* * BoJ policy decision in focus as a rate hike is priced in. * US data could reinforce expectations for a Fed pause in January. * Yuan hits 15-month high against dollar. By Stefano Rebaudo and Gregor Stuart Hunter.
Euro zone business activity growth slowed more than expected at the end of 2025 as a contraction in manufacturing deepened while the expansion in the dominant services industry eased, a survey showed. The common currency bloc remained resilient for most of the year despite higher U.S. tariffs and elevated global uncertainties.
Willis Towers Watson (WTW) said late Monday its Willis North America unit priced a $1 billion debt offering, consisting of $700 million of 4.55% senior unsecured notes due 2031 and $300 million of 5.15% senior unsecured notes due 2036.
India's private sector activity expanded at its weakest pace in 10 months in December on a slowdown in new orders and hiring slowed to a near-standstill, according to a survey of private businesses on Tuesday. HSBC's Flash India Composite Purchasing Managers' Index, compiled by S&P Global, fell to 58.9 this month from 59.7 in November, marking the lowest reading since February.
The non-bank financial sector's share of global assets grew to 51%, or $256.8 trillion, last year and expanded at double the rate of the traditional banking industry, the Financial Stability Board said on Tuesday.
Zoetis (ZTS) said Tuesday it priced a private offering of $1.75 billion principal amount of 0.25% convertible senior notes due 2029. The underwriters were granted a 13-day option to purchase up to $250 million additional amount of notes. The notes will be convertible at an initial rate of $148.20 per share.
Euro zone bond yields were steady on Tuesday as traders awaited the currency bloc's composite PMIs and a closely watched U.S. jobs report for a potential steer on the Federal Reserve's policy outlook. A European Central Bank policy meeting is due later in the week, with the Bank of England and Bank of Japan also set to deliver rate decisions.
U.S. Treasuries seem increasingly anxious about 2026 and the bond market is already rebuilding risk premia ahead of the new year. On Monday, the Treasury yield curve steepened to its widest in four years on both the 2-10 year and 2-30 year segments, with the former surpassing the peaks of April when the initial tariff shock briefly sent Treasuries into a tailspin.
Substantially All of Net Proceeds Expected to Be Used to Repurchase Approximately $1.6 Billion of Common Stock and for Capped Call Transactions Zoetis Inc. (ZTS) today announced that it has priced its previously announced offering of $1.75 billion aggregate principal amount of 0.25% convertible senior notes due 2029 in a private offering to persons reasonably believed to be qualified institutional bu...
* Combined non-farm payrolls for October and November due Euro steady as markets weigh prospects for Ukraine peace deal Greenback weakest against Chinese yuan since October 2024. By Gregor Stuart Hunter.
* Fed Governor Stephen Miran says inflation closer to 2% target. * US Nov non-farm payrolls, unemployment rate data due at 1330 GMT. * US weekly jobless claims, PCE data due on Friday. By Ishaan Arora and Sherin Elizabeth Varghese.
* Investors await US jobs and inflation data for rate-cut clues. * Bitcoin at two-week lows as risk-off mood takes hold. * Focus on BoE, ECB, BOJ policy decisions this week. By Ankur Banerjee.
A look at the day ahead in European and global markets from Ankur Banerjee. Investors have hunkered down, unwilling to take on risky bets, ahead of a clutch of economic data from across the globe and central bank meetings in what is shaping up to be an eventful last full week of the year.
A look at the day ahead in European and global markets from Ankur Banerjee. Investors have hunkered down, unwilling to take on risky bets, ahead of a clutch of economic data from across the globe and central bank meetings in what is shaping up to be an eventful last full week of the year.
* Nonfarm payrolls are forecast increasing 50,000 in November. * Employment is expected to have declined in October due to federal government job losses. * Unemployment rate is estimated to come in at 4.4% in November. * There will be no jobless rate for October because the government shutdown prevented the collection of data. By Lucia Mutikani.
Japanese government bonds barely budged on Tuesday as traders mainly remained on the sidelines ahead of crucial U.S. jobs figures later in the day, and a Bank of Japan policy decision this week. The yield on 10-year JGBs was flat at 1.955%, as of 0405 GMT. Benchmark 10-year JGB futures were also little changed at 133.40 yen. Yields move inversely to bond prices.
* US dollar at near two-month lows. * Fed Governor Stephen Miran says inflation closer to 2% target. * US Nov non-farm payrolls, unemployment rate data due at 1330 GMT. By Ishaan Arora. Gold prices edged higher on Tuesday, supported by a softer dollar, as investors awaited the release of key U.S. jobs data that could shape expectations for the Federal Reserve's policy path in the new year.
The Commonwealth Bank of
Australia (CBAUF) and the National Australia Bank (NAUBF), two of the country's four major banks, now expect the central bank to hike interest rates in February next year as inflation picks up in a capacity-constrained economy.
MSCI's global equities gauge fell on Tuesday and 10-year U.S. Treasury yields were lower for a second day as investors assessed some mixed signals from the latest U.S. jobs report, while oil prices sagged on oversupply worries as hopes increased for a Russia-Ukraine peace deal.
* Investors await US jobs and inflation data for rate cut clues. * Bitcoin at two-week lows as risk off mood spreads. * Focus on BoE, ECB, BOJ policy decisions this week. By Ankur Banerjee.
Economists at the Commonwealth Bank of Australia (CBAUF) now expect the Reserve Bank of Australia will hike interest rates in February next year as inflationary pressures pick up amid a capacity constrained economy.
The U.S. dollar eased against major peers on Tuesday after the release of delayed economic data showing stronger-than-expected jobs growth, signalling that the Federal Reserve might be cautious in continuing to cut interest rates in the near term. The U.S. economy added 64,000 jobs in November, surpassing an estimate from economists polled by Reuters.
Japan's manufacturing activity contracted at a slower pace while the service sector lost some steam in December, private-sector surveys showed, weighing on the economy at the end of 2025.
* Combined non-farm payrolls for October and November due Euro steady as markets weigh prospects for Ukraine peace deal Greenback weakest against Chinese yuan since October 2024. By Gregor Stuart Hunter.
Australia's consumer sentiment slid in December after turning positive for the first time in four years the previous month, as households grappled with renewed angst over inflation and the interest rate outlook, a private survey showed on Tuesday. A Westpac-Melbourne Institute survey showed its main index of consumer sentiment fell 9% to 94.5 in December, after surging 12.8% the month before.
Willis Towers Watson Public Limited Company, a leading global advisory, broking and solutions company, today announced the pricing of a registered offering by Willis North America Inc., an indirect wholly-owned subsidiary of the Company, of $700,000,000 aggregate principal amount of 4.550% senior unsecured notes due 2031 and $300,000,000 aggregate principal amount of 5.150% senior unsecured not...
LITTLETON, CO / ACCESS Newswire / December 15, 2025 / Ur-Energy Inc. (URG) today announced the closing of its previously announced offering of $120 million aggregate principal amount of 4.75% Convertible Senior Notes due 2031 in a private placement, which included the exercise in full by the initial purchasers of their option to purchase an additional US$20 million of notes.
Caution weighed on Wall Street on Monday as investors awaited Tuesday's U.S. jobs report, while underlying selling pressure and uncertainty over who will be nominated to replace Federal Reserve Chair Jerome Powell eroded earlier gains in Treasuries. 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.
Caution weighed on Wall Street on Monday as investors awaited Tuesday's U.S. jobs report, while underlying selling pressure and uncertainty over who will be nominated to replace Federal Reserve Chair Jerome Powell eroded earlier gains in Treasuries. 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.
US stocks started the week lower as investors awaited key economic data to be released later this week, including the November employment report. The Nasdaq Composite fell 0.6% to 23,057.4, closing lower for a third consecutive session. Most sectors ended higher, led by health care, while technology saw the steepest decline. The government's nonfarm payrolls report for November is out on Tuesday.
* TSX ends down 0.1%, at 31,843.44. * Inflation rate holds at 2.2% in November. * Energy falls 1.4% as oil settles 1.1% lower. * Financials gain 0.5% By Fergal Smith. Canada's main stock index edged lower on Monday as a drop in oil prices weighed on energy shares and despite domestic inflation data that tempered expectations that the Bank of Canada would hike interest rates next year.
MCLEAN, VA / ACCESS Newswire / December 15, 2025 / Gladstone Commercial Corporation (GOOD) today announced that its subsidiary, Gladstone Commercial Limited Partnership, has closed $85 million in aggregate principal amount of 5.99% senior unsecured notes due December 15, 2030, in a private placement with certain institutional investors.
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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