Canadian economic activity expanded at a slower pace in October as a measure of prices edged higher, Ivey Purchasing Managers Index data showed on Thursday. The seasonally adjusted index fell to 52.4 last month from 59.8 in September. The Ivey PMI measures the month to month variation in economic activity as indicated by a panel of purchasing managers from across Canada.
* Dollar slips for second straight session. * Bank of England holds rates in knife-edge vote. * Cost cutting, AI lead to surge in planned US layoffs in October. * Norges Bank held rates at 4%, citing inflationary pressure. By Saqib Iqbal Ahmed.
AM Best has assigned a Financial Strength Rating of B+ and a Long-Term Issuer Credit Rating of ?bbb-? to Zhibao Labuan Reinsurance Company Limited. The ratings reflect Zhibao Re?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
Mexico's central bank is expected to cut 25bps to 7.25% on Thursday, marking a third straight reduction as it proceeds with the easing cycle, said Societe Generale. Banxico is expected to release the policy statement at 2 p.m. ET on Thursday. The decision is expected to be split, with Deputy Governor Jonathan Heath likely to dissent due to persistent core inflation, stated the bank.
Grants assisted 729 households rebuild after declared natural disasters CINCINNATI, Nov. 5, 2025 /PRNewswire/ -- The Federal Home Loan Bank of Cincinnati announced today that its Disaster Reconstruction Program reached a major milestone?surpassing $10 million in disbursed funds to assist 729 households across Kentucky, Ohio and Tennessee.
-Chicago Federal Reserve President Austan Goolsbee on Thursday said the lack of official data on inflation during the government shutdown "accentuates" his caution about cutting interest rates further. "I lean more to the, when it's foggy, let's just be a little careful and slow down" Goolsbee said in an interview with CNBC.
Chicago Federal Reserve President Austan Goolsbee on Thursday said the lack of official data on inflation during the government shutdown "accentuates" his caution about cutting interest rates further. "I" Goolsbee said in an interview with CNBC.
Wall Street's main indexes opened lower on Thursday, as investors digested a slate of corporate earnings, while concerns around U.S. tariffs, surging valuations and mixed economic data kept investors on edge.
Gold traded higher early on Thursday as the dollar fell off a six-month high and treasury yields retreated. Gold for December delivery was last seen up US$31.70 to US$4,024.60 per ounce.
* Policymakers voted 5-4 to keep rates at 4% * Analysts had expected a 6-3 split in favour of no move Focus turns to Nov 26 UK budget. By Joice Alves and Naomi Rovnick.
Central banks in big economies are nearing the end of their rate-cutting cycles, though some, like the U.S. Federal Reserve and Bank of England - which were more cautious earlier in the year - have scope to ease a little more. Australia, Sweden and Norway all left rates unchanged this week, as did the BoE, albeit in a tight decision.
* Bank of England holds rates steady but door open to December cut. * Australia, Sweden and Norway also hold rates steady this week. * US data leads traders to pare back bets on December Fed easing. By Naomi Rovnick and Alun John.
* European shares stall after gains for Asia and Wall Street. * Sterling shuffles higher as BoE holds rates in tight call. * Traders pare back bets of Fed cut in December. * Gold claws back above $4,000 an ounce. By Marc Jones.
MFA acquired $1.2 bln of residential mortgage assets, including $453 mln of Non-QM loans and $473 mln of Agency MBS at attractive yields
* CREDIT LOSSES - Distributable earnings impacted by ...
Bank of England Governor Andrew Bailey said on Thursday there could be an artificial intelligence-induced bubble in markets, notwithstanding the large productivity boost the technology would likely deliver. Speaking after the central bank left interest rates on hold, Bailey said there was uncertainty around future AI returns, but not really about its potential.
There were no "fireworks" at the Bank of England on Thursday, said Sanjay Raja, Deutsche Bank's chief United Kingdom Economist. Despite a favorable set of data, the BoE's Monetary Policy Committee held Bank Rate at 4% -- breaking the cycle of quarterly MPR rate cuts, matching market and street expectations, noted Raja. However, this was no ordinary decision.
-The U.S. jobless rate likely edged up in October to the highest in four years as the hiring rate for unemployed workers slowed and the rate of layoffs and other job separations increased, according to an estimate by the Chicago Fed released Thursday.
The U.S. jobless rate likely edged up in October to the highest in four years as the hiring rate for unemployed workers slowed and the rate of layoffs and other job separations increased, according to an estimate by the Chicago Fed released Thursday.
The penalty relates to Coinbase Europe breaching its anti-money laundering and counter terrorist financing transaction monitoring obligations between 2021 and 2025.
Louisiana State Treasurer John Fleming indicated he is open to compromise on the nature of state oversight for the city, which may have trouble making payroll.
* Markets pricing a one-in-three chance of a BoE rate cut. * Norges Bank held rates at 4% citing inflationary pressure. * Risk sentiment improves, taking safe-haven dollar off highs. By Joice Alves.
* Monetary Policy Committee votes 5-4 to keep Bank Rate at 4% * Inflation peaked at 3.8% but seen above target until mid 2027. * Governor Bailey wants 'further evidence' before backing cut. * Investors see nearly 2 in 3 chance of rate cut on December 18. * Economy forecast to grow modest 1.2% next year, unemployment up. By William Schomberg, David Milliken and Suban Abdulla.
* Policymakers voted 5-4 to keep interest rates at 4% * Analysts had expected a 6-3 split in favour of unchanged rates. * Focus turns to UK budget on November 26. By Joice Alves.
* 2,700 suspicious transactions identified due to fault, central bank says. * Over 30 million transactions not properly monitored, it says. * Coinbase says errors quickly fixed, systems enhanced.
Program Provides Annual Grants to Subsidize the Acquisition, New Construction and/or Rehabilitation of Affordable Rental or Owner-Occupied Housing The Federal Home Loan Bank of Chicago today announced it has awarded $52 million through its 2025 Affordable Housing Program General Fund round to help finance 37 housing projects located in Illinois and Wisconsin.
The Bank of England kept borrowing costs on hold on Thursday, but a narrow vote and signs that Governor Andrew Bailey might soon join those seeking a rate cut boosted the prospect of a move in December once the government's budget has been unveiled.
* Futures: Dow down 0.04%, S&P 500 up 0.07%, Nasdaq up 0.04% U.S. stock index futures were muted on Thursday, as a drop in Qualcomm's (QCOM) shares added to concerns about stretched valuations in technology stocks, while mixed economic data fueled uncertainty about the U.S. economy.
-What matters in U.S. and global markets today. By Mike Dolan, Editor-At-Large, Finance and Markets. Signs that U.S. economic activity remains brisk helped steady the stocks ship, but this also cast more doubt on why the Federal Reserve needs to ease again next month and that has pushed Treasury yields higher.
By Mike Dolan. Nov 6 - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets. Signs that U.S. economic activity remains brisk helped steady the stocks ship, but this also cast more doubt on why the Federal Reserve needs to ease again next month and that has pushed Treasury yields higher.
* FTSE 100 down 0.3%, FTSE 250 flat. * Bank of England expected to keep rates at 4% amid inflation data. * Energy and pharma stocks decline. * Financials and metal miners gain, offsetting losses in other sectors.
BWX Technologies, Inc. (BWXT) announced today the pricing of its private offering of $1.1 billion aggregate principal amount of 0% Convertible Senior Notes due 2030 to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Commerzbank in its "European Sunrise" note of Thursday highlighted: Markets: United States Treasuries little changed in the late New York session, slightly higher in Asia. Fed: Federal Reserve Governor Stephen Miran says his projections "aren't that different from others," but he wants to get to the destination of rates "faster than others."
Canada's projected $78.3 billion federal budget deficit for the current fiscal year -- ending March 31, 2026 -- is the third largest on record in nominal terms, said Bank of Montreal. However, at 2.5% of gross domestic product, it barely stands out when compared with the past 50 years, noted the bank.
The Irish central bank has fined cryptocurrency exchange Coinbase Europe, part of the Coinbase Global (COIN) group, 21.5 million euros for breaching anti-money laundering and counter-terrorist financing transaction monitoring obligations, the central bank said on Thursday.
* Markets pricing a one-in-three chance of a BoE rate cut. * Norges Bank held rates at 4% citing inflationary pressure. * Risk sentiment improves, taking safe-haven dollar off highs. By Joice Alves.
* European shares stall after gains for Asia and Wall Street. * Sterling shuffles higher ahead of tight BoE decision at 1200 GMT. * Traders pare back bets of Fed cut in December. * Gold claws back above $4,000 an ounce. By Marc Jones and Rae Wee.
* EM stocks up 0.8%, FX up 0.1% * * Czech Republic to announce rate decision later in the day. * Czech industrial output up 0.4% in September. By Nikhil Sharma. Emerging market stocks jumped on Thursday as global risk sentiment improved following favourable U.S. economic data, while regional investors responded to an interest-rate cut in Poland and awaited the Czech National Bank's decision.
* Structural challenges weighing 'to an increasing degree' * Trade uncertainty will weigh on German banks' credit quality. Germany is facing rising risks to its financial stability from erratic U.S. economic policy, overvalued equity markets, excessive debt levels around the world and souring bank credit, the Bundesbank warned on Thursday.
LONDON, Nov 6EURGBP= - Sterling steadied around its lowest in months on Thursday ahead of a key Bank of England rate decision, with markets pricing a one-in-three chance of a cut, while most analysts believe the central bank will likely hold fire. Sterling edged 0.1% higher to $1.3066 ahead of a 1200 GMT BoE rate decision, after hitting a seven-month low of $1.3011 on Wednesday.
Euro zone benchmark Bund yields hovered near a four-week high on Thursday, tracking Wednesday's moves in U.S. Treasuries, as investors awaited the Bank of England's policy decision later in the day. Germany's 10-year yields were flat at 2.67% after hitting 2.676% earlier in the session, their highest level since October 10.
German industrial production rose less than expected in September, rising by 1.3% compared to the previous month, the federal statistics office said on Thursday. Analysts polled by Reuters had predicted a 3% rise. The office offers more detailed data on its website.
The CNN Money Fear and Greed index showed some easing in the overall fear level, while the index remained in the ?Extreme Fear? zone on Wednesday. U.S. stocks settled higher on Wednesday, with the Dow Jones index gaining more than 200 points during the session amid solid corporate earnings and growing signs that the Federal Reserve may be nearing another interest rate cut.
Japanese government bond yields tracked U.S. Treasury yields higher on Thursday, while market concerns about fiscal spending resurfaced as the country's new prime minister geared up for measures to support economic growth. The 10-year JGB yield rose 2 basis points to 1.68%. The five-year yield rose 2 bps to 1.24%. Bond yields move inversely to prices.
U.S. President Donald Trump has targeted top economic rival China with a cascade of tariffs on imports worth billions of dollars as he tries to narrow a trade deficit, bring home lost manufacturing and cripple the fentanyl trade.
U.S. President Donald Trump has targeted top economic rival China with a cascade of tariffs on imports worth billions of dollars as he tries to narrow a trade deficit, bring home lost manufacturing and cripple the fentanyl trade.
* Options trading points to pound turbulence ahead. * Sterling could weaken towards 90 pence per euro -analyst. * Rate-cut expectations, budget headwinds for pound. By Amanda Cooper and Dhara Ranasinghe. Traders are growing gloomy on the outlook for the pound, already at its lowest in months, concerned that a long-awaited budget this month will do little to boost Britain's growth prospects.
A look at the day ahead in European and global markets from Rae Wee. The Bank of England announces its interest rate decision on Thursday, where what had once seemed like a straightforward hold is now under intense scrutiny. Markets are pricing in an almost one-in-three chance of a cut to 3.75%, up from a one-in-10 possibility a month ago.
A look at the day ahead in European and global markets from Rae Wee. The Bank of England announces its interest rate decision on Thursday, where what had once seemed like a straightforward hold is now under intense scrutiny. Markets are pricing in an almost one-in-three chance of a cut to 3.75%, up from a one-in-10 possibility a month ago.
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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