Morgan Stanley said it expects the European Central Bank to remain on hold at Thursday's policy meeting, and to stick to its "good place" narrative. The communication should remain unchanged, stressing data dependency and a meeting-by-meeting approach, noted the bank.
Investors will get a more complete picture of the performance of the Canadian economy when gross domestic product figures arrive on Friday at 8:30 a.m. ET, said Scotiabank. August and September estimates will firm up estimates for overall Q3 GDP, noted the bank. The August figures will include revisions to the initial guidance from Statistics Canada that the economy was.
Voters will decide the fate of 447 bond propositions totaling a record $83.7 billion with development-related districts accounting for most of the debt.
European bourses tracked moderately lower midday Tuesday as traders awaited rate actions by the European Central Bank and the Federal Reserve, and weighed the unfolding earnings season. The US central bank is slated to announce a rate decision on Wednesday, followed by the ECB on Thursday. Tech and bank stocks held firm on continental trading floors, while property and food shares lagged.
Chile's central bank is unanimously expected to. leave its overnight rate unchanged at 4.75% later. Tuesday, said Scotiabank. Inflation is running too hot at 4.4% year over year, noted the bank.
Canada's growth picture remains bleak, with the Bank of Canada's latest Business Outlook Survey pointing to persistently weak conditions, said Deutsche Bank. The bank expects Canada to materially underperform most G10 peers over the coming year, noting the country posted the weakest export growth globally in recent quarters - a trend now compounded by the breakdown of U.S.-Canada trade talks.
Prospect Capital Corporation (PSEC) announced today that Prospect priced an institutional offering of approximately $167 million in aggregate principal amount of 5.5% Series A Notes due 2030 on October 27, 2025. ?We appreciate the strong support and interest we received from over 40 institutional investors for this oversubscribed unsecured bond offering,? said Grier Eliasek, President of Prospect.
The Canadian federal government's Budget 2025 will see more red ink when it's presented next Tuesday, said RBC. The bank estimates $70 billion this year, five-year deficits averaging 1.5% of gross domestic product and debt-to-GDP moving mostly sideways before fiscal pressures. A pro-growth fiscal policy is needed to address localized weakness and the risk of frozen business investment, stated RBC.
Galaxy Digital (GLXY) said late Monday that Galaxy Digital Holdings plans to launch a private offering of $1 billion of exchangeable senior notes due May 1, 2031. The company also intends to grant the initial purchasers a 13-day option to acquire up to $150 million of additional notes. Proceeds will be used for the group's core operating businesses and for general corporate purposes, the company said.
Amphenol (APH) said Monday it has priced a $7.5 billion notes offering, comprising $500 million in floating rate senior notes due 2027 and fixed-rate senior notes maturing between 2027 and 2055.
Kaiser Aluminum (KALU) said late Monday it has priced $500 million worth of 5.875% senior notes due 2034 in a private transaction. The offering is expected to be completed on Nov. 5, the company said. Kaiser Aluminum (KALU) said it intends to use net proceeds, along with borrowings under its revolving credit facility, to redeem all of its outstanding 4.625% senior notes due 2028.
Freddie Mac today posted to its website its?Monthly Volume Summary for September 2025, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. Freddie Mac?s mission is to make home possible for families across the nation.
The resources-heavy Toronto Stock Exchange fell for the first session in four Monday on deflating commodity prices and an expectation that while the Bank of Canada will cut its benchmark interest rate again on Wednesday, it is uncertain where rates and the economy will go from there until at least after the federal government delivers its long awaited budget on November 4. The S&P/TSX Composite...
Financial stocks advanced in late Monday afternoon trading with the NYSE Financial Index adding 0.4% and the Financial Select Sector SPDR Fund gaining 0.5%. The Philadelphia Housing Index rose 0.2%, and the Real Estate Select Sector SPDR Fund increased 0.1%. Bitcoin gained 0.5% to $115,095, and the yield for 10-year US Treasuries was little changed at 4%. In economic news, US President Donald T...
Financial stocks advanced in late Monday afternoon trading with the NYSE Financial Index adding 0.3% and the Financial Select Sector SPDR Fund climbing 0.4%. The Philadelphia Housing Index rose 0.2%, and the Real Estate Select Sector SPDR Fund increased 0.1%. Bitcoin gained 0.5% to $115,095, and the yield for 10-year US Treasuries was little changed at 4%. In economic news, US President Donald ...
Bitcoin is trading near $115,500 on Monday, stabilizing ahead of two pivotal macro events that could shape global liquidity and risk sentiment this week. Markets are positioning for Wednesday's Federal Reserve meeting, where policymakers will decide on interest rates and the balance-sheet runoff known as quantitative tightening.
The government shutdown is wreaking more havoc as air traffic controllers will miss a paycheck this week and federal payments to states for housing bonds and Grant Anticipation Revenue Vehicle bonds may stop flowing.
Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index adding 0.2% and the Financial Select Sector SPDR Fund up 0.3%. The Philadelphia Housing Index and the Real Estate Select Sector SPDR Fund were each increasing 0.2%. Bitcoin was adding 0.8% to $115,501, and the yield for 10-year US Treasuries was slightly higher at 4.00%. In economic news, US President Don...
Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 0.5% and the Financial Select Sector SPDR Fund up 0.3%. The Philadelphia Housing Index was increasing 0.2%, and the Real Estate Select Sector SPDR Fund was up 0.1%. Bitcoin was adding 0.8% to $115,501, and the yield for 10-year US Treasuries was slightly higher at 4.00%. In economic news, US Presid...
Pakistan's central bank Monday said its Monetary Policy Committee decided to keep the policy rate steady at 11.0%. Headline inflation rose significantly to 5.6% in September from 3.0% in August, noted SBP in its policy statement.
Even after seeing a much hotter-than-expected inflation print, market participants are still betting that the Bank of Canada will reduce rates by another 25 basis points on Wednesday, said Desjardins. "That makes sense," wrote the bank in a note to clients.
As geopolitical tensions continue to escalate worldwide, leaders of the Asia-Pacific Economic Cooperation are gathering in South Korea for the 2025 APEC Economic Leaders' Meeting, a pivotal moment as the region navigates deepening global economic uncertainty.
This week's central bank meetings are from the Federal Reserve and the Bank of Canada on Wednesday and the Bank of Japan on Thursday, said Societe Generale. The Canadian dollar may be the most vulnerable currency from all this, wrote the bank in a note to clients.
NXP Semiconductors N.V. (NXPI) will release earnings results for the third quarter, after the closing bell on Monday, Oct. 27. Analysts expect the Eindhoven, the Netherlands-based company to report quarterly earnings at $3.12 per share, down from $3.45 per share in the year-ago period. On Aug. 12, NXP Semiconductors (NXPI) announced pricing of senior unsecured notes offering.
RBC said it expects that the August gross domestic product was flat in Canada. Canada is scheduled to release the August GDP on Friday at 8:30 a.m. ET. Wholesale and manufacturing sales both declined after rising in July, and the bank estimates a pullback in the mining sector to partially reverse a 1.4% month-over-month jump in July.
Harley-Davidson (HOG) is facing competitive pressures, low pricing power, and weak secular trends which are working against a cyclical recovery for the motorcycle industry, Morgan Stanley said in a Monday note. In the leisure products and services category, Morgan Stanley analysts said they expect overall consumer spending to slow, weighed down by sluggish payrolls and a rising savings rate.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood Scores, according to ICE Climate Data. A $56 million offering from Mount Pleasant, S.C., records a Flood Score of 4.8 out of 5.0, ICE reports.
Last week's Bank of Canada Business Outlook Survey, consumer price index and retail sales reports offered the final puzzle pieces before the BoC's interest rate decision this Wednesday, said TD. The TSX briefly wavered after the CPI release on tempered expectations for rate cuts, but quickly recovered, finishing the week around 0.9% higher, noted the bank.
Morgan Stanley said it expects a dovish hold from the Bank of Canada this week as inflation remains firm and the labor market shows some recovery. The BoC is slated to release its policy statement of Wednesday at 9:45 a.m. ET. Looking ahead, Morgan Stanley expects the BoC to reach 2.25% at the December meeting from today's 2.50%. MT Newswires does not provide investment advice.
The US dollar fell against its major trading partners early Monday as the US data schedule continues to be impacted by the ongoing government shutdown.
The Bank of Canada is expected to cut rates by another 25 bps at Wednesday's meeting, to 2.25%, and Bank of Montreal sees the policy rate ending the year at 2% -- that's consistent with BMO's long-standing dovish leaning.
The benchmark US stock measures were tracking in the green before the opening bell Monday as President Donald Trump signaled an imminent trade deal with China, while investors await a major policy decision by the Federal Reserve and big tech earnings later in the week. The S&P 500 rose 0.8%, the Dow Jones Industrial Average increased 0.6% and the Nasdaq added 1.3% in premarket activity.
Wall Street futures swelled to new all-time records pre-bell Monday, as traders weighed easing of Beijing-Washington trade frictions and awaited a Thursday meeting in South Korea between President Donald Trump and China President Xi Jinping. In addition, the Federal Reserve will start a two-day policy session on Tuesday, and announce a rate decision Wednesday afternoon.
The BoC is also expected to lower rates by 25bps for the second consecutive meeting this week, said MUFG. The BoC is slated to release the policy statement on Wednesday at 9:45 a.m. ET. However, there is a higher risk that the BoC may delay this week than the United States Federal Reserve, stated the bank.
First Northwest Bancorp (FNWB) ?, the holding company for First Fed Bank, today reported net income of?$802,000 for the third quarter of 2025, compared to net income?of?$3.7 million for the?second quarter of 2025 and a net loss of?$2.0 million for the third quarter of 2024.
The United States Federal Reserve and Bank of Canada are both expected to cut policy rates on Wednesday, adding to 25bps reductions from each in September, said RBC.
U.S. stocks settled higher on Friday, with major indices surging to fresh all-time highs as a softer-than-expected inflation reading strengthened market conviction that the Federal Reserve will cut interest rates by 25 basis points at its Oct. 30 policy meeting. Wall Street analysts make new stock picks on a daily basis.
The Kobeissi Letter reported that bank cash at the Federal Reserve fell to about $2.93 trillion; Adam Livingston says that level signals a shift that would favor bitcoin.
Sen. The United States national debt has climbed to $38 trillion, prompting calls for new approaches to restore fiscal stability. Interest payments are projected to reach $14 trillion over the next decade, raising concerns about long-term solvency. Lummis said selling or revaluing U.S. gold certificates to fund Bitcoin purchases could "cut the national debt in half over 20 years."
Wall Street is discreetly gearing up for a significant alteration in the Federal Reserve?s $6.6 trillion balance sheet, coinciding with a sudden rise in Bitcoin?s price. According to a report, Bitcoin?s price has recovered from a recent ?flash crash,? soaring nearly 10% and surpassing $111,000.
Major cryptocurrencies are trading higher ahead of a busy week featuring key Federal Reserve and Bank of Japan rate decisions alongside earnings reports from influential Mag 7 stocks.
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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