Japanese markets could be jolted next year if the central bank finds itself "behind the curve" in taming inflation, according to BlackRock Japan's chief investment strategist Yuichi Chiguchi. "They will have to chase it," Chiguchi said of BOJ policymakers.
* Souring risk mood sends Aussie, cryptos sliding. * Fed outcome less hawkish than expected. * Dollar soft; euro, sterling hit new highs. * Fed to start buying Treasury bills to manage market liquidity. By Rae Wee.
Whatever the Federal Reserve does from here - even after cutting rates on Wednesday and signaling one further cut - borrowing costs elsewhere are rising again as the global interest-rate cycle turns. No matter what you think is in store in 2026, it probably won't be a year of the bond. Just this week, European Central Bank hawks suggested that higher rates are the next likely move.
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Emerging Asian equity markets traded mixed on
Thursday, while currencies held steady as market participants digested
less-hawkish-than-feared comments from U.S. Federal Reserve Chair Jerome ...
After three consecutive interest rate cuts, investors now confront an uncertain U.S. monetary policy outlook for the year ahead, clouded by persistent inflation, data gaps, and an impending leadership change at the Federal Reserve.
A look at the day ahead in European and global markets from Ankur Banerjee. Whisper it quietly, but worries around a tech bubble might just resurface after Oracle earnings disappointed investors even as AI spending shows no signs of easing, underscoring the challenge the sector faces in turning spending into profits.
A look at the day ahead in European and global markets from Ankur Banerjee. Whisper it quietly, but worries around a tech bubble might just resurface after Oracle earnings disappointed investors even as AI spending shows no signs of easing, underscoring the challenge the sector faces in turning spending into profits.
The Indian rupee weakened on Thursday, weighed down by outflows tied to near-term dollar payments by local corporates, which offset the positive impulse from the Federal Reserve's rate cut and less-hawkish-than-anticipated commentary. The rupee weakened nearly 0.3% to 90.21 against the U.S. dollar, as of 10:30 a.m. IST.
* Fed outcome less hawkish than feared. * Dollar falls; euro, sterling hit new highs. * Fed to start buying Treasury bills to manage market liquidity. * Souring risk mood sends cryptos sliding. By Rae Wee.
The Indian rupee is expected to open stronger on Thursday, tracking gains in Asian peers after an anticipated U.S. Federal Reserve rate cut and a less-hawkish-than-feared outlook triggered a broad retreat in the dollar. The 1-month non-deliverable forward indicated the rupee will open near 89.85 range versus the dollar, after having settled at 89.9650 in the previous session.
Copper outperformed its base metal peers with a price gain of more than 1% on Thursday, supported by a softer dollar after the U.S. Federal Reserve cut interest rates.
Hong Kong's de-facto central bank lowered on Thursday its base interest rate by 25 basis points to 4.0%, in line with a cut by the U.S. Federal Reserve, but major lenders declined to pass on the reduction to customers. Hong Kong's monetary policy moves in lock-step with the United States as the city's currency is pegged to the greenback in a tight range of 7.75-7.85 per dollar.
Stocks slid on Thursday after disappointing earnings at U.S. cloud computing giant Oracle sounded a warning for AI profitability, while bonds were firm and the dollar nursed losses after the Federal Reserve cut U.S. interest rates. Oracle shares tumbled more than 11% after hours, dragging S&P 500 futures 0.9% lower and Nasdaq 100 futures down 1.3% in Asia trade.
The U.S. Federal Reserve may not give President Donald Trump all the rate cuts he wants, but the view of the economy policymakers included in new economic projections on Wednesday should buoy the administration nonetheless with its outlook for faster growth, lower inflation and steady unemployment heading into the 2026 midterm elections.
The World Bank on Thursday said China's economy held firm in the third quarter of 2025, bringing year-to-date GDP growth to 5.2% year on year. In its latest China Economic Update, the lender estimated full-year growth at 4.9% and forecast 4.4% for 2026, citing persistent headwind. Recent fiscal steps and steadier global trade policies are likely to underpin investment and exports, it said.
The U.S. dollar stumbled on Thursday, hitting multi-month lows against the euro, Swiss franc, and sterling and extending losses from the previous session, after the Federal Reserve delivered a less hawkish outlook than some had expected. The Swiss franc drew support from the Swiss National Bank's decision to hold interest rates steady.
The stock market experienced a day of mixed results as the?S&P 500?and the?Nasdaq?indices reacted to the Federal Reserve?s decision to cut interest rates by 25 basis points. The Federal Open Market Committee?s revised guidance suggests a more cautious approach to future rate adjustments, indicating potential delays or smaller cuts.
* Fed outcome less hawkish than feared. * Dollar slides; euro, sterling hit new highs. * Fed to start technical buying of Treasury bills to manage market liquidity. By Rae Wee. The dollar fell on Thursday after the Federal Reserve delivered an outlook that was not as hawkish as some had anticipated, giving investors confidence to short the currency as they bet on two more rate cuts next year.
Gold prices rose on Thursday after the U.S. Federal Reserve cut interest rates, even as policymakers remained split on the outlook for further easing next year, while silver notched another record high. FUNDAMENTALS. * Spot gold rose 0.3% to $4,242.39 per ounce as of 0040 GMT. * U.S. gold futures for February delivery gained 1.1% to $4,271.30 per ounce.
The global interest rate landscape is suddenly looking a lot less benign than it did only a few weeks ago, suggesting 2026 could be much more volatile than investors had bargained for.
Major stock indexes jumped while U.S. Treasury yields declined on Wednesday after the Federal Reserve cut interest rates as expected and investors remained hopeful about further cuts ahead, even as the central bank signaled?it will likely pause reductions for now. The U.S. dollar was lower against major currencies.
The Hong Kong Monetary Authority on Thursday lowered its base interest rate charged via the overnight discount window by 25 basis points to 4.0%, tracking a cut by the U.S. Federal Reserve. Hong Kong's monetary policy moves in lock-step with the United States as the city's currency is pegged to the greenback in a tight range of 7.75-7.85 per dollar.
* Fed lowers rates, signals pause and one 2026 cut. * US stocks end higher after Fed decision, Powell comments. * Dollar, yields fall. By Caroline Valetkevitch.
* Brazil's benchmark rate stands near two-decade high of 15% * Investors scour little-changed statement for clues on cuts. * Inflation forecast trimmed to 3.2% in mid-2027, near 3% target. By Marcela Ayres.
The Federal Reserve's move to expand its balance sheet again by buying Treasury bills is expected to ease money-market strains, calming investor worries that years of bond-portfolio runoff had drained too much liquidity from the financial system.
US equity indexes rose on Wednesday after the Federal Reserve cut interest rates for the third straight time, while placing a timeline on the end of quantitative tightening and raising the outlook for economic growth next year.
The dollar sank and Wall Street rallied on Wednesday, with the small-cap Russell 2000 index surging to new highs, after the Fed cut interest rates and Chair Jerome Powell offered a positive outlook on the path for growth and inflation. 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.
The Dow Jones Industrial Average notched its biggest single-day gain in about two weeks on Wednesday, advancing along with Wall Street's other major equity benchmarks after the Federal Reserve cut interest rates. The Dow climbed 1.1% to 48,057.8, marking its best day since Nov. 25. Barring utilities and consumer staples, all sectors ended higher, led by industrials and materials.
The dollar sank and Wall Street rallied on Wednesday, with the small-cap Russell 2000 index surging to new highs, after the Fed cut interest rates and Chair Jerome Powell offered a positive outlook on the path for growth and inflation. 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.
* Indexes close higher: Dow 1.05%, S&P 500 0.67%, Nasdaq x 0.33% * Federal Reserve cuts rates by 25 basis points, cites labor weakness. * GE Vernova (GEV) surges after bullish 2026 revenue forecast. By Sin?ad Carew and Johann M Cherian.
Wall Street ended higher on Wednesday,? after the Federal Reserve cut interest rates by a quarter percentage point as expected and investors bet on further easing down the road even as the central bank signaled that it will put further cuts on pause for now.
Brazil's central bank held interest rates at a nearly two-decade high on Wednesday for the fourth consecutive meeting, and kept its hawkish tone unchanged by stressing the need to maintain borrowing costs steady "for a very prolonged period."
The Toronto Stock Exchange closed at a fresh record high on Wednesday, this time after the Bank of Canada, as RBC put it, delivered a "well-telegraphed, widely-expected" hold on rates, although the balance of risks was seen to have shifted from hold/cut possibilities to hold/hike.
Banks Celebrate Decades-Long Relationship with Multicity Event. The Federal Home Loan Bank of Dallas and Red River Bank are celebrating a milestone: $12 million in FHLB Dallas grants delivered over 25 years to support affordable housing, disaster recovery and economic development in communities across Louisiana. This press release features multimedia.
* * Two-year yield poised for biggest drop in two months. * US labor costs rise slightly less than expected. By Chuck Mikolajczak. U.S. Treasury yields fell on Wednesday, after the Federal Reserve cut interest rates but signaled it will likely hold off on further reductions, in a move that was largely anticipated by market participants.
The U.S. dollar fell 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, but indicated it ...
* Loonie gains 0.4% against the U.S. dollar. * Touches its strongest since September 22. * BoC leaves its policy rate on hold at 2.25% * Canadian bond yields ease across the curve. By Fergal Smith.
Muni yields were little changed, and have barely moved over the past several trading sessions, said Kim Olsan, senior fixed income portfolio manager at NewSquare.
US equity indexes closed higher Wednesday after a divided Federal Reserve cut interest rates for the third straight meeting. * With the policy rate now within the neutral ranges, the Federal Open Market Committee has time to observe how the US economy evolves as more data are released, Chair Jerome Powell said at a press conference.
Gulf central banks cut key interest rates by 25 basis points on Wednesday, mirroring a move by the U.S. Federal Reserve to reduce rates by a quarter of a percentage point in another divided vote.
Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, raised the odds on Wednesday that the Federal Reserve will pause its easing cycle at the next policy meeting in January. Futures priced in a 78% chance the Fed will hold interest rates steady, compared with a 70% probability just before Wednesday's rate cut announcement.
* Indexes rally after Federal Reserve policy update. * Fed cuts rates by 25 basis points. * GE Vernova (GEV) surges after bullish 2026 revenue forecast. * Oracle, Broadcom (AVGO) results awaited this week. By Sin?ad Carew and Johann M Cherian.
Financial stocks advanced in late Wednesday afternoon trading, with the NYSE Financial Index rising 1.5% and the State Street Financial Select Sector SPDR ETF adding 1.3%. The Philadelphia Housing Index was climbing 3.1%, and the State Street Real Estate Select Sector SPDR ETF was up 0.7%. Bitcoin was rising 0.9% to $93,565, and the yield for 10-year US Treasuries fell 2 basis points to 4.16%. ...
Bitcoin is spiked briefly to $94,000 after the Federal Reserve cut interest rates by 25 basis points. Notable Statistics: Notable Developments: Trader Notes: Crypto trader Michael van de Poppe said traders are sticking to the standard FOMC playbook ? avoid leverage, avoid trading the announcement, expect the first move to be a head-fake, and wait for the real trend to form in the following days.
The U.S. dollar fell 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, but indicated it will likely pause its easing cycle at the next policy meeting in January.
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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