The yen strengthened overnight Sunday ahead of this week's Bank of Japan policy meeting on Friday, said MUFG. USD/JPY has fallen back toward support at the 155.00 level, wrote the bank in a note to clients. The survey revealed that business sentiment in Japan remained resilient in the face of trade disruption.
US equity investors will focus on labor market and inflation data while tuning in to the Federal Reserve speeches and keeping an eye on key corporate results this week, implying no dearth of stimulus as the year slowly comes to a close. * Key quarterly earnings reports due include Micron Technology (MU), Accenture (ACN), Nike (NKE), FedEx (FDX), Paychex (PAYX), Carnival, and Lennar.
Euro zone industrial output growth accelerated in October, bolstering views that the bloc is picking up momentum as trade uncertainty is dissipating, the labour market remains tight and consumption is inching up. Industry expanded by 0.8% on the month after a 0.2% increase in September, in line with expectations, data from the EU's statistics agency Eurostat showed on Monday.
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 zone, Japan, Britain, Norway, and Sweden hold their last get-together of the year.
* Central banks including ECB, BOJ, BOE, Riksbank and Norges Bank due to meet. * Delayed US data including jobs and inflation to resume. * China Vanke bondholder vote renews concerns around property sector. By Lawrence White.
* BoE, ECB, BOJ to announce rate decisions. * US nonfarm payrolls, inflation data due. * Yen rises; pound and euro steady. * Trump says leaning towards Warsh or Hassett for Fed Chair. By Rae Wee and Amanda Cooper.
Swiss economic growth will slow in 2026, the KOF Institute at ETH in Zurich forecast on Monday, as the positive impact of the agreement to reduce U.S. tariffs is offset by a deterioration in the international outlook. For 2025, KOF expects the Swiss economy to grow by 1.4%, when the effect of sporting events is removed, before slowing to 1.1% in 2026 and then rising to 1.7% in 2027.
Euro zone government bond yields slipped on Monday as investors braced for a week packed with central bank policy meetings and Tuesday's U.S. jobs data that may shape the Federal Reserve's policy outlook. The European Central Bank and the Bank of England will hold their meetings on Thursday while the Bank of Japan will announce its decision on Friday.
* Russian central bank files claim in Moscow court. * Seeks $230 billion from Euroclear over seized assets. * EU wants to use Russian assets for loan to Ukraine. * Russia has warned of retaliation over 'theft' of assets. By Elena Fabrichnaya and Gleb Bryanski.
A rare event of two G7 central banks moving in opposite directions on interest rates this week might seem like a slam-dunk currency bet. But the sterling/yen cross has ignored the narrowing UK-Japan rate gap all year. Since the middle of last year, the difference between the main policy interest rates of the Bank of Japan and Bank of England has narrowed by 165 basis points.
* BoE, ECB, BOJ set to announce rate decisions. * US nonfarm payrolls, inflation data due. * Yen rises; New Zealand dollar falls. * Trump says leaning towards Warsh or Hassett for Fed Chair. By Rae Wee.
Japanese government bonds were little changed in quiet and largely directionless trading on Monday, ahead of an expected Bank of Japan interest rate hike later in the week. The 10-year JGB yield lost 0.5 basis point to 1.945%, hovering not far from an 18-year high of 1.97% reached a week earlier.
* BoE, ECB, BOJ announce rate decisions this week. * US nonfarm payrolls, inflation data due. * Dollar holds near two-month low; euro, sterling steady. * Trump says leaning toward Warsh or Hassett for Fed Chair. By Rae Wee.
Gold extended gains on Monday, supported by a weaker dollar and softer U.S. Treasury yields, as investors looked ahead to key U.S. jobs data for clues on the Federal Reserve's policy path, while silver steadied after a record-breaking run last week. Spot gold rose 0.4% to $4,320.65 an ounce by 0319 GMT. U.S. gold futures gained 0.6% to $4,354.00 an ounce.
* Central banks including ECB, BOJ, BOE, Riksbank and Norges Bank due to meet. * Delayed US data including jobs and inflation to resume. * China Vanke bondholder vote renews concerns around property sector. By Gregor Stuart Hunter.
China's factory output growth slowed to a 15-month low, while retail sales posted their worst performance since the country abruptly ended its draconian "zero-COVID" curbs, highlighting the urgent need for new growth drivers heading into 2026.
* Factory output, retail sales grow at weakest pace in over a year. * Data highlight weak domestic demand, record trade surplus. * Policymakers face rising calls to reduce export reliance. * China growth expected to remain weak in 2026. By Joe Cash.
China's industrial output in November rose 4.8% year-on-year, slowing from the 4.9% growth in October, while retail sales growth slowed, official data showed on Monday. The industrial output data, released by the National Bureau of Statistics, missed a 5.0% increase forecast in a Reuters poll.
Property investment in China fell 15.9% year-on-year in the first 11 months, widening from the 14.7% drop in the January-to-October period, official data showed on Monday. Property sales by floor area declined 7.8% year-on-year, after falling 6.8% in the first 10 months. New construction starts measured by floor area dropped 20.5% year-on-year, compared with a 19.8% fall in January to October.
Gold rose on Monday, supported by softer U.S. Treasury yields, while silver steadied after a record-setting spree last week. FUNDAMENTALS. * Spot gold rose 0.3% to $4,313.08 per ounce by 0119 GMT. * Gold has gained about 64% this year, shattering multiple records and making it one of the best-performing assets of 2025. * U.S. gold futures gained 0.39% to $4,344.80 per ounce on Monday.
China's new home prices extended a decline in November, official data showed on Monday, indicating that a recovery in demand remains elusive despite the government vowing to stabilise the sector. Prices fell 0.4% month-on-month, according to Reuters calculations based on National Bureau of Statistics data, compared with a 0.5% decline in October.
The U.S. dollar edged lower against rivals including the yen and Swiss franc on Monday in a week packed with central bank decisions and U.S. data that could shed light on the Federal Reserve's near-term policy outlook. The dollar was last down 0.31% against the yen, trading at 155.345 to the dollar.
* BoE, ECB, BOJ announce rate decisions this week. * US nonfarm payrolls, inflation data due. * Dollar holds near two-month low; euro, sterling steady. * Trump says leaning toward Warsh or Hassett for Fed Chair. By Rae Wee.
MSCI's global equities gauge fell slightly with U.S. Treasury yields on Monday as investors were shy about taking big bets as they waited for the week's busy schedule of U.S. economic data releases including the jobs report and retail sales as well as the latest inflation reading.
* Central banks including ECB, BOJ, BOE, Riksbank and Norges Bank due to meet. * Delayed US data including jobs and inflation to resume. * China Vanke bondholder vote renews concerns around property sector. By Gregor Stuart Hunter.
Big Japanese manufacturers' business sentiment hit a four-year high in the three months to December, a closely watched survey showed on Monday, reinforcing market expectations the central bank will raise interest rates this week.
* Big manufacturers' sentiment index +15 vs previous +14. * Big non-manufacturers' index +34, unchanged from September. * Firms expect business conditions to worsen three months ahead. * Tankan reinforces dominant view BOJ to hike rates this week. By Leika Kihara.
* Jobs data due Tuesday, CPI out on Thursday. * Reports on economy come after Fed rate cut. * Tech slide drags on stocks at end of week, following S&P 500 record. 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.
As the week ends, it?s time to catch up on the top stories that shaped the week. Michael Burry, the investor who famously predicted the 2008 housing collapse, has raised a red flag about the U.S. banking system. Read the full article?here. President Donald Trump?s persistent use of tariffs as a tool to address America?s trade deficit finally paid off in September.
The U.S. Supreme Court's conservative justices appear ready to endorse President Donald Trump's power to fire a regulatory agency official despite job protections given by Congress.
The U.S. Supreme Court's conservative justices appear ready to endorse President Donald Trump's power to fire a regulatory agency official despite job protections given by Congress.
Financial stocks were mixed in late Friday afternoon trading, with the NYSE Financial Index shedding 0.3% and the State Street Financial Select Sector SPDR ETF rising 0.1%. The Philadelphia Housing Index was shedding 0.5%, and the State Street Real Estate Select Sector SPDR ETF was easing 0.1%. Bitcoin was falling 2.6% to $90,118, and the yield for 10-year US Treasuries rose 5 basis points to 4...
The Trump administration officially rolled out an Executive Order laying out federal policy on Artificial Intelligence which cements fears from states worried about the loss of broadband funding tied to the Bipartisan Infrastructure Law.
Chicago Fed President Austan Goolsbee and his Kansas City counterpart, Jeffrey Schmid, said Friday that they dissented from a majority on the Federal Open Market Committee this week due to inflation risks. Goolsbee and Schmid voted in favor of leaving interest rates steady earlier this week, when the FOMC eased its monetary policy for the third straight meeting.
Global X Management Company launched the Global X Gold Miners ETF (AUAU) on Wednesday, offering an additional investment choice within gold and silver mining stocks as gold prices soar. The news comes at a time when gold prices have been trending near historical highs due to geopolitical tensions, uncertain global economic forecasts, and shifts in central bank policy.
Chicago Fed President Austan Goolsbee said that he dissented at the December meeting in favor of no rate change because he was uncomfortable front loading too many rate cuts and urged patience to assure that inflation is back on a path to 2%. Goolsbee said that the unemployment rate has been fairly stable and that there is low risk that the job market will fall apart overnight, while at the sam...
US benchmark equity indexes were lower intraday as the technology sector tumbled amid a post-earnings selloff in Broadcom (AVGO), while markets parsed remarks by Federal Reserve officials.
Financial stocks were falling in Friday afternoon trading, with the NYSE Financial Index fractionally lower and the State Street Financial Select Sector SPDR ETF shedding 0.1%. The Philadelphia Housing Index was down 0.5%, and the State Street Real Estate Select Sector SPDR ETF was easing 0.2%. Bitcoin was falling 2.3% to $90,433, and the yield for 10-year US Treasuries rose 5 basis points to 4...
A review Moody's launched in September ended with rating downgrades and negative outlooks for the city's outstanding general obligation and revenue bonds.
Financial stocks were mixed in Friday afternoon trading, with the NYSE Financial Index fractionally lower and the State Street Financial Select Sector SPDR ETF increasing 0.2%. The Philadelphia Housing Index was down 0.5%, and the State Street Real Estate Select Sector SPDR ETF was easing 0.2%. Bitcoin was falling 2.3% to $90,433, and the yield for 10-year US Treasuries rose 5 basis points to 4...
RH shares rose Friday even after the luxury retailer missed Q3 earnings estimates and cut full-year guidance. RH reported earnings of $1.71 per share, missing the $2.16 analyst estimate by 20.87%. Following the print, Telsey Advisory Group analyst Cristina Fern?ndez reiterated a Market Perform rating but lowered her price target from $220 to $185.
An unusual three-way division within the Federal Reserve system has brought several corners of the ETF universe into focus as market participants reassess which corners might be more impacted by changes in respective GDP and interest rate forecasts.
European stock markets closed lower in Friday trading as the Stoxx Europe declined 0.53%, Germany's DAX dropped 0.45%, the FTSE 100 fell 0.56%, France's CAC lost 0.21%, and the Swiss Market Index was down 0.14%. In Germany, monthly inflation declined 0.2% in November, compared with October, according to the Federal Statistical Office, and matched analyst forecasts, according to Bloomberg.
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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