* Swiss National Bank keeps rate unchanged. * Investor focus on US GDP, inflation data. By Joice Alves. The Swiss franc was little changed against the dollar on Thursday as the Swiss National Bank kept the interest rate at zero, as expected, while the greenback was also steady as traders awaited U.S. data that may outline the impact of tariffs and the outlook for rates.
Deutsche Bank said it recently turned bullish on Mexico's peso as besides the high carry, the resilience of the trade balance has been another positive driver for the currency, improving the current account despite an underperformance of primary and secondary income.
Brazil's central bank projected on Thursday that inflation will hover near the official goal in the first quarter of 2028, but still fail to meet it, according to the bank's latest quarterly monetary policy report.
The US dollar rose against its major trading partners early Thursday, except for decline versus the Canadian dollar, before a busy day of economic data releases and appearances by Federal Reserve officials.
Brazil's central bank projected on Thursday that inflation will hover near the official goal in the first quarter of 2028, but still fail to meet it, according to the bank's latest quarterly monetary policy report.
Alimentation Couche-Tard (ANCTF) overnight Wednesday said it priced a private debt offering of US dollar denominated senior unsecured notes with an aggregate principal amount of US$1.2 billion, and that it priced a private debt offering of Canadian dollar denominated senior unsecured notes with an aggregate principal amount of C$500 million.
Wall Street futures pointed modestly lower pre-bell Thursday as traders eyed tech-sector prospects, and awaited clarity on pending rate cuts, if any, from the Federal Reserve. The Nasdaq mildly faltered in premarket hours on concerns that AI-mania has stretched values of tech-darlings, with bellwether chipmarket Nvidia slipping 0.6% before the open.
US equity markets were mostly pointing lower before the opening bell Thursday as traders await key economic data and commentary from several central bank officials. The S&P 500 and the Nasdaq declined 0.1% each in premarket activity, while the Dow Jones Industrial Average edged up 0.1%. The indexes closed Wednesday in the red for the second consecutive trading session.
Brazil's central bank on Thursday released updated long-term inflation projections, forecasting that in the first quarter of 2028, its final period considered, inflation will reach 3.1%, still above the official 3% target. The figure was included in the bank's quarterly monetary policy report, in which it also revised this year's economic growth forecast to 2.0%, down from 2.1% projected in June.
Cipher Mining Inc. (CIFR) , a leading developer and operator of industrial-scale data centers, today announced its intention to offer, subject to market and other conditions, $800 million aggregate principal amount of 0.00% convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, ...
Wednesday's softer German Ifo survey hasn't materially altered expectations for the European Central Bank to leave rates on hold through the rest of this year, said MUFG. ECB Executive Board member Piero Cipollone spoke on Wednesday and expressed confidence that the ECB is on track to meet its inflation goal.
* FTSE 100 down 0.22%, FTSE 250 down 0.25% * British medical equipment shares slide on US tariffs fears. * Petershill Partners (PHLLF) hits four-year high amid delisting plan. * Mitchells & Butler dives on weak Q4 sales growth.
* Investors continue to price the deposit rate at 2% by end-2026. * Hopes for fiscal stimulus to boost the German economy are fading. * Analysts remain concerned about rising debt levels. * Geopolitical risks fail to move the bond market. By Stefano Rebaudo.
Oil and gas prices have remained relatively range bound since early 2024, but resilience across covered companies continues to show signs of improvement, driven by a recent paradigm shift in capital discipline, National Bank of Canada said in a Wednesday note.
U.S. stocks ended moderately lower on Thursday, with most S&P 500 sectors down as economic data increased uncertainty over the outlook for interest rate cuts from the Federal Reserve. Data showed initial jobless claims dropped 14,000 to a seasonally adjusted 218,000 for the week ended September 20.
* EM stocks down 0.4%, FX down 0.1% * Czech National Bank keeps rates on hold. * Pepco Group jumps after reporting higher revenue. * Turkey's Erdogan to meet Trump later in the day. By Nikhil Sharma. Emerging market stocks fell on Thursday, while currencies also wavered against a steady dollar as investors assessed prospects of a measured U.S. monetary policy easing outlook.
Societe Generale in its early Thursday economic news summary pointed out: -- The US dollar tracks higher United States Treasury yields, 2s back up to 3.60%, break opens 3.70%. 10s up to 4.147%. U.S: Treasury Secretary Bessent: to complete the first round of interviews for the successor of Federal Reserve Chair Powell by the first week of October, surprised that the Fed hadn't sketched out a tar...
* August PCE data to show 0.3% m/m rise, per Reuters poll. * Weekly U.S. jobless claims data due at 1230 GMT. * Platinum gains 2% By Ishaan Arora. Gold rose on Thursday as geopolitical and economic tensions heightened safe-haven demand, while investors awaited U.S. economic data for clues on the Federal Reserve's monetary policy trajectory.
The Swiss National Bank is prepared to cut interest rates further if it is necessary, Chairman Martin Schlegel said on Thursday after the central bank held its policy rate at 0%. "Yes, we are prepared to cut further if it is required," Schlegel told reporters.
TORONTO, Sept. 25, 2025 Global economic freedom has declined for the fourth year in a row, finds the annual Economic Freedom of the World report published today by the Fraser Institute.
* Swiss National Bank keeps rate unchanged. * Investor focus on US GDP, inflation data. By Joice Alves and Ankur Banerjee. The Swiss franc was little changed against the dollar on Thursday as the Swiss National Bank kept the interest rate at zero, as expected, while the greenback was steady as traders awaited data that may outline the impact of tariffs and the outlook for rates.
The Swiss National Bank anticipates that growth in the global economy will be subdued over the coming quarters as economic developments are being dampened by U.S. tariffs and ongoing high uncertainty, Vice Chairman Antoine Martin said on Thursday.
U.S. tariffs are a "major challenge" and will likely dampen economy activity, Swiss National Bank Chairman Martin Schlegel said on Thursday after the central bank held its interest rates at 0%. "Against this backdrop, our monetary policy is supporting economic development, " said Schlegel, in remarks prepared for a press conference, although he noted uncertainty currently remained high.
* SNB says Trump tariffs will hit Swiss economy. * Central bank holds rates for first time in seven meetings. * Inflation has recently crept back into target range. * SNB governor says prepared to cut rates again if needed. By John Revill.
The Swiss National Bank held its key interest rate at zero on Thursday, the lowest among major central banks, as it weighs the impact of U.S. President Donald Trump's tariffs on the Swiss economy. The SNB kept its policy rate unchanged at 0%, as expected by markets and a Reuters poll, helped by a small uptick in inflation in recent months.
* Investor focus on US GDP, inflation data. * Cautious Fedspeak pare some rate cut bets. * Yen wobbles on LDP election jitters, BOJ rate hike bets. By Ankur Banerjee.
Hertz Global Holdings, Inc. (HTZ), a leading global rental car company, today announced that its wholly-owned indirect subsidiary, The Hertz Corporation, has entered into an agreement to sell $375 million in aggregate principal amount of 5.500% Exchangeable Senior Notes due 2030, in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended.
-Chinese EV maker BYD sold three times as many new cars in the European Union last month than in August 2024, surpassing U.S. competitor Tesla for the second consecutive month, data from the European auto lobby ACEA showed on Thursday.
Chinese EV maker BYD sold three times as many new cars in the European Union last month than in August 2024, surpassing U.S. competitor Tesla for the second consecutive month, data from the European auto lobby ACEA showed on Thursday.
MSCI's global equities gauge lost ground while the dollar rose as investors worried that Thursday's surprisingly strong U.S. economic data would make the Federal Reserve more cautious about cutting interest rates.
* Fed's Daly says further rate cuts will likely be needed. * US Personal Consumption Expenditures index due on Friday. * Gold still very much bullish in longer term, analyst says. By Anmol Choubey. Sept 25 - Gold prices held steady on Thursday as investors awaited key U.S. economic data for further insights into Federal Reserve policy, with a slightly weaker dollar lending some support to bullion.
The dollar strengthened against major peers including the euro and yen on Thursday following U.S. economic data, which would likely restrain the future interest rate cuts by the Federal Reserve. The Commerce Department reported that U.S. gross domestic product rose by an upwardly revised rate of 3.8% from April through June, higher than 3.3% initially reported.
* Investor focus on US GDP, inflation data. * Cautious Fedspeak pare some rate cut bets. * Yen wobbles on LDP election jitters, BOJ rate hike bets. By Ankur Banerjee.
Gold rebounded on Thursday, driven
by expectations of further U.S. interest rate cuts and
geopolitical risks, while a slightly weaker dollar also lent
support to bullion prices ahead of key economic ...
LAVAL, QC, Sept. 24, 2025 ?Alimentation?Couche-Tard Inc. announced today that it has priced a private debt offering of US dollar denominated senior unsecured notes with an aggregate principal amount of US$1.2 billion, consisting of two tranches of notes, and that it has priced a private debt offering of Canadian dollar denominated senior unsecured notes with an aggregate principal amount of Cdn...
Oil prices steadied?on Thursday after hitting a seven-week high in the previous session as Russia moved?to restrict fuel exports until the end of the year, but the gains were limited by new U.S. economic data that tempered optimism around further interest rate cuts.
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.
California Resources Corp (CRC): * CALIFORNIA RESOURCES CORPORATION ANNOUNCES PRICING OF PRIVATE OFFERING OF $400 MILLION OF SENIOR UNSECURED NOTES Source text: Further company coverage:
NRG Energy Inc (NRG): * NRG ENERGY, INC. ANNOUNCES PRICING OF SENIOR SECURED NOTES AND SENIOR UNSECURED NOTES. * NRG Energy Inc (NRG) - PRICES $625 MILLION OF 4.734% NOTES DUE 2030. * NRG Energy Inc (NRG) - PRICES $625 MILLION OF 5.407% NOTES DUE 2035. * NRG Energy Inc (NRG) - PRICES $1.25 BILLION OF 5.750% NOTES DUE 2034.
NRG Energy (NRG) said late Wednesday it priced senior secured and unsecured notes in concurrent offerings. The company priced $625 million of 4.734% senior secured first lien notes due 2030 and an identical amount of 5.407% senior secured notes due 2035. NRG also priced $1.25 billion of 5.75% senior unsecured notes due 2034 and $2.40 billion of 6% senior notes due 2036, according to a statement.
Funds Support Expansion of Staff to Support Growing Operations. In a shared commitment to community revitalization and economic empowerment, the Federal Home Loan Bank of Dallas and FBT Bank & Mortgage have awarded $30,000 in Partnership Grant Program funds to Home Again Pine Bluff. This press release features multimedia.
California Resources (CRC) said late Wednesday it has priced a private offering of $400 million in 7% senior unsecured notes due 2034, as it gears up to fund its pending merger with Berry. The energy and carbon management company expects to raise around $394 million in net proceeds. The offering is expected to close on Oct. 8. MT Newswires does not provide investment advice.
Moody's: * MOODY'S RATINGS UPGRADES COSTA RICA'S RATINGS TO BA2; CHANGES OUTLOOK TO STABLE FROM POSITIVE. * MOODY'S: UPGRADE REFLECTS VIEW THAT PROSPECTS FOR COSTA RICA'S FISCAL & DEBT METRICS HAVE IMPROVED MEANINGFULLY. * MOODY'S: STABLE OUTLOOK REFLECTS BALANCE OF UPSIDE & DOWNSIDE RISKS TO COSTA RICA'S BA2 RATING.
TRADING DAY. Making sense of the forces driving global markets. By Jamie McGeever, Markets Columnist?. Wall Street fell on Wednesday as record high prices and lofty valuations gnawed away at sentiment, while the dollar rose as investors continued to digest Federal Reserve Chair Jerome Powell's cautious comments this week on further rate cuts.
TRADING DAY. Making sense of the forces driving global markets. By Jamie McGeever, Markets Columnist. Wall Street fell on Wednesday as record high prices and lofty valuations gnawed away at sentiment, while the dollar rose as investors continued to digest Federal Reserve Chair Jerome Powell's cautious comments this week on further rate cuts.
Mirion Technologies (MIR) said late Wednesday it plans to offer $250 million of convertible senior notes due 2031 to institutional buyers. The company will grant underwriters a 13-day overallotment option to buy up to an additional $37.5 million of the notes, the company said. Separately, the company said it launched a public offering of $350 million of class A common shares.
NRG Energy, Inc. (NRG) has priced its concurrent offerings of senior secured first lien notes, consisting of $625 million aggregate principal amount of 4.734% senior secured first lien notes due 2030 and $625 million aggregate principal amount of 5.407% senior secured first lien notes due 2035 and senior unsecured notes, consisting of $1,250 million aggregate principal amount of 5.750% senior notes d...
US equities fell for the second straight day, while Treasury yields rose as investors continued to evaluate what appeared to be hawkish remarks made by Federal Reserve Chair Jerome Powell on Tuesday. The Dow Jones Industrial Average lost 0.4% to 46,121.3 on Wednesday.
San Francisco Federal Reserve President Mary Daly on Wednesday said she would not call the labor market weak, though it has cooled from its formerly "solid" state. "I'd say it's sustainable, but ... I do not want to see further softening," Daly said in Salt Lake City.
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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