The recovery in Canadian trade from Q2's weakness was never going to be a straight line and August saw a curve in the wrong direction with the trade deficit widening by more than expected, said CIBC after Tuesday's data.
Consumer expectations for one-year US inflation growth increased to a 3.4% gain in September from a 3.2% gain in the previous month, according to a survey released by the New York Federal Reserve Bank on Tuesday. The median inflation expectations remained at a 3% gain for the fifth straight month for the three-year period and increased to a 3% gain from a 2.9% gain for five years ahead.
The Department of Transportation is offering its Consolidated Transportation Bonds in a competitive sale Wednesday to what promises to be a receptive market.
Americans grew more worried about the future of the job market in September, while at the same time bumping up projections for the future path of near-term inflation, a report from the Federal Reserve Bank of New York said on Tuesday.
AM Best has upgraded the Financial Strength Rating to A+ from A and the Long-Term Issuer Credit Rating to ?aa-? from ?a+? of MS First Capital Insurance Limited. These Credit Ratings reflect MSFC?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
Canadian economic activity expanded at its fastest pace in 15 months in September as a measure of employment rebounded, Ivey Purchasing Managers Index data showed on Tuesday. The seasonally adjusted index rose to 59.8 last month from 50.1 in August, marking its highest level since June 2024.
Canada's merchandise trade deficit widened to $6.3 billion in August from a revised $3.8 billion -- previously $4.9 billion -- in July, said Bank of Montreal after Tuesday's data. Exports dropped 3.0% month over month, ending three months of recovery from the spring plunge.
* US gold futures breached the $4,000 level. * US government shutdown entered its seventh day. * China's central bank extends gold buying for 11th month. By Anushree Mukherjee.
Canada's trade deficit widened from a revised $3.8 billion in July to $6.3 billion in August, said TD after Tuesday's data. Exports in August pulled back 3% month-on-month after three consecutive monthly gains, noted the bank.
Progyny, Inc. (PGNY), a global leader in women?s health and family building solutions, today announced that CEO Pete Anevski has been honored with the recognition as a Champion for Women?s Health by the World Economic Forum and the Global Alliance for Women?s Health.
Canada's trade deficit widened back out in August, as exports dropped off by 3.0% month over month and imports rose by 0.9% month over month, said CIBC.
By Jamie McGeever. The Federal Reserve says its interest rate cuts are aimed at softening the impact of a looming labor market rupture. The reasoning posited by Chair Jerome Powell and the bevy of doves on the Federal Open Market Committee for pre-emptive easing is sound enough. The problem is the Fed's go-to tool in its armory - the federal funds policy rate - is a blunt one.
News Summary Fortinet?, the global cybersecurity leader driving the convergence of networking and security, today announced that?Fortinet (FTNT) will again participate in the upcoming?World Economic Forum? Annual Meeting on Cybersecurity in Dubai, United Arab Emirates,?October 14-16.
Not for distribution to U.S. Newswire Services or Dissemination in the United States TORONTO, ONTARIO / ACCESS Newswire (ACCS) / October 7, 2025 / AmeriTrust Financial Technologies Inc. (AMTFF), a fintech platform targeting automotive finance is announcing that it has entered into an agreement with Clarus Securities Inc. in connection with a best efforts brokered offering consisting of a Debenture Offering of...
Canada's merchandise trade deficit with the world widened to $6.3 billion in August from $3.8 billion in July as exports fell 3.0% month over month, while imports were up 0.9% month over month, said the country's statistical agency Tuesday. August's deficit was worse than the $5.70 billion consensus deficit provided by MUFG.
Top US banks are calling on President Donald Trump for lead roles in the planned initial public offering of mortgage financing companies Fannie Mae and Freddie Mac, The Wall Street Journal reported Tuesday.
Canada's merchandise trade deficit widened in August to C$6.32 billion as exports fell faster in both value and volume than the rise in imports on a monthly basis, official government statistics showed on Tuesday. The trade deficit in August was led by drop in exports not only to its top trading partner the U.S. but also because its shipments to the rest of the world shrank in the month.
WASHINGTON, Oct. 7, 2025 Fannie Mae today published the results of its September 2025 National Housing Survey?, which includes the Home Purchase Sentiment Index?, a measure of consumer sentiment toward housing.
The Reserve Bank of New Zealand is slated to announce its policy decision at 9 p.m. ET on Tuesday. Consensus is divided between a 25bps cut and double that amount, with a slight leaning toward 25bps, said Scotiabank. Whatever the RBNZ does, it may surprise one or the other camp, noted the bank.
The US dollar rose against its major trading partners early Tuesday ahead of a busy day of economic data releases and appearances by Federal Reserve officials. The US government shutdown continues to impact the scheduling of government-produced data releases, postponing the release of international trade data for August.
Top US banks are calling on President Donald Trump for lead roles in the planned initial public offering of mortgage financing companies Fannie Mae and Freddie Mac, The Wall Street Journal reported Tuesday.
Solaris Energy Infrastructure (SEI) said Tuesday it priced an upsized offering of $650 million 0.25% convertible senior notes due 2031. Underwriters were granted a 13-day option to buy up to an additional $97.5 million of notes to cover over-allotments, Solaris said.
Canada is scheduled to release its international merchandise trade data for August at 8:30 a.m. ET on Tuesday, said Bank of Montreal. Canada's merchandise trade deficit is expected to widen to $6.0 billion in August from $4.9 billion in July, noted the bank.
* Futures: Dow up 0.01%, S&P 500 down 0.04%, Nasdaq down 0.02% * Constellation Brands (STZ)' Q2 sales dip less than expected. * Trilogy Metals shares soar as US takes strategic stake. By Niket Nishant and Sukriti Gupta.
NEW YORK and LONDON, Oct. 7, 2025 Equity capital markets are at their most bullish since 2021. The report notes that the strength of global stock markets underpinned issuance momentum. Key insights from the report Sam Kerr, Head of Global ECM and Mergermarket EMEA, says, "Global ECM just wrapped a blockbuster 3Q, setting up the best year since 2021. To download the full report, click here.
What matters in U.S. and global markets today. By Mike Dolan, Editor-At-Large, Finance and Markets. World stock markets cooled a touch on Tuesday after another AI-spurred start to the week, with Washington's shutdown putting the spotlight Federal Reserve speakers rather than data and overseas attention on Japan's new prime minister and the absence of one in France.
By Mike Dolan. What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets World stock markets cooled a touch on Tuesday after another AI-spurred start to the week, with Washington's shutdown putting the spotlight Federal Reserve speakers rather than data and overseas attention on Japan's new prime minister and the absence of one in France.
Commerzbank in its "European Sunrise" note of Tuesday highlighted: Markets: United States Treasuries, Bund- and OAT-futures are little changed. Fed: Kansas City Federal Reserve Bank President Jeff Schmid says rates are "appropriately calibrated," monetary policy should "lean against demand growth" to relieve price pressures.
Solaris Energy Infrastructure, Inc. (SEI) announced today, in a separate press release, the pricing of its previously announced underwritten public offering of $650,000,000 aggregate principal amount of 0.25% convertible senior notes due 2031, for total net proceeds of approximately $634.4 million, plus up to an additional $97,500,000 aggregate principal amount of notes that the underwriters of the n...
Solaris Energy Infrastructure, Inc. (SEI) today announced the pricing of its public offering of $650,000,000 aggregate principal amount of 0.25% convertible senior notes due 2031.
* EM stocks up 0.25%, FX down 0.2% * Hungary to announce corporate tax cuts in November. * Czech industrial output unexpectedly falls in August. * Poland's 2024 GDP revised to +3.0% y/y. * Vietnam braces for FTSE decision on market upgrade. By Nikhil Sharma.
U.S. stocks closed lower on Tuesday as investors, deprived of economic data resulting from the shuttered government, looked to secondary indicators and remarks from U.S. Federal Reserve officials for clues regarding economic weakness and monetary policy.
* Futures down: Dow 0.17%, S&P 500 0.08%, Nasdaq 0.05% U.S. stock index futures slipped on Tuesday as investor fatigue set in a day after the S&P 500 and the Nasdaq hit record closing highs, with focus now shifting to a slate of Federal Reserve speakers for policy signals.
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.
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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