* EM stocks up 0.2%, FX down 0.06% * Hungary braces for interest rate decision on Tuesday. * Chile vote propels far-right Kast to runoff against leftist Jara. * S&P upgrades South Africa for first time in nearly 20 years. By Nikhil Sharma.
The task of clearing the huge backlog of shutdown-delayed U.S. data begins, the world's most valuable company Nvidia (NVDA) publishes its results and new inflation numbers will keep Europe's central banks on their toes.
Copper eased on Monday amid a broad selloff among the base metal complex, as hawkish views from some U.S. Federal Reserve officials sparked concerns that a December interest rate cut may not be on the horizon. The most-active copper contract on Shanghai Futures Exchange closed daytime trading down 0.91% at 86,450 yuan per metric ton.
The euro's gains during a stressful week for world markets raise interesting questions about whether it's behaving as a safety play at a time of U.S. tech sector doubts and changes in central bank profiles either side of the Atlantic and in Tokyo.
?. ISIN Code. Our Ref. ISSUE NAME. Santander UK PLC. Issue of EUR 500,000,000.00. Floating Rate Covered Bonds due May 2027. Series 87 Tranche 1 MTN. INTEREST PERIOD. VALUE DATE. INTEREST RATE. NUM OF DAYS. DAY BASIS. CURRENCY CODE. TOTAL INTEREST AMT. EUR 2,791,944.44. POOL FACTOR.
* Dollar gains 0.2% against its rivals. * SPDR Gold Trust holdings fell 0.47% on Friday. * Focus on US nonfarm payrolls report on Thursday. By Brijesh Patel. Gold prices slipped on Monday, pressured by a stronger dollar as investors waited for a series of U.S. economic data this week that could shed more light on the Federal Reserve's interest rate path.
Euro zone officials have embarked on a two-year process to replace most of the European Central Bank's executive board, including President Christine Lagarde, raising questions along the way about how well the institution represents the people it serves.
* Klingbeil to discuss trade issues, rare earths with Chinese officials. * Germany reassesses China policy amid trade deficit concerns. * German exports to China fall, imports rise, widening trade gap. By Maria Martinez.
The European Central Bank could be forced to adjust monetary policy if a run on stablecoins were to send shockwaves through the economy, a top ECB policymaker told the Financial Times in an interview published on Monday.
* Dollar holds firm against its rivals. * SPDR Gold Trust holdings fell 0.47% on Friday. * Focus on US nonfarm payrolls report on Thursday. By Brijesh Patel. Gold prices inched higher on Monday as investors waited for a series of U.S. economic data this week that could shed more light on the Federal Reserve's interest rate path. Spot gold was up 0.1% at $4,083.92 per ounce, as of 0256 GMT.
Gold prices inched higher on Monday as investors waited for a series of U.S. economic data this week that could shed more light on the Federal Reserve's interest rate path. FUNDAMENTALS. * Spot gold was up 0.3% at $4,091.89 per ounce, as of 0114 GMT.
U.S. stocks extended their selloff and benchmark Treasury yields inched lower as investors embarked on a week of accelerated economic data releases in the aftermath of the longest government shutdown ever in the United States. Chipmaker Nvidia is due to report quarterly earnings on Wednesday. All three major U.S. stock indexes churned sharply lower as the session progressed.
* Q3 GDP shrinks annualised 1.8% vs forecast 2.5% * Consumption slows down to 0.1%; capex up. * Growth momentum among factors BOJ considers for rate decision. * Analysts expect positive growth for Oct-Dec. By Makiko Yamazaki and Satoshi Sugiyama.
Japan's economy contracted an annualised 1.8% in the July-September quarter, government data showed on Monday, compared with a median market forecast for a 2.5% decrease. The drop in gross domestic product translated into a quarterly decrease of 0.4%, compared with a median estimate of a 0.6% decline.
Billionaire hedge fund manager?Bill Ackman is set to introduce a fresh proposal for mortgage-finance titans?Fannie Mae?and?Freddie Mac?on Tuesday, Nov. 18. What Happened:?Ackman is scheduled to detail his plan during a livestream event.
U.S. President Donald Trump bought at least $82 million in corporate and municipal bonds from late August to early October including new investments in sectors benefiting from his policies, financial disclosures made public on Saturday showed.
U.S. President Donald Trump bought at least $82 million in corporate and municipal bonds from late August to early October including new investments in sectors benefiting from his policies, financial disclosures made public on Saturday showed.
U.S. President Donald Trump bought at least $82 million in corporate and municipal bonds from late August to early October including new investments in sectors benefiting from his policies, financial disclosures made public on Saturday showed.
* Trump's new bond investments span several industries. * He acquired Intel (INTC) bonds after government acquired a stake. By Nandita Bose. U.S. President Donald Trump bought at least $82 million in corporate and municipal bonds from late August to early October including new investments in sectors benefiting from his policies, financial disclosures made public on Saturday showed.
* Fed's Kugler exited central bank amid trading rules violations. * New disclosures detail trading that broke Fed rules. * Kugler faces Fed Inspector General Inquiry. By Michael S. Derby.
Former Federal Reserve Governor Adriana Kugler, who abruptly resigned this summer, had multiple financial transactions in violation of the central bank's ethics rules, government filings showed on Saturday, with the matter referred to the Fed's in-house watchdog for investigation.
Adriana Kugler, a Federal Reserve governor who abruptly resigned her position in August, filed a financial disclosure form for investments that the central bank's ethics officer declined to certify. The form filed with the Office of Government Ethics and made public on Saturday noted inadvertent trading activity by Kugler's husband that was forbidden under central bank ethics rules.
-New York Federal Reserve President John Williams met with Wall Street banks this week to discuss a key short-term lending facility, a New York Fed spokesperson told Reuters.
New York Federal Reserve President John Williams met with Wall Street banks this week to discuss a key short-term lending facility, a New York Fed spokesperson told Reuters.
-As U.S. agencies on Friday began announcing plans for releasing economic data delayed by the government shutdown, a trio of U.S. central bankers reiterated their concerns about inflation while the Fed's most dovish policymaker said economic data in hand argued for another rate cut. In the meantime, financial markets placed their bets.
New York Federal Reserve's President John Williams held a meeting with Wall Street banks this week to discuss a key short-term lending facility, the Financial Times reported on Friday, citing three people familiar with the matter.
* After overseas sell-off, Nasdaq closes lightly higher. * Investor bets decline for Fed rate cut next month. * US Treasury yields turn higher, dollar edges up. * UK markets whipped around by budget talk. By Sin?ad Carew and Dhara Ranasinghe.
* US two-year yields post largest weekly rise since mid-June. * US 2/10 yield curve bear steepens, suggesting Fed pause imminent. * Rate futures price 40% chance of rate cut in December. * Fed's Schmid, Logan favor pause in December meeting. By Gertrude Chavez-Dreyfuss and Alden Bentley.
S&P: * S&P: NIGERIA OUTLOOK REVISED TO POSITIVE FROM STABLE; 'B-/B' RATINGS AFFIRMED. * S&P: REVISED NIGERIA'S OUTLOOK BASED ON POTENTIAL FOR CONTINUED GAINS, PARTICULARLY IN OUR EXTERNAL & MONETARY ANALYSIS. * S&P: IN OUR VIEW, MONETARY, ECONOMIC, & FISCAL REFORMS BEING IMPLEMENTED BY NIGERIAN AUTHORITIES WILL YIELD POSITIVE BENEFITS OVER MEDIUM TERM.
US equity indexes closed mixed this week as stretched valuations and plunging interest-rate cut bets amid lingering inflationary concerns hurt the so-called AI trade. * The S&P 500 closed at 6,734.11 on Friday versus 6,728.80 a week ago. * Energy, basic materials, and healthcare led the sector charts, while consumer cyclicals led decliners. * Four Magnificent-7 stocks fell this week, led by Tesla.
US equity indexes closed mixed on Friday, as selective dip-buying helped lift the technology sector while top Federal Reserve officials noted inflationary impulses in the economy.
US equity indexes were mixed Friday after technology stocks recovered, while persistent inflation concerns eroded expectations for a December interest rate cut by the Federal Reserve. * The Nasdaq rose 0.1% on Friday, paring earlier gains.
Issuance year-to-date is at $505.245, just shy of 2024's record of $507.585 billion, with $11.109 billion of supply on the calendar for the week of Nov. 17.
* Walmart (WMT) falls after announcing CEO retirement. * Cidara Therapeutics (CDTX) soars on Merck's (MRK) buyout deal. * Nvidia (NVDA) report seen as key to AI rally. By Noel Randewich. Wall Street stocks ended mixed on Friday as investors looked ahead to Nvidia's (NVDA) quarterly results next week and worried that the Federal Reserve may hold off on cutting U.S. interest rates in December.
KBRA assigns a long-term rating of AA+ with a Stable Outlook to the State of Illinois, Build Illinois Bonds, Junior Obligation Series A, B, and C of December 2025. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
US equity indexes were mixed ahead of Friday's close amid selective dip-buying in technology and inflationary impulses noted by top Federal Reserve officials.
Financial stocks were lower in late Friday afternoon trading, with the NYSE Financial Index down 0.3% and the Financial Select Sector SPDR Fund shedding 0.9%. The Philadelphia Housing Index was easing 0.6%, and the Real Estate Select Sector SPDR Fund was increasing 0.3%. Bitcoin was falling 4.4% to $95,322, and the yield for 10-year US Treasuries rose 4 basis points to 4.15%. In corporate news,...
AM Best has downgraded the Financial Strength Rating to A+ from A++ and the Long-Term Issuer Credit Ratings to ?aa? from ?aa+? of State Farm Mutual Automobile Insurance Company and its affiliates, State Farm Fire and Casualty Company and State Farm County Mutual Insurance Company of Texas, collectively referred to as State Farm Group.
* After overseas sell-off, Wall Street turns higher. * Investors bets decline for Fed rate cut next month. * US Treasury yields turn higher, dollar edges up. * UK markets whipped around by budget talk. By Sin?ad Carew and Dhara Ranasinghe.
Financial stocks were lower in late Friday afternoon trading, with the NYSE Financial Index down 0.3% and the Financial Select Sector SPDR Fund shedding 0.9%. The Philadelphia Housing Index was easing 0.6%, and the Real Estate Select Sector SPDR Fund was increasing 0.3%. Bitcoin was falling 4.4% to $95,322, and the yield for 10-year US Treasuries rose 4 basis points to 4.15%. In corporate news,...
-Dallas Federal Reserve President Lorie Logan on Friday again signaled she would oppose an interest-rate cut in December, after also opposing the Fed's rate cut in October, because of her concern that inflation is too high, trending upward, and taking too long to get to the Fed's 2% target.
* Logan did not support a rate cut in October. * Labor market not now in need of further preemptive insurance, Logan says. * Logan next votes on rate-setting next year. By Ann Saphir.
* Fed officials cautious on further easing due to inflation concerns. * US data return expected to increase market volatility. * Pound falls after UK tax policy shift. By Karen Brettell.
New data from The Bond Buyer's 2025 Infrastructure Survey dives into how municipalities will be affected by the likely demise of FEMA and other shifts.
Kansas City Fed President Jeffrey Schmid said that the current stance of monetary policy is "modestly restrictive," which he said is appropriate given continued concerns about inflation and suggested that the risk of lowering rates further is tilted toward damaging the Fed's inflation fight.
Bitcoin has slipped under the $100,000 mark amid heavy ETF outflows and renewed doubts about Federal Reserve rate cuts, signaling growing institutional caution. What Happened: Bitcoin?s rejection at key daily moving averages and the $106,800 level triggered a deeper correction toward the $95,700 zone, with a possible extension into the $91,000?$88,000 golden pocket, near the 3D 200 SMA/EMA.
US benchmark equity indexes were mixed intraday as the odds of a Federal Reserve rate cut continued to diminish amid uncertainty around the release of key economic data.
Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index down 0.4% and the Financial Select Sector SPDR Fund shedding 0.6%. The Philadelphia Housing Index was easing 0.3%, and the Real Estate Select Sector SPDR Fund was increasing 0.1%. Bitcoin was declining 3.5% to $95,065, and the yield for 10-year US Treasuries rose 3 basis points to 4.14%. In corporate news, KK...
Gold traded lower midafternoon on Friday as traders turn cautious amid weakening stock markets and lower expectations for another interest-rate cut from the Federal Reserve. Gold for December delivery was last seen down $95.60 to US$4,047.30 per ounce.
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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