Sentiment among small- and medium-sized German businesses nudged into positive territory for the first time since 2022, as slightly more firms showed optimism, a survey found on Tuesday.
* Gold hits all-time high of $3,977.19/oz. * Bullion may reach $4,300/oz over next 6 months, analyst says. * China's central bank extends gold buying for 11th month. By Anmol Choubey. Gold prices touched another record high on Tuesday driven by strong investment demand amid broader geopolitical and economic uncertainty with additional support from expectations of further U.S. interest rate cuts.
Austria's economy is expected to slightly grow in 2025, helped by private consumption, before picking up in 2026, two leading economic institutes said on Tuesday. The WIFO institute expects gross domestic product to grow by 0.3% in 2025 and 1.1% in 2026. Similarly, the IHS institute foresees economic growth of 0.4% this year and 0.9% next year.
The World Bank lifted its 2025 growth projection for China to 4.8% and raised its forecast for much of the region, but warned of a slowing momentum next year, citing low consumer and business confidence and weak new export orders.
The world's richest countries seem prepared to run their economies hot, leaving money and budget policies loose despite elevated inflation and mountainous debt piles. Just six months ago, as Washington ratcheted up tariff plans and financial markets had a near heart attack on the implications, many assumed the risk of a U.S. and global recession would rise dramatically as the year progressed.
* Gold scales all-time high of $3,977.19/oz. * 93% chance of Fed rate cut in Oct - CME FedWatch tool. * Kansas City Fed Bank President Jeff Schmid says disinclined to cut rates. By Ishaan Arora.
Gold prices rose to an all-time high
on Tuesday, extending gains to a third session on U.S. economic
and political uncertainties and expectations of further interest
rate cuts by the Federal Reserve.
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. This helps explain one of economists' big 'misses' this year: stubbornly resilient U.S. consumption.
Regulatory News: Coty Inc. (COTY) today announced the pricing of $900.0 million aggregate principal amount of 5.600% Senior Notes due 2031 to be issued by Coty (COTY) and its wholly-owned subsidiaries, HFC Prestige Products, Inc. and HFC Prestige International U.S. LLC in connection with the Issuers? previously-announced private offering.
A measure of Australian consumer sentiment slid for a second straight month in October as concerns about family finances returned amid speculation interest rates might not fall any further, a survey showed on Tuesday. A Westpac-Melbourne Institute survey showed its main index of consumer sentiment dropped 3.5% to 92.1, having fallen 3.1% in September.
KBRA assigns a long-term rating of A+ with a Stable Outlook to the City of Pensacola, FL Airport Revenue Bonds, Series 2025. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
KBRA affirms the long-term rating of A+ for the State of New Jersey's General Obligation Bonds and revises the rating outlook to Positive, from Stable, for the State's General Obligation Bonds and related State Appropriation bonds.
Solaris Energy Infrastructure (SEI) plans a public offering of $600 million in convertible senior unsecured notes due 2031, with an option for underwriters to purchase up to an additional $90 million. The notes will pay interest semiannually and can be converted into cash, Class A stock, or a combination of both at Solaris' discretion.
KBRA assigns a rating of BBB- to BlackRock Private Credit Fund's $50 million, 5.78% senior unsecured notes due December 17, 2028 and its $150 million, 6.14% senior unsecured notes due October 8, 2030.
T-Mobile US, Inc. (TMUS) announced today that T-Mobile USA, Inc., its direct wholly-owned subsidiary, has agreed to sell $800,000,000 aggregate principal amount of its 4.625% Senior Notes due 2033, $1,000,000,000 aggregate principal amount of its 4.950% Senior Notes due 2035 and $1,000,000,000 aggregate principal amount of its 5.700% Senior Notes due 2056 in a registered public offering.
Ellington Financial (EFC) said late Monday it has closed its $400 million offering of 7.375% senior unsecured notes due Sept. 30, 2030, via some of its subsidiaries. Ellington said it plans to use the net proceeds for general corporate purposes. MT Newswires does not provide investment advice.
-Kansas City Federal Reserve Bank President Jeff Schmid on Monday signaled he is disinclined to cut interest rates further, arguing that as the Fed navigates between the twin risks of overly tight and overly easy policy, it should stay focused on the danger of too-high inflation.
* Schmid supported September rate cut as risk management. * Inflation remains high, with services inflation at 3.5%, he says. * Schmid says Fed must maintain inflation credibility.
Solaris Energy Infrastructure, Inc. (SEI) announced today, in a separate press release, its intention to offer, in an underwritten public offering, subject to market and other conditions, $600,000,000 aggregate principal amount of convertible senior notes due 2031, plus up to an additional $90,000,000 aggregate principal amount of notes that the underwriters of the notes offering have the option to p...
Solaris Energy Infrastructure, Inc. (SEI) today announced its intention to offer, subject to market and other conditions, $600,000,000 aggregate principal amount of convertible senior notes due 2031 in a public offering registered under the Securities Act of 1933, as amended.
Any European Union decision on using frozen Russian state assets to help Ukraine must follow international law and the European Central Bank is "very attentive" to the process, ECB President Christine Lagarde said on Monday.
Ellington Financial Inc. (EFC) today announced that it has closed its offering of $400 million in aggregate principal amount of 7.375% senior unsecured notes due September 30, 2030 through certain of its subsidiaries.
* AMD soars after OpenAI deal. * Tesla up as company teases Tuesday event. * Crypto companies gain as bitcoin breaches $125k. By Stephen Culp. The S&P 500 and the Nasdaq advanced on Monday, as artificial intelligence-related dealmaking boosted investor sentiment even as the U.S. government shutdown extended through its sixth day.
Last week, the muni market saw a "slowdown in activity" after the asset class saw its best monthly performance in nearly two years, said Birch Creek strategists.
Financial stocks fell in late Monday afternoon trading with the NYSE Financial Index dropping 0.3% and the Financial Select Sector SPDR Fund easing 0.1%. The Philadelphia Housing Index declined 1.4%, and the Real Estate Select Sector SPDR Fund shed 0.9%. Bitcoin rose 1.9% to $125,738, and the yield for 10-year US Treasuries gained 4 basis points to 4.16%. The partial federal government shutdown...
* Group of Fed speakers to get extra scrutiny amid data absence. * Upcoming auctions and consumer sentiment data. * Private data suggest labor market not quickly deteriorating, Shipley says.
Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index down 0.4% and the Financial Select Sector SPDR Fund easing 0.1%. The Philadelphia Housing Index was falling 1.4%, and the Real Estate Select Sector SPDR Fund was shedding 1%. Bitcoin was climbing 1.9% to $125,738, and the yield for 10-year US Treasuries rose 4 basis points to 4.16%. The partial federal g...
La Marque's two-notch downgrade from Moody's follows a rating cut last month by S&P; both agencies put the city on review for potential further downgrades.
The Trump appointee accusing the president's political foes of mortgage fraud skipped over his agency's inspector general when making criminal referrals, according to seven people familiar with the matter, bypassing rules meant to ensure that federal officials don't abuse their power for partisan purposes.
First Majestic Silver (AG) shares were up more than 7% in recent Monday trading after National Bank of Canada upgraded the stock to outperform from sector perform. Trading volume stood at over 22.7 million shares, versus the daily average of about 20.1 million. Price: 12.98, Change: +0.87, Percent Change: +7.18. MT Newswires does not provide investment advice.
Gold hit an all-time high on Monday as the ongoing US government shutdown boosted demand for the safe-haven asset amid expectations of another rate cut from the Federal Reserve. Spot gold topped $3,950 per ounce for the first time, and was last trading at $3,955.80, up 1.8%. Gold for December delivery jumped 1.8% to $3,980.57 per ounce.
-The Federal Reserve cut the U.S. policy rate by a quarter-of-a-percentage point at its September 16-17 meeting and signaled some further gradual cuts ahead to support the labor market, despite still-elevated inflation.
Brazil posted a higher-than-expected trade surplus in September, official data showed on Monday, as the government raised its forecast for the full-year positive balance. Latin America's largest economy recorded a trade surplus of $2.99 billion in September, beating the $2.65 billion projected in a Reuters poll.
The City Council is exploring possible bond sales to expand Metro service for the NFL stadium slated to replace RFK Stadium, which is being demolished.
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb? to the EUR 750 million, 3.875% senior unsecured notes, due 2035, issued by Liberty Mutual Group Inc.. The notes are guaranteed by Liberty Mutual Holding Company Inc. and LMHC Massachusetts Holdings, Inc. The outlook assigned to the Credit Rating is stable.
IMPACT Community Capital LLC completed a third Private Placement Participate Certification Swap with Freddie Mac, swapping 57 permanent mortgages totaling $167.5 million for Freddie Mac guaranteed Multi PCs.
European stock markets closed mixed in Monday trading as the Stoxx Europe 600 slipped 0.04%, Germany's DAX closed flat, the FTSE 100 was off 0.13%, France's CAC dropped 1.36%, and the Swiss Market Index rose 0.4%. Eurozone construction activity remained in contraction, according to the HCOB Eurozone Construction PMI Total Activity Index, which fell to 46.0 in September from 46.7 in August, sign...
WASHINGTON, Oct. 6, 2025 Fannie Mae?today announced the results of its fixed-price cash tender offers for any and all of certain Connecticut Avenue Securities? Notes listed in the table below upon the terms and subject to the conditions set forth in the Offer to Purchase and related Notice of Guaranteed Delivery, each dated as of September 29, 2025?. A total of $2,000 million in original princ...
Chicago has selected its new senior manager and co-manager pools to underwrite future bond deals, five months after it released its request for qualifications.
National Bank of Canada Monday maintained Torex Gold Resources's outperform rating and $75 price target. Torex recently announced drill highlights from extension drilling at El Limon Guajes underground mine in Mexico, focused around the El Limon Sur and Sub-Sill trends. Results include 12.37 grams per tonne gold equivalent over 11.1 meters, and 28.13 g/t gold equivalent over 21.2 meters.
National Bank of Canada Monday maintained Pembina Pipeline's outperform rating and $56 price target. Pembina recently said it is advancing the phase one of the AESO large load allocation process with project partner Kineticor, securing a 907 MW allocation that has been assigned to a potential customer.
National Bank of Canada Monday kept Montage Gold's outperform rating and C$8 price target. Montage Gold (MAUTF) recently provided a construction update on the Kone project in Cote d'Ivoire, including progress at the oxide circuit, where construction is underway with an additional capex of US$25 million.
KBRA releases the September 2025 issue of CMBS Trend Watch. CMBS private label issuance continued at a healthy pace in September as 14 deals priced. Historically, the fourth quarter is typically the year?s busiest quarter, and this year seems no different based on our current pipeline.
* Unemployment claims increase slightly, layoffs remain low. * Shutdown halts official data, states continue jobless claims data collection. * Fed may advance rate cut due to incomplete data, economist says. By Lucia Mutikani.
National Bank of Canada over the weekend upgraded First Majestic Silver's rating to outperform from sector perform while its price target was raised to $22 from $20. National Bank made the changes after it attended a tour of First Majestic's Santa Elena and Cerro Los Gatos mines in Mexico, as well as the company's First Mint facility in Nevada.
The number of Americans filing new applications for unemployment benefits increased marginally during the last week of September, data from Haver Analytics showed, pointing to a still low level of layoffs even as hiring has stalled.
This week's Canadian international trade report will also be closely watched - along with the Labour Force Survey - ahead of the Bank of Canada's next interest rate decision on Oct. 29, following last month's cut, RBC said.
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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