US equity indexes were mixed as the S&P 500 and the Nasdaq Composite hit new all-time highs on Wednesday, but pared gains after a reading on wholesale prices unexpectedly declined. * The Bureau of Labor Statistics reported Wednesday that the producer price index fell 0.1% in August, following a downwardly revised 0.7% rise in July, compared with a Bloomberg survey forecast of a 0.3% gain.
US equity indexes were mixed ahead of Wednesday's close as a sharp decline in consumer discretionary shares -- ahead of consumer price inflation -- offset much of the tech-driven gains. The Nasdaq Composite fell 0.2% to 21,831.1, after scaling a new peak of 22,000.97 earlier in the session.
Financial stocks were declining in late Wednesday afternoon trading, with the NYSE Financial Index fractionally lower and the Financial Select Sector SPDR Fund down 0.5%. The Philadelphia Housing Index was shedding 0.5%, and the Real Estate Select Sector SPDR Fund was easing 0.1%. Bitcoin was increasing 1.6% to $113,302, and the yield for 10-year US Treasuries was dropping 4 basis points to 4.0...
Financial stocks were declining in late Wednesday afternoon trading, with the NYSE Financial Index fractionally lower and the Financial Select Sector SPDR Fund down 0.5%. The Philadelphia Housing Index was shedding 0.5%, and the Real Estate Select Sector SPDR Fund was easing 0.1%. Bitcoin was increasing 1.6% to $113,302, and the yield for 10-year US Treasuries was dropping 4 basis points to 4.0...
US benchmark equity indexes were mixed intraday as traders weighed a report showing a surprise drop in August producer prices, while Oracle shares soared on demand momentum. The S&P 500 was up 0.3% at 6,534.3 after midday Wednesday, while the Nasdaq Composite rose 0.1% to 21,903.5. The Dow Jones Industrial Average fell 0.5% to 45,463.8. On Tuesday, all three indexes closed at all-time highs.
The US Consumer Price Index is expected to rise by 0.3% in August after a 0.2% gain in July, according to a survey compiled by Bloomberg, while the year-over-year rate is forecast to accelerate to 2.9% from 2.7%. The CPI data are scheduled to be released at 8:30 am ET Thursday.
Gold traded at a record high for a third-straight day midafternoon on Wednesday, edging up after a report showed U.S. wholesale prices unexpectedly fell in August, clearing the way for the Federal Reserve to cut interest rates next week. Gold for December delivery was last seen up US$1.90 to US$3.384.10 per ounce, rising off Tuesday's record close.
Financial stocks were mixed in Wednesday afternoon trading, with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund off 0.3%. The Philadelphia Housing Index was shedding 0.7%, and the Real Estate Select Sector SPDR Fund was adding 0.1%. Bitcoin was increasing 2.3% to $113,685, and the yield for 10-year US Treasuries was dropping 4.2 basis points to 4.03%. In economic new...
The Federal Home Loan Bank of San Francisco announced today that it has awarded $8 million in economic development grants under the Access to Housing?and Economic Assistance for?Development program.
Financial stocks were mixed in Wednesday afternoon trading, with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund off 0.2%. The Philadelphia Housing Index was shedding 0.3%, and the Real Estate Select Sector SPDR Fund was adding 0.3%. Bitcoin was increasing 2.1% to $113,864, and the yield for 10-year US Treasuries was dropping 3 basis points to 4.05%. In economic news,...
The Bank of Israel lowered its 2025 gross domestic product to 3.3% from 3.5% in July on the back of a downward adjustment to private consumption and exports, noted UBS. The bank calculates the first-round GDP impact of the 15% United States reciprocal tariffs at 0.4% of GDP. Headline inflation fell to 3.1% year over year in July, but core rose back to 3.4% year over year.
The Toronto Stock Exchange is up near 100 points with miners and energy, up 1.2%, the biggest gainers. Telecoms, down 1%, is the biggest decliner. BMO Economics, in its morning note, said the market continues to focus on softer growth and job market conditions ahead, and is fully pricing in a 25 bp rate cut by the Federal Reserve on September 17th, with 100 bps of easing through April 2026.
A sharper-than-expected drop in U.S. producer prices is bolstering expectations for rate cuts, but with Wednesday's Consumer Price Index on deck, investors will need to brace for a potentially stickier inflation picture. Economists forecast that the August Consumer Price Index will show headline inflation climbing to 2.9% year-over-year, up from 2.7% in July.
Royal Bank of Canada Wednesday announced enhancements to the WestJet RBC World Elite Mastercard and WestJet RBC Mastercard. Starting Nov. 5, cardholders will earn WestJet points faster on everyday purchases and receive expanded travel benefits and insurance options.
The Central Bank of Chile paused its easing cycle, keeping rates steady at 4.75% during Tuesday's meeting, citing higher-than-expected core inflation, said Societe Generale.
US producer prices fell for the first time in four months in August, defying Wall Street's expectations for a rise and possibly giving the Federal Reserve extra leeway to cut interest rates next week. The producer price index ticked down 0.1% on a seasonally adjusted basis last month, after a downwardly revised 0.7% increase in July, the Bureau of Labor Statistics reported Wednesday.
Light & Wonder (LNW) said Wednesday that its unit, Light and Wonder International, plans to offer $1 billion in senior unsecured notes due 2033 in a private offering. Net proceeds from the offering will be used to repay borrowings under the unit's revolving credit facility, redeem $700 million of its 7% senior unsecured notes due 2028, and for general corporate purposes, the company said.
Gold traded at a record high for a third-straight day early on Wednesday after a report showed U.S. wholesale prices unexpectedly fell in August, clearing the way for the Federal Reserve to cut interest rates next week. Gold for December delivery was last seen up US$4.20 to US$3.386.40 per ounce, rising off Tuesday's record close.
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.
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.
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