Canada will report gross domestic product for Q3 Friday, plus detailed figures for the month of September, and the preliminary estimate for October with no details, said Scotiabank. Q3 growth is likely to land around 0.5% quarter over quarter, seasonally adjusted annual rate on an expenditure-accounts basis that fully accounts for net trade and inventory effects, noted the bank.
The Reserve Bank of New Zealand is widely forecast to cut the OCR rate by 25bps to 2.25% at 8 p.m. ET on Tuesday. The shadow board supports the decision, wrote the bank in a note to clients. Market implied rates point to limited easing beyond November, stated SocGn.
Best Buy Co Inc? shares are trading higher after the company reported?third-quarter?2026 earnings. Sales?increased 2.4%?year over year to?$9.67 billion, beating the consensus of?$9.59 billion.
The Conference Board's measure of consumer confidence fell to 88.7 in November from 95.5 in October, a larger drop than a reading of 93.3 expected in a survey compiled by Bloomberg as of 7:35 am ET.
ADP's weekly measure of private payrolls showed a preliminary average decrease of 13,500 jobs in the four weeks ending on Nov. 8. "Consumer strength remains in question as we enter the holiday hiring season, which might be playing into delayed or curtailed job creation," ADP said.
Gold traded higher early on Tuesday on rising hopes for December rate cut from the Federal Reserve while a delayed report on U.S. wholesale price inflation in September matched expectations. Gold for February delivery was last seen up US$45.00 to US$4,175.80 per ounce.
The Case-Shiller National Home Price index fell by 0.3% in September before seasonal adjustment following a 0.4% decrease in August. National home prices were up 1.3% year-over-year, down from 1.4% in August. The 10-city index and 20-city index were both down 0.5% in September.
The FHFA's measure of home prices held steady in September after an unrevised 0.4% increase in the previous month, below a 0.2% gain expected in a survey compiled by Bloomberg. Prices were up 1.7% from a year earlier in September. For the third quarter as a whole, home prices were up 0.2% from Q2 and up 2.2% from Q3 2024, slower than a 3.1% four-quarter gain in the previous quarter.
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.
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.
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.
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.
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.
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.
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.
"We do not expect any major weakness to take hold as the new issue calendar is beginning to dwindle with only two non-holiday or non-Federal Reserve weeks left in the year," said Birch Creek strategists.
CrowdStrike Holdings, Inc. (CRWD) shares are trading higher Monday after Fed Governor Waller called for a December rate cut. What To Know: Federal Reserve Governor Christopher Waller said Monday he supports another interest-rate cut at the central bank's December meeting, citing concerns over the labor market and a sharp slowdown in hiring.
Freddie Mac Multifamily?s loan purchase?cap for 2026 will be $88 billion. ?Freddie Mac Multifamily delivers essential liquidity to create affordable apartment supply around the country each and every year,? said Kevin Palmer, head of Multifamily for Freddie Mac. As was the case last year, for 2026, 50% of loans purchased must be mission-driven.
US benchmark equity indexes were higher intraday Alphabet helped lift technology stocks, while the odds of a Federal Reserve interest rate cut next month rose.
Gold traded higher midafternoon on Monday on recovering hopes the Federal Reserve will cut interest rates at next month's meeting of the central bank's policy committee. Gold for February delivery was last seen up US$18.90 to US$4,134.90 per ounce.
Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index up 0.3% and the Financial Select Sector SPDR Fund adding 0.5%. The Philadelphia Housing Index was rising 0.2%, and the Real Estate Select Sector SPDR Fund was up 0.1%. Bitcoin was increasing 1.9% to $88,429, and the yield for 10-year US Treasuries was easing 0.2 basis points to 4.04%. In economic news, th...
Cities and states are showing budget resilience as pressure from inflation, slowing revenue growth, and the end of federal pandemic fuels concerns about an uncertain future.
Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index up 0.2% and the Financial Select Sector SPDR Fund adding 0.4%. The Philadelphia Housing Index was rising 0.2%, and the Real Estate Select Sector SPDR Fund was up 0.2%. Bitcoin was increasing 1.9% to $88,432, and the yield for 10-year US Treasuries was easing 0.2 basis points to 4.04%. In corporate news, B...
The Reserve Bank of New Zealand is scheduled to release its policy statement at 8 p.m. ET on Tuesday, said ING. ING expects the RBNZ to cut rates by 25bps to 2.25% this week. However, upside risks to inflation and growth mean, in the UBS view, that this will be the last cut of the cycle.
Robinhood Markets Inc (HOOD) shares are trading higher Monday as tech rebounds on hopes the Federal Reserve will cut rates in December. What To Know: The move comes after Goldman Sachs reiterated its call for a 25-basis-point cut at the December FOMC meeting, citing a softer labor market and inflation near 2%. The Invesco QQQ Trust climbed 2% to around $602 as investors rotated into large-cap tech.
Israel's central bank Monday said its Monetary Committee decided to lower the interest rate by 25bps to 4.25% Annual inflation has moderated and stood at 2.5% in the past two readings, noted the central bank in its policy statement. Economic activity recovered sharply in Q3, it pointed out. The labor market remains "tight," according to the Bank of Israel.
Figure Technology Solutions (FIGR), the technology platform powering an efficient, liquid, blockchain-based marketplace for financial products, today announced that Ondo Finance has made a $25 million strategic investment in Figure?s $YLDS stablecoin which is issued by Figure?s subsidiary Figure Certificate Company, as part of the backing of Ondo Short-Term US Treasuries Fund, Ondo?s flagship tokenize...
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood Scores, according to ICE Climate Data. A $5 million offering from Marion, Mass., records a Flood Score of 4.8 out of 5.0, ICE reports.
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.6% and the actively traded Invesco QQQ Trust was 0.8% higher in Monday's premarket activity, ahead of key economic data releases. US stock futures were also higher, with S&P 500 Index futures up 0.5%, Dow Jones Industrial Average futures advancing 0.2%, and Nasdaq futures gaining 0.7% before the start of regular trading.
GXO Logistics (GXO) said Monday that its GXO Logistics Capital subsidiary issued 500 million euros in senior unsecured notes in Europe. The company said the notes carry an annual interest rate of 3.75%, payable once a year starting Nov. 24, 2026, and will mature on Nov. 24, 2030. Proceeds will be used to refinance upcoming maturities, GXO Chief Financial Officer Baris Oran said.
GXO Logistics (GXO), Inc.?, the world?s largest pure-play contract logistics provider, today announced the completion of its inaugural European bond offering, with its wholly owned subsidiary GXO Logistics Capital B.V. issuing ?500m in senior unsecured notes.
The benchmark US stock measures were trending higher before the opening bell Monday amid renewed hopes for a potential interest rate cut from the Federal Reserve next month, while traders await some key delayed economic reports later in the holiday-shortened week.
U.S. stocks settled higher on Friday, with the Dow Jones index gaining more than 1% during the session as a wave of dovish comments from Federal Reserve officials flipped market expectations toward a rate cut next month. However, all three major indices recorded big losses last week, with the S&P 500 and Dow falling around 2% each. Wall Street analysts make new stock picks on a daily basis.
Canada will report September and Q3 gross domestic product data on Friday, said TD. The bank's expectation is that growth will register somewhere between 0.5% and 1.0% on a quarterly annualized basis. Given the swings in trade in Q2, this forms a vital input into the projection -- so its absence is adding uncertainty, noted TD.
European bourses were largely muted midday Monday, as traders weighed the odds of a US Federal Reserve rate cut in December, and mulled Russia-Ukraine peace talks. Investors also eyed Wall Street futures modestly flashing green, and unevenly higher closes overnight on Asian exchanges, as tech-sector shares firmed.
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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