* Investors cautious amid lack of fresh economic data. * University of Michigan survey shows consumer sentiment decline. * Potential Supreme Court decision could impact Treasury issuance. By Davide Barbuscia. U.S. Treasury yields were little changed on Friday as investors locked in profits from the previous day's bond rally and looked ahead to a busy week of government debt auctions.
* NY Fed October survey finds lower near-term expected inflation. * NY Fed report says consumers more concerned about current and future finances. * NY Fed report finds concerns about job market. By Michael S. Derby.
U.S. consumer sentiment slumped to near a 3-1/2-year low in early November as households across the political spectrum worried about the economic fallout from the longest government shutdown in history, which has caused disruptions ranging from food benefit payments to grounded flights.
* Dollar lower after soft jobs data. * Markets overreacting to labor market hints, Jefferies says. * Weak Chinese trade data may spell trouble for the euro zone. * Yen still seen as the leading defensive hedge. By Hannah Lang and Stefano Rebaudo.
The University of Michigan's preliminary consumer sentiment index fell to 50.3 in November from 53.6 in October, below expectations for a smaller decrease to 53.0 in a survey compiled by Bloomberg as of 7:30 am ET.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of Soci?t? Nationale d'Assurance. The ratings reflect SAA?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and marginal enterprise risk management.
Canada's labour market surprised to the upside in October, creating 67,000 jobs and offering "finally some good news on the Canadian economy," Desjardins economist Royce Mendes said, though he added the strength likely keeps the Bank of Canada on hold next month rather than cutting again.
Exploring the potential uses of artificial intelligence, Bundesbank President Joachim Nagel is now using the technology to check how his speeches will be perceived and whether he found the right balance on the dovish-hawkish spectrum, he said on Friday.
Exploring the potential uses of artificial intelligence, Bundesbank President Joachim Nagel is now using the technology to check how his speeches will be perceived and whether he found the right balance on the dovish-hawkish spectrum, he said on Friday.
Wall Street's main indexes opened lower on Friday, and were set for sharp weekly declines, as concerns about the economy and towering valuations in the technology sector soured sentiment.
Funds from Federal Home Loan Bank of Atlanta Support Several Southeast Communities Ameris Bank, a member of Federal Home Loan Bank of Atlanta, is distributing three $1,250,000 grants to organizations in Georgia and Florida to support the construction of more than 170 affordable rental units.
Overall, said Andrew Grantham over at CIBC, Friday's jobs data is supportive of the Bank of Canada's thinking that interest rates are now low enough to stimulate the economy, and CIBC continues to forecast no more rate cuts from here.
Canada's job market made a surprise gain in October, reversing past declines, and its unemployment rate fell, data showed on Friday, a bright spot in a country that has suffered from U.S. President Donald Trump's tariffs. The economy added a net 66,600 jobs following 60,400 job gains in September, Statistics Canada said, helping offset most of the job losses recorded in July and August.
Employment increased by 67,000 in October, the second consecutive monthly increase, and the employment rate rose 0.2 percentage points to 60.8%, Statistics Canada said Friday. BMO Economics, for example, was looking for a 10k increase in October, building on September's 60k rise that clawed back some of the 106k net losses in the prior two months. MT Newswires does not provide investment advice.
* * Unemployment rate falls to 6.9% from 7.1% in September. * Average hourly wage of permanent employees increased by 4.0% * Youth unemployment rate drops from a 15-year high level. By Promit Mukherjee.
The California Debt and Investment Advisory Commission explored public finance solutions to child sexual abuse claims this week at an event in San Diego.
Deputy Governor Rhys Mendes recently admitted the Bank of Canada may have misled markets by overemphasizing CPI-median and CPI-trim as "preferred" core inflation measures, said National Bank of Canada. The BoC has shown a lack of consistency in its use of core indicators over the past five years, noted the bank.
Canada updates job market conditions with the Labour Force Survey for October at 8:30 a.m. ET on Friday, said Scotiabank. Friday's figures are one of two sets of readings before the next Bank of Canada decision on Dec. 10, which dampens some of its significance to markets, stated Scotiabank.
The US dollar was mixed against its major trading partners early Friday -- up versus the pound and yen, down versus the euro and Canadian dollar -- ahead of the release of the preliminary University of Michigan consumer sentiment reading for November at 10:00 am ET and the New York Federal Reserve inflation expectations survey for October at 11:00 pm ET.
* Dollar kicked off five-day winning streak after Fed signals last week. * Markets overreacting to labour market hints, Jefferies says. * Weak Chinese trade data may spell trouble for the euro zone. * Yen still seen as the leading defensive hedge. By Stefano Rebaudo.
The Federal Reserve should "proceed slowly" in approving further interest rate cuts as monetary policy moves closer to a neutral stance, Fed Vice Chair Philip Jefferson said on Friday.
Borrowing costs in the euro area nudged up on Friday and benchmark 10-year German Bund yields hovered at one-month highs with traders confident that the European Central Bank is likely done with its easing cycle. Germany's 10-year yield rose to around 2.68%, its highest since October 10.
Commerzbank in its "European Sunrise" note of Friday highlighted: Markets: United States Treasuries soften in late New York session, continue to trend lower in Asia. Fed: New York Federal Reserve President John Williams thinks the low r*-era is still here, but the natural rate is hard to pin down.
Essent Group Ltd. (ESNT) today reported net income for the quarter ended September 30, 2025 of $164.2 million or $1.67 per diluted share, compared to $176.2 million or $1.65 per diluted share for the quarter ended September 30, 2024. Essent (ESNT) also announced today that its Board of Directors has declared a quarterly cash dividend of $0.31 per common share.
Investors will seek clues about the health of the U.S. economy in the coming week following worrisome labor market reports and technology-led turbulence that has knocked the stock market off record highs. The S&P 500 ended on Friday with a weekly decline after three straight weeks of gains.
Two weeks before the U.S. Federal Reserve's last meeting, with the federal government's data spigot closed, Atlanta Fed staff backstopped their view of the economy by analyzing how past surveys of business executives had aligned with employment, spending, output and other data captured in federal reports.
Bank of Montreal said it normally wouldn't make a big deal about the annual estimate of real gross domestic product growth by province in Canada, which was released on Thursday for 2024.
The U.S. Labor Department on Friday will not publish its closely watched employment report for an unprecedented second straight month as the government remains shut, and fears are mounting October's report might not be released when full operations resume.
* S&P 500 set for weekly drop, backing off record high. * Tech sector leads pullback, weak labor data also in focus. * Stellar Q3 earnings season overall coming to a close. By Lewis Krauskopf. Investors will seek clues about the health of the U.S. economy in the coming week following worrisome labor market reports and technology-led turbulence that has knocked the stock market off record highs.
* Fed uses surveys and private data to supplement missing federal reports. * Tech, data scraping offers "directional" proxy for absent jobs, inflation data. * Interviews could play larger role as well as shutdown continues. By Howard Schneider.
* Government shutdown causes unprecedented economic data blackout. * Worries growing that October employment report might not be published. * White House has already warned October CPI report could be scrapped. By Lucia Mutikani.
* Dollar kicked off five-day winning streak after Fed signals last week. * Markets overreacting to labour market hints, Jefferies says. * Weak Chinese trade data may spell trouble for the euro zone. * Yen still seen as the leading defensive hedge. By Stefano Rebaudo.
* US private jobs data indicates weak labour market. * Gold firms above $4,000 per ounce. * Platinum, palladium head for weekly fall. By Brijesh Patel. Gold rose on Friday as expectations for further interest rate cuts from the Federal Reserve and lingering concerns over the U.S. economic outlook amid a prolonged government shutdown buoyed demand.
* EM stocks drop 0.9%, FX down 0.1% * Czech central bank holds rates steady. * Trump to meet Hungary's Orban to discuss Russian oil. * S&P to publish ratings review for Poland on Friday. * Sri Lanka unveils 2026 budget, says country to regain economic output. By Nikhil Sharma.
The European Central Bank is already factoring climate-related risk into the assessment of collateral used to borrow money from the bank but this rarely leads to credit rating changes, a blog post published by the ECB said on Friday.
Voyager Technologies (VOYG) said Friday it priced a private offering of $435 million of 0.75% convertible senior unsecured notes due Nov. 15, 2030, upsized from a previously planned $300 million. Initial purchasers have a 13-day overallotment option to buy up to an additional $65 million of the notes.
Holders of Ukraine's GDP warrants said on Friday they wanted a "claim reinstatement mechanism" included in any new bonds they accepted as part of Kyiv's long-sought restructuring of the debt instruments. The latest round of formal talks with Ukraine's government broke down on Thursday after the two sides failed to bridge their differences.
Targa Resources (TRGP) said late Thursday it priced a public offering of $750 million of 4.35% senior notes due 2029 and $1 billion of 5.4% senior notes due 2036. The offerings were priced at 99.938% and 99.92% of the notes' face value, respectively.
Halozyme Therapeutics (HALO) said late Thursday it priced a private offering of $650 million of 0% convertible senior notes due 2031 and $650 million of 0.875% convertible senior notes due 2032. Initial purchasers have a 13-day overallotment option to purchase up to $100 million of additional notes of each series.
* Dollar kicked off five-day winning streak after Fed signals last week. * Markets overreacting to labour market hints, Jefferies says. * Weak Chinese trade data may spell trouble for the euro zone. * Yen still seen as the leading defensive hedge. By Stefano Rebaudo.
China's gold holdings increased to 74.09 million fine troy ounces at the end of October from 74.06 million in the previous month, as the central bank extended a bullion buying spree to the 12th consecutive month. China's gold reserves were valued at $297.21 billion at the end of last month versus $283.29 billion before, data from the People's Bank of China showed on Friday.
The U.S. Federal Reserve may soon need to grow its balance sheet through bond purchases and could consider shortening the average duration of its debt holdings, Federal Reserve Bank of New York President John Williams said on Friday.
* 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.
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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