European Central Bank policymakers were in no hurry to cut rates when they met last month as uncertainty remained exceptionally high and it was possible that no further easing would be needed, the accounts of their October 29-30 meeting showed on Thursday.
Russia's central bank said on Thursday that central banks in emerging markets were buying gold to diversify their international reserves due to an attempt by the G7 to use billions of dollars of frozen Russian assets.
Dream Industrial Real Estate Investment Trust, trading near 52 week highs, overnight Wednesday announced receipt of its issuer rating and senior unsecured debentures credit rating upgrade to BBB with Stable trends, from BBB, assigned by Morningstar DBRS.
* Dollar on defensive before Thanksgiving, Fed December cut eyed. * Euro edges down after hitting 1-1/2-week high. * Ukraine peace talks could hit the Swiss Franc. * Aussie gains on inflation data. By Stefano Rebaudo.
* Urals oil price discount to Brent up to 23% in November - c.bank. * Russia's oil output rises by October to 9.38 million bpd. Russia's Urals oil price discount to global benchmark Brent widened by six percentage points this month to 23%, Russian central bank said on Thursday it its review.
The United Kingdom Finance Minister Rachel Reeves made her "hotly" anticipated annual budget announcement on Wednesday, said ABN Amro. In it, she laid out a host of revenue-raising measures that kick in largely later in the budgeting horizon. Where Reeves did surprise -- and positively -- was in the amount of estimated headroom she has built up against her fiscal rules, stated ABN Amro.
* Traders see a 85% chance of US interest rate cut in December. * US consumer confidence falls in November. * Kevin Hassett, frontrunner for Fed Chair, says rates should be lower. By Noel John. Gold prices edged lower on Thursday, easing from a near two-week high hit in the previous session, while investors assessed the likelihood of a U.S. interest rate cut in December.
Consumer sentiment in Germany
will improve slightly in December as households show more
willingness to spend on Christmas gifts and festive
celebrations, though less rosy income prospects are ...
Societe Generale in its early Thursday economic news summary pointed out: -- US dollar drifts lower in Asia, DXY closed below 200dma on Wednesday, 10-year United States Treasury below 4.0%. 7Seven-year UST auction tailed 0.6bp, non-dealer bidding 86.9%. Sterling extends post-budget gains on bull flattening in 2s/10s and 10s/30s Gilts; 10-year steady at 4.42% after 7bps slide, Bank of England De...
* Traders see a 85% chance of US interest rate cut in December. * US consumer confidence falls in November. * Kevin Hassett, frontrunner for Fed Chair, says rates should be lower. By Noel John. Nov 27 - Gold prices were steady on Thursday, holding near a two-week high as investors assessed the likelihood of a U.S. interest rate cut in December.
* Stocks edge up, US rate cut expectations grow. * Yen perks up but intervention focus remains. * AI spending worries subside for now. * US markets closed for Thanksgiving holiday, trading more muted. By Amanda Cooper.
Euro zone bond yields steadied in early trading on Thursday, set for a second straight weekly decline, as activity across most markets thinned out in light of the U.S. Thanksgiving holiday, while investors increasingly bank on a December rate cut by the Federal Reserve.
PARIS, Nov. 27, 2025 On December 16?17, 2025, Paris will host the 9th Conference of Paris, organized by the International Economic Forum of the Americas. STRENGTHENING AMBITION IN A CHANGING WORLD The 9th edition of the Conference of Paris takes place in a context marked by unprecedented economic, technological, and geopolitical challenges.
* Dollar on defensive before Thanksgiving, Fed December cut eyed. * Euro edges down after hitting 1-1/2-week high. * Kiwi rises on hawkish central bank shift. * Aussie gains on inflation data. By Tom Westbrook and Stefano Rebaudo.
Shanghai copper extended gains to a fourth straight session on Thursday, as fresh hopes for a December interest rate cut by the U.S. Federal Reserve continued to support sentiment. The most-traded copper contract on the Shanghai Futures Exchange closed daytime trading up 0.35% to 86,990 yuan per metric ton, after hitting 87,300 yuan earlier this session, the highest since November 14.
* Kevin Hassett, frontrunner for Fed Chair, says rates should be lower. * 85% chance of a rate cut in December - CME FedWatch tool. * Weekly jobless claims fell last week. By Ishaan Arora.
* Asian stocks shine as U.S. rate cut expectations grow. * Yen perks up but intervention focus remains. * China property stocks down as Vanke seeks extension. By Ankur Banerjee.
* Asian stocks shine as U.S. rate cut expectations grow. * Yen perks up but intervention focus remains. * China property stocks down as Vanke seeks extension. By Ankur Banerjee.
Remy Cointreau's new CEO outlined a series of strategic changes on Thursday, including lowering prices to sell more cognac, and said the worst was over for the embattled French spirits maker in its key U.S. market.
-J.P. Morgan said on Wednesday?it now expects the U.S. Federal Reserve to deliver a 25-basis-point rate cut in December, reversing its earlier call that policymakers would stay on hold until January.
Japanese government bond yields fell on Thursday after less hawkish remarks from a Bank of Japan board member, while regular reshuffling of key bond indexes supported demand for super-long bonds. The five-year yield fell 1.5 basis points to 1.320% after hitting a 17-year high in the previous session. The two-year JGB yield was flat at 0.975%, after hitting a 17-year high on Wednesday.
HO CHI MINH CITY, Vietnam---- The Vietnam Centre for the Fourth Industrial Revolution, established by the World Economic Forum and the People?s Committee of Ho Chi Minh City, and Ant International today announced a strategic partnership through a Memorandum of Understanding to advance Vietnam?s digital economy, foster innovation, and support Ho Chi Minh City?s ambition to become an internationa...
* Asian stocks shine as U.S. rate cut expectations grow. * Yen frail as intervention focus sharpens. * China property stocks down as Vanke seeks extension. By Ankur Banerjee.
-The U.S. dollar headed for its steepest weekly drop in four months on Thursday as investors bet on further monetary easing, amid pressure from President Donald Trump to cut rates. The yen edged 0.10% higher to 156.33 per dollar, helped by a hawkish turn in tone from Bank of Japan officials. U.S. markets are shut for Thanksgiving, leaving liquidity thin and amplifying trading moves.
* Dollar on defensive before Thanksgiving, Fed December cut eyed. * Kiwi rises on hawkish central bank shift. * Aussie gains on inflation data, tracks China's yuan. By Tom Westbrook.
Stocks in Europe edged up on Thursday, while the dollar held steady, as investor confidence in a Federal Reserve rate cut next month kept sentiment upbeat, which also helped keep bitcoin above its recent lows. A holiday-shortened week has limited some of the activity across markets.
* Asian stocks shine as U.S. rate cut expectations grow. * Yen frail as intervention focus sharpens. * Eyes on China property sector after Vanke seeks extension. By Ankur Banerjee.
This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release.
By Saqib Iqbal Ahmed. Making sense of the forces driving global markets. By Saqib Iqbal Ahmed, Correspondent, Americas Finance and Markets. Jamie is enjoying some well-deserved time off, but the Reuters markets team will still keep you up to date on what animated markets today. Today's Key Market Moves.
US equity indexes rose for the fourth straight day on Wednesday, albeit amid thin volumes, as weakness in economic data continued to support elevated expectations for a December interest-rate cut.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments.
Major equity indexes rose on Wednesday, marking the fourth consecutive day of gains on Wall Street as the technology sector advanced, with the Federal Reserve likely to cut rates in December.
Commercial Metals (CMC) said late Wednesday it closed an offering of $1 billion of 5.75% senior notes due Nov. 15, 2033, and $1 billion of 6% senior notes due Dec. 15, 2035. The company said it plans to use the net proceeds from the offering to fund its acquisition of Foley Products and for general corporate purposes. MT Newswires does not provide investment advice.
* 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.
IRVING, Texas, Nov. 26, 2025 ?Commercial Metals Company (CMC) announced today that it has closed its previously announced offering of $1,000 million in aggregate principal amount of 5.75% Senior Notes due 2033 and $1,000 million in aggregate principal amount of 6.00% Senior Notes due 2035 in an offering exempt from the registration requirements of the Securities Act of 1933, as amended.
US equity indexes closed higher Wednesday amid broad market gains ahead of the Thanksgiving holiday, as expectations for a Federal Reserve interest rate cut in December remained strong.
* Major US stock indexes post fourth straight session of gains. * Dell gains after strong revenue, profit forecasts. * Workday, Deere slide after results. By Stephen Culp.
Financial stocks were advancing in late Wednesday afternoon trading, with the NYSE Financial Index adding 1.2% and the Financial Select Sector SPDR Fund rising 1.1%. The Philadelphia Housing Index was climbing 1.7%, and the Real Estate Select Sector SPDR Fund was up 0.9%. Bitcoin was increasing 3.1% to $90,049, and the yield for 10-year US Treasuries was slightly lower at 4%. In economic news, ...
Beneath the U.S. bond markets' composure around the prospect of White House economic adviser Kevin Hassett becoming the next Federal Reserve chair lies a niggling worry that his bias for interest rate cuts will undermine the dollar.
* Kevin Hassett emerges as frontrunner for Fed chair, with his odds on betting sites jumping. * Hassett seen as dovish on rates, could weaken the dollar over time. * Investors are not worried about Fed independence yet. * Some on Wall Street hope Hassett's traditional economics background will keep policy grounded. By Saqib Iqbal Ahmed.
Most Federal Reserve districts saw "little" change in economic activity since mid-October as overall employment fell slightly, the US central bank said in its latest Beige Book released Wednesday. Out of the 12 Fed districts, two reported a modest drop in economic activity, while one saw growth, according to the document, prepared by the Dallas Fed based on data collected by Nov. 17.
Financial stocks were advancing in late Wednesday afternoon trading, with the NYSE Financial Index adding 1.2% and the Financial Select Sector SPDR Fund rising 1.1%. The Philadelphia Housing Index was climbing 1.7%, and the Real Estate Select Sector SPDR Fund was up 0.9%. Bitcoin was increasing 3.1% to $90,049, and the yield for 10-year US Treasuries was slightly lower at 4%. In corporate news,...
* Fed report shows slight decline in employment in recent weeks. * Government shutdown hampered demand in some Fed districts, report says. * Policymakers divided heading into December 9-10 meeting.
Latin American assets extended their
rally on Wednesday, as investors remained confident that the
Federal Reserve would cut rates in December, while Brazil's
annual inflation fell within the ...
* UK bond rally influences US Treasury market. * US economic data boosts Treasury yields. * Fed rate cut expected despite strong economic indicators. By Davide Barbuscia. NEW YORK, Nov 26 - U.S. Treasury yields were mixed on Wednesday as stronger-than-expected economic data fueled selling, but a sharp rally in UK government bonds helped limit the downside for longer-dated U.S. debt.
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.
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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