* FTSE 100 down 0.4%, FTSE 250 falls 0.5% * Bank of England holds rates in knife-edge vote. * AstraZeneca's (AZN) gains on strong Q3 profit. * Sainsbury's (JSNSF) rises after lifting FY profit outlook.
* Revelio Labs data shows job losses in October, including in the government sector. * AI and cost-cutting drive surge in planned layoffs, Challenger reports. * Chicago Fed estimates unemployment rate rose to 4.36% in October. By Lucia Mutikani.
The Czech central bank Thursday said its Board kept interest rates unchanged, with the two-week repo rate at 3.50%, the discount rate at 2.50% and the Lombard rate at 4.50%. This decision was expected by market analysts, noted ING.
Bank of Canada's Senior Deputy Governor said on Thursday that the central bank will be reducing its workforce by around 230 people as part of a drive to reduce expenses. "We will be reducing our overall expenses by 15%, and part of that will be a reduction in workforce," Carolyn Rogers told a senate committee during a testimony.
Talks between Ukraine and holders of its GDP warrants have broken down for a second time in six months, the government said on Thursday, adding another delay to its hopes of restructuring the $3.2 billion worth of bond-like instruments.
Cleveland Federal Reserve President Beth Hammack said on Thursday ongoing high levels of inflation argue against the U.S. central bank cutting interest rates again. "I remain concerned about high inflation and believe policy should be leaning against it," Hammack said in the text of a speech to be delivered to an Economic Club of New York event.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.22%. ?This week the 30-year fixed-rate mortgage averaged 6.22%. On a median-priced home, this could allow a homebuyer to save thousands annually compared to earlier this year, showing that affordability is slowly improving,? said Sam Khater, Freddie Mac?s Chief Econo...
* S&P to publish ratings review for Poland on Friday. * Fitch and Moody's already changed ratings outlook to 'negative' * Political standoff hampers consolidation measures, agencies say. By Karol Badohal.
-U.S. holiday sales are expected to surpass $1 trillion for the first time, the National Retail Federation said on Thursday, though growth is forecast to slow as economic pressures weigh on consumer sentiment. The holiday season includes major shopping days such as Thanksgiving, Black Friday, Cyber Monday and Christmas, and accounts for a significant portion of major retailers' revenues.
BOE Deputy Governor Sarah Breeden tied the need to impose caps on stablecoin holdings to the U.K.'s mortgage market, which relies on commercial bank lending.
* US Treasury yields drop on concerns over the US economy. * BoE keeps rates unchanged, expected to deliver a cut in December. * Markets see ECB key rate steady through early 2027. By Stefano Rebaudo. Euro zone benchmark Bund yields dropped from their four-week high on Thursday, taking the lead from U.S. Treasuries after the Bank of England decided to keep rates on hold.
US job cut announcements surged in October, Challenger Gray & Christmas said Thursday, as the ongoing government shutdown -- now the longest in the country's history -- is likely to delay Friday's nonfarm payrolls report. US-based employers announced 153,074 job cuts last month, up 183% sequentially and 175% annually, the global outplacement firm said.
Growth in total assets, particularly from gross loans and cash reserves, drove net interest income expansion
* INVESTMENT STRATEGY - Investment of excess reserves into municipal securities with ...
U.S. stocks closed in negative territory on Thursday, with a resumption of Tuesday's tech selloff as investors contended with mounting economic uncertainty and stretched valuations. All three major U.S. equity indexes lost ground as risk appetite was dampened by worries over inflated stock prices, particularly from artificial intelligence-related momentum shares.
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.
* Signs of US labor market weakening push yields lower. * Government shutdown affecting economic outlook, data availability. * Supreme Court decision on tariffs may influence Treasury market. By Davide Barbuscia.
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.
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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