Traders will be net short on the U.S. dollar through November as the currency weakens over coming months on continued bets of multiple Federal Reserve interest rate cuts, a Reuters survey of foreign exchange strategists showed on Wednesday.
ADP's monthly measure of private payrolls showed a 42,000 increase in October, well above expectations compiled by Bloomberg as of 7:35 am ET for an increase of 30,000 and the first monthly increase since July. The October gain followed an upwardly-revised 29,000 jobs decrease in September.
U.S. private payrolls rebounded sharply in October, the ADP employment report showed on Wednesday. Private employment increased by 42,000 jobs last month after an upwardly revised 29,000 decline in September. Economists polled by Reuters had forecast private employment rebounding by 28,000 jobs after a previously reported 32,000 drop in September.
ROSELAND, N.J., Nov. 5, 2025 Private sector employment increased by 42,000 jobs in October and pay was up 4.5 percent year-over-year according to the October ADP National Employment Report? produced by ADP Research in collaboration with the Stanford Digital Economy Lab.
* Risk off tone in Asia eases in European trading. * Eyes on US private payrolls data. * Sterling pinned near 7-month low ahead of BoE meeting. * Riksbank does little for crown. By Kevin Buckland and Alun John.
Illinois' General Assembly passed a bill that provides both governance reforms sought by lawmakers and funding to avert a Chicago transit fiscal cliff.
The main US stock measures were tracking in the red in Wednesday's premarket activity as traders await a key employment report from Automatic Data Processing and a fresh round of corporate earnings. The S&P 500 declined 0.3%, the Dow Jones Industrial Average edged down less than 0.1% and the Nasdaq was off 0.4% before the opening bell.
LEXINGTON, Ky., Nov. 5, 2025 Ramaco Resources, Inc. (METCB) today announced the pricing of its public offering of $300,000,000 aggregate principal amount of 0% convertible senior notes due 2031. Ramaco estimates that the net proceeds from the offering of the notes will be approximately $290.9 million, after deducting the underwriting discounts and commissions and Ramaco's estimated offering expenses.
LEXINGTON, Ky., Nov. 5, 2025 Ramaco Resources, Inc. (METCB) announced today, in a separate press release, the pricing of its previously announced underwritten public offering of $300,000,000 aggregate principal amount of 0% convertible senior notes due 2031, for total net proceeds of approximately $290.9 million, plus up to an additional $45,000,000 aggregate principal amount of notes that the underwri...
* FTSE 100, FTSE 250 flat. * Barratt Redrow (BTDPF) up after maintaining FY targets. * Bank of England rate decision on Thursday. UK's FTSE 100 was flat on Wednesday as losses in heavyweight banks were offset by rising energy shares, while investors focus on a Bank of England interest rate decision and more corporate earnings later this week.
The European Central Bank must keep its options open for interest rate moves at upcoming meetings, ECB policymaker Francois Villeroy de Galhau said during a conference on Wednesday. Speaking at that same conference in Paris, another ECB policymaker, Joachim Nagel, said the ECB should be vigilant on inflation but not complacent.
* EM stocks down 0.8%, FX down 0.06% * Israel's 2026 budget may hold key to government's survival. * China bans foreign AI chips from state-funded data centres. * Czech inflation picks up in October. * Polish central bank decision due later in the day. By Pranav Kashyap.
The pound stabilised on Wednesday as traders looked to fine-tune positioning ahead of Thursday's important Bank of England meeting, but remained at close to a seven-month low against the dollar and its weakest in well over two years against the euro.
Output and new orders in Britain's services industry picked up last month, according to a survey released on Wednesday that showed expectations for activity in the next 12 months were the highest since October 2024.
AviLease, the jet-leasing company backed by Saudi Arabia's Public Investment Fund, began marketing a U.S. dollar-denominated five-year bond, according to an arranging bank document seen by Reuters on Wednesday. The initial price guidance for the benchmark-sized offering was set at 140 basis points over U.S. Treasuries, the document said.
Euro zone government bond yields dipped on Wednesday, tracking U.S. Treasuries, which rallied as equities markets tumbled on concerns over high valuations, particularly in the tech sector. The European Central Bank's quarterly wage tracker is due later in the session.
* Asian equities drop sharply following tech-led Wall Street sell-off. * Sterling pinned near 7-month low as UK's Reeves hints at tax hikes. * NZ dollar dips to 12-year low vs Aussie after jobless rate jumps. By Kevin Buckland.
Guardant Health, Inc. (GH), a leading precision oncology company, today announced the pricing of its upsized offering of $350.0 million aggregate principal amount of 0% convertible senior notes due 2033 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.
U.S. Supreme Court justices raised doubts on Wednesday over the legality of President Donald Trump's sweeping tariffs in a case with implications for the global economy that marks a major test of Trump's powers.
* Asian equities drop sharply following tech-led Wall Street sell-off. * Sterling pinned near 7-month low as UK's Reeves hints at tax hikes. * NZ dollar dips to 12-year low vs Aussie after jobless rate jumps. By Kevin Buckland. TOKYO, Nov 5 - The safe-haven Japanese yen and Swiss franc stood tall on Wednesday as an aggressive tech-led selloff on Wall Street spilled over into Asia.
Major stock indexes gained on Wednesday as corporate earnings and U.S. private payrolls data were stronger than expected, while Treasury yields surged following the day's economic data. U.S. private payrolls increased?by 42,000 jobs in October, exceeding expectations of a 28,000 gain, according to a Reuters poll of economists.
China's services activity expanded in October but at its slowest pace in three months, as a decline in overseas orders offset the boost from improved domestic demand, a private survey released on Wednesday showed. The RatingDog China General Services PMI, compiled by S&P Global, slipped to 52.6 from 52.9 in September, staying above the 50-mark that separates growth from contraction.
* Overseas orders contract for the first time in four months. * Employment levels continue to decline. * Input costs rise while selling prices fall. By Liangping Gao and Ryan Woo. China's services activity expanded in October but at its slowest pace in three months, as a decline in overseas orders offset the boost from improved domestic demand, a private survey released on Wednesday showed.
* One member saw need to hold to avoid surprising markets. * Another saw timing ripe for hike from Japan economic perspective. * Two members unsuccessfully proposed a hike to 0.75% in September. * Some warned of cost of waiting, favour hike at regular intervals. * BOJ kept rate steady in Sept, Oct; focus on Dec meeting. By Leika Kihara.
HONG KONG, Nov. 4, 2025 ICAC Commissioner Mr Woo Ying-ming, in his capacity of President of the International Association of Anti-Corruption Authorities, headed an ICAC delegation to South Africa to attend the meeting of the Group of 20 Anti-Corruption Working Group for the first time.
* Asian equities drop sharply following tech-led Wall Street sell-off. * NZ dollar drops to 12-year low vs Aussie after jobless rate jumps. * Sterling near 7-month low as UK finance minister hints at broad tax hikes. By Kevin Buckland. TOKYO, Nov 5 - The safe-haven Japanese yen and U.S. dollar garnered demand on Wednesday as an aggressive tech-led selloff on Wall Street spilled over into Asia.
Disagreement and dissent among the Federal Reserve's 19-strong monetary policymaking committee is deepening as the fog of economic uncertainty thickens, putting Chair Jerome Powell's consensus-building skills to the ultimate test. These fissures were underscored by Powell in his post-meeting press conference. This all comes at a challenging moment.
Major stock indexes gained on Wednesday as corporate earnings and U.S. private payrolls data were stronger than expected, while Treasury yields surged following the day's economic data. U.S. private payrolls increased?by 42,000 jobs in October, exceeding expectations of a 28,000 gain, according to a Reuters poll of economists.
Bank of Japan board members in September debated the pros and cons of pausing on further interest rate hikes, with one calling for raising borrowing costs at "somewhat regular intervals", minutes of the meeting showed on Wednesday.
* 43 people confirmed dead in Haiti, 32 in Jamaica. * Jamaica PM sees $6-7 billion economic hit in early estimate. * Melissa was among the Atlantic's strongest storms. * Climate change fuels stronger storms across Caribbean. By Zahra Burton and Sarah Morland.
HAMILTON, Bermuda, Nov. 4, 2025 Nabors Industries Ltd.? today commented on the recent credit ratings actions taken by all three of the major credit rating agencies. Anthony G. Petrello, Nabors Chairman, CEO and President, commented, "Nabors has made dramatic progress this year to delever and strengthen our balance sheet.
In light of recent market developments,?Michael Eisenga, CEO of First American Properties, felt compelled to issue a statement on his observations and concerns regarding liquidity conditions, central-bank policy shifts, and the implications for the housing market and broader economy.
Eversource Energy (ES) beat Wall Street estimates for third-quarter profit on Tuesday, helped by higher rates for its services. Shares of the company rose 2% after the bell. U.S. utilities have sought rate increases to fund grid upgrades as electrical grids face extreme weather and growing demand from industrial electrification and data center expansion.
AM Best has revised the outlook to positive from stable and affirmed the Financial Strength Rating of A and the Long-Term ICR of ?a? of?Michigan Millers Mutual Insurance Company. Concurrently, AM Best has affirmed the FSR of A+ and the Long-Term ICR of ?aa-? of Western National Mutual Insurance Company and its affiliates, collectively known as Western National Insurance Pool.
LEXINGTON, Ky., Nov. 4, 2025 Ramaco Resources, Inc. (METCB) announced today, in a separate press release, its intention to offer, in an underwritten public offering, subject to market and other conditions, $300,000,000 aggregate principal amount of convertible senior notes due 2031?, plus up to an additional $45,000,000 aggregate principal amount of notes that the underwriters of the notes offering hav...
LEXINGTON, Ky., Nov. 4, 2025 Ramaco Resources, Inc. (METCB) announced today that it intends to offer, subject to market and other conditions, $300,000,000 aggregate principal amount of ?convertible senior notes due 2031 in a public offering registered under the Securities Act of 1933, as amended.
Guardant Health, Inc. (GH), a leading precision oncology company, today announced its intention to offer $300.0 million aggregate principal amount of convertible senior notes due 2033 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.
Tuesday saw a good slate of deals, including the acceleration of Ohio's $508.865 million of GOs and Austin's $419.035 million of electric utility system revenue refunding bonds.
Westlake Corporation (WLK) announced today that it has priced its previously announced underwritten public offering of $600,000,000 aggregate principal amount of senior unsecured notes due 2035 and $600,000,000 aggregate principal amount of senior unsecured notes due 2055 under its existing shelf registration statement.
Financial stocks rose in late Tuesday afternoon trading with the NYSE Financial Index gaining 0.3% and the Financial Select Sector SPDR Fund adding 0.5%. The Philadelphia Housing Index increased 0.3%, and the Real Estate Select Sector SPDR Fund climbed 0.2%. Bitcoin fell 6.1% to $100,019, and the yield for 10-year US Treasuries decreased 2 basis points to 4.09%. In corporate news, UBS is gainin...
Jamaican Prime Minister Andrew Holness on Tuesday said that last week's Hurricane Melissa, the strongest-ever storm to hit its shores, caused damage to homes and key infrastructure roughly equivalent to 28% to 32% of last year's gross domestic product.
* Euro falls against dollar for fifth straight session. * Pound weakens on rare pre-budget speech by UK finance minister. * Yen gains; investors wary of intervention risks. * Aussie slips after RBA stands pat, warns on inflation. * Bitcoin slips to lowest in more than four months. By Saqib Iqbal Ahmed.
Brazilian Finance Minister Fernando Haddad said on Tuesday that no matter how much pressure there is on the central bank to avoid cutting interest rates, borrowing costs will have to come down as they are "excessively restrictive". Speaking at a Bloomberg event in Sao Paulo, Haddad said real interest rates of 10% "make no sense," adding that inflation will end the year within target.
Freddie Mac today announced it sold via auction 25 deeply delinquent non-performing residential first lien loans from its mortgage-related investments portfolio to Revolve Capital LLC. Given the delinquency status of the loans, the borrowers have likely been evaluated previously for loss mitigation, including modification or other alternatives to foreclosure, or are in foreclosure.
Financial stocks advanced in late Tuesday afternoon trading with the NYSE Financial Index gaining 0.2% and the Financial Select Sector SPDR Fund adding 0.6%. The Philadelphia Housing Index increased 0.4%, and the Real Estate Select Sector SPDR Fund climbed 0.3%. Bitcoin fell 6.1% to $100,019, and the yield for 10-year US Treasuries decreased 2 basis points to 4.09%. In corporate news, UBS is ga...
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.
Log In Required
Publication Date