U.S. producer inflation cooled sharply in August, reversing July's spike and fueling hopes for Federal Reserve rate cuts as Wall Street sets new record-breaking highs. The Producer Price Index dropped 0.1% in August, marking the third monthly decline in 2025 and a sharp turnaround from July's downwardly revised 0.7% gain.
The latest Bank of Canada Summary of Deliberations, covering the July 30 rate decision, showed policymakers discussed a 25-basis-point cut in response to a slowing economy and United States tariffs, though no change was ultimately made, Rosenberg Research said.
The US Producer Price Index fell by 0.1% in August following a 0.7% increase in July, compared with the 0.3% gain expected in a survey compiled by Bloomberg as of 7:25 am ET.
Goldman Sachs (GS) is pushing US regulators to allow it and other big banks that sell corporate bonds on investors' behalf to delay public reporting of their largest trades, Reuters reported Wednesday, citing an internal white paper from the lender.
The Bank of Canada announced the end of quantitative tightening at its Jan. 29 meeting, alongside an extra 5bps cut in the deposit rate, noted RBC. Term repos started on schedule in early March and have been running every two weeks since then.
The number of consumers whose rent payments are reported to credit reporting agencies rose to 13% in 2025, up from 11% in 2024, according to a new TransUnion (TRU) report. In July 2025, the director of the FHFA issued an order mandating that Fannie Mae and Freddie Mac accept VantageScore 4.0 credit scores for mortgage underwriting.
European bourses tracked moderately higher midday Wednesday as traders weighed earnings releases, odds for a Federal Reserve rate cut next week and digested government swings in Paris. Retail and bank stocks led gainers, while property shares lagged. Inditex shares were up 6% mid-session after the Spanish clothing retailer released Q2 earnings and reported stronger Q3 sales underway.
The Bank of Canada policy meeting is set for next Wednesday and a 25bps rate cut is almost fully priced, with 50 bps of easing priced in through March 2026, said Bank of Montreal. If so, that would take variable mortgage rates down into the mid-3% range, at which point the bank would have to "seriously" start thinking about the housing market coming back to life.
The main US stock measures were mostly pointing higher in Wednesday's premarket activity as investors await last month's data on producer prices and assess the latest developments related to President Donald Trump's tariffs.
All amounts in this press release are in Canadian dollars, unless otherwise indicated. Image: GP image_watermark ENG TORONTO, Sept. 10, 2025 -- A study by PwC Canada provides an update on the substantial economic and social contributions of Bombardier?s manufacturing operations in Canada.
Chile's central bank held its overnight rate at 4.75% as widely anticipated late Tuesday, said Scotiabank. The BCCh batted away Monday's weaker-than-expected inflation readings for August, noted the bank.
Wall Street futures mostly pointed to fresh all-time zeniths pre-bell Wednesday as investors reviewed tech-sector outlooks and prospects for a Federal Reserve interest rate cut next week.
The yen was steadier against the US dollar overnight Tuesday after a pick-up in volatility in recent days, MUFG said. USD/JPY climbed to 148.58 at the start of the week following Prime Minister Shigeru Ishiba's resignation over the weekend but dropped to 146.31 Tuesday after reports that the Bank of Japan may still raise rates this year despite political uncertainty.
Uncertainty in French politics has seen the OAT-Bund 10-year government spread settle above 80bps, said ING. French 10-year government borrowing costs now match those of Italy. ING thinks the pro-global risk/soft US dollar environment remains the dominant theme for EUR/USD. The eurozone data calendar is quiet ahead of Thursday's European Central Bank policy meeting.
Asian stock markets rallied on Wednesday after fresh record highs overnight on Wall Street, and on rising expectations that the US Federal Reserve will cut interest rates at next week's policy session. Hong Kong, Shanghai and Tokyo finished in the green, as did other regional exchanges.
Commerzbank in its "European Sunrise" note of Wednesday highlighted: Markets: 10-year sector leads United States Treasury weakening into New York close, stabilization in Asia. Fed: Judge rules that Federal Reserve Governor Lisa Cook can remain on the job for now.
Societe Generale in its early Wednesday economic news summary pointed out: -- Euro on back foot, eurozone government bon yields retreat after Poland shoots down Russian drones following 'multiple' airspace violations. -- US dollar consolidates prior to the producer price index. -- U.S. court temporarily blocks President Trump from removing Fed Governor Cook.
Raymond James Financial (RJF) said late Tuesday it has priced an underwritten public offering of $650 million worth of 4.900% senior notes due 2035 and $850 million worth of 5.650% senior notes due 2055. The net proceeds from the offering, expected to close Thursday, will be used for general corporate purposes, the company said. MT Newswires does not provide investment advice.
Energizer Holdings (ENR) said Tuesday that it priced $400 million of 6% senior unsecured notes due 2033 at par, upsized from $300 million. The company also completed a $100 million add-on to its existing term loan maturing in 2032.
Sun Life Financial (SLF) said late Tuesday it plans to issue 1 billion Canadian dollars of series 2025-1 subordinated unsecured 4.14% fixed/floating debentures due 2037 in Canada. The company expects the offering to close Thursday and said proceeds will be used for general corporate purposes. MT Newswires does not provide investment advice.
Bitcoin?s tight range near $111K reflects a market bracing for U.S. CPI and the Fed?s September meeting, with prediction markets pricing a cut and traders watching whether $7T in sidelined cash rotates into Crypto (CRCW) once volatility returns.
Raymond James Financial, Inc. (RJF) today announced the pricing of a registered underwritten public offering of $650,000,000 aggregate principal amount of 4.900% senior notes due 2035 and $850,000,000 aggregate principal amount of 5.650% senior notes due 2055. The Notes are being offered pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission.
Chimera Investment (CIM/PA) said late Tuesday it priced a $115 million public offering of 8.875% senior notes due 2030. The company granted underwriters a 30-day overallotment option to buy up to an additional $17.3 million of the notes, according to the company. Net proceeds will be used to fund the acquisition of mortgage assets and for general corporate purposes.
Kayne Anderson BDC (KBDC) said late Tuesday it closed an offering of $200 million of senior unsecured notes. The placement comprised $40 million of floating rate series C 2028 notes with a rate of secured overnight financing rate plus 2.32%, $60 million of 5.80% series D notes due 2028, and $100 million of 6.15% series E notes due 2030, according to a statement.
JBT Marel (JBTM) said Tuesday it has closed a $575 million private offering of 0.375% convertible senior notes due 2030, including $75 million of notes issued under the initial purchasers' exercise of an option to buy more notes. The company said it used proceeds to execute convertible note hedge and warrant deals and repay part of the debt under its revolving credit facility.
US equity indexes rose on Tuesday, with all three benchmarks close to their all-time highs, as a downward revision in annual nonfarm payrolls further solidified bets for an interest-rate cut next week.
It's an alarming statistic. At first glance, betting on Wells Fargo (WFC) or its banking ilk may seem woefully irrational. Yes, WFC stock is one of the winners on Tuesday, gaining about 2% in late-afternoon trading.
Financial stocks rose in late Tuesday afternoon trading with the NYSE Financial Index gaining 0.2% and the Financial Select Sector SPDR Fund climbing 0.5%. The Philadelphia Housing Index fell 3%, and the Real Estate Select Sector SPDR Fund shed 0.3%. Bitcoin declined 0.7% to $111,235, and the yield for 10-year US Treasuries rose 3 basis points to 4.07%. In economic news, the Bureau of Labor Sta...
California lawmakers, who announced a deal with Gov. Gavin Newsom in June, say his administration failed to agree on loan terms ahead this week's deadline.
Financial stocks were rising in late Tuesday afternoon trading, with the NYSE Financial Index up 0.3% and the Financial Select Sector SPDR Fund ahead 0.5%. The Philadelphia Housing Index was falling 3%, and the Real Estate Select Sector SPDR Fund was shedding 0.3%. Bitcoin was declining 0.7% to $111,235, and the yield for 10-year US Treasuries rose 3 basis points to 4.07%. In economic news, the...
Gold continued its record run midafternoon on Tuesday, climbing again on expectations the Federal Reserve is likely to begin lowering interest rates as the U.S. economy falters.
Financial stocks were rising in Tuesday afternoon trading, with the NYSE Financial Index up 0.2% and the Financial Select Sector SPDR Fund ahead 0.4%. The Philadelphia Housing Index was falling 2.9%, and the Real Estate Select Sector SPDR Fund was shedding 0.2%. Bitcoin was declining 0.8% to $111,164, and the yield for 10-year US Treasuries was up nearly 3 basis points at 4.07%. In economic new...
Gold prices advanced to a record high on Tuesday amid rising optimism that the Federal Reserve is set to kick off what will likely be a series of interest rate reductions. Gold futures rose 0.2% to $3,683.70 per ounce, having traded above $3,700 earlier in the session.
US equity indexes rose in midday trading Tuesday as a downward revision in annual nonfarm payrolls lifted bets for interest rate cuts. The Nasdaq Composite rose 0.2% to 21,830.4, with the S&P 500 also up 0.2% to 6,506.4 and the Dow Jones Industrial Average 0.4% higher at 45,712.7. Energy and communication services were among the top gainers intraday.
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index up 0.2% and the Financial Select Sector SPDR Fund ahead 0.3%. The Philadelphia Housing Index was falling 3.3%, and the Real Estate Select Sector SPDR Fund was shedding 0.5%. Bitcoin was declining 0.8% to $111,164, and the yield for 10-year US Treasuries was up 3 basis points at 4.08%. In economic news, t...
US equity indexes were mixed in midday trading on Tuesday amid gains in government bond yields following a downward revision in annual nonfarm payrolls.
Societe Generale said it penciled in a 25bps rate cut to 4.50% later Tuesday at Chile's central bank against consensus for no change. BCCh previously indicated that it plans to move the policy rate toward neutral -- around 4% -- in the coming quarters following the July cut, noted the bank. MT Newswires does not provide investment advice.
Russia's central bank is expected to cut again on Friday, said Scotiabank. The CBR has eased from a key rate of 21.0% back in April to 18.0% now amid expectations that another mega cut could be delivered now, noted the bank. The reason is due to inflation falling, with the consumer price index at 'only' 8.8% year over year and core slipping to 8.5%, stated Scotiabank.
Gold continued its record run early on Tuesday, climbing again on expectations the Federal Reserve is likely to begin lowering interest rates as the U.S. economy falters.
Oatly Group AB (OTLY) announced today that it?will participate in a series of investor meetings to pursue the?issuance?of SEK denominated senior secured floating rate bonds, has entered into a commitment letter for a new SEK 750 million super senior revolving credit facility contemplated to become effective following settlement of the Nordic Bonds, and has entered into Convertible Note Repurchase Agre...
Freddie Mac announced today the pricing of its second Seasoned Credit Risk Transfer Trust offering of 2025?a securitization of approximately $707 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned re-performing loans.
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