* BANK OF CANADA UPDATES TERMS AND CONDITIONS FOR THE RECEIVER GENERAL MORNING AUCTIONS Source text: Bank of Canada updates Terms and Conditions for the Receiver General morning auctions - Bank of Canada.
The long-awaited jobs report paints a mixed picture for market participants: nonfarm payrolls increased by a greater-than-expected119,000 in September, but the unemployment rate rose to 4.4%.
-Chicago Federal Reserve President Austan Goolsbee on Thursday said he is uneasy about cutting interest rates in the face of too-high inflation that's steady at best and by some measures getting worse, remarks that signal a reluctance to support a third straight reduction in borrowing costs next month.
* Dollar holds strength vs yen. * US data show faster job growth, but rise in unemployment rate. * Cleveland Fed's Hammack reiterates opposition to further cuts. * Expectations for US cut in December at 39% By Laura Matthews.
Financial stocks fell in late Thursday afternoon trading with the NYSE Financial Index shedding 0.2% and the Financial Select Sector SPDR Fund decreasing 0.4%. The Philadelphia Housing Index rose 0.4%, and the Real Estate Select Sector SPDR Fund increased 0.2%. Bitcoin fell 2.8% to $86,723, and the yield for 10-year US Treasuries dropped 2.9 basis points to 4.10%. In economic news, September no...
US equity indexes fell amid a drop in government bond yields and higher volatility ahead of the close on Thursday, giving up all gains following the market open.
Monetary policy easing by the Federal Reserve to support a weakening labor market risks prolonging the period of already-high inflation, Cleveland Fed President Beth Hammack said Thursday.
Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index shedding 0.2% and the Financial Select Sector SPDR Fund decreasing 0.3%. The Philadelphia Housing Index rose 0.4%, and the Real Estate Select Sector SPDR Fund increased 0.2%. Bitcoin was falling 2.8% to $86,723, and the yield for 10-year US Treasuries decreased 2.9 basis points to 4.10%. In corporate n...
* Unemployment rate rises to 4.4% despite job growth. * Traders see increased chance of December Fed rate cut. * Fed policymakers express concerns over further easing due to inflation. By Karen Brettell.
The long-delayed September employment report was mixed, with payrolls growth stronger than expected, the unemployment rate up, and hourly earnings growth slower. Nonfarm payrolls rose by 119,000 in September after a 4,000 decline in August and a 72,000 gain in July, both revised lower from their previous estimates.
Cleveland Fed President Beth Hammack said that there are risks to lowering the federal funds rate further, particularly if it keeps inflation elevated and encourages risk taking. Hammack said that labor market softening has not been as severe as expected and that the FOMC needs to keep policy "somewhat restrictive" to lower inflation.
Cenovus Energy (CVE) on Thursday said it completed a public offering in Canada and the U.S. of $2.6 billion in senior notes. The senior notes are comprised of $650 million of 4.250% senior unsecured notes due 2033, $550 million of 4.600% senior unsecured notes due 2035, US$500 million of 4.650% senior unsecured notes due 2031, and US$500 million of 5.400% senior unsecured notes due 2036.
Fed Chair Jerome Powell is expected to keep interest rates steady at the final Federal Reserve meeting of the year, but economists say he could strike a more dovish tone as the labor market showed mixed signs. Following the delayed release of September's employment data, Bank of America economists said the rising unemployment rate makes a "dovish hold" the most likely outcome for December.
US benchmark equity indexes were lower intraday as a long-awaited labor market report showed the unemployment rate at the highest level since 2021, while Nvidia (NVDA) reversed its post-earnings rally. The Nasdaq Composite was down 1% at 22,334.2 after midday Thursday, while the S&P 500 fell 0.7% to 6,596.
Gold prices eased early on Thursday even as the dollar and treasuries weakened as hopes for a December interest-rate cut from the Federal Reserve continue to fade. Gold for December delivery was last seen down $16.30 to US$4,066.50 per ounce.
Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index decreasing 0.3% and the Financial Select Sector SPDR Fund easing 0.2%. The Philadelphia Housing Index gained 0.8%, and the Real Estate Select Sector SPDR Fund rose 0.5%. Bitcoin was falling 4.4% to $87,399, and the yield for 10-year US Treasuries was decreasing 2.7 basis points to 4.11%. In economic news, S...
* Canadian dollar falls 0.3% against the greenback. * Touches its weakest since November 7 at 1.4107. * Price of oil decreases 0.1% * 10-year yield pulls back from 2-1/2-month high. By Fergal Smith.
Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index decreasing 0.3% and the Financial Select Sector SPDR Fund falling 0.2%. The Philadelphia Housing Index gained 0.8%, and the Real Estate Select Sector SPDR Fund rose 0.5%. Bitcoin was falling 4.4% to $87,399, and the yield for 10-year US Treasuries was decreasing 2.7 basis points to 4.11%. In corporate news,...
US equity indexes fell amid a surge in volatility after midday Thursday, giving up all gains following a blockbuster earnings report from Nvidia (NVDA) overnight.
-Chicago Federal Reserve President Austan Goolsbee repeated on Thursday he is "uneasy" about frontloading interest-rate cuts, particularly with progress on inflation towards the Fed's 2% goal looking to have stalled and starting to go the wrong way.
-Morgan Stanley (MS) on Thursday scrapped its forecast that the U.S. Federal Reserve would cut interest rates by a quarter-point at its December meeting after a firm September jobs report showed signs of a resilient economy. Non-farm payrolls increased by 119,000 jobs after a downwardly revised 4,000 drop in August, the Labor Department's Bureau of Labor Statistics said.
Existing home sales in the US rose more than expected last month amid lower mortgage rates, data from the National Association of Realtors showed Thursday. Sales grew 1.2% sequentially to a seasonally adjusted annual rate of 4.10 million units in October.
* US September nonfarm payrolls up 119,000. * * Many Fed policymakers at last meeting opposed December rate cut. By Pablo Sinha. Gold prices fell on Thursday as investors digested the September U.S. jobs report, which showed stronger-than-expected employment figures and dampened prospects for a December rate cut.
The Central Bank of Egypt kept its overnight interest rates on hold on Thursday, saying it hoped to contain an acceleration in inflation as the economy heated up towards full capacity.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.26%. ?Mortgage rates have been shifting within a narrow ten-basis point range over the last month. News Facts The PMMS? is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.
* Dollar holds strength vs yen. * US data show faster job growth, but rise in unemployment rate. * Expectations for US cut in December at 39% By Laura Matthews and Alun John.
Cleveland Federal Reserve President Beth Hammack downplayed the impact of September hiring data released on Thursday, as she once again said U.S. monetary policy needs to be positioned to lower persistently high inflation levels.
There was an increase in Canadian existing home sales in October, but the fundamental trends remain bearish as both sales and prices are down on a year-over-year basis, said Rosenberg Research.
The Kansas City Fed monthly manufacturing index rose to a reading of 8 in November from 6 in October, compared with expectations for a decrease to a 3 print in a survey compiled by Bloomberg as of 7:35 am ET, indicating faster expansion in the sector. Other regional manufacturing data already released have been mixed.
MarketAxess Holdings (MKTX), which operates an electronic trading platform for corporate bonds and other fixed-income securities, is facing a potentially benign credit outlook that may weigh on secondary volumes into 2026, Morgan Stanley said Thursday in a report. Morgan Stanley downgraded MarketAxess (MKTX) shares to equal weight from overweight and lowered its price target to $209 from $247.
-Concerns about financial market stability, including the potential for a sharp drop in asset prices, are emerging as a fresh theme for Federal Reserve officials as they debate when and even whether to cut interest rates further. In a talk at Georgetown University on Thursday, Federal Reserve Governor Lisa Cook did not offer a view on near-term interest-rate policy specifically.
Secure Waste Infrastructure (SECYF) said Thursday that it has closed its $300 million private placement of 5.75% senior unsecured notes due 2032. Proceeds will be used to pay down debt and for general corporate purposes. Secure Waste is up $0.37, to $18.56, on the Toronto Stock Exchange. Price: 18.55, Change: +0.36, Percent Change: +1.98. MT Newswires does not provide investment advice.
The New Hampshire Business Finance Authority Board of Directors has approved a groundbreaking financing structure that will make New Hampshire the first state in the world to issue a municipal bond backed by Bitcoin. The $100 million inaugural issuance marks a major milestone in the integration of digital assets with traditional capital markets.
The US economy saw stronger-than-expected job growth in September, though the unemployment rate hit the highest level since 2021, according to a report that was delayed due to the recent federal government shutdown. Total nonfarm payrolls rose by 119,000 two months ago, the Bureau of Labor Statistics reported Thursday, more than the 51,000 increase expected in a survey compiled by Bloomberg.
Rwanda's central bank on Thursday said its Monetary Policy Committee decided to maintain the Central Bank Rate at 6.75%. That level is considered "adequate" to keep inflation within the target range, stated BNR. MT Newswires does not provide investment advice.
U.S. job growth accelerated in September, but the unemployment rate increased to a four-year high of 4.4% and the economy in August shed jobs for the second time this year as employers navigate an uncertain environment.
Cenovus Energy Inc. (CVE) has completed a public offering in Canada and the United States of $2.6 billion in senior notes comprised of $650 million of 4.250% senior unsecured notes due 2033, $550 million of 4.600% senior unsecured notes due 2035, US$500 million of 4.650% senior unsecured notes due 2031, and US$500 million of 5.400% senior unsecured notes due 2036.
* U.S. comparable sales up 4.5%, beating 3.8% estimates. * Adjusted earnings 62c/share; revenue up 5.8% to $179.5 billion. * Wealthier consumers drive growth in delivery, general merchandise. * Walmart (WMT) to shift listing to Nasdaq from NYSE on Dec 9. * Raises full-year net sales and earnings forecasts. * Shares rise 5.9% in morning trading. By Juveria Tabassum and Siddharth Cavale.
U.S. existing home sales increased in October as buyers took advantage of lower mortgage rates, though rising unemployment and high home prices remain a constraint for the housing market. Home sales rose 1.2% last month to a seasonally adjusted annual rate of 4.10 million units, the National Association of Realtors said on Thursday.
U.S. existing home sales increased in October as buyers took advantage of lower mortgage rates, though rising unemployment and high home prices remain a constraint for the housing market. Home sales rose 1.2% last month to a seasonally adjusted annual rate of 4.10 million units, the National Association of Realtors said on Thursday.
Existing-home sales increased by 1.2% in October, according to the National Association of REALTORS? Existing-Home Sales Report. Month-over-month sales increased in the Midwest and South, showed no change in the Northeast, and fell in the West.
The pace of US existing home sales rose by 1.2% to a 4.10 million seasonally adjusted annual rate in October from 4.05 million in September, compared with a smaller expected increase to a 4.08 million rate in a survey compiled by Bloomberg as of 7:35 am ET, data from the National Association of Realtors released Thursday showed. Total sales were up 1.7% from a year earlier.
* US September nonfarm payrolls up 119,000. * UBS raises 2026 mid-year gold target price by $300 to $4,500/oz. * Many Fed policymakers at last meeting opposed December rate cut. By Pablo Sinha.
Rosenberg Research said it took a closer look at the Canadian consumer price index that was released on Monday for October and it has become clear that inflation shouldn't be an obstacle for more Bank of Canada rate cuts. All the more so with the woeful October housing starts data, which raises the odds of another quarterly contraction in Q4, noted Rosenberg Research.
U.S. Treasury yields fell on Thursday after data showed that the U.S. unemployment rate rose in September even as employers added more jobs than economists had expected during the month, with traders now readjusting for the probability that a rate cut at the Federal Reserve's December meeting may be a coin flip.
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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