Statistics Canada released the provincial gross domestic product numbers for 2024 that suggest investors will see some "chunky" upward revisions to growth -- on the order of half a percentage point per year from 2022 to 2024 -- when the national figures are published later this month, said Bank of Montreal.
The European stock markets closed lower in Thursday trading as the Stoxx Europe fell 0.72%, Germany's DAX lost 1.27%, the FTSE 100 dropped 0.42%, France's CAC declined 1.36%, and the Swiss Market Index was down 0.52%. The eurozone construction sector activity continued to decline in October as the HCOB Eurozone Construction PMI Total Activity Index fell to 44.0 in October from 46.0 in September.
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.
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...
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 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.
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.
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.
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 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.
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 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.
Apollo Global Management, Inc. (APO) today announced that it has priced an offering of $400 million aggregate principal amount of its 4.600% Senior Notes due 2031 and an additional $350 million aggregate principal amount of its 5.150% Senior Notes due 2035.
US equity indexes rose on Wednesday as leadership returning to communication services and consumer discretionary signals that the sell-off in the previous trading session represented profit-taking driven by correction warnings rather than a fundamental market shift.
RAPID CITY, S.D., Nov. 05, 2025 -- Black Hills Corp. (BKH) today announced financial results for the third quarter ended Sept. 30, 2025. Third quarter GAAP EPS was $0.34 compared to $0.35 in 2024. Year-to-date GAAP EPS was $2.58 compared to $2.52 in the same period in 2024.
?? Corporate Credit Rating Upgraded to Investment-Grade? ?? Reduced Net Debt by $2 Billion Since Q3?24 and Increased Liquidity to $1.1 Billion ?? Executed $1.8 Billion Refinancing of Revolving Credit Facility, Lowering Cost of Capital and Extending Weighted Average Debt Maturity ?? Repurchased 12.1 Million Shares Year-to-Date at a Weighted Average Price of $7.59, Totaling $92 Million ?? Raises ...
While the market navigates a surge in supply, another focus area has become elections and their potential to shift market demand, as several regional election results will likely garner greater attention over the next few months, said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.
Financial stocks rose in late Wednesday afternoon trading, with the NYSE Financial Index up 0.5% and the Financial Select Sector SPDR Fund adding 0.6%. The Philadelphia Housing Index fell 0.8%, and the Real Estate Select Sector SPDR Fund edged up 0.2%. Bitcoin rose 4.1% to $104,512, and the yield for 10-year US Treasuries rose 6.6 basis points to 4.16%. In economic news, employment in the US pr...
Financial stocks rose in late Wednesday afternoon trading, with the NYSE Financial Index up 0.5% and the Financial Select Sector SPDR Fund adding 0.6%. The Philadelphia Housing Index fell 0.8%, and the Real Estate Select Sector SPDR Fund edged up 0.2%. Bitcoin rose 4.1% to $104,512, and the yield for 10-year US Treasuries rose 6.6 basis points to 4.16%. In corporate news, Hudson Pacific Propert...
Bristol-Myers Squibb (BMY) said Wednesday it priced a public offering of 5 billion euros of senior unsecured notes. The notes will be issued by the company's subsidiary BMS Ireland Capital Funding Designated Activity Company.
Fed Governor Stephen Miran said in an interview with Yahoo Finance that he believes it would be appropriate for the FOMC to continue lowering interest rates at its December meeting despite the lack of government data releases, indicating that he would like to get the policy rate closer to neutral quickly.
An uncertain financial future partially due to federal government downsizing is compounding with nearly $6 billion of unfunded capital needs that will require Washington D.C. to lean on asset management and its strong credit rating to overcome the challenges.
Financial stocks advanced in Wednesday afternoon trading with the NYSE Financial Index rising 0.7% and the Financial Select Sector SPDR Fund adding 0.5%. The Philadelphia Housing Index fell 0.5%, and the Real Estate Select Sector SPDR Fund edged up 0.1%. Bitcoin rose 2.4% to $103,934, and the yield for 10-year US Treasuries gained 6 basis points to 4.15%. In corporate news, Lemonade shares surg...
The federal budget bill lowered the percentage of private-activity bonds needed for affordable housing projects to qualify for 4% tax credits, but it hasn't been the boon expected.
The US services sector returned to expansion in October, the Institute for Supply Management said Wednesday, while a survey by S&P Global (SPGI) indicated faster growth sequentially amid demand strength. The ISM's purchasing managers' index rose to 52.4 last month from 50 in September.
Freddie Mac today posted its 2026 funding calendar, which provides optional announcement dates for Reference Notes? securities and announcement dates for Reference Bills? securities.
The European stock markets closed higher in Wednesday trading as the Stoxx Europe rose 0.25%, Germany's DAX gained 0.42%, the FTSE 100 in London advanced 0.64%, France's CAC edged 0.08% higher, and the Swiss Market Index was up 0.46%. The euro area economy saw its strongest expansion in October since May 2023, as the seasonally adjusted HCOB Eurozone Composite PMI Output Index rose to 52.5 from...
Poland's central bank said Wednesday its Monetary Policy Council decided to reduce interest rates by 25bps, as expected: -- reference rate at 4.25% on an annual basis; -- lombard rate at 4.75% on an annual basis; -- deposit rate at 3.75% on an annual basis; -- rediscount rate at 4.30% on an annual basis; -- discount rate 4.35% on an annual basis. MT Newswires does not provide investment advice.
The Council of Federal Home Loan Banks today submitted comments to the Federal Housing Finance Agency on its draft Strategic Plan: Fiscal Years 2026?2030, expressing support for the agency?s continued efforts under Director Bill Pulte?s leadership to modernize oversight and reduce unnecessary regulatory burdens on the Federal Home Loan Banks.
The Institute for Supply Management's US services index rose to a reading of 52.4 in October from 50.0 in September, compared with expectations for a smaller increase to a reading of 50.8 in a survey compiled by Bloomberg as of 7:35 am ET.
Ramaco Resources (METCB) said Wednesday it has priced a public offering of $300 million of 0% convertible senior notes due 2031. Issuance and sale of the notes are expected to settle on Friday, the company said. Underwriters of the notes were given an option to buy up to an additional $45 million of notes to cover over-allotments, Ramaco said.
Last week's gross domestic product report in Canada showed a "nasty" 0.3% month-over-month drop in August, and yet growth will still manage to eke out a "tiny" gain for all of Q3, said Bank of Montreal. In the first eight months of the year, the economy has. managed to grow by 1.3% from the same period a year ago, noted the bank. That 1.3% growth pace is below average and is "meek," stated BMO.
Today, the Federal Home Loan Bank of Indianapolis announced that it has facilitated over $26 million in loans to community development financial institutions across Indiana and Michigan. CDFIs are mission-driven lenders that provide credit and financial services to communities traditionally underserved by mainstream financial institutions, including rural, urban and Native American communities.
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.
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.
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