The US Producer Price Index rose by 0.3% in September following a 0.1% decrease in August, as expected in a survey compiled by Bloomberg as of 7:35 am ET. Energy prices jumped by 3.5% in the month, while food prices rose by 1.1%. After excluding food and energy prices, core PPI rose by 0.1%, below the 0.2% gain expected and following a 0.1% drop in the previous month.
U.S. producer prices rebounded in September as the cost of energy goods surged and producers passed on some tariffs. The Producer Price Index for final demand increased 0.3% after an unrevised 0.1% drop in August, the Labor Department's Bureau of Labor Statistics said on Tuesday. In the 12 months through September, the PPI increased 2.7% after advancing by the same margin in August.
US retail sales rose by 0.2% in September, a smaller gain than the 0.4% increase expected in a survey compiled by Bloomberg as of 7:35 am ET and following the previous month's 0.6% gain. Excluding a 0.3% decrease in motor vehicle sales, retail sales were up 0.3%, as expected.
* Rate-cut wagers ramp up after dovish comments from policymakers. * Dollar wobbles but holds ground on shifting expectations. * Yen locked in on intervention zone, traders keep wary eyes. By Ozan Ergenay and Ankur Banerjee.
-Federal Reserve Governor Stephen Miran said in a television interview on Tuesday that a deteriorating job market was happening because of where the central bank has set it short-term interest rate target. "We have to recognize that the unemployment rate has been drifting higher, and that is a function of monetary policy being too tight," Miran said in an interview on Fox Business.
U.S. retail sales increased less than expected in September, suggesting consumer fatigue amid higher prices because of tariffs, though the moderation did not dampen economists' expectations for solid economic growth in the third quarter. The sales slowdown reported by the Commerce Department on Tuesday followed a long stretch of gains and marked a weak handoff to the fourth quarter.
The funds supported new facilities and housing, helping address challenges Navajo Nation communities face, such as long-distance travel and limited access to health care.
U.S. retail sales increased less than expected in September, taking a breather following a recent stretch of strong gains. Retail sales rose 0.2% after an unrevised 0.6% gain in August, the Commerce Department's Census Bureau said on Tuesday. The report, originally due in mid-October, was delayed by the 43-day shutdown of the government.
U.S. Treasury Secretary Scott Bessent said on Tuesday there was a very good chance President Donald Trump would announce a new chairman of the Federal Reserve before Christmas. "So we're going to have the last interview in the second round today.
U.S. Treasury Secretary Scott Bessent said on Tuesday he was concluding a second round of interviews later in the day for a new U.S. Federal Reserve leader, and there was a good chance President Donald Trump would announce his pick before Christmas.
ROSELAND, N.J., Nov. 25, 2025 For the four weeks ending November 8, 2025, U.S. private employers shed an average of -13,500 jobs per week, according to the NER Pulse, a weekly update of the monthly?ADP National Employment Report?.?. Three times a month, ADP Research publishes preliminary estimates of the week-over-week change in U.S. employment based on a four-week moving average.
Canada will publish the advance look at wholesale trade for October at 8:30 a.m. ET on Tuesday, said Bank of Montreal. There are two provincial fiscal updates on deck later on Tuesday, from Quebec and Saskatchewan, noted the bank. The province of Quebec was expecting an $11.4 billion deficit in its 2025 budget, which weighs in at 1.8% of gross domestic product.
SS&C Technologies (SSNC) said Tuesday it has established SS&C Wealth Services Europe, which has received authorization from the Central Bank of Ireland under the Markets in Financial Instruments Directive. The company said the license enables the new Dublin-based operation to offer a full suite of technology-enabled wealth management services directly from Ireland.
Serbia's central bank said in a statement it will stop all payment transactions for Serbia's Russian-owned oil company NIS if its operating license is not extended. The U.S. Treasury Department's Office of Foreign Assets Control placed sanctions on Russia's oil sector in January, including on NIS.
Abercrombie & Fitch (ANF) raised the lower end of annual profit forecast on Tuesday, betting on strong demand for its Hollister dresses, jeans and jackets, as shoppers snap up in-trend apparel at deeper discounts during early holiday promotions. The company expects net income per share for the fiscal year 2025 to be between $10.20 and $10.50, compared with its earlier forecast of $10.00 to $10.50.
Brazil's foreign direct investment inflows through October have already surpassed last year's total, central bank data showed on Tuesday, as the government expects FDI to reach a record high this year.
The United States trade imbalance widened sharply at the start of the year but narrowed to its smallest shortfall in more than a year in August, according to Bank of Montreal. Among major trading partners, the three largest bilateral U.S. deficits are with China, the European Union and Mexico, noted the bank.
Euro zone bond yields nudged lower on Tuesday as U.S. Treasury yields held their recent declines on the back of growing expectations the Federal Reserve will deliver a December rate cut. Germany's 10-year Bund yield was down one basis point at 2.68%, broadly in the middle of its range for much of this year.
Futures linked to Canada's main stock index edged higher on Tuesday, building on the previous session's rise as investors awaited key U.S. economic data releases. Futures on the S&P/TSX Composite Index were 0.2% higher as of 06:44 a.m. ET.
-What matters in U.S. and global markets today. By Mike Dolan, Editor-At-Large, Finance and Markets. As a year-end Federal Reserve interest rate cut comes back into play, the trickle of backlogged U.S. economic data turns into a torrent on Tuesday as markets get a better take on the U.S. consumer ahead of the Thanksgiving holiday.
By Mike Dolan. Nov 25 - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets. As a year-end Federal Reserve interest rate cut comes back into play, the trickle of backlogged U.S. economic data turns into a torrent on Tuesday as on the U.S. consumer ahead of the Thanksgiving holiday.
Brazil's current account deficit reached $5.121 billion in October, central bank data showed on Tuesday, wider than the $4.8 billion expected by economists polled by Reuters. The country attracted $10.937 billion in foreign direct investment for the month, beating the $6.304 billion forecast in the poll.
Wall Street extended its rally on Tuesday as a spate of economic data appeared to support the case for the U.S. Federal Reserve to implement its third and final rate cut of the year in December, while softness in the tech sector limited the Nasdaq's gains. All three major U.S. stock indexes closed in positive territory, with the blue-chip Dow out front.
* Futures off: Dow 0.16%, S&P 500 0.19%, Nasdaq 0.33% U.S. stock index futures edged lower on Tuesday, cooling from a tech-fueled rally on Wall Street in the previous session, as investors awaited economic data and earnings that could offer insight into the resilience of the American consumer.
BRUSSELS---- The global financial community has unleashed a new era for global payments innovation with universal adoption of ISO 20022 as the standard language for cross-border payments worldwide. The move elevates customer experience in today?s fiat currency system in support of the G20 goals for international payments, enabling faster, more efficient and data-driven payments.
Most emerging market equities and currencies edged higher on Tuesday, helped by expectations of a potential U.S. interest rate cut in December, while Ukraine's international bonds benefited from renewed efforts toward peace talks.
Deutsche Bank (DB) is under European Central Bank review over allegations it understated risks and overstated financial strength, the Financial Times reported Tuesday, citing people familiar with the matter. The ECB has reportedly questioned Deutsche Bank's (DB) netting practices while assessing capital rules and collateral treatment.
* Stocks rally as Fed officials boost chances of December rate cut. * Dollar heads for monthly gain; yen near 10-month low. * Trump briefs Japan PM Takaichi on his call with China's Xi. By Scott Murdoch and Amanda Cooper.
* Rate-cut wagers ramp up after dovish comments from policymakers. * Dollar wobbles but holds ground on shifting expectations. * Yen locked in on intervention zone, traders keep wary eyes. By Ozan Ergenay and Ankur Banerjee.
Euro zone bond yields held steady in early trading on Tuesday even as other asset classes and U.S. Treasuries clung to gains as hopes grow the Federal Reserve will deliver a December rate cut. Germany's 10-year Bund yield was flat at 2.7%, broadly in the middle of its range for much of this year. With the European Central Bank firmly on hold, European rates have been fairly muted in recent weeks.
Thailand and Taiwan led emerging Asian markets higher on Tuesday as investors stepped up bets on a U.S. Federal Reserve rate cut in December, after several officials signalled support for easing.
By Joachim Klement. The Federal Reserve's stance has recently shifted from dovish to hawkish and back again, leaving investors uncertain about the prospect of aggressive U.S. interest rate cuts next year.
* Gold rose nearly 2% on Monday. * US retail sales data for September due at 1330 GMT. * US consumer confidence data for November due at 1500 GMT. By Ishaan Arora. Gold extended gains on Tuesday to hit its highest in more than a week, brushing off a firm dollar, after dovish comments from Federal Reserve policymakers revived prospects of a U.S. rate cut in December.
* Rate-cut wagers ramp up after dovish comments from policymakers. * Dollar wobbles but holds ground on shifting expectations. * Yen locked in on intervention zone, traders keep wary eyes. By Ankur Banerjee.
* Tech stocks lead Asian shares higher. * Yen stuck near 10-month low. * Trump briefs Japan PM Takaichi on his call with China's Xi. By Scott Murdoch. Asian share markets shifted higher on Tuesday as hopes grew the Federal Reserve will deliver a December interest rate cut, while investors piled into global technology stocks, shrugging off concerns the sector was becoming overheated.
* Post-communist nations 'getting old before getting rich' * Populations are ageing, leaders getting even older. * Nigeria and others growing, but benefits may be fleeting. By Libby George. Countries must act now to keep slowing population growth from wreaking havoc on their long-term economic prospects, the European Bank for Reconstruction and Development said in an annual report on Tuesday.
* Gold rose nearly 2% on Monday. * US retail sales data for September due at 1330 GMT. * US consumer confidence data for November due at 1500 GMT. By Ishaan Arora. Gold extended gains on Tuesday to hit its highest in more than a week, brushing off a firm dollar, after dovish comments from Fed policymakers revived prospects of a U.S. rate cut in December.
Most emerging market equities
advanced on Tuesday, led by South Korea and Taiwan stocks, as
several U.S. Federal Reserve officials signalled support for a
potential interest rate cut in December, ...
U.S. President Donald Trump has targeted top economic rival China with a cascade of tariffs on imports worth billions of dollars as he tries to narrow a trade deficit, bring home lost manufacturing and cripple the fentanyl trade.
U.S. President Donald Trump has targeted top economic rival China with a cascade of tariffs on imports worth billions of dollars as he tries to narrow a trade deficit, bring home lost manufacturing and cripple the fentanyl trade.
U.S. President Donald Trump has targeted top economic rival China with a cascade of tariffs on imports worth billions of dollars as he tries to narrow a trade deficit, bring home lost manufacturing and cripple the fentanyl trade.
* Gold rose nearly 2% on Monday. * US retail sales data for September due at 1330 GMT. * US consumer confidence data for November due at 1500 GMT. By Ishaan Arora. Gold prices extended gains on Tuesday to the highest in more than a week, brushing off a firm dollar, after dovish comments from Fed policymakers revived prospects of a U.S. rate cut in December.
Cryptocurrency punters are leaning toward the possibility that the Federal Reserve will slash interest rates next month. The?odds?of a 25 basis point cut surged to 81% on the decentralized prediction platform?Polymarket, up from 67% the day before and 44% the week before.
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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