Morgan Stanley said it expects the Bank of Thailand to cut rates by 25bps on Wednesday on the back of persistent weakness in growth/inflation. Morgan Stanley also estimated the central bank of the Philippines to reduce rates by 25bps on Thursday, given below-target inflation. MT Newswires does not provide investment advice.
Emerging market economies have become better at weathering major global economic shocks thanks to their credible inflation targeting, improved foreign exchange regimes and strong fiscal guardrails, a study by the International Monetary Fund showed.
By Jamie McGeever. The U.S. government shutdown is delaying key economic data releases, thickening the fog of uncertainty for policymakers and businesses, but they needn't worry. That may sound flippant, but the connection between U.S. equity prices, consumer spending and economic growth is strengthening.
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 $12 million offering from Center Moriches Union Free School District, N.Y., records a Flood Score of 4.8 out of 5.0, ICE reports.
T-Mobile US, Inc. (TMUS) announced today that T-Mobile USA, Inc., its direct wholly-owned subsidiary, plans to offer, subject to market and other conditions, senior notes in a registered public offering. Barclays Capital Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC are the joint book-running managers for the offering of the notes.
Societe Generale said it had previously predicted the Bank of Japan's next rate hike would occur in October, but given. 1) the result of Saturday's LDP presidential election and 2) the United States government shutdown and growing concerns about a further economic downturn, the bank changed its forecast to December.
-U.S. retailers brace for a subdued holiday shopping season this year as the economic fallout from President Donald Trump's erratic trade policies leaves?shoppers more cautious about buying extravagant gifts.
Following Brazil's Pix blueprint, Colombia has launched its own instant payment ecosystem called Bre-B with the same core features: interoperability, 24/7 availability, and immediate settlement. More than 30 million people have already registered to use Bre-B, according to Colombia?s central bank, representing 76% of the country?s adult population.
-U.S. holiday online sales are expected to grow at a slower pace this year, according to projections by data firm Adobe Analytics released on Monday, as macroeconomic uncertainty continues to pressure?consumer spending. Adobe expects U.S. online sales to rise 5.3% to $253.4 billion between November 1 and December 31, this year, compared with an 8.7% rise last year.
The US dollar rose against its major trading partners early Monday to begin a relatively quiet week of economic data releases, with a focus on the minutes of the Sept. 16-17 Federal Open Market Committee meeting being released Wednesday. The US government shutdown continues to impact the scheduling of government-produced data releases. There are no data releases scheduled on Monday.
The Bank of England on Monday named Barclays Bank, BNP Paribas, Merrill Lynch International and J.P. Morgan Securities as joint lead managers for a bond sale to finance the central bank's foreign exchange reserves. The BoE said it would issue a benchmark, five-year U.S. dollar bond, to be offered in the near future, subject to market conditions.
NASHVILLE, Tenn. "Today, we announce the launch of our California Intermediate Municipal ETF ? a direct response to client requests for state-specific options, leveraging our strong expertise in municipal bonds," said AB's Global Head of ETFs & Portfolio Solutions Noel Archard.
Commerzbank in its "European Sunrise" note of Monday highlighted: Markets: United States Treasury yields rise across the board, led by long-end. Fed: Federal Reserve Bank of Dallas President Lorie Logan says "we're furthest away on the inflation side" of policy objectives. U.S.: President Donald Trump says "we're ready to go back" on the shutdown.
The Canadian Labour Force Survey on Friday will be closely watched ahead of the Bank of Canada's next interest rate decision on Oct. 29 after last month's cut, said RBC. The BoC made the move in September following a deterioration in the labor market over the summer.
Japan's wage outlook will be key to how soon the central bank resumes interest rate hikes, its former top economist Seisaku Kameda told Reuters on Monday, predicting the next increase to come either in December or January.
US equity investors will focus on the meeting minutes from the Federal Open Market Committee and quarterly earnings this week as they await a lifting of the partial federal government shutdown.
* Futures up: Dow 0.15%, S&P 500 0.32%, Nasdaq 0.51% U.S. stock index futures rose on Monday, building on gains from last week as a flurry of AI-related dealmaking and softer labor market trends bolstered expectations for an interest-rate cut.
Danaos (DAC) said Monday it plans a private offering of up to $500 million of senior notes due 2032, subject to market conditions and other factors. The company intends to use the net proceeds to fully redeem the $262.8 million outstanding principal amount of its 8.5% senior notes due 2028 on or about March 1, 2026, among other things. Danaos (DAC) shares were up 2.9% in recent premarket activity.
* * Fed's Miran wants aggressive rate cuts. * Silver hits over 14-year high. By Anmol Choubey. Gold prices touched an all-time high on Monday, soaring above $3,900-per-ounce level, as investors flocked to safe-haven bullion amid the U.S. government shutdown, broader economic uncertainty, and prospects of further Federal Reserve rate cuts.
The Bank of Japan on Monday maintained its economic assessments for eight of its regions saying their economies were recovering moderately or picking up, and cut the assessment for one area.
* Vietnam Q3 GDP up 8.23%, supporting government growth target. * Exports to US fall for second straight month as tariffs bite. * Footwear exports to US down 27% in September from August. By Khanh Vu and Phuong Nguyen.
Emerging Asian currencies started the
week on the back foot, with the Indonesian rupiah and Philippine
peso leading losses on Monday, as holiday-thinned trading and
caution ahead of rate decisions ...
Sanae Takaichi, who is set to become Japan's new prime minister, will likely tolerate another 25-basis-point interest rate hike by January next year if the economy is in firm shape, said Takuji Aida, who is widely considered as among her closest advisers on economic policy.
* Gold hits all-time high of $3,924.39/oz. * Yen sinks as Takaichi win spurs bets of fiscal easing. * Fed's Miran wants aggressive rate cuts. By Brijesh Patel.
Gold surged past $3,900 an ounce for
the first time on Monday, driven by safe-haven demand amid a
U.S. government shutdown, alongside growing expectations of
additional Federal Reserve rate cuts.
Japanese shares surged to a record high on Monday, while the yen and long-term bonds tumbled as Sanae Takaichi was all but confirmed to become the country's next premier, stoking bets on a revival in big spending and loose monetary policy.
-President Donald Trump on Sunday urged U.S. mortgage financing companies Fannie Mae and Freddie Mac to "get Big Homebuilders going," saying without providing evidence that U.S. builders were "sitting on 2 Million empty lots, a RECORD." It was unclear exactly what action Trump expected builders or the mortgage giants to take.
-President Donald Trump on Sunday urged U.S. mortgage financing companies Fannie Mae and Freddie Mac to "get Big Homebuilders going," saying without providing evidence that U.S. builders were "sitting on 2 Million empty lots, a RECORD." It was unclear exactly what action Trump expected builders or the mortgage giants to take.
Gold surged past $3,900 an ounce for the first time in early Asian trade on Monday, as safe-haven demand from a U.S. government shutdown added to the momentum from expectations of more Federal Reserve rate cuts. Spot gold gained 0.6% to $3,910.09 per ounce by 23:53 GMT on Sunday, while U.S. gold futures for December delivery gained 0.7% to $3,935.
President Donald Trump on Sunday urged U.S. mortgage financing companies Fannie Mae and Freddie Mac to "get Big Homebuilders going," saying without providing evidence that U.S. builders were "sitting on 2 Million empty lots, a RECORD." It was unclear exactly what action Trump expected builders or the mortgage giants to take.
Gold surged past $3,900 an ounce for the first time in early Asian trade on Monday, as safe-haven demand from a U.S. government shutdown added to the momentum from expectations of more Federal Reserve rate cuts. Spot gold gained 0.6% to $3,910.09 per ounce by 23:53 GMT on Sunday, while U.S. gold futures for December delivery gained 0.7% to $3,935.
With Sanae Takaichi set to become Japan's prime minister, advancing expansionist economic policies, chances have risen that the central bank will avoid raising interest rates this month, though the pause may not last if it batters the yen.
Japan's likely next prime minister, Sanae Takaichi, said on Saturday the government and central bank must work closely to ensure the economy achieves demand-driven inflation backed by rising wages and corporate profits.
Japan's likely next prime minister, Sanae Takaichi, said on Saturday the government and central bank must work closely to ensure the economy achieves demand-driven inflation backed by rising wages and corporate profits.
DENVER, Oct. 3, 2025 Energy Fuels Inc.? today announced the closing of its previously announced upsized offering of 0.75% Convertible Senior Notes due 2031 for an aggregate principal amount of?US$700.0 million, including the exercise in full by the initial purchasers of their option to purchase an additional US$100.0 million of Notes.
KBRA assigns a long-term rating of AA+ with a Stable Outlook to the City of New York General Obligation Bonds, Fiscal 2026 Series D and Fiscal 2026 Series E. The Fiscal 2026 Series D Bonds are tax-exempt. General Obligation Bonds, of which approximately $46.72 billion were outstanding as of June 30, 2025, are secured by the City?s faith and credit pledge.
* FITCH SAYS OUTLOOK FOR SLOVENIA IS STABLE. * FITCH: PROJECTS SLOVENIA WILL MAINTAIN BROADLY BALANCED PRIMARY BUDGET POSITION WHILE PRESERVING LARGE LIQUIDITY BUFFERS. * FITCH: SLOVENIA'S ECONOMY HAS DEMONSTRATED RESILIENCE TO SERIES OF EXTERNAL SHOCKS. * FITCH: SLOVENIA'S FISCAL CREDIBILITY HAS STRENGTHENED.
US equity indexes were mixed on Friday after hitting new record highs as investors largely shrugged off the ongoing partial federal government shutdown and data showed a key services index slipped into neutral territory.
KBRA assigns a long-term rating of A+ with a Stable Outlook to the Pennsylvania Turnpike Commission Turnpike Subordinate Revenue Refunding Bonds, First Series 2025. Proceeds from the sale will be used to defease and redeem certain outstanding parity bonds for present value savings and pay the cost of issuance.
The Texas Transportation Finance Corp. leads the new-issue calendar with $1.739 billion of subordinate tier toll revenue and refunding bonds, followed by New York City with $1.5 billion of general obligation bonds.
Federal Reserve Governor Stephen Miran said on Friday that the aggressive rate cuts he wants the central bank to pursue won't limit the central bank's ability to respond to unexpected economic weakness.
Financial stocks advanced in late Friday trading, with the NYSE Financial Index up 0.9% and the Financial Select Sector SPDR Fund adding 0.8%. The Philadelphia Housing Index rose 0.9%, and the Real Estate Select Sector SPDR Fund increased 0.6%. Bitcoin gained 1.7% to $122,686, and the yield for 10-year US Treasuries increased 3 basis points to nearly 4.12%. In economic news, the Institute for S...
AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of ?bbb? of Redbridge Insurance Company Limited.
Financial stocks advanced in late Friday afternoon trading, with the NYSE Financial Index up 0.9% and the Financial Select Sector SPDR Fund adding 0.8%. The Philadelphia Housing Index rose 0.9%, and the Real Estate Select Sector SPDR Fund increased 0.6%. Bitcoin gained 1.7% to $122,686, and the yield for 10-year US Treasuries increased 3 basis points to nearly 4.12%. In economic news, the Insti...
Federal Reserve Vice Chair Philip Jefferson said Friday that the economic outlook is uncertain and that he was adopting a cautious approach to gauging whether slowing growth and a softening labor market outweigh inflation pressures from tariffs.
COLUMBUS, Ohio and DALLAS, Oct. 3, 2025 ?Huntington Bancshares Incorporated (HBAN); and Veritex Holdings, Inc. (VBTX); jointly announced that the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency have approved the proposed merger of Veritex (VBTX) with and into Huntington, with Huntington continuing as the surviving corporation, and the merger of Veritex Community Ba...
The Federal Reserve Board on Friday approved BancFirst Corporation's (BANF) application to acquire AmeriBank Holding Company and its subsidiary, American Bank of Oklahoma, in Collinsville. Following the deal, BancFirst (BANF) plans to operate American Bank of Oklahoma separately before merging it with BancFirst (BANF), its Oklahoma City-based state member bank.
Fitch revised its outlook on the AAA-rated southern California to negative. The city is grappling with child sexual abuse claims from hundreds of people against one former employee.
US benchmark equity indexes were mixed intraday as a federal government shutdown entered its third day, delaying the highly anticipated September jobs report. The Nasdaq Composite was down 0.4% at 22,744.6 after midday Friday, while the Dow Jones Industrial Average rose 0.7% to 46,829. Among sectors, consumer discretionary saw the steepest drop intraday Friday, while utilities paced the gainers.
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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