Brazil's joint budget committee late on Wednesday approved a 2026 primary surplus target of 0.25% of gross domestic product in the budget guidelines bill. * Brazil would aim for a first positive annual balance since President Luiz Inacio Lula da Silva took office in 2023 for his current term.
* Silver hit a record high of $58.98/oz on Wednesday. * US private payrolls fell by 32,000 jobs data on Wednesday showed. * U.S. weekly jobless claims due at 1330 GMT today. By Pablo Sinha.
* Fed expected to cut rates amid weak economic data. * U.S. dollar rebounds from five-week low. * Japanese stocks lead gains, Nikkei up 2% as Fanuc (FANUF) soars. By Gregor Stuart Hunter and Amanda Cooper.
The Bank of England said on Thursday that it was launching a stress test of how the $16 trillion global private equity and private credit industries would deal with a major financial shock.
Greece's jobless rate fell to 8.2% in the third quarter from 8.6% in the second quarter, data by the country's statistics service ELSTAT showed on Thursday. The jobless rate for women was 10.6% versus 6.2% for men in the third quarter. About 59.0% of Greece's 393,162 jobless are long-term unemployed, meaning they have been out of work for at least 12 months, the figures showed.
* Stocks up 0.2%, currencies flat. * Ukraine's dollar bonds steady. * European equities recover. By Niket Nishant. Emerging market stocks rose on Thursday, drawing cautious interest as investors assessed shifting global risk appetite and a flurry of Ukraine-related developments. The MSCI index of emerging market equities was up 0.2% and the corresponding currencies gauge was little changed.
Bank of America India has received approval from the country's central bank for the appointment of Vikram Sahu as its chief executive, Reuters reported Wednesday, citing an internal memo it has seen. Bank of America India named Sahu as CEO in March, though a formal Reserve Bank of India approval was pending, according to the report. The company declined to comment.
First Majestic Silver (AG) said late Wednesday it priced a $300 million offering of unsecured convertible senior notes due 2031 at par. The Canadian company intends to issue notes worth $350 million, if an overallotment option is fully exercised. First Majestic said it plans to use the net proceeds to repurchase part of its 0.375% convertible senior notes due 2027, among other things.
Shift4 Payments (FOUR) said late Wednesday it has priced a private offering of 435 million euros principal amount of 5.5% senior notes due 2033 at an issue price of 102.5%. The notes will be issued in addition to an existing 680 million euros principal amount of 5.5% senior notes due 2033 issued in May. Net proceeds will be used for general corporate purposes, the company said.
Euro zone government bond yields edged higher on Thursday, tracking U.S. Treasuries, as investors focused on the Federal Reserve's policy outlook ahead of key U.S. jobs data later in the day.
Euro zone government bond yields edged higher on Thursday, tracking U.S. Treasuries, as investors focused on the Federal Reserve's policy outlook ahead of key U.S. jobs data later in the day.
Bank of Japan chief Kazuo Ueda used diplomacy and nodded to the dangers of inflation and a weak yen to sell his plan for a December rate hike to Prime Minister Sanae Takaichi, who only last year called rate hikes "stupid".
ZUG, Switzerland---- Galderma Group AG (GDERF), the pure-play dermatology category leader, today announced that S&P Global Ratings has assigned the company a ?BBB? long-term issuer credit rating with a positive outlook. The rating reflects Galderma?s strong track record of growth and its leading positions across Injectable Aesthetics, Dermatological Skincare and Therapeutic Dermatology.
Check Point Software Technologies Ltd. (CHKP), a pioneer and global leader of cyber security solutions, today announced the pricing of $1.75 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2030 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
The Bank of Japan is likely to raise interest rates in December with the government expected to tolerate such a decision, three government sources familiar with the deliberations said. The BOJ looks set to proceed with a hike in its policy rate to 0.75% from 0.5%, which was flagged by Governor Kazuo Ueda in a speech on Monday, the sources said.
The Bank of Japan is likely to raise interest rates in December with the government expected to tolerate such a decision, three government sources familiar with the deliberations said. The BOJ looks set to proceed with a hike in its policy rate to 0.75% from 0.5%, which was flagged by Governor Kazuo Ueda in a speech on Monday, the sources said.
* Weak US data bolsters rate cut expectations. * Euro the major winner amid dollar decline in 2025. * Yen intervention worries ease but BOJ rate path remains uncertain. By Ankur Banerjee.
The U.S. dollar edged up against a basket of currencies on Thursday but stayed close to the five-week low touched earlier in the session as investors braced for a Federal Reserve rate cut next week. Investors widely expect a rate cut when the Fed meets next week and will be watching for signals on the policy path ahead.
* Weak US data bolsters rate cut expectations. * Hassett's appointment as next Fed Chair worry investors. * Euro the major winner amid dollar decline in 2025. By Ankur Banerjee.
Oil prices settled up on Thursday on investors' expectations for the Federal Reserve to cut interest rates, while stalled Ukraine peace talks tempered expectations of a deal restoring Russian oil flows.
* Fed expected to cut rates amid weak economic data. * U.S. dollar hits five-week low, continues decline. * Japanese chipmakers rise after Trump-Nvidia CEO meeting. By Gregor Stuart Hunter.
Shift4 Payments, Inc. (FOUR), a leader in integrated payments and commerce technology, today announced that its subsidiaries, Shift4 Payments (FOUR), LLC and Shift4 Payments Finance Sub, Inc., have priced an offering of ?435 million aggregate principal amount of 5.500% senior notes due 2033.
Kimco Realty?, a real estate investment trust and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, today announced the company achieved an ?A3? credit rating with a stable outlook from Moody?s Ratings, placing Kimco (KIM) among a select group of REITs with A-level ratings from the three largest ratings agencies.
The Argentine subsidiary of Mexico's Vista Energy priced $400 million in bonds with an 8.5% interest rate due 2033, the company said on Wednesday, with the sale expected to close on December 10.
The Federal Home Loan Bank of Dallas, Comerica Bank and New Hope Housing joined community leaders Tuesday to celebrate the grand opening of NHH Ennis, a new affordable housing community for seniors in Houston, Texas. This press release features multimedia.
The U.S. Census Bureau said on Wednesday it was adopting several strategies, including shortening the window for Principal Federal Economic Indicators collection, to get economic data back to their original release schedule "as quickly as possible."
Stocks rose while U.S. bond yields and the dollar fell on Wednesday, after surprisingly weak private sector jobs data increased the likelihood that the Federal Reserve will lower interest rates again next week. More on that below. If you have more time to read, here are a few articles I recommend to help you make sense of what happened in markets today. Today's Key Market Moves.
Stocks rose while U.S. bond yields and the dollar fell on Wednesday, after surprisingly weak private sector jobs data increased the likelihood that the Federal Reserve will lower interest rates again next week. More on that below. If you have more time to read, here are a few articles I recommend to help you make sense of what happened in markets today.
ATLANTA, Dec. 3, 2025 /PRNewswire/ --?The Q4 Cox Automotive Dealer Sentiment Index reveals a significant decline in dealer confidence as economic and market challenges persist. Key Findings from Q4 2025 CADSI Q4 closes a turbulent year for automotive retail.
US equity benchmarks rose on Wednesday, with the Dow Jones Industrial Average notching its highest closing level in three weeks as fresh economic data bolstered expectations for a Federal Reserve interest rate cut next week. The Dow climbed 0.9% to 47,882.9, its strongest finish since Nov. 12.
Avolon Holdings Limited, a leading global aviation finance company, announces the pricing of a private offering by its wholly owned subsidiary, Avolon Holdings Funding Limited, for a principal aggregate amount of US$850 million of 4.700% senior unsecured notes due 2031. The Notes will be fully and unconditionally guaranteed by Avolon, and by certain of its subsidiaries.
Essex Property Trust (ESS) said Wednesday its operating partnership Essex Portfolio has priced an underwritten public offering of $350 million of 4.875% senior notes due 2036. The notes were priced at 99.093% of par value with a yield to maturity of 4.988%, the company said, adding the offering is expected to close on Dec. 12.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. We increase our 12-month target price by CAD31 to CAD215, 17.8x our FY 26 EPS view, a premium to its five-year forward P/E of 10.6x given expected efficiency gains and improving revenue diversity. MT Newswires does not provide investment advice.
* Wall Street stocks finish higher. * Dollar drops again as investors bet on dovish Fed under Hassett. * Brent crude settles higher. * Spot gold hovers around $4,200 per ounce. By Chibuike Oguh. NEW YORK, Dec 3 - Global shares rose while U.S. Treasury yields fell after weak economic data solidified expectations of a Federal Reserve interest rate cut.
Essex Property Trust, Inc. (ESS) announced today that its operating partnership, Essex Portfolio, L.P., priced an underwritten public offering of $350.0 million aggregate principal amount of 4.875% senior notes due 2036.
The muni market is dealing with elevated supply this week and secondary flows have "reacted in tandem," said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.
Celanese Corporation (CE), a global chemical and specialty materials company, today announced that its subsidiary, Celanese US Holdings LLC, has priced a registered offering of $1.4 billion aggregate principal amount of notes, including $600 million aggregate principal amount of 7.000% Senior Notes due 2031 and $800 million aggregate principal amount of 7.375% Senior Notes due 2034.
Fastly, Inc. (FSLY) today announced its intention to offer, subject to market and other conditions, $125.0 million aggregate principal amount of convertible senior notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
* Investors assess ADP employment and ISM services reports. * Microsoft (MSFT) pares declines after disputing report about AI sales quotas. * Small caps outperform. By Chuck Mikolajczak. U.S. stocks advanced to close higher on Wednesday, as a flurry of economic data kept expectations elevated for an interest rate cut by the Federal Reserve next week, while a fall in Microsoft's (MSFT) shares curbed the advance.
Carvana Co (CVNA) shares are trading higher on Wednesday as stocks across sectors gain on growing conviction that the Federal Reserve will cut interest rates at next week's policy meeting.
Financial stocks gained in late Wednesday afternoon trading with the NYSE Financial Index rising 0.7% and the Financial Select Sector SPDR Fund adding 1.4%. The Philadelphia Housing Index climbed 2.2%, and the Real Estate Select Sector SPDR Fund eased 0.2%. Bitcoin rose 1.8% to $92,958, and the yield for 10-year US Treasuries decreased 3.3 basis points to 4.062%. In economic news, the Institute...
Bank of America Global Research expects the global economy to enter 2026 with more momentum than investors anticipate, calling for stronger U.S. and China growth, continued AI-driven investment, and a shift in market leadership. After a strong 2025 across U.S. and international markets, investors are questioning how much fuel remains in the rally.
The U.S. dollar's status as a global reserve currency could be undermined by the country's reduced support for its friends and military allies, Bank of England policymaker Catherine Mann said on Wednesday. "If you can't depend on a certain country to be your ally, then why are you holding their currency in reserve?"
AM Best has upgraded the Financial Strength Rating to A+ from A and the Long-Term Issuer Credit Ratings to ?aa-? from ?a+? of the property/casualty subsidiaries of CNA Financial Corporation (CNA) [NYSE: CNA], collectively known as CNA Insurance Companies, and the members of Western Surety Group. CNA is considered the lead rating unit in the CNAF enterprise.
* Market to continue to focus on labor market weakness. * US services sector index flat; jobs index still in contraction. * US 2/10 yield curve little changed, but still in steepening bias. * US rate futures price in 91 bps of rate cuts next year. By Gertrude Chavez-Dreyfuss.
Bond investors have expressed concerns to the U.S. Treasury that Kevin Hassett could aggressively cut interest rates to align with President Donald Trump's preferences, the Financial Times reported on Wednesday, citing several people familiar with the conversations.
Latin American currencies hit a record high on Wednesday
against a softer dollar, while equities also advanced on growing
expectations of a U.S. Federal Reserve rate cut next week, with
regional ...
Bond investors have expressed concerns to the U.S. Treasury that Kevin Hassett could aggressively cut interest rates to align with President Donald Trump's preferences, the Financial Times reported on Wednesday, citing several people familiar with the conversations.
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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