and governments.
National Bank noted Friday the main event next week will be the release of the July CPI report on Tuesday. Although gasoline prices fell during the month, National Bank said this may not have been enough to prevent a 0.4% monthly increase in the overall index.
US industrial production fell in July to mark the first drop in four months amid declines in mining and utilities output, data from the Federal Reserve showed Friday. Industrial output decreased 0.1% last month, following an upwardly revised 0.4% increase in June.
Gold was steady midafternoon on Friday as the dollar weakened after a day-prior report showed U.S. wholesale inflation surged last month, failing to dent expectations the Federal Reserve will cut interest rates next month. Gold for December delivery was last seen down US$0.60 to US$3,382.60 per ounce.
Financial stocks fell in Friday afternoon trading, with the NYSE Financial Index decreasing 0.5% and the Financial Select Sector SPDR Fund shedding 0.8%. The Philadelphia Housing Index rose 0.2%, and the Real Estate Select Sector SPDR Fund gained 0.9%. Bitcoin dropped 0.9% to $117,306, and the yield for 10-year US Treasuries gained 3.5 basis points to 4.328%. In economic news, US retail sales r...
The Federal Reserve has announced it will sunset a targeted crypto and fintech oversight program established during the Biden administration and absorb its functions into routine bank supervision.
New York manufacturing growth reached its highest level since November, though firms turned less optimistic sequentially about future conditions, a survey by the Federal Reserve Bank of New York showed Friday. The Empire State Manufacturing Survey's general business conditions index jumped to 11.9 in August from 5.5 last month, with activity rising for a second straight month, the Fed branch said.
Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index decreasing 0.4% and the Financial Select Sector SPDR Fund shedding 0.9%. The Philadelphia Housing Index was fractionally higher, and the Real Estate Select Sector SPDR Fund was up 0.8%. Bitcoin was declining 0.9% to $117,306, and the yield for 10-year US Treasuries was rising 4 basis points to 4.33%. In econo...
US consumer sentiment unexpectedly fell in August as inflation expectations rose, preliminary results from a University of Michigan survey showed Friday. The main sentiment index dropped to 58.6 this month from July's five-month high reading of 61.7. The consensus was for a 62 print in a survey compiled by Bloomberg.
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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