AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of HDI Haftpflichtverband der Deutschen Industrie V.a.G. and its rated insurance subsidiaries.
NEW YORK, NY / ACCESS Newswire / December 12, 2025 / The global economy spent decades running on assumptions, and it worked until it didn't. Supply chains expanded faster than verification systems. Today's logistics environment is the result of those accumulated assumptions. And this week, SMX cracked one of the most stubborn examples of that nightmare.
Canadian trade revisions will add to Q3 gross domestic product growth, said Scotiabank. Instead of 2.6% quarter-over-quarter seasonally adjusted annual rate GDP growth in Q3, the country may be crossing 3% the next time Statistics Canada takes a swing at the numbers, noted the bank.
Belgian central securities depository Euroclear, which holds most of the Russian central bank assets frozen in Europe, can offset any seizure of its assets in Russia as a result of lawsuits with the Russian assets it holds in Belgium, a senior EU officials said.
The long-awaited September trade data came in even better than Statistics Canada's preliminary estimates, said Bank of Montreal. Not only did the trade balance improve from a $6.4 billion deficit to a $200 million surplus versus an estimated $1.25 billion shortfall in the Q3 gross domestic product figures, but volumes were also firmer, noted the bank.
Federal Reserve Bank of Philadelphia President Anna Paulson said Friday her main concern right now is the state of the job market, in remarks that also said the current state of monetary policy should help bring down inflation to the Fed's 2% target.
The US dollar rose against its major trading partners early Friday, except for a decline versus the Canadian dollar, ahead of a light schedule that includes only an appearance by Chicago Federal Reserve President Austan Goolsbee at 10:35 am ET and an expected update to the St. Louis Fed's gross domestic product Nowcast estimate for Q3 around midday.
Federal Reserve officials who voted against the U.S. central bank's interest rate cut this week said on Friday they are worried that inflation remains too high to warrant lower borrowing costs, particularly given the lack of recent official data about the pace of price increases.
Pasadena and the Rose Bowl Operating Co. are suing UCLA, saying plans to relocate football games to SoFi stadium could jeopardize $130 million in revenue bonds.
Federal Reserve Bank of Philadelphia President Anna Paulson said Friday her main concern right now is the state of the job market, in remarks that also said the current state of monetary policy should help bring down inflation to the Fed's 2% target.
U.S. investors bought equity funds for the first time in three weeks in the week through December 10 in anticipation of a policy rate cut by the Federal Reserve on Wednesday. They purchased a net $3.3 billion worth of U.S. equity funds during the week, closely reversing a net $3.52 billion outflow the prior week, LSEG Lipper data showed.
U.S. investors bought equity funds for the first time in three weeks in the week through December 10 in anticipation of a policy rate cut by the Federal Reserve on Wednesday. They purchased a net $3.3 billion worth of U.S. equity funds during the week, closely reversing a net $3.52 billion outflow the prior week, LSEG Lipper data showed.
Global equity funds attracted significant inflows in the week to December 10 as investors positioned for a potential Federal Reserve rate cut, despite lingering concerns over stretched tech valuations and heavy AI-related spending.
Global equity funds attracted significant inflows in the week to December 10 as investors positioned for a potential Federal Reserve rate cut, despite lingering concerns over stretched tech valuations and heavy AI-related spending.
* Euro and sterling rise as dollar weakens. * UK GDP data in focus. * Fed's less hawkish stance drags dollar. * Markets diverge from policymakers on rate cuts for next year. By Joice Alves.
* FTSE 100 up 0.3%; FTMC up 0.7% * Gold, silver miners soar on rate-cut hopes. * Weak UK GDP data fuels rate-cut bets. The main UK stock indexes rose on Friday, with a gauge of precious metal miners jumping to a record high following a stunning rally in gold and silver prices this year as traders priced in more U.S. interest rate cuts.
PNC Financial Services (PNC) has received approval from the Federal Reserve for its proposed acquisition of FirstBank Holding, the central bank said Thursday. The deal is subject to the approval of the Office of the Comptroller of the Currency, the Fed said. MT Newswires does not provide investment advice.
Futures for Canada's benchmark stock index edged higher on Friday after the index notched a record closing high in the previous session, in a week filled with highly anticipated central bank meetings. Canada's TSX index ended the prior session at 31,660.73 points, boosted by metal prices and domestic data, while the S&P 500 and Dow also posted record closes.
Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor. Hello Morning Bid readers!?. Federal Reserve Chair Jay Powell buoyed markets by executing that most rare of monetary policy moves:?the dovish 'hawkish cut'.?But the spectre of AI anxiety threatens to hold off a "Santa Claus" rally.
The S&P 500 and the Nasdaq closed down more than 1% on Friday with investors leaving?technology for other sectors as Broadcom (AVGO) and Oracle fueled concerns about an AI bubble and rising U.S. Treasury yields added pressure after some policymakers spoke out against easing monetary policy.
The Bank of England is set to impose a rate cut by 25bps next Thursday and the United Kingdom gross domestic product data released earlier Friday will certainly help reinforce those expectations, said MUFG. Real GDP contracted by 0.1% month over month in October, which followed a similar contraction in September.
* Futures: Dow up 0.17%, S&P 500 slips 0.20%, Nasdaq off 0.56% Futures tracking the S&P 500 and Nasdaq slid on Friday as chipmaker Broadcom's (AVGO) results sparked fresh worries about a potential artificial intelligence bubble, dampening investor optimism from a less hawkish Federal Reserve monetary policy decision earlier in the week.
Even if overall inflation slows next year as the U.S. Federal Reserve anticipates, President Donald Trump will still face political headwinds over the cost of living with home mortgage rates expected to remain comparatively high, tariff-related price increases on goods seen persisting through the first part of the year, and cost pressures building around items like beef and electricity that can...
* Jobs report due Tuesday, CPI out on Thursday. * Report on economy follows dovish Fed meeting. * S&P 500 hits record high, up 17% in 2025. By Lewis Krauskopf. A host of delayed employment, inflation and other data in the coming week will give a long-anticipated view of the U.S. economy that could help guide markets into year-end.
Societe Generale in its early Friday economic news summary pointed out: -- Foreign exchange majors rangebound, 10-year United States Treasuries steady at 4.15% after drop to 4.10% on Thursday on spike in weekly jobless claims. -- The United Kingdom October gross domestic product contracts 0.1% month over month, drops 0.1% three-month/over/three-month, below forecast.
* EU wants to use frozen Russian assets for loan to Ukraine. * Russian central bank says such a move would be illegal. * EU wants to freeze Russian assets indefinitely. * It currently must roll over the freeze every six months. By Jan Strupczewski.
* Silver hit record high at $64.32/oz. * Weekly jobless claims at 4-1/2-year highs. * Dollar hovers near two-month low. By Pablo Sinha. Gold prices rose to a seven-week high on Friday, bolstered by a soft dollar, expectations of interest rate cuts and safe-haven demand prompted by geopolitical turbulence, while silver hit a record high.
* Euro and sterling rise as dollar weakens. * UK GDP data in focus. * Fed's less hawkish stance drags dollar. * Markets diverge from policymakers on rate cuts for next year. By Joice Alves.
* November new loans at 390 bln yuan, vs forecast 500 bln yuan. * New loans dragged down by weak household borrowing. * November outstanding yuan loan growth at record low. * Chinese leaders pledge more stimulus next year. By Shi Bu and Kevin Yao.
Surgery Partners (SGRY) said late Thursday its Surgery Center subsidiary priced a private offering of $425 million of 7.25% senior unsecured notes due 2032. The company expects the offering to close Tuesday and plans to use the net proceeds for general corporate purposes. MT Newswires does not provide investment advice.
Chinese banks extended 390 billion yuan in new loans in November, up from 220 billion yuan in October but missing expectations, according to Reuters calculations based on data from the People's Bank of China on Friday. The figure was below the 500 billion yuan expected by analysts polled by Reuters and lower than the 580 billion recorded a year earlier.
* German bond yields rise as investors anticipate euro zone rate hike. * ECB not expected to deliver any change in rates. * US rate cuts widen opportunity for euro debt investments, strategists say. By Amanda Cooper.
European Union leaders meet for one last push to secure a deal and fund Ukraine with frozen Russian cash, while the United States releases overdue labour market and retail sales data. Meanwhile, central banks in the euro area, Japan, Britain, Norway, and Sweden hold their last get-together of the year.
The Bank of Japan will likely maintain a pledge next week to keep raising interest rates, but stress the pace of further hikes will depend on how the economy reacts to each increase, said three sources familiar with its thinking.
Yields on benchmark Japanese government bonds rose on Friday as markets anticipated an interest rate hike by the central bank next week. The 10-year JGB yield rose 2.5 basis points to 1.95% on Friday, still down from an 18-year high of 1.97% touched on Monday.
* Euro and sterling rise as dollar weakens. * Fed's less hawkish stance drags dollar. * Markets diverge from policymakers on rate cuts for next year. By Ankur Banerjee.
* Silver hits record high at $64.31/oz on Thursday. * Weekly jobless claims at 4-1/2-year highs. * All metals headed for weekly gains. By Ishaan Arora. Gold prices held near a seven-week high on Friday, supported by expectations of more interest rate cuts next year after the U.S. Federal Reserve pushed back against hawkish market bets, while silver hovered just below Thursday's record peak.
T1 Energy Inc. (TE) today announced the pricing of its previously announced underwritten public offerings of $140.0 million aggregate principal amount of its 5.25% convertible senior notes due 2030 and 28,282,830 shares of its common stock at a public offering price of $4.95 per share.
The U.S. dollar rose against major currencies on Friday after falling in recent sessions, but was still on track for its third straight weekly drop amid the prospect of interest rate cuts by the Federal Reserve next year. Sterling also eased after data showed the UK economy unexpectedly shrank in the three months to October.
* Euro and sterling rise as dollar weakens. * Fed's less hawkish stance drags dollar. * Markets diverse from policymakers on rate cuts for next year. By Ankur Banerjee.
Yields on benchmark Japanese government bonds were poised for their first weekly decline in two months on Friday as markets anticipated an interest rate hike by the central bank next week. The 10-year JGB yield rose 0.5 basis point to 1.930% on Friday, but still down from an 18-year high of 1.97% touched on Monday.
Major stock indexes fell on Friday, with technology-related shares dropping again as investors were wary of artificial intelligence bets, while the dollar edged higher and U.S. Treasury yields jumped.
Federal Reserve Chair Jerome Powell admitted on Wednesday that there is still no "risk-free" path for the central bank as it seeks to bring down stubbornly high inflation while also supporting an increasingly creaky labor market.
Surgery Partners, Inc. (SGRY) today announced that its wholly-owned subsidiary, Surgery Center Holdings, Inc., priced $425.0 million aggregate principal amount of its 7.250% senior unsecured notes due 2032 in a previously announced private offering exempt from the registration requirements of the Securities Act of 1933, as amended.
Royal Bank of Canada (RY) has outperformed the market over the past 5 years by 1.95% on an annualized basis producing an average annual return of 15.22%. Currently, Royal Bank of Canada (RY) has a market capitalization of $236.57 billion. Buying $1000 In RY: If an investor had bought $1000 of RY stock 5 years ago, it would be worth $2,032.62 today based on a price of $167.75 for RY at the time of writing.
* Oracle shares fall after quarterly results; Nasdaq down as well. * Dollar down against euro, other currencies in wake of Fed news Wed. * Treasury yields also fall. * Broadcom (AVGO) shares weaker after the bell. By Caroline Valetkevitch.
DIRTT Environmental Solutions Thursday said it signed an agreement with the Business Development Bank of Canada under which the lender has agreed to lend the company up to C$15 million. If finalized, DIRTT would receive the funds in staged funding of $10 million and $5 million.
A subsidiary of the Depository Trust & Clearing Corporation has received a "no action" letter from the U.S. Securities and Exchange Commission to offer a service to tokenize stocks, exchange-traded funds and bonds, which the company plans to roll out next year.
WSFS Financial (WSFS) said late Thursday it closed a public offering of $200 million of 5.375% fixed-to-floating rate senior unsecured notes due 2035. From Dec. 15, 2030, the rate will reset quarterly at an annual floating rate equal to the three-month term secured overnight financing rate, plus 189 basis points, the company said.
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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