September's trade data confirms that net trade was a tailwind for real GDP growth, with the door opened to a modest upside revision to Q3 GDP, and also confirms the broader recovery in Canadian exports following April's plunge, TD Economics said Thursday. TD noted Canadian trade data is back on the docket after the U.S. government shutdown delayed its release last month.
Rate-market pricing swung sharply after Wednesday's Federal Reserve meeting. On Thursday, retail prediction market Polymarket showed the probability of no change in January jumping to 82%, leaving just 18% odds of a 25-basis-point cut. Fed funds futures moved in the same direction, though with a slightly softer skew.
State-level data released by the Bureau of Labor Statistics Thursday showed the unemployment rate rose in eight states in September, fell in two and held steady elsewhere. The largest unemployment rate declines were in Delaware, Maryland, New Jersey, New York, and West Virginia, where it dipped by 0.2 percentage point, and fell by 0.1 percentage point in Florida, Montana and Pennsylvania.
Weekly applications for unemployment insurance in the US rose more than expected, while continuing claims fell to the lowest level since mid-April, government data showed Thursday. For the week ended Dec. 6, the seasonally adjusted number of initial claims climbed by 44,000 to 236,000, the Department of Labor said.
For months, President Donald Trump has insisted that America's huge trade deficit could be tamed with one blunt tool: tariffs. In September, the numbers finally moved his way. New figures from the Census Bureau on Thursday show the U.S. trade deficit narrowed to $52.8 billion in September, the smallest gap since June 2020.
Surgery Partners (SGRY) said Thursday its Surgery Center unit plans to offer an additional $425 million in 7.250% senior unsecured notes due 2032. The company said the notes will be guaranteed on a senior unsecured basis by each domestic wholly owned unit that backs its senior secured credit facilities.
Image: Bexback. Following the Federal Reserve?s December 10 rate cut, cryptocurrency markets have entered a period of renewed volatility and rising trading volume. Advantages of 100x Leverage Crypto Futures 1. ??Amplified Profits: Control large positions with a small amount of capital, capturing more profits from market fluctuations.
The Bank of Canada left interest rates unchanged on Wednesday, as expected, said Commerzbank. At the same time, the BoC indicated that rates are likely to stay where they are for some time, wrote the bank in a note to clients.
Gold traded higher early on Thursday as the dollar and treasury yields weakened after the Federal Reserve, as expected, cut U.S. interest rates by 25 basis points a day earlier. Gold for February delivery was last seen up US$19.30 to US$4,244.00 per ounce.
Canada's merchandise trade deficit with the world went from a deficit of $6.4 billion in August to a surplus of $153 million in September, as exports increased 6.3% month over month, while imports were down 4.1% month over month, said the country's statistical agency on Thursday.
The US international trade deficit narrowed to $52.83 billion in September from a $59.27 billion gap in August, compared with a larger $63.1 billion gap expected in a survey compiled by Bloomberg as of 7:10 am ET. Exports rebounded in the month on large gains in industrial supplies and consumer goods, offset by a large drop in capital goods exports, particularly for computers.
US initial jobless claims rose to a level of 236,000 in the week ended Dec. 6 from an upwardly revised 192,000 level in the previous week, compared with expectations for a smaller increase to 220,000 in survey of analysts compiled by Bloomberg. The four-week moving average rose by 2,000 to 216,750 after falling by 9,250 to a level of 214,750 in the previous week.
Surgery Partners, Inc. (SGRY), a leading short-stay surgical facility owner and operator, announced today that Surgery Center Holdings, Inc., a wholly owned subsidiary of the Company, intends to offer, subject to market and other considerations, an additional $425.0 million aggregate principal amount of its 7.250% senior unsecured notes due 2032.
Canada will release international merchandise trade data for September at 8:30 a.m. ET on Thursday, said Scotiabank. Normally, markets get the United States advance merchandise figures before the full set of accounts that are due on Thursday, but that advance report was a casualty of the recent U.S. government shutdown, noted the bank.
Canada will publish the long-awaited merchandise trade for September at 8:30 a.m. ET on Thursday, incorporating United States data on imports and some price components that were delayed due to the U.S. government shutdown, said Bank of Montreal. Statistics Canada produced its own estimates for the Q3 GDP figures, which suggested the deficit narrowed from $6.3 billion to $1.25 billion in September.
The changing climate is increasing insurance rates for residents and cities and lowering property values in areas that face more frequent and intense disasters.
BondBloxx Investment Management, a provider of precision fixed income ETFs with over $6 billion in assets, today released its 2026 Fixed Income Market Outlook providing advisors and investors with insights and investment ideas for the year ahead.
Turkey's central bank Thursday said its Monetary Policy Committee has decided to reduce the policy rate -- the one-week repo auction rate -- by 150bps to 38.0%. The MPC also lowered the Central Bank overnight lending rate from 42.5% to 41.0% and the overnight borrowing rate from 38.0% to 36.5%, noted CBT.
US equity markets were trending lower before Thursday's opening bell as Oracle's financial results reignited concerns about the artificial intelligence trade, erasing some of the gains sparked by the Federal Reserve's recent rate cut. The S&P 500 declined 0.5%, the Dow Jones Industrial Average ticked down 0.2% and the Nasdaq fell 0.8% in premarket activity.
Two central banks, two different policy announcements on Wednesday, said Bank of Montreal. Both -- Bank of Canada and the Federal Reserve -- are potentially setting up a stable 2026, stated BMO. The BoC left rates unchanged at 2.25%, and said as clearly as possible that it's comfortable on hold at these levels unless something drastically changes.
UBS continues to face support for stricter proposed banking regulations by the Swiss National Bank, Reuters reported Thursday, citing the vice-chairman of the Swiss central bank. "We believe that these measures are appropriate and targeted," Antoine Martin reportedly told Reuters regarding new proposed capital and risk management requirements for large Swiss banks like UBS.
Eni said Thursday its board approved a potential issuance of up to 1 billion euros worth of hybrid subordinated bonds. The bonds may be issued in one or more tranches by June 30, 2027, the energy company said. Eni plans to use the proceeds for general corporate purposes. MT Newswires does not provide investment advice.
EUR/USD ended slightly higher after the Federal Reserve policy meeting on Wednesday, said ING. Also helping has been a string of European Central Bank optimists referencing growth surprising on the upside, noted ING. An additional ECB rate cut has now been priced out, but it may be far too early for markets to have the confidence to price in 2026 ECB rate hikes, wrote the bank in a note.
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.
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 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 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.
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.
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.
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%. ...
AST SpaceMobile Inc (ASTS) shares are trading higher Wednesday afternoon, climbing 3.6% immediately following the Federal Reserve?s decision to cut interest rates by 25 basis points. What To Know: The Fed?s move to lower the federal funds target range to 3.5%-3.75% has ignited a rally across high-beta sectors, including space technology.
After rate cuts at the last three Federal Open Market Committee meetings, the policy rate is in the range of neutral, giving the FOMC time to observe how the US economy evolves as more data are released, Federal Reserve Chair Jerome Powell said Wednesday at a press conference.
The Federal Reserve reduced its benchmark lending rate by 25 basis points Wednesday amid continued concerns about the health of the labor market, while policymakers reiterated their median rate expectations through 2028.
The Federal Reserve reduced its benchmark lending rate by 25 basis points Wednesday amid continued concerns about the health of the labor market. The central bank's Federal Open Market Committee lowered interest rates to a range of 3.50% to 3.75%, in line with Wall Street's expectations and marking a third straight quarter-percentage-point cut.
J.P. Morgan Asset Management is about to engage in some serious product renovation, announcing plans to turn four U.S. mutual funds into ETFs next year. These proposed conversions represent approximately $4.6 billion in assets as of Oct 31, and encompass municipal bond, preferred securities, and equity strategies-what the firm describes as ideal ETF candidates.
The Federal Open Market Committee lowered the federal funds rate target by 25 basis points to a range of 3.50% to 3.75%, its statement Wednesday afternoon showed. Three officials dissented with Governor Stephen Miran preferring a larger 50-basis point reduction, while Chicago Fed President Austan Goolsbee and Kansas City Fed President Jeffrey Schmid preferred no change.
The Federal Reserve cut interest rates by 25 basis points to 3.5%?3.75%, delivering a third consecutive reduction that met expectations but exposed a widening policy divide?within the central bank. Policymakers decided to ease borrowing costs again, even as inflation remains elevated, citing a softer labor market as the reason.
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.
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