The number of Americans filing new applications for unemployment benefits fell to a seven-month low last week, suggesting layoffs remained low, though the labor market is struggling to generate enough jobs for those out of work amid economic uncertainty.
* Global stocks rise for fourth straight session. * Sterling advances after UK budget surprise. * US yields rise after four-session drop and data. By Chuck Mikolajczak.
The yen weakened against the dollar on Wednesday, after an
initial boost from speculation about a possible Bank of Japan
rate hike next month faded, while sterling advanced on a UK
budget that ...
Turkey's central bank will adjust policy to hit its targets despite a recent slowdown in the disinflation process, Governor Fatih Karahan said on Wednesday. In an interview broadcast by the bank with journalists and an economist, Karahan likened inflation to a virus, but said the correct policy steps are being taken.
Durable goods new orders rose by 0.5% in September, while shipments increased by 0.1%. Excluding transportation, new orders and shipments were both up 0.6%, suggesting underlying strength. Initial jobless claims decreased by 6,000 to 216,000 in the week ended Nov. 22, lowering the four-week moving average by 1,000 to 223,750, a second straight decrease.
The Bank of Mexico on Wednesday cut its growth forecast for Mexico's economy to near zero and raised its short-term inflation forecasts as Latin America's second-largest economy continues to reel from global trade uncertainty. Banxico, as the central bank is known, attributed the downgraded growth forecast to the economy's worse-than-expected performance in the third quarter.
The Bank of Mexico cut its growth forecast for Mexico's economy to close to zero on Wednesday, amid bets by the bank's board that the country's weak economy will help bring sticky inflation to target. But Banxico, as the central bank is known, said it still projects headline and core inflation to meet the bank's 3% target by the third quarter of 2026.
The US economy was "little changed" since mid-October's Beige Book report, the Federal Reserve's most recent update released Wednesday showed. "Economic activity was little changed since the previous report, according to most of the twelve Federal Reserve Districts, though two Districts noted a modest decline and one reported modest growth," according to the summary.
* Indexes up: Dow 0.82%, S&P 500 0.79%, Nasdaq 0.86% * Major U.S. stock indexes on course to register fourth straight session of gains. * Dell gains after strong revenue, profit forecasts. * Workday, Deere slide after results. By Stephen Culp.
-U.S. economic activity was little changed in recent weeks, though employment was weaker in about half of the Federal Reserve's 12 districts and consumer spending declined, the U.S. central bank said on Wednesday, likely reinforcing concerns about the job market as the next interest rate decision nears.
* Fed report shows slight decline in employment in recent weeks. * Policymakers divided heading into December 9-10 meeting. * Financial markets expect Fed to cut rates in December.
Bond issuers in the water sector are concerned about a reduction in WIFIA loan closings as some point to competition from municipal bonds as a cause for a decline in their popularity.
Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index adding 1.1% and the Financial Select Sector SPDR Fund rising 1%. The Philadelphia Housing Index was climbing 1.3%, and the Real Estate Select Sector SPDR Fund was up 0.7%. Bitcoin was increasing 2.7% to $90,050, and the yield for 10-year US Treasuries was slightly higher at 4.0%. In economic news, the ...
Weekly applications for unemployment insurance dropped, while continuing claims moved higher, US government data showed Wednesday. For the week through Nov. 22, the seasonally adjusted number of initial claims decreased by 6,000 to 216,000, the Department of Labor said. The four-week moving average totaled 223,750, dropping by 1,000 from the prior week's average, which was revised upward by 500.
Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each rising 1%. The Philadelphia Housing Index was climbing 1.4%, and the Real Estate Select Sector SPDR Fund was up 0.8%. Bitcoin was increasing 2.7% to $89,698, and the yield for 10-year US Treasuries was slightly higher at 4.01%. In corporate news, Miami Int...
Planned strike action by security guards at the Bank of England this week has been called off after workers accepted an improved pay offer, their union Unite said on Wednesday. The 40 staff employed by Amulet Security had been due to walk out from November 24-28 over pay.
Ukraine's government and a group of investors holding its GDP warrants have entered a third round of formal restructuring talks, a source familiar with the situation said. The discussions started on Tuesday, the source added. Ukraine's finance ministry declined to comment, as did lawyers representing the group of warrant holders.
The European stock markets closed higher in Wednesday trading as the Stoxx Europe gained 1.06%, Germany's DAX rose 0.98%, the FTSE 100 advanced 0.85%, France's CAC was up 0.88%, and the Swiss Market Index increased 0.40%. The European Central Bank reported in its Financial Stability Review for November that uncertainties around trade agreements," as well as the economic and financial effects of...
Ghana's central bank Wednesday said its Monetary Policy Committee voted to lower the Monetary Policy Rate by 350 basis points to 18.0%. "Given the anticipated significant decline in inflation by the end of the year, the tight monetary policy stance, the. significant build-up of reserves which is providing anchor for exchange rate stability, the Bank projects a continued stable inflation profile...
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.23%. ?Heading into the Thanksgiving holiday, mortgage rates decreased,? said Sam Khater, Freddie Mac?s Chief Economist.
Conflicting signals from the Federal Reserve on the timing and magnitude of U.S. interest rate cuts have accelerated hedging flows into swaptions and derivatives tied to overnight rates, with investors seeking protection against heightened policy uncertainty.
* Global stocks rise for fourth straight session. * Sterling advances after UK budget. * US yields rise after four-session drop, data. By Chuck Mikolajczak.
The Magnum Ice Cream Company on Wednesday said it had completed a 3 billion euro debut bond issue that was oversubscribed seven times, less than two weeks before the company will finalise a spinoff from Unilever (UL) and list in Amsterdam.
A couple of weak economic reports on Tuesday have helped convince markets that the Federal Reserve will cut rates in December, but strong data over the next two weeks could still pull policymakers back into the no-cut camp, Macquarie said in a note on Wednesday. The Census Bureau reported Tuesday a rise in retail sales rose that was less than analysts expected in September.
CIBC Capital Markets Tuesday lowered Vizsla Silver's price target to C$10.25 from $11.00 with an outperformer rating. CIBC said the company is now off research restriction after it closed an offering of 5% convertible senior unsecured notes due 2031 for an aggregate principal amount of US$300 million.
The Magnum Ice Cream Company, the world?s largest ice cream company, today announced the successful completion of a ?3 billion debut bond issuance by Magnum ICC Finance B.V., across four tranches.
Canada's main stock index climbed to a record high on Wednesday, with commodity-linked stocks leading the gains, as growing confidence in an imminent interest-rate cut from the U.S. Federal Reserve fueled market sentiment. At 10:23 a.m. ET, Toronto's S&P/TSX composite index was up 0.6% at 31,097.55, building upon the record closing levels achieved in the previous session.
Vanguard's head of international rates told Reuters he added to a position favouring long-dated British government bonds on Wednesday following a highly-anticipated budget. British finance minister Rachel Reeves delivered a budget that will raise taxes to double her margin to meet Britain's fiscal targets, more than markets expected, even as it raises welfare spending.
Rosenberg Research has been downbeat on the Canadian economy and Canadian dollar for a long time, but some of the dark clouds are starting to brighten. Rosenberg Research still sees weak growth for the first half of 2026, as uncertainty and adjustments are continuing, and the Bank of Canada easing cycle will take a bit more time to flow through to economic stimulus.
* * Benchmark 10-year yields test 4% level, two-year yields rise. By Davide Barbuscia. U.S. Treasury yields rose on Wednesday on stronger-than-expected economic data and as investors locked in gains after a four-day bond market rally. Treasury yields inched higher after the data releases, which added selling pressure to a market already in consolidation mode after a string of gains.
Webull Corp (BULL) shares are trading higher Wednesday morning as investors continue to weigh the online brokerage's strong third-quarter results amid growing expectations for a Federal Reserve rate cut in December. What To Know: Webull (BULL) reported revenue of $156.9 million, up 55% year over year and ahead of $135.6 million in forecasts.
Demand for US durable goods waned in September, weighed down by weakness in the civilian aircraft segment, delayed official data showed Wednesday. Orders for tangible items with an average life of at least three years edged 0.5% higher sequentially to about $313.65 billion two months ago, the Census Bureau said. The latest jump, however, matched the consensus in a poll compiled by Bloomberg.
* Deutsche Bank raises 2026 gold forecast to $4,450 per ounce. * Spot gold hits highest since November 14. * Unemployment claims fall, but job market remains weak. By Anjana Anil and Noel John. Gold prices hovered near an over one-week high on Wednesday, after expectations that the U.S. Federal Reserve will trim interest rates next month kept non-yielding bullion a favoured asset.
Saskatchewan released its mid-year economic and fiscal update on Tuesday, with a projected FY26 budget deficit of $427 million, or 0.4% of gross domestic product, compared with a $12 million surplus in the budget, said Scotiabank. No new policy measures were announced. Projected spending is up $521 million compared with the budget forecast.
-Wall Street's main stock indexes opened higher on Wednesday, as investors parsed through a fresh batch of economic data and cemented expectations the Federal Reserve could cut interest rates in December.
Canada's main stock index opened higher on Wednesday, buoyed by gains in gold mining stocks, while growing confidence in an imminent interest rate cut from the U.S. Federal Reserve continued to fuel positive investor sentiment. At 9:31 a.m. ET, Toronto's S&P/TSX composite index was up 0.3% at 30,994 points.
Wall Street's main stock indexes opened higher on Wednesday, as investors parsed through a fresh batch of economic data and cemented expectations the Federal Reserve could cut interest rates in December.
S&P Global (SPGI) downgraded its rating of Tether, the world's largest stablecoin on Wednesday, citing an increase in higher-risk assets in its reserves and "persistent gaps in disclosure".
Doman Building Materials Group (CWXZF) entered Wednesday into an underwriting agreement with a syndicate of underwriters to sell an additional $170 million aggregate principal amount of its 7.50% Senior Unsecured Notes due September 17, 2029. In a statement DBM said the net proceeds from the issuance will be approximately $167 million.
* World stocks rise for fourth day running. * Sterling advances after UK budget. * Oil stabilises after fall on signs of Ukraine-Russia peace deal. By Marc Jones.
The world economy is undergoing transformative changes beyond U.S. tariffs and Europe needs to start finding growth at home because its traditional sources of income are drying up, European Central Bank chief economist Philip Lane said.
* China goes from buyer to competitor. * US tariffs rerouted Chinese goods to Europe. * Future is in building up domestic demand. By Carmel Crimmins. The world economy is undergoing transformative changes beyond U.S. tariffs and Europe needs to start finding growth at home because its traditional sources of income are drying up, European Central Bank chief economist Philip Lane said.
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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