* FTSE 100 up 0.3%, FTSE 250 down 0.02% * Industrial metal miners jump on copper gains. * Defence sector gains after Trump's comments on Ukraine. * JD Sports Fashion reports 13.5% fall in first-half profit.
National Bank of Canada in a Tuesday note maintained its outperform rating on the shares of Groupe Dynamite (GRGDF) while raising its price target to $66.00 from $55.00. The bank noted the clothing retailer's shares have "meaningfully outperformed" recently and said it is reviewing its price target following a "strong" 43% stock price appreciation in a short time frame since reporting Q2/F25 results.
National Bank of Canada on Wednesday retained Versamet Royalties's outperform rating and $11 price target. Versamet Royalties announced it has purchased a 90% silver stream on the Rosh Pinah Zinc mine in Namibia and a 2.75% net smelter royalty on the Santa Rita mine in Brazil for upfront consideration of US$125 million and contingent consideration of up to $45 million.
Sri Lanka's central bank said Wednesday its Monetary Policy Board decided to maintain the Overnight Policy Rate at the current level of 7.75%. The Board arrived at Tuesday's decision after carefully considering both domestic and global developments, noted CBSL in its policy stament.
National Bank of Canada Wednesday kept Lithium Americas's sector perform rating and $5 price target. The bank said a possible involvement by the US government in Lithium Americas (LAC)' Thacker Pass project could derisk the project's financials during the construction period, as well as the future revenues required through initial offtakes.
* Fed Chair Powell emphasizes balance between jobs and inflation. * Euro falls after rising for two straight sessions. * NZ dollar drops after appointment of new central bank chief. * Yen lower as traders assess candidates for Japanese PM. * US dollar index rises. By Chibuike Oguh and Canan Sevgili.
The Czech central bank Wednesday said its Board kept interest rates unchanged, as expected. The two-week repo rate remained at 3.50%. All seven members of the Board voted in favor of this decision. "Today's decision aims to stabilise headline inflation close to the 2% inflation target in the long run," wrote CNB in its policy statement. MT Newswires does not provide investment advice.
Oil and gas activity in the key producing states of Texas, Louisiana and New Mexico declined slightly in the third quarter, as executives there expressed an increasingly negative outlook for the industry, according to a survey released by the Federal Reserve Bank of Dallas on Wednesday.
It was announced overnight Tuesday that Riksbank's Deputy Governor Anna Breman will become the new Reserve Bank of New Zealand governor from December, said ING. ING doesn't see major implications for either central bank, as Breman briefly stood out on the dovish side in 2023 but has since been rather neutral.
Hudbay Minerals (HBM) late Tuesday said it has temporarily shut down its Constancia mill in Peru due to ongoing social unrest. The company said the situation has escalated over the weekend with riots in Lima and several protests across the country, affecting Hudbay's Constancia mine and other mines in the southern mining corridor.
California Resources (CRC) said Wednesday it intends to sell $400 million of senior unsecured notes due 2034 in a private offering. The company said it plans to use the net proceeds, along with cash on hand and borrowings, to help repay Berry's existing debt in connection with their pending merger and to pay fees and expenses related to the merger and the offering of the notes.
* US core PCE data due on Friday. * US weekly jobs data due on Thursday. * Powell strikes cautious tone on path of future rate cuts. By Noel John. Gold prices eased on Wednesday as the U.S. dollar firmed, retreating from a record high scaled in the previous session, while investors hunkered down for economic data due later in the week for further cues on the Federal Reserve's policy path.
Against consensus and market expectations, the Riksbank delivered a 25bps rate cut to 1.75% on Tuesday, said UBS. With Tuesday's reduction at Sweden's central bank, the policy rate at 1.75% has likely become accommodative.
California Resources Corp (CRC): * CALIFORNIA RESOURCES CORPORATION ANNOUNCES PRIVATE OFFERING OF $400 MILLION OF SENIOR UNSECURED NOTES. * California Resources Corp (CRC) - PROCEEDS TO REPAY BERRY CORPORATION'S EXISTING INDEBTEDNESS Source text: Further company coverage:
Russia's state budget deficit is expected to amount to 5.7 trillion roubles or 2.6% of gross domestic product in 2025, well above the target of 1.7%, according to Finance Ministry documents reviewed by Reuters.
NRG Energy Inc (NRG): * NRG ENERGY, INC. ANNOUNCES OFFERINGS OF SENIOR SECURED NOTES AND SENIOR UNSECURED NOTES. * NRG Energy Inc (NRG): INTENDS TO USE A PORTION OF NET PROCEEDS TO PARTIALLY FUND LSP ACQUISITION. * NRG Energy Inc (NRG) - INTENDS TO USE A PORTION OF THE NET PROCEEDS TO REPAY 2% SENIOR NOTES DUE 2025 Source text: Further company coverage:
US equity futures were flat ahead of Wednesday's opening bell as traders turned cautious after Federal Reserve Chair Jerome Powell flagged a "challenging situation" for the central bank. Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.2% higher.
Debate around politicization of the Federal Reserve has mostly centered on its interest rate-setting independence. These are the pipelines of dollar liquidity to central banks that the Fed opens in times of crisis, like 2008 and 2020, to keep the dollar-based global financial system from seizing up. That's the assumption.
Mexico's headline inflation sped up in the first half of September, broadly in line with market expectations, heading closer to the upper limit of the central bank's target. Banxico, as the central bank is known, is expected to further cut its benchmark interest rate 25 basis points later this week, but persistent inflation casts doubts on its path moving forward.
Mexico's headline inflation sped up in the first half of September, broadly in line with market expectations, heading closer to the upper limit of the central bank's target. Banxico, as the central bank is known, is expected to further cut its benchmark interest rate 25 basis points later this week, but persistent inflation casts doubts on its path moving forward.
US equity futures were little changed pre-bell Wednesday as traders turned cautious after Federal Reserve Chair Jerome Powell flagged a "challenging situation" for the central bank. Dow Jones Industrial Average futures were flat, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.2% higher.
U.S. Treasury Secretary Scott Bessent on Wednesday said he would interview a lot of candidates next week to replace Jerome Powell as chair of the Federal Reserve, with an eye to completing the first round of interviews by the first week of October. Bessent told Fox Business Network's "Mornings with Maria" that he was surprised by the strength of some candidates, but declined to name them.
California Resources Corporation (CRC) announced today that, subject to market and other conditions, it intends to offer and sell to eligible purchasers $400 million in aggregate principal amount of senior unsecured notes due 2034.
* Fed Chair Powell emphasises balance between jobs and inflation. * Aussie firms as hot headline CPI spurs reduction in easing bets. * NZ dollar steady after Riksbank's Breman named next RBNZ chief. * Yen lower as traders assess candidates for Japanese PM. By Kevin Buckland and Canan Sevgili.
Spline Data's third major data product produces machine-learning-derived new issue scales on demand CHICAGO, Sept. 24, 2025 /PRNewswire/ -- Spline Data, a leading provider of quantitative U.S. municipal bond pricing data and analytics, today announced the launch of its real-time primary market pricing tool designed to bring greater efficiency, accuracy, and customization to the bond issuance pr...
The CapEx Finance Index showed that demand for equipment continued to improve in August, with new business volumes rising for a second straight month despite both turbulent trade policy and changes at the Federal Reserve.
NRG Energy (NRG) said Wednesday it launched an offering of senior secured notes, as well as an offering of senior unsecured notes. The secured notes offering consists of senior secured first lien notes due 2030 and senior secured first lien notes due 2035, while the unsecured notes offering consists of senior notes due 2034 and senior notes due 2036, the company said.
One of two G10 central bank meetings took place on Tuesday and resulted in a surprise decision with Sweden's Riksbank cutting the key policy rate by another 25bps to 1.75%, said MUFG. OIS pricing before the meeting implied about a one-third chance of a cut, so the decision certainly surprised most of the market, wrote the bank in a note to clients.
U.S. corporate finance chiefs say the confusion around trade policy that put a damper on the first half of the year has begun to lift, but that price increases are still in the pipeline and may accelerate next year, according to the latest Fed survey of chief financial officers.
* Outlook improves, but tariffs still a concern. * Price inflation may be pushed off to 2026. * Less uncertainty versus earlier in the year. By Howard Schneider.
NRG Energy, Inc. (NRG) announced today the commencement of concurrent offerings of senior secured first lien notes, consisting of senior secured first lien notes due 2030 and senior secured first lien notes due 2035 and senior unsecured notes, consisting of senior notes due 2034 and senior notes due 2036.
The main US stock measures were mostly pointing higher in Wednesday's premarket activity as investors assess Federal Reserve Chair Jerome Powell's warning that the central bank faces a "challenging situation" with respect to its dual mandate. The S&P 500 rose 0.1% and the Nasdaq added 0.3% before the opening bell, while the Dow Jones Industrial Average was slightly in the red.
BBVA Research said it expects Mexico's central bank to deliver a 25bps rate cut on Thursday and to signal that the easing cycle still has room to continue. BBVA Research thinks further easing toward at least the midpoint neutral rate estimate remains warranted amid a weak demand outlook.
Chemtrade Logistics Income Fund, which closed down but hit 52-week highs Tuesday, announced overnight that its unit, Chemtrade Logistics, priced a private placement offering of $250 million principal amount of Senior Unsecured Notes due 2032.
LOS ANGELES---- Building on Part One of the 2025 Official LDC U.S. Latino GDP Report?, which established the $4 trillion scale of the U.S. Latino economy, the Latino Donor Collaborative today released Part Two, sponsored by Wells Fargo.
What matters in U.S. and global markets today. By Samuel Indyk, Equities Reporter, Finance and Markets Breaking News, EMEA. Wall Street snapped a three-day streak of record closes as Federal Reserve Chair Jerome Powell struck a measured tone on future rate cuts, balancing inflation risks with a weakening labor market.
What matters in U.S. and global markets today. By Samuel Indyk, Equities Reporter, Finance and Markets Breaking News, EMEA. Wall Street snapped a three-day streak of record closes as Federal Reserve Chair Jerome Powell struck a measured tone on future rate cuts, balancing inflation risks with a weakening labor market.
Gildan Activewear (GIL) overnight Tuesday priced an offering of US$1.2 billion aggregate principal amount of senior unsecured notes in two series. This consisted of $600 million aggregate principal amount of 4.700% senior unsecured notes, due October 7, 2030 and $600 million aggregate principal amount of 5.400% senior unsecured notes, due October 7, 2035.
U.S. stocks retreated on Wednesday, as investors booked profits with indexes near record levels after Federal Reserve Chair Jerome Powell flagged potentially stretched stock prices and ahead of a reading on inflation later in the week.
U.S. stocks closed lower for a second straight session on Wednesday, as investors booked profits with indexes near record levels after Federal Reserve Chair Jerome Powell flagged potentially stretched stock prices and ahead of a reading on inflation later in the week.
* Futures: Dow up 0.05%, S&P 500 up 0.2%, Nasdaq up 0.3% Futures for the S&P 500 and the Nasdaq edged higher on Wednesday as investors assessed cautious commentary from U.S. Federal Reserve Chair Jerome Powell and looked ahead to key economic data later in the week.
The pound fell against the dollar on Wednesday, after Federal Reserve Chair Jerome Powell offered a cautious view on the need for more rate cuts, which gave the U.S. currency a modest lift. Sterling was last down 0.35% at $1.34795, having lost 1% in value in the last week.
* EM stocks up 0.4%, FX down 0.17% * Czech central bank rate decision due at 1230 GMT. * Russia to raise VAT to fund military expenditure. * Indian rupee flat near record lows. * Trump to support Argentina, World Bank to accelerate support. By Nikhil Sharma.
* Fed Chair Powell emphasises balance between jobs and inflation. * Aussie firms as hot headline CPI spurs reduction in easing bets. * NZ dollar steady after Riksbank's Breman named next RBNZ chief. * Yen lower as traders assess candidates for Japanese PM. By Kevin Buckland and Canan Sevgili.
* Fed's Powell treads tightrope on future rate cuts. * Trump says Ukraine can recover all lost territory. * Silver hovers near 14-year highs. By Ishaan Arora. Gold prices steadied on Wednesday, trading near the record high hit the day before, as expectations of further U.S. interest rate cuts and geopolitical uncertainty boosted demand for the safe-haven metal.
Gildan Activewear (GIL) said late Tuesday it priced a private offering of $600 million of 4.7% senior unsecured notes due Oct. 7, 2030, and $600 million of 5.4% senior unsecured notes due Oct. 7, 2035. The company expects the offering to close by Oct. 7 and plans to use the net proceeds to help fund its planned acquisition of Hanesbrands (HBI), among other things.
Euro zone bond yields were steady on Wednesday, tracking subdued U.S. counterparts after Federal Reserve Chair Jerome Powell reaffirmed a cautious approach on future rate decisions amid the twin risks of high inflation and a softer U.S. labour market.
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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