* Citi expects the ECB to downplay undershooting inflation projections. * Investors on hold before US jobs and inflation data, says UBS. * German Federal Finance Agency auction calendar in focus. By Stefano Rebaudo.
* Dollar hovers near two-month low. * U.S. employment data due on Tuesday. * Palladium climbs to 2-month peak, platinum at 14-year high. By Sarah Qureshi. Spot gold rose to hover near a seven-week peak on Monday, bolstered by a softer dollar and expectations of U.S. interest rate cuts ahead of key jobs data, while silver held below a record high hit on Friday.
White House economic adviser and Federal Reserve chair front-runner Kevin Hassett's candidacy has received some pushback from people close to President Donald Trump, CNBC reported on Monday, citing sources familiar with the matter. The opposition is owing to concerns that Hassett is too close to the president, the report added.
White House economic adviser and Federal Reserve chair front-runner Kevin Hassett's candidacy has received some pushback from people close to President Donald Trump, CNBC reported on Monday, citing sources familiar with the matter. The opposition is owing to concerns that Hassett is too close to the president, the report added.
New York Federal Reserve President John Williams said on Monday the U.S. central bank's interest rate cut last week was the right move and leaves it in a good position to deal with an economy that's on track to perform fairly well next year. "Monetary policy is well positioned as we head into 2026," Williams said at an event held by the New Jersey Bankers Association in Jersey City.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of SNIC Insurance B.S.C.. The outlook of these Credit Ratings is negative. The ratings reflect SNIC?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
CIBC expects headline inflation will see some volatility in the months ahead, thanks to base effects from last year's GST/HST holiday, but it also expects core measures excluding tax changes to continue easing following the release of "generally softer measures of core inflation" Monday.
Canadian headline consumer price index inflation for November came in at 2.2% year over year, matching October's pace and broadly in line with expectations, said TD after Monday's data. However, inflation at the grocery store heated up in November, with prices up 4.7% year over year, up from 3.4% in October and the fastest pace of increase in nearly two years.
Final Repayment of Unsecured Convertible Bonds & upcoming webinar LONDON, UK / ACCESS Newswire / December 15, 2025 / The Board of Pantheon Resources plc (PTHRF), the oil and gas company developing the Kodiak and Ahpun oil fields immediately adjacent to pipeline and transportation infrastructure on Alaska's North Slope, announces that it has elected to pay the final quarterly principal repayment of US$2...
Current above-target inflation does not reflect underlying supply and demand dynamics that are generating price increases much closer to the central bank's 2% target, Federal Reserve Governor Stephen Miran said on Monday, asserting that "prices are now once again stable."
Canadian headline prices rose 0.1% month over month in November, matching expectations, said Desjardins after Monday's consumer price index data. That left the annual rate of inflation tracking 2.2% for the second month in a row. The average three-month annualized rate of the Bank of Canada's trimmed mean and median measures fell to 2.3% from 2.6%, respectively.
Xcel Energy Inc. (XEL) announced today the commencement of three separate offers to purchase for cash up to $345,000,000 aggregate principal amount of three series of first mortgage bonds issued by Northern States Power Company, a Minnesota corporation and a wholly owned subsidiary of Xcel Energy.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Wildfire Scores, according to ICE Climate Data. A $5 million offering from Augusta Independent School District, Ky., records a Flood Score of 4.3 out of 5.0, ICE reports.
US equity futures were higher ahead of Monday's opening bell, with traders gearing up for a busy week of economic data releases. Dow Jones Industrial Average futures rose 0.5%, S&P 500 futures were up 0.5%, and Nasdaq futures were 0.6% higher. Key economic reports due this week include nonfarm payrolls, housing starts and permits, retail sales, and the consumer price index.
The Canadian consumer price index rose 2.2% on a year-over-year basis in November, matching the increase in October, said the country's statistical agency on Monday. November's CPI was slightly lower than the 2.3% year-over-year consensus figure provided by Scotiabank.
The total monthly seasonally adjusted annual rate of housing starts for all areas in Canada was up 9.4% in November to 254,058 units compared with October, said Canada Mortgage and Housing Corporation. November's increase was higher than the 250,000 consensus figure provided by Scotiabank. The six-month trend in housing starts decreased 1.7% in November to 264,445 units, according to CMHC.
US equity futures were higher pre-bell Monday, with traders gearing up for a busy week of economic data releases. Dow Jones Industrial Average futures were 0.5% higher, S&P 500 futures were up 0.5%, and Nasdaq futures were 0.6% higher. Key economic reports due this week include nonfarm payrolls, housing starts and permits, retail sales, and the consumer price index.
Canadian housing starts rose 9.4% in November from the previous month, data from the national housing agency showed on Monday. The seasonally adjusted annualized rate of housing starts climbed to 254,058 units from a revised 232,245 units in October, the Canada Mortgage and Housing Corporation said.
* Central banks including ECB, BOJ, BOE, Riksbank and Norges Bank due to meet. * Delayed US data due, including jobs and inflation. * China Vanke bondholder vote renews concerns around property sector. By Lawrence White.
Prospera Energy (GXRFF) over the weekend said it raised $3.6 million after closing its previously announced convertible debt offering. The company said proceeds were allocated "exclusively" toward strengthening working capital, well reactivations, and production optimization.
* Greece to save 1.6 billion euros in interest to 2041. * Public debt to fall below 120% of GDP by 2029, spokesperson says. * Greek economy recovering from 2009-2018 crisis. ATHENS, Dec 15 - Greece earlier on Monday paid off ahead of schedule debt worth 5.3 billion euros that had been due after 2031, two government officials said.
"The steps that would be necessary to restore a sound fiscal profile are becoming increasingly drastic," the rating agency said in downgrading Jersey City.
Canada will release one of two consumer price index readings ahead of the next Bank of Canada meeting on Jan. 28 on Monday at 8:30 a.m. ET, Bank of Montreal said. While the data could move markets, Scotiabank said it does not expect any major policy implications, with the BoC signaling a prolonged pause and a more forward-looking stance.
BEIJING, Dec. 15, 2025 ?China's economy continues to demonstrate stability, progress, and resilience, providing much-needed confidence to the world economy. The Central Economic Work Conference was held recently, reviewing this year's economic performance and laying out a series of important plans for next year.
Brazil's economy started the fourth quarter on a weaker footing, central bank data showed on Monday, as analysts closely monitor activity indicators to calibrate their bets on when a monetary easing cycle might start.
The pound held steady on Monday ahead of a string of UK data that could help cement expectations for a Bank of England rate cut later in the week. Markets show traders are almost fully pricing in a rate cut on Thursday, when the BoE meets, and traders expect another cut by the middle of 2026, with a possibility of a second by year-end.
Canadian existing home sales fell 0.6% month over month in November, or 10.7% year over year, and remain little changed since the summer, said Bank of Montreal after Monday's release of the Canadian Real Estate Association data. New listings declined 1.6%, raising the sales-to-new listings rate to 52.7%, indicating generally balanced market conditions, noted the bank.
By Jan Wolfe. 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.
By Jan Wolfe. 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.
Overall, last week's events confirm that Canada's economy is holding up well despite global uncertainties, said TD. This was echoed in the Bank of Canada's interest rate announcement on Wednesday, which brought tidings of comfort, if not exactly joy, noted TD. Inflation also remains a key focus for the BoC.
Substantially All Net Proceeds Expected to Be Used to Repurchase Common Stock and for Capped Call Transactions Zoetis Inc. (ZTS) today announced that, subject to market conditions, it intends to offer $1.75 billion aggregate principal amount of convertible senior notes due 2029 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A of the Secur...
Brazil's IBC-Br economic activity index fell 0.2% in October from the previous month, the central bank said on Monday, while economists polled by Reuters were expecting 0.1% growth.
Canada will release consumer price index data for November at 8:30 a.m. ET on Monday, said RBC. Canada's inflation is expected to have held steady in November, with growth in the headline CPI remaining at 2.2% year over year, unchanged from October after slowing from 2.4% in September, noted the bank.
DUBAI, UAE, Dec. 15, 2025 Bybit, the world's second-largest cryptocurrency exchange by trading volume has released its latest Crypto Derivatives Analytics Report?in collaboration with Block Scholes. The analysis reviews market conditions surrounding the year's final Federal Open Market Committee meeting, where policymakers delivered a widely expected 25 basis point rate cut.
European bourses tracked moderately higher midday Monday as traders weighed Wall Street cues and awaited European Central Bank and Bank of England policy decisions slated for Thursday. Property, bank, food and oil stocks led broad gains on continental trading floors.
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.
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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