Uruguay's central bank late Tuesday said its Monetary Policy Committee cut its policy rate by 50bps to 8.25%. "As long as this scenario continues to evolve as expected, the BCU will continue the cycle of interest rate reductions toward a neutral policy stance" wrote the central bank in its policy statement. MT Newswires does not provide investment advice.
Canada's trade data have been pushed around this year by some big swings in gold exports and imports, said Bank of Montreal. Gold, silver and platinum exports fell almost 12% month over month in August, but are still up 13% from a year ago, noted the bank. Looking through the swings -- and more importantly -- exports of these precious metals have hit a towering $58 billion over the past year.
Federal Reserve officials agreed at their recent policy meeting that risks to the U.S. job market had increased enough to warrant an interest rate cut, but remained wary of high inflation amid a debate about how much borrowing costs were weighing on the economy, minutes of the September 16-17 session showed on Wednesday.
* EM stocks down 0.56%, FX down 0.28% * Polish rate decision at 1200 GMT. * Hungary's September inflation stable at 4.3% y/y, below forecast. * Czech jobless rate steady at 4.5% in September. * Czech retail sales rise 3.5% y/y in August. By Nikhil Sharma.
Global financial markets could tumble if investors' mood sours on the prospects for artificial intelligence or the independence of the U.S. Federal Reserve, the Bank of England warned on Wednesday.
* Gold topples $4,000 mark, shows no sign of stopping. * Political turmoil in France in spotlight, dents euro. * Yen at lowest since February; intervention risk rises. By Amanda Cooper.
* German industrial output fell 4.3% in August. * Automotive industry production dropped by 18.5% * Economists warn of increased recession risks. By Maria Martinez. BERLIN, Oct 8 - German industrial output fell much further than expected in August, pushed down by a sharp decrease in car production as frontloaded demand ahead of U.S. tariffs dried up.
North American Construction (NOA) said Tuesday it has priced $125 million worth of its 7.75% senior unsecured notes due 2030 at 103% of face value in a private placement. The offering is in addition to a $225 million worth of debt issued under identical terms in May, the company said.
Federal Reserve Governor Stephen Miran on Wednesday sharply challenged the widespread view that tariffs are a significant cause of inflation, stating he sees no evidence in the data that they are a ?material driver? of rising consumer prices. Speaking at the MFA Policy Outlook 2025 conference, Miran outlined a data-driven case against the tariff-inflation link.
German industrial production fell more than expected in August, decreasing by 4.3% compared with the previous month, the federal statistics office said on Wednesday. Analysts polled by Reuters had predicted a 1.0% fall. The office offers more detailed data on its website.
* Yen at lowest level since February, stokes intervention risks. * Gold topples $4,000 mark, shows no sign of stopping. * Political turmoil in France in spotlight, weighs on euro. By Ankur Banerjee.
-Gold surged above $4,000 an ounce to hit a record on Wednesday, driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further interest rate cuts by the U.S. Federal Reserve.
* Yen at lowest level since February, stokes intervention risks. * Gold topples $4,000 mark, shows no sign of stopping. * Political turmoil in France in spotlight, weighs on euro. By Ankur Banerjee.
Gold smashed through $4,000 an ounce to hit a record high on Wednesday, driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further interest rate cuts by the U.S. Federal Reserve.
* * NZ dollar and interest rate swaps tumble post-rate cut. * RBNZ's larger cut comes as economy struggles despite previous raft of cuts. * NZ Prime Minister Luxon has supported lower cash rate amid economic challenges. * RBNZ sees inflation returning to midpoint of target band in 2026. By Lucy Craymer.
New Zealand's central bank slashed its benchmark rate by an aggressive 50 basis points on Wednesday, surprising some in the markets as policymakers signalled concerns about the frail state of the economy and kept the door open for further easing.
New Zealand's central bank surprised some in the markets by slashing its benchmark rate by 50 basis points to 2.50% on Wednesday, suggesting policymakers were worried about the frail state of the economy and stood ready to act decisively.
Gold prices climbed to an all-time
high on Wednesday, nearing the crucial $4,000-per-ounce level,
bolstered by economic and geopolitical uncertainty and
expectations of additional interest rate cuts ...
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.
North American Construction Group Ltd (NOA) : * North American Construction Group Ltd (NOA). ANNOUNCES OFFERING AND PRICING OF REOPENING OF $125 MILLION SENIOR UNSECURED NOTES. * North American Construction Group Ltd (NOA) - OFFERING OF $125 MILLION SENIOR UNSECURED NOTES DUE 2030 Source text: Further company coverage:
North American Construction Group Ltd. (NOA) announced today that it has entered into an underwriting agreement with a syndicate of underwriters to sell, pursuant to a private placement offering, an additional $125 million aggregate principal amount of its 7.75% senior unsecured notes due May 1, 2030, representing an additional issuance to the $225 million aggregate principal amount of 7.75% senior u...
Webcast Scheduled for Thursday, Oct. 23, at 5:30 p.m. ET Sallie Mae?, formally SLM Corporation (SLM), will release third-quarter 2025 financial results after market close on Thursday, Oct. 23, 2025. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website. Investors should log in at least 15 minutes prior to the broadcast.
* Constellation Brands (STZ)' Q2 sales dip less than expected. * Tesla down after launching low-cost model. * Crypto shares slide as bitcoin declines. * Indexes down: Dow 0.20%, S&P 500 0.38%, Nasdaq 0.67% By Stephen Culp.
The large issuance of munis this year, up 12.9% year-to-date, "disadvantaged" the asset class compared to other U.S. fixed income assets for a majority of 2025, said Pat Haskell, head of the municipal bond group at BlackRock.
IREN Limited (IREN) today announced its intention to offer, subject to market and other conditions, $875 million aggregate principal amount of 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, as amended.
Financial stocks were mixed in late Tuesday afternoon trading with the NYSE Financial Index dropping 0.4% and the Financial Select Sector SPDR Fund gaining 0.1%. The Philadelphia Housing Index fell 3%, and the Real Estate Select Sector SPDR Fund shed 0.4%. Bitcoin declined 2.6% to $121,544, and the yield for 10-year US Treasuries dropped 4 basis points to 4.13%. In economic news, the US economy...
* Canadian dollar falls 0.1% against the greenback. * Trades in a range of 1.3940 to 1.3962. * Trade deficit widens to C$6.32 billion in August. * Bond yields ease across a flatter curve.
The US labor market outlook worsened further in September as earnings growth expectations reached the lowest in more than four years, while unemployment views increased, a survey by the Federal Reserve Bank of New York showed Tuesday.
Minneapolis Fed President Neel Kashkari said that he has seen signs of stagflation in recent data and warned that any rapid rate cuts could cause a sudden jump in inflation.
Stradling clients "were fortunate to receive proactive contact from SEC staff to reschedule imminent matters leading up to the shutdown," said Kathleen Marcus, a partner at Stradling.
Gold futures rose above $4,000 for the first time, buoyed by investor hedging against economic and political risks amid expectations of more interest rate cuts from the Federal Reserve. Gold for December delivery rose 0.8% to $4,008.2 per troy ounce in Tuesday trade, having reached $4,014.60 earlier in the session.
A debt restructuring by Ninnekah Public Schools aimed to reduce the impact of a court-approved settlement that will still result in a huge property tax hike.
-Federal Reserve Bank of Minneapolis President Neel Kashkari on Tuesday said that while he doesn't believe artificial intelligence will quickly replace U.S. workers, massive investment in AI data centers will tend to drive borrowing costs higher, even if the Fed reduces its short-term policy rate.
* Kashkari sees AI investment driving borrowing costs higher. * Kashkari supports gradual Fed rate cuts, says drastic cuts would spark inflation. * 'Grand declarations' about AI replacing workers may not pan out, Kashkari suggests. By Ann Saphir.
Financial stocks were mixed in afternoon trading with the NYSE Financial Index dropping 0.4% and the Financial Select Sector SPDR Fund gaining 0.2%. The Philadelphia Housing Index fell 2.7%, and the Real Estate Select Sector SPDR Fund shed 0.2%. Bitcoin declined 2.3% to $121,815, and the yield for 10-year US Treasuries dropped 4 basis points to 4.12%. The US economy likely added 17,000 jobs in ...
?. Santander UK PLC. Issue of GBP 1,250,000,000.00. Floating rate covered bond due July 2027. Series 84 Tranche 1 MTN. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 14,374,260.27. POOL FACTOR.
?. Santander UK PLC. Issue of GBP 1,500,000,000.00. Floating Rate Covered Bonds due Jan 2028. Series 80 Tranche 1 MTN. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 17,660,482.19. POOL FACTOR.
Federal Reserve Governor Stephen Miran on Tuesday said that the U.S. bond market's current relative calm supports a swift push to lower interest rates.
Federal Reserve Governor Stephen Miran on Tuesday said that the U.S. bond market's current relative calm supports a swift push to lower interest rates.
-U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration said in its Short-Term Energy Outlook on Tuesday. EIA projected that dry gas production will climb from 103.2 billion cubic feet per day in 2024 to 107.1 bcfd in 2025 and 107.4 bcfd in 2026.
U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration said in its Short-Term Energy Outlook on Tuesday. EIA projected that dry gas production will rise from 103.2 billion cubic feet per day in 2024 to 107.1 bcfd in 2025 and 107.4 bcfd in 2026.
DOHA, Qatar, Oct. 7, 2025 QNB Group, the largest financial institution in the Middle East and Africa, announced the license approval has been received for a digital-first banking entity, ezbank, from the Central Bank of Egypt.
European Central Bank President Christine Lagarde renewed her call on Tuesday for a beefed-up global role for the euro currency, arguing that the bloc is now an innocent bystander, suffering shocks created in Washington and elsewhere.
* * Critics warn stronger euro could hurt exporters. * Lagarde cites internal barriers as cause of economic issues. European Central Bank President Christine Lagarde renewed her call on Tuesday for a beefed-up global role for the euro currency, arguing that the bloc is now an innocent bystander, suffering shocks created in Washington and elsewhere.
Kenya's central bank Tuesday said its Monetary Policy Committee decided to lower the Central Bank Rate by 25bps to 9.25% as inflation stays on target. Kenya's overall inflation stood at 4.6% in September compared with 4.5% in August, and remained below the mid-point of the target range of 5%, more or less 2.5 percentage points.
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.
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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