A look at the day ahead in European and global markets from Rae Wee. Much of investors' attention for the week has been on the Federal Reserve's rate decision, but for a brief moment on Wednesday, focus in currency markets turned to the yen. The yen looked punch-drunk in Asia after a sudden spill overnight that saw it fall to a record low against the euro and slide nearly 0.9% against the Aussie.
A look at the day ahead in European and global markets from Rae Wee. Much of investors' attention for the week has been on the Federal Reserve's rate decision, but for a brief moment on Wednesday, focus in currency markets turned to the yen. The yen looked punch-drunk in Asia after a sudden spill overnight that saw it fall to a record low against the euro and slide nearly 0.9% against the Aussie.
* Nikkei slips in nervous Asia trade, S&P futures flat. * Fed seen cutting 25bps, focus on dots and Powell. * Yen shaky after stumble takes it to record low on euro. * Silver's bull run breaks more chart barriers. By Wayne Cole.
* Silver hits record high of $61.46/oz. * Silver crossed $60/oz for the first time on Tuesday. * White House adviser Hassett says 'plenty of room' to cut rates. By Ishaan Arora.
Major stock indexes added to gains while U.S. Treasury yields extended declines on Wednesday after the Federal Reserve cut interest rates and signalled it will likely pause further reductions in borrowing costs. The U.S. dollar stayed lower. However, policymakers have been weighing signs of a cooling labor market against concerns about inflation risks.
* Nikkei slips in nervous Asia trade, S&P futures dip. * Fed seen cutting 25bps, focus on dots and Powell. * Yen shaky after stumble takes it to record low on euro. * Silver's bull run breaks more chart barriers. By Wayne Cole.
* CPI rises to 21-month high on food price spike. * PPI still stuck in negative territory. * Deflationary trend expected to persist through to next year. * More policy support expected as domestic demand remains weak.
Japan's broad Topix gauge of shares touched a record high before turning lower in tentative trading on Wednesday, as investors awaited key central bank decisions at home and abroad.
U.S. stock futures are down on Tuesday night ahead of the Federal Open Market Committee?s key interest rates decision on Wednesday. All three major indices are currently in the red, with?Nasdaq Futures?down 0.19%, or 49 points, trading at 25,650.75, while the?S&P 500 Futures?are down 0.08% and 5.25 points, at 6,843.00, followed by the?Dow Jones Futures?at 47,594.00, down 0.04% or 19 points.
China's annual consumer inflation accelerated to a 21-month peak in November, mainly driven by food prices, while factory-gate deflation deepened, with underlying trends suggesting domestic demand remains weak and unlikely to recover in the near term.
China's annual consumer inflation accelerated in November while producer deflation persisted, official data showed on Wednesday, as policymakers extended their campaign to curb overcapacity. The consumer price index rose 0.7% from a year earlier, National Bureau of Statistics data showed, matching a 0.7% expansion in a Reuters poll of economists.
U.S. President Donald Trump on Tuesday asked his treasury secretary to investigate whether his predecessor Joe Biden used an autopen to sign the appointments of some Democratic members of the Federal Reserve's Board of Governors.
The U.S. dollar extended losses against major peers including the euro, Swiss franc, and Japanese yen on Wednesday after the Federal Reserve lowered interest rates in a widely expected move.
* Yen nurses losses after broad fall overnight. * BOJ expected to hike in December, but future moves uncertain. * Dollar, other currencies rangebound ahead of Fed outcome. By Rae Wee.
U.S. President Donald Trump said he has heard that his predecessor Joe Biden used an autopen to sign the appointments of some Democratic members of the Federal Reserve's Board of Governors and suggested he could challenge the legality of those appointments.
Short-term Japanese government bond yields hit a 17-year high on Wednesday on increasing certainty that the central bank would resume interest rate hikes at its meeting next week. The two-year JGB yield rose 0.5 basis point to 1.07%, the highest since July 2007.
The Federal Reserve is widely expected to trim interest rates on Wednesday, but if Chair Jerome Powell wants to give markets an added holiday surprise, here's one option: about $45 billion of monthly short-term bill purchases. That's the out-of-consensus call from Bank of America's rates strategists. Bank reserves peaked at $4.27 trillion in 2021, and have recently fallen as low as $2.83 trillion.
* Investors consider Nvidia (NVDA) decision. * Investors cautious ahead of central bank meetings. * Fed rate cut all but certain, focus moves to outlook. By Caroline Valetkevitch. Most major stock indexes dipped, while the dollar and U.S. Treasury yields edged higher on Tuesday before a likely interest rate cut from the Federal Reserve but also possibly hawkish comments from policymakers.
U.S. President Donald Trump on Tuesday said he would be meeting with "a couple" candidates to replace Jerome Powell as Federal Reserve chair. "I'm going to be looking at a couple different people but I have a pretty good idea of who I want," Trump told reporters aboard Air Force One while on the way to an event in Pennsylvania.
Antero Midstream (AM) said late Tuesday it priced an upsized private placement of $600 million in 5.75% senior unsecured notes due 2034. The company expects net proceeds of about $593 million. It plans to use the proceeds, along with other borrowings and disposal, to fund the acquisition of HG Energy II Midstream. The offering is expected to close on Dec. 23.
WSFS Financial (WSFS) said late Tuesday it has priced an underwritten public offering of $200 million of its fixed-to-floating rate senior unsecured notes due 2035. Net proceeds will be used to repay $150 million of its fixed-to-floating rate senior unsecured notes due 2030, and for general corporate purposes, the company said. The offering is expected to close Dec. 11, it added.
DENVER, Dec. 9, 2025 Antero Midstream Corporation? announced today the pricing of its upsized private placement to eligible purchasers of $600 million in aggregate principal amount of 5.75% senior unsecured notes due 2034 at par. Antero Midstream (AM) estimates that it will receive net proceeds of approximately $593 million, after deducting the initial purchasers' discounts and estimated expenses.
WSFS Financial Corporation (WSFS), the parent company of WSFS Bank, today announced the pricing of its underwritten public offering of $200 million aggregate principal amount of its Fixed-to-Floating Rate Senior Unsecured Notes due 2035.
U.S. President Donald Trump will soon launch a final round of interviews for Federal Reserve chair, the Financial Times reported on Tuesday. Trump and Treasury Secretary Scott Bessent are scheduled to meet with former Fed governor Kevin Warsh on Wednesday, the FT reported, citing three senior administration officials.
U.S. President Donald Trump will soon launch a final round of interviews for Federal Reserve chair, the Financial Times reported on Tuesday. Trump and Treasury Secretary Scott Bessent are scheduled to meet with former Fed governor Kevin Warsh on Wednesday, the FT reported, citing three senior administration officials.
U.S. stocks, bonds and the dollar held relatively steady on Tuesday as investors braced for the Federal Reserve's policy decision on Wednesday, while surprisingly hawkish remarks from Australia's central bank governor rocked markets there. 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.
U.S. stocks, bonds and the dollar held relatively steady on Tuesday as investors braced for the Federal Reserve's policy decision on Wednesday, while surprisingly hawkish remarks from Australia's central bank governor rocked markets there. 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.
US equity indexes closed mixed on Tuesday, with basic materials and consumer defensive leading sector charts ahead of the highly anticipated third consecutive interest-rate cut from the Federal Reserve.
* Indexes mixed: Dow falls 0.38%, S&P 500 off 0.09%, Nasdaq adds 0.13% * JPMorgan (JPM) shares fall most since early April after expense comments. * U.S. to allow Nvidia H200 chip shipments to China. * Warner Bros fight heats up with $108 bln hostile bid from Paramount. * Investors assess JOLTS data. By Sin?ad Carew and Johann M Cherian.
US equity benchmarks ended mixed Tuesday as traders digested fresh labor market data, a day before the Federal Reserve announces its monetary policy decision. The Dow Jones Industrial Average fell 0.4% to 47,560.3, while the S&P 500 dropped 0.1% to 6,840.5 -- both closing lower for the second straight day.
* TSX ends up 0.2% at 31,244.37. * Materials group rises 2% as silver hits record high. * Anglo American and Teck Resources (TECK) approve merger. * Energy falls 1.1% as oil settles lower. By Fergal Smith. Dec 9 - Canada's main stock index advanced on Tuesday, led by metal mining shares, but the move was limited ahead of interest rate decisions by the Bank of Canada and the Federal Reserve.
Constellation Energy Generation, LLC, a Pennsylvania limited liability company, announced today that it has commenced private offers to exchange any and all of the outstanding 4.625% Senior Unsecured Notes due 2029, 5.000% Senior Unsecured Notes due 2031 and 3.750% Senior Secured Notes of Calpine Corporation, a Delaware corporation, for, to the extent held by eligible noteholders, newly issued ...
Dime Community Bancshares, Inc. (DCOM), the parent company of Dime Community Bank, announced it has received approvals from the Federal Reserve Bank of New York and the New York State Department of Financial Services to open a branch location in Locust Valley. The new branch, which will be located at 85 Forest Avenue, will be staffed by Liz Materia.
Fifth Third Bancorp (FITB) today announced a strategic acquisition that will enhance its ability to finance multifamily housing across the United States.
Mechanics Bancorp (MCHB) announced today that its subsidiary Mechanics Bank has entered into a definitive agreement to sell its Fannie Mae Delegated Underwriting and Servicing business line to Fifth Third Bancorp (FITB) in an all-cash transaction.
While muni returns moved lower last week, year-to-date returns still hover around 4%, said Jason Wong, vice president of municipals at AmeriVet Securities.
* JP Morgan shares turn red after expense comments. * U.S. to allow Nvidia H200 chip shipments to China. * Warner Bros fight heats up with $108 bln hostile bid from Paramount. * Investors assess JOLTS data. By Sin?ad Carew and Johann M Cherian.
CHICAGO, Dec. 9, 2025 Ziegler, a specialty investment bank, is pleased to announce the successful pricing of Beacon Hill at Eastgate's $175,000,000 Series 2025 Bonds through the Economic Development Corporation of the City of Grand Rapids.
Market Intelligence analyst Jeff Lipton finds that low debt burdens, stronger rainy-day funds, improved pension metrics and robust legal safeguards help states remain a core source of stability and diversification for muni portfolios despite slowing growth and fiscal headwinds.
Financial stocks were decreasing in late Tuesday afternoon trading, with the NYSE Financial Index easing 0.1% and the State Street Financial Select Sector SPDR ETF down 0.3%. The Philadelphia Housing Index was falling 1.5%, and the State Street Real Estate Select Sector SPDR ETF was down 0.4%. Bitcoin was increasing 2.6% to $93,019, and the yield for 10-year US Treasuries rose 1 basis point to ...
* Investors consider Nvidia (NVDA) decision. * Investors cautious ahead of central bank meetings. * Fed rate cut all but certain, focus moves to outlook. By Caroline Valetkevitch and Alun John.
The U.S. dollar advanced on Tuesday as better-than-expected
job-market figures underscored a still resilient labor market
ahead of the Federal Reserve's anticipated rate cut, ...
Financial stocks were decreasing in late Tuesday afternoon trading, with the NYSE Financial Index easing 0.1% and the State Street Financial Select Sector SPDR ETF down 0.3%. The Philadelphia Housing Index was falling 1.5%, and the State Street Real Estate Select Sector SPDR ETF was down 0.4%. Bitcoin was increasing 2.6% to $93,019, and the yield for 10-year US Treasuries rose 1 basis point to ...
The National Association of REALTORS? unveiled the top 10 homebuying hot spots for 2026 in a new report, Housing Hot Spots for 2026: The Markets Poised for New Buyer Opportunities. The 10 markets were selected based on economic, demographic and housing factors.
Eli Lilly (LLY) said on Tuesday it will invest more than $6 billion in a new active drug ingredient manufacturing facility in Huntsville, Alabama, to expand U.S. production and bolster medicine supply chains.
* Job openings rise unexpectedly. * * Market anticipates 'hawkish cut' with higher bar for future cuts. By Chuck Mikolajczak. Most U.S. Treasury yields advanced on Tuesday, erasing earlier declines after a report on the labor market and before a Federal Reserve policy announcement in which the central bank is largely expected to cut interest rates.
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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