The University of Michigan's preliminary consumer sentiment index rose to 53.3 in December from 51.0 in November, above expectations for a smaller increase to 52.0 in a survey compiled by Bloomberg as of 7:35 am ET.
The Canadian labor market continued an impressive streak of hiring in November, with 54,000 jobs added and the unemployment rate falling sharply to 6.5%, said CIBC after Friday's Labour Force Survey.
Canada will release the Labour Force Survey for November at 8:30 a.m. ET on Friday, said Scotiabank. Consensus is for a 2,500 decline for jobs, while the bank estimates 15,000 job losses. LFS gets revised only once per year, unlike rolling monthly revisions in the United States. The BoC looks at trends, especially for such a "noisy" report, pointed out the bank.
The US dollar fell against its major trading partners early Friday, except for a gain versus the yen, ahead of the release of delayed personal income, spending and price data for September and the preliminary University of Michigan consumer sentiment index for December, all at 10:00 am ET.
Last week, Statistics Canada slipped major revisions to previous data into its gross domestic product release, said Rosenberg Research. Growth for 2022, 2023, and 2024 was each revised upwards by about 0.5%, meaning that GDP by the end of 2024 was a total of 1.7% higher than previously estimated.
The Regents of the University of California will sell $2 billion of bonds next week after yanking a $1.5 billion summer deal amid Trump administration threats.
Canada is scheduled to release the Labour Force Survey for November at 8:30 a.m. ET on Friday, said Bank of Montreal. Following a surprisingly strong 66,600 net gain in October, the bank looks for employment to decline by 5,000 -- Bloomberg consensus is for a 2,500 decline.
European bourses tracked higher midday Friday, en route to a fourth-straight day of gains, as traders weighed odds for a rate cut from the US Federal Reserve next week, and digested a positive report on the overall European economy. Tech stocks led gains on continental trading floors, while oil and property shares lagged.
Crude oil prices edged lower but U.S. benchmark West Texas Intermediate prices are headed for a weekly gain on Friday amid expectations of a U.S. Federal Reserve interest rate cut and tensions between the U.S. and Venezuela.
Asian stock exchanges largely gained on Friday on rising expectations that the Federal Reserve will cut rates at its mid-December meeting, following recent soft US labor market reports. Hong Kong and Shanghai finished in the green, while Tokyo fell back.
Banco Santander's senior executive, Alexsandro Broedel Lopes, is being investigated by Brazil's central bank over fraud allegations made by his former employer, Itau Unibanco, the Financial Times reported Friday, citing a document. Broedel, who is Itau's former finance chief, was accused of siphoning funds through an arrangement with an external consultant he hired for the bank.
The CNN Money Fear and Greed index showed some easing in the overall fear level, while the index remained in the ?Fear? zone on Thursday. U.S. stocks settled mixed on Thursday, with the Nasdaq Composite gaining around 50 points during the session ahead of next week?s widely expected Federal Reserve rate cut.
US equity indexes traded mixed on Thursday as a contrast in labor market data weighed on market expectations for next week's monetary policy easing, pushing government bond yields higher.
Kinross Gold Corporation (KGCRF) announced today that Moody?s Investors Service has upgraded the senior unsecured rating of Kinross to Baa2 from Baa3. In its announcement, Moody?s noted Kinross? scale and production profile, low financial leverage and conservative financial policies as key factors driving the upgrade.
US equities ended mixed on Thursday as markets digested the latest labor market data, while keeping bets for a Federal Reserve interest rate cut largely intact. The Nasdaq Composite rose 0.2% to 23,505.1, while the S&P 500 edged up 0.1% to 6,857.1 -- both advancing for a third consecutive day. Among sectors, health care and consumer staples saw the biggest drop, while industrials led the gainers.
US equity indexes were mixed Thursday as investors weighed jobs data amid a rise in most government bond yields. * Initial jobless claims last week dropped to 191,000 for the week, the lowest since September 2022, down from a revised 218,000 the previous week and below 220,000 expected in a Bloomberg survey.
Robust issuance this year has contributed to muni underperformance relative to other asset classes, but it also has "improved after-tax relative value for investors in higher tax brackets," said Sam Weitzman of Western Asset.
Race and sex-based preferences were removed from the state's Historically Underutilized Business program, which will focus exclusively on veteran-owned firms.
Royal Bank of Canada (RY) shares were up about 2.7% in recent Thursday trading after TD Cowen upgraded the stock to buy from hold. Trading volume stood at more than 753,000 shares, compared with a daily average of nearly 1.1 million. Price: 160.98, Change: +4.30, Percent Change: +2.74. MT Newswires does not provide investment advice.
Gold edged higher midafternoon on Thursday as treasury yields rose ahead of key U.S. inflation data coming Friday and next week's interest-rate decision from the Federal Reserve. Gold for February delivery was last seen up US$8.80 to US$4,241.30 per ounce.
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 0.5% and the Financial Select Sector SPDR Fund up 0.3%. The Philadelphia Housing Index was declining 0.9%, and the Real Estate Select Sector SPDR Fund was increasing 0.1%. Bitcoin was shedding 1.1% to $92,088, and the yield for 10-year US Treasuries was rising 4.6 basis points to 4.10%. In econom...
Dozens of lawmakers are bailing out of Congress before the midterm elections adding new wrinkles to the fading possibility of a second budget reconciliation which could require revenue raisers detrimental to the muni market.
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 0.5% and the Financial Select Sector SPDR Fund up 0.2%. The Philadelphia Housing Index was declining 0.9%, and the Real Estate Select Sector SPDR Fund was increasing 0.1%. Bitcoin was shedding 1.2% to $92,323, and the yield for 10-year US Treasuries was rising 4 basis points to 4.10%. In corporat...
The US housing market is expected to benefit from improved affordability in 2026 amid pent-up demand, Zillow (ZG) said Thursday. The online real estate marketplace is looking at a 4.3% increase in existing home sales in 2026 to 4.26 million units from this year's projected total. Pent-up housing demand is expected following years of limited inventory and elevated mortgage rates, according to Zillow.
German Bunds followed the global trend lower on Thursday, even after retail-sales figures suggested a soft start to household spending in Q4, said Daiwa Capital Markets. Friday will bring an updated estimate of eurozone gross domestic product growth in Q3.
US stock indexes were mixed in late-morning trading Thursday, as a run of recently released jobs data has raised investors' confidence that the Federal Reserve will cut interest rates at its December meeting.
The European stock markets closed higher in Thursday trading as the Stoxx Europe rose 0.51%, Germany's DAX gained 0.85%, the FTSE 100 increased 0.19%, France's CAC advanced 0.43%, and the Swiss Market Index was up 0.27%. The HCOB Eurozone Construction PMI Total Activity Index, which tracks monthly changes in industry activity, rose to 45.4 in November, from 44.0 in October.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.19%. ?Mortgage rates decreased for the second straight week as we emerged from the Thanksgiving holiday,? said Sam Khater, Freddie Mac?s Chief Economist.
"The Nominating Committee's goal is to achieve broad representation of the municipal securities market on the MSRB Board of Directors," the committee's chair said.
Endeavour Silver Corp. (EXK) announced today the closing of its previously announced offering of US$350 million aggregate principal amount of 0.25% unsecured convertible senior notes due 2031, which includes the exercise in full of the US$50 million option granted to the initial purchasers of the Notes.
Market expectations for next year's Federal Reserve policy have quietly shifted in recent weeks, and the tone has grown noticeably more dovish. Investors now anticipate roughly two and a half rate cuts in 2026, according to the CME FedWatch tool, a mix that essentially means two cuts are fully baked in, while a third is hovering with meaningful probability.
Nomura said it believes the rate-cutting cycle at the Reserve Bank of New Zealand has most likely ended. The reasons for this forecast are that, one, the economy is now commencing what appears to be an enduring recovery, and, second, monetary policy is now in accommodative territory, while as third, inflation is still at the top of the RBNZ's target band and forecast to decline only slowly.
Ripple CEO Brad Garlinghouse argues the bearish mood around Bitcoin is temporary and completely out of sync with the structural tailwinds supporting the market. What Happened: Speaking at Binance Blockchain Week 2025, Garlinghouse said the U.S., which accounts for over one-fifth of global GDP, is undergoing a historic shift from anti-crypto hostility to pro-crypto regulation.
Gold traded lower early on Thursday as treasury yields rose ahead of key U.S. inflation data coming Friday and next week's interest-rate decision from the Federal Reserve. Gold for February delivery was last seen down US$9.00 to US$4,223.50 per ounce.
US initial jobless claims fell to a level of 191,000 in the week ended Nov. 29 from an upwardly revised 218,000 level in the previous week, compared with expectations for an increase to 220,000 in survey of analysts compiled by Bloomberg as of 7:35 am ET. The level of initial claims was the lowest since the week ended Sept. 24, 2022, when it was 189,000.
TD Securities raised its price target on National Bank of Canada (NTIOF) to $181 from $161 on Thursday. Analyst Mario Mendonca maintained a Hold rating on shares of the Canadian bank following its Q4 results. "NA beat our estimate on strong trading revenue," Mendonca said in a note to clients.
Royal Bank of Canada (RY) was upgraded to Buy from Hold at TD Securities on Thursday. Analyst Mario Mendonca raised his price target on shares of the Canadian bank to $246 from $215 following its Q4 results on Wednesday. "Overall, a strong quarter for RY," Mendonca said in a note to clients.
The US dollar fell against its major trading partners early Thursday, except for a gain versus the Canadian dollar, ahead of the release of weekly jobless claims at 8:30 am ET, delayed factory orders data for September at 10:00 am ET, and weekly natural gas stock inventory data at 10:30 am ET.
US equity markets mostly edged higher before the opening bell Thursday amid growing expectations for a Federal Reserve interest rate cut next week following recent labor and economic data.
Resulting ION.au assets will be deployed into large-scale tokenization and stablecoin programs across I-ON's expanding open-finance network, underscoring accelerating institutional demand for its regulated, gold-backed digital asset platform.
Royal Bank of Canada (RY) has an average rating of overweight and mean price target of CA$226.92, according to analysts polled by FactSet. MT Newswires does not provide investment advice.
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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