The biggest movers early Thursday have been the Australian and New Zealand dollars, said MUFG. The Australian dollar extended its advance following the release of the stronger-than-expected Australian employment report for October, wrote the bank in a note to clients.
The math has stopped working on the American Dream. The middle-class milestone lifetime bill has crossed $5 million, as the latest infographic from Visual Capitalist shows. Healthcare has become a financial trap masquerading as a basic need. Medical inflation outpaces the Consumer Price Index by roughly three percentage points annually, KFF analysis showed. And if you live longer, you pay more.
Federal Housing Finance Agency chief Bill Pulte called the proposed 50-year mortgage a ?complete game changer. In a note published Nov. 10, UBS analysts John Lovallo, Spencer Kaufman, and Matthew Johnson said extending a traditional 30-year mortgage to 50 years could roughly double the total interest a borrower pays over the life of the loan, reported Bloomberg.
As Deutsche Bank collects all the main United Kingdom macroeconomic data points for the summer period, it's clear that the summer of 2025 was a little "disappointing," said Sanjay Raja, the bank's chief U.K. economist. With inflation picking up again and unemployment rising, gross domestic product growth took another step down.
Sterling has continued to underperform at the start of the European trading session following the release of Thursday's weaker-than-expected United Kingdom Q3 gross domestic product, said MUFG. It has resulted in EUR/GBP rising to a fresh high of 0.8844 as the pair extends its advance above the 0.8800 level this week, wrote the bank in a note to clients.
European bourses tracked modestly higher midday Thursday as traders digested the end to the US government shutdown, and awaited new market catalysts. Markets may move following the latest US consumer price index bulletin, slated for Thursday, and a raft of economic data from mainland China, scheduled for release on Friday.
Wall Street futures pointed sideways pre-bell Thursday, as the US government shutdown drama moved offstage, and the earnings season ebbed. Traders await the October consumer price index bulletin from Washington at 8:30 am ET, with expectations running towards a 3.1% rise on-year by the metric, and a 3% lift on the CPI-core, that strips out food and energy bills.
Fed Gov. Stephan Miran has spent his short tenure at the central bank arguing that disinflation in housing and immigration reforms will tamp down inflation in the near term. But other economists say the timing, degree and context of those effects is very much in question.
Bitdeer Technologies (BTDR) said late Wednesday it plans a $400 million private placement of convertible senior unsecured notes due 2031. The company intends to provide a 13-day overallotment option to the initial purchasers to buy up to an additional $60 million of the notes.
Commercial Metals (CMC) said late Wednesday it priced an offering of $1 billion of 5.75% senior notes due Nov. 15, 2033, and $1 billion of 6% senior notes due Dec. 15, 2035. The company plans to use the net proceeds to fund its acquisition of Foley Products, among other things. The offering is expected to close by Nov. 26. MT Newswires does not provide investment advice.
Prospera Energy Inc. Convertible Debt OfferingProspera Energy Inc. (GXRFF) is pleased to announce an update regarding its previously announced convertible debt offering on May 12th and September 29th, 2025. Proceeds from the offering will be used to reactivate wells, optimize production, and strengthen working capital.
XPLR Infrastructure (XIFR) said late Wednesday that its subsidiary, XPLR Infrastructure Operating Partners, has priced a $750 million private offering of 7.75% senior unsecured notes due 2034. The notes, which pay interest semiannually, are expected to close on Nov. 21.
Digital Realty Trust (DLR) said late Wednesday it priced 1.4 billion euros in senior unsecured notes through its unit Digital Euro Finco, comprising 600 million euros of 3.75% notes due 2033 and 800 million euros of 4.25% notes due 2037. The notes, fully guaranteed by Digital Realty (DLR) and its operating partnership, were priced at 99.935% and 99.364% of face value, respectively.
Host Hotels & Resorts, Inc. (HST), the nation?s largest lodging real estate investment trust, today announced that Host Hotels & Resorts, L.P., for whom the Company acts as sole general partner, has priced its offering of $400 million aggregate principal amount of 4.250% Senior Notes due 2028.
"Continuing yield stability ... suggests a comfortable market that, even with the shutdown apparently close to ending, may resist/lag potential price/yield changes in taxables," said Matt Fabian, president of Municipal Market Analytics.
Financial stocks rose in late Wednesday afternoon trading, with the NYSE Financial Index up 0.8% and the Financial Select Sector SPDR Fund adding 1%. The Philadelphia Housing Index was easing 0.2%, and the Real Estate Select Sector SPDR Fund was shedding 0.3%. Bitcoin was declining 1.4% to $101,603, and the yield for 10-year US Treasuries dropped 5.5 basis points to 4.07%. The government shutdo...
The Federal Reserve should keep its monetary policy steady until there's "clear evidence" that inflation is approaching the central bank's 2% goal, Atlanta Fed President Raphael Bostic said Wednesday.
Financial stocks rose in late Wednesday afternoon trading, with the NYSE Financial Index up 0.8% and the Financial Select Sector SPDR Fund adding 1%. The Philadelphia Housing Index was easing 0.2%, and the Real Estate Select Sector SPDR Fund was shedding 0.3%. Bitcoin was declining 1.4% to $101,603, and the yield for 10-year US Treasuries dropped 5.5 basis points to 4.07%. In corporate news, Ma...
Atlanta Fed President Raphael Bostic said that he will retire when his current term ends on Feb. 28. In comments later in the day, Bostic said the current stance of monetary policy is "marginally restrictive" and does not require immediate action from the FOMC, but added that he would be open to changing his mind if incoming information suggests a need for a different path.
Financial stocks rose in Wednesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each adding 0.9%. The Philadelphia Housing Index was easing 0.1%, and the Real Estate Select Sector SPDR Fund was shedding 0.4%. Bitcoin was declining 1.9% to $101,259, and the yield for 10-year US Treasuries was dropping 4.6 basis points to 4.06%. In corporate news, Cit...
Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index up 0.9% and the Financial Select Sector SPDR Fund adding 1%. The Philadelphia Housing Index was easing 0.1%, and the Real Estate Select Sector SPDR Fund was shedding 0.4%. Bitcoin was declining 1.6% to $101,465, and the yield for 10-year US Treasuries was dropping 4.6 basis points to 4.06%. In corporat...
The new hires in four major offices bring expertise and regional coverage to better serve the firm's clients, and Loops plans to expand further to build on its existing strengths.
The Texas city could revisit plans for a desalination project to boost its dwindling water supply with the city council scheduled to consider it next week.
The current stance of monetary policy is "marginally restrictive" and does not require immediate action from the Federal Open Market Committee, Atlanta Federal Reserve Bank President Raphael Bostic said Wednesday in prepared remarks to Atlanta Economics Club.
European stock markets closed higher on Wednesday, adding to gains this week, with the Stoxx Europe 600 up 0.71%, Germany's DAX gaining 1.22%, the FTSE 100 increasing 0.12%, France's CAC rising 1.04%, and the Swiss Market Index adding 0.72%. In Germany, the country's statistics office said Wednesday that inflation eased in October to 2.3% from the 2.4% rate in September.
The Toronto Stock Exchange is up 378 points and is trading at record-high levels, with most sectors higher. The best performers are miners, industrials and financials. Energy, and telecoms, are the sole decliners. The Bank of Canada will release the 'Summary of Deliberations' around its October 29 meeting and rates decision this afternoon.
Dubai Chambers today announced the opening of its first representative office in the United States, located in New York City. The announcement was made during today?s Dubai Business Forum ? USA, held in New York and organized by Dubai Chambers, with the U.S. Chamber of Commerce and the U.S.-U.A.E. Business Council as supporting partners.
StorageVault Canada (SVAUF) said Wednesday it plans to raise up to $50 million in a bought deal offering of senior unsecured hybrid debentures due Dec.31, 2030. The debentures are priced at $1,000 each and will bear 5.6% interest annually. Proceeds will be used to initially pay down bank debt, which may be subsequently re-drawn to fund the redemption of the 5.75% listed debentures due Jan. 31, 2026.
Canada activity slowed in mid-2025, but as UBS anticipated, the worst appears to be over. Gross domestic product growth is tracking below 2%, wrote the bank in a note to clients. Labor market conditions softened notably through mid-2025, which, in the view of UBS, is one key factors behind the recent policy easing by the Bank of Canada.
The winners of the Freda Johnson Award are Jeanette Weldon of the Connecticut Health and Educational Facilities Authority and Elaine Brennan of Roosevelt & Cross Inc.
KKR entered a multi-year private credit partnership with Sallie Mae, Sallie Mae said Wednesday. Under the partnership, KKR-managed credit funds and accounts will acquire an initial seed portfolio of Sallie Mae's private education loans and at least $2 billion in newly originated loans annually for an initial three-year term through KKR's asset-based finance strategy, Sallie Mae said.
Atlanta Federal Reserve Bank President Raphael Bostic said Wednesday that he will retire when his term ends on Feb. 28, 2026. The Atlanta Fed President does not vote on the Federal Open Market Committee until 2027. "It's been my distinct honor and privilege to lead the Atlanta Fed for these past eight and a half years," Bostic said in a statement released on Wednesday.
Morgan Stanley said it thinks the cyber attack that disrupted the operations of one of the United Kingdom's car producers will weigh on manufacturing output in September, leading to a mild correction in overall monthly gross domestic product. The U.K. will release September and Q2 GDP data on Thursday at 2 a.m. ET.
Commercial Metals (CMC) said Wednesday it plans to offer $2 billion worth of new senior unsecured notes. The company said the terms of the offering will be determined at the time of pricing. The company said it plans to use the net proceeds from the offering to fund its acquisition of Foley Products and for general corporate purposes. MT Newswires does not provide investment advice.
Graham Holdings (GHC) said Wednesday it plans to launch a $500 million private offering of senior unsecured notes due 2033. The company said it also intends to amend and restate its revolving credit facility, increasing total commitments to $400 million.
The Australian dollar, New Zealand dollar and the Canadian dollar are currencies that perform well in an environment of strong global growth, strong global trade, higher domestic rates and risk-on environment in financial markets, said ABN Amro. This isn't the environment that the bank expects for 2026.
National Bank of Canada (NTIOF) was upgraded to Buy from Hold at Desjardins. Analyst Doug Young raised his price target on shares of the Montreal-based bank to $167 from $149.
The US dollar rose against its major trading partners early Wednesday ahead of a busy day of appearances by Federal Reserve officials. New York Fed President John Williams is due to speak at 9:20 am ET, followed by Fed Governor Christopher Waller at 10:20 am ET, Atlanta Fed President Raphael Bostic at 12:15 pm ET and Fed Governor Stephen Miran at 12:30 pm ET.
Canada will release building permits for September at 8:30 a.m. ET on Wednesday, said Bank of Montreal. Building permits are expected to step up in September, retracing some of the previous month's dip, noted the bank. The Bank of Canada will release its Summary of Deliberations for its Oct. 29 meeting at 1:30 p.m. ET on Wednesday.
Commerzbank in its "European Sunrise" note of Wednesday highlighted: Markets: United States Treasury yields open lower after the holiday, long-end weakens in Asia. U.S.: White House economic adviser Kevin Hassett says some economic surveys haven't been completed due to the government shutdown. U.S.: President Donald Trump thinks the House will "vote positively" on the shutdown.
EUR/USD has held onto its gains this week -- though that largely looks a function of the slightly softer US dollar, said ING. Tuesday's release of the German ZEW expectations index for November wasn't particularly encouraging, wrote the bank in a note. There is no eurozone data of note on Wednesday and the focus will be on European Central Bank speakers, stated ING.
Nano Labs Ltd (NA), a leading Web 3.0 infrastructure and product solution provider, today announced its decision to prepay all outstanding convertible bonds. In light of heightened and persistent global economic uncertainty and continued fluctuations in digital-asset prices, Nano Labs (NA) has determined that early repayment will help safeguard corporate assets and secure investor interests.
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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