If British growth is sub-par, its labor market weakening and fiscal policy tightening, then the Bank of England looks behind the curve - and should now be playing catch-up to offset tightening real interest rates as inflation tumbles anew.
* Markets look for catalysts from key central bank decisions. * Surprise weakness in UK inflation firms case for BOE rate cut. * Trump says next Fed chair to favour lower rates 'by a lot' By Rocky Swift. TOKYO, Dec 18 - The dollar held gains against its major counterparts on Thursday as markets positioned for central bank decisions in Britain, Europe and Japan.
A look at the day ahead in European and global markets from Tom Westbrook. Markets expect the Bank of England to be the only mover at a slew of central bank meetings on Thursday, with a 25-basis-point rate cut to 3.75% almost as predictable as the top order collapse at the Ashes test in Adelaide.
A look at the day ahead in European and global markets from Tom Westbrook. Markets expect the Bank of England to be the only mover at a slew of central bank meetings on Thursday, with a 25-basis-point rate cut to 3.75% almost as predictable as the top order collapse at the Ashes test in Adelaide.
Cash-strapped China Vanke (CHVKF) kicked off a second meeting with holders of a 2 billion yuan bond on Thursday, as it scrambles to extend its debt payments with bondholders and banks in an effort to avoid a default. A default by Vanke, a state-backed developer, would add an additional weight on a property sector that has been in the doldrums for years.
* Consumer price index is forecast increasing 3.1% year-on-year in November. * No monthly inflation rates will be published after government shutdown prevented collection of data for October. * Limited CPI values for October will be available. By Lucia Mutikani.
* Markets look for catalysts from key central bank decisions. * Surprise weakness in UK inflation firms case for BOE rate cut. * Trump says next Fed chair to favour lower rates 'by a lot' By Rocky Swift. TOKYO, Dec 18 - The dollar held gains against its major counterparts on Thursday as markets positioned for central bank decisions in Britain, Europe and Japan.
U.S. President Donald Trump said on Wednesday the next chairman of the U.S. Federal Reserve will be someone who believes in lower interest rates "by a lot." "I'll soon announce our next chairman of the Federal Reserve, someone who believes in lower interest rates, by a lot, and mortgage payments will be coming down even further," Trump said.
MSCI's global equities gauge rose on Thursday after four days of losses, but Treasury yields dipped after soft U.S. inflation data raised investors' hopes about more Federal Reserve rate cuts. Meanwhile, memory chip maker Micron Technology's (MU) strong results helped to reinvigorate Wall Street's "rollercoaster" sentiment around artificial intelligence stocks.
U.S. President Donald Trump said on Wednesday the next chairman of the U.S. Federal Reserve will be someone who believes in lower interest rates "by a lot." During a national address, Trump said he will soon announce a successor to current Fed chair Jerome Powell.
* Asian shares all in red, with Nikkei down 1.2% * Oil up over 1.5% on Trump's Venezuela blockade. * BOE, ECB, Norges Bank, Riksbank set to decide policy. * US CPI report for November also due on Thursday. By Stella Qiu.
The dollar lost ground against the Japanese yen and Swiss franc on Thursday after data showed a lower-than-expected rise in U.S. inflation, while the euro eased after the European Central Bank held interest rates steady. The U.S. Consumer Price Index rose 2.7% year-on-year in November,?according to Labor Department data, compared with a 3.1% increase forecast by economists polled by Reuters.
* Markets look for catalysts from key central bank decisions. * Yen trims losses as traders bet BOJ will hike on Friday. * Surprise weakness in UK inflation firms case for BOE rate cut. * By Rocky Swift. The dollar held gains against its major counterparts on Thursday as markets positioned for central bank decisions in Britain, Europe and Japan.
"Once this week is done, that's it for the year. The following week is Christmas, and then after that, the new year," said Jeff Timlin, a partner at Sage Advisory.
* ECB expected to hold rates on Thursday, BoE cut fully priced. * Yen weakens as BOJ expected to raise rates on Friday. * Dollar index gains, euro edges lower. By Chibuike Oguh and Joice Alves.
The Federal Reserve can afford to ease monetary policy further amid continued concerns regarding the labor market, Governor Christopher Waller said Wednesday. Last week, the central bank's Federal Open Market Committee lowered its benchmark lending rate by 25 basis points, marking a third straight cut amid ongoing job market worries.
FITCH ALSO RAISED TOTAL PLAY'S SENIOR SECURED NOTES RATING TO 'B', AND ITS SENIOR UNSECURED NOTES RATING TO 'CCC+', WITH STABLE OUTLOOK MEXICO CITY, Dec. 17, 2025 Total Play Telecomunicaciones, S.A.P.I. de C.V., a leading telecommunications company in Mexico, which offers internet access, pay television and telephony services, through one of the largest 100% fiber optic networks in the country,...
JPMorgan Chase (JPM) has moved nearly $350 billion out of its Federal Reserve account since 2023 to increase its holdings of US Treasuries, the Financial Times reported Wednesday, citing data compiled by industry data tracker BankRegData. The bank reduced its Fed balance from $409 billion at the end of last year to $63 billion by Q3, the report added.
The U.S. Federal Reserve has told Citigroup (C/PN) it has closed formal notices requiring the bank to fix trading risk management weaknesses, according to people with knowledge of the matter, a significant step in improving oversight and control deficiencies that have bogged down the third-largest U.S. bank.
* Waller supports central bank independence despite Trump's views. * Says he is open to limited president-Fed chief interactions. * Waller favored by business leaders to succeed Powell next year. By Michael S. Derby.
Fed Governor Christopher Waller said that the FOMC should continue to lower its policy rate at a "moderate" pace due to the soft labor market, adding that he is not concerned about a reacceleration of inflation and that tariffs are likely to have a one-time effect on price levels and not provide ongoing upward pressure.
A looming government shutdown marks an uncertain future for the country as economists and muni leaders point to the positive effects of stubborn inflation on state tax revenues.
Financial stocks edged higher in Wednesday afternoon trading, with the NYSE Financial Index fractionally higher and the State Street Financial Select Sector SPDR ETF increasing 0.1%. The Philadelphia Housing Index was falling 1.6%, and the State Street Real Estate Select Sector SPDR ETF rose 0.2%. Bitcoin was dropping 1.5% to $86,568, and the yield for 10-year US Treasuries was rising 1 basis p...
US equity indexes declined, led by the Nasdaq Composite, amid a jump in volatility and gains in government bond yields in midday trading on Wednesday. The Nasdaq dropped 1.1% to 22,863.2, with the S&P 500 down 0.7% to 6,751.9 and the Dow Jones Industrial Average 0.2% lower at 48,037.1. Technology, communication services, and industrials led the decliners, while energy emerged as the top gainer.
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Ratings to ?a-? from ?bbb+? of the two main operating subsidiaries of Nagico Holdings Limited, National General Insurance Corporation N.V. and Nagico Insurance Company Limited (collectively referred to as.
Deutsche Bank said it expects Mexico's central bank to deliver a "hawkish cut" featuring a 25 basis point reduction of the policy rate to 7% on Thursday, along with a revamped forward guidance aimed at sending an unequivocal signal of a pause in the normalization process.
* FTSE 100 up 0.9%; FTSE 250 up 0.56% * UK inflation falls to 3.2%, boosting rate cut bets. * FTSE 100 on track for best year since 2009. * Homebuilders lead gains, Banks follow. UK stocks closed higher on Wednesday, led by gains in home builders and bank shares, as lower-than-expected domestic inflation reinforced expectations that the Bank of England will cut interest rates.
Morgan Stanley said it expects the European Central Bank to be on hold on Thursday. The focus will be on the updated projections and communication around it. Morgan Stanley sees a 5-to-4 vote for a 25bps rate cut to 3.75% at the Bank of England on Thursday, and unchanged messaging.
The drop in the United Kingdom consumer price index inflation, from 3.6% year over year in October to 3.2% year over year in November, was larger than any forecaster anticipated, said Berenberg after Wednesday's data. If not reversed, the decline in goods prices in November would put inflation on course to fall below the Bank of England's 2.0% target next summer, noted Berenberg.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-? of Guaranty Income Life Insurance Company and United Life Insurance Company, collectively, referred to as Kuvare Retail Group. Lastly, AM Best has affirmed the FSR of B++ and the Long-Term ICR of ?bbb? of Lincoln Benefit Life Company.
Federal Reserve Governor Christopher Waller, on the short list to succeed Fed Chair Jerome Powell next year and scheduled to be interviewed for the job by President Donald Trump on Wednesday, said he would "absolutely" defend the U.S. central bank's independence if it were challenged.
* Waller supports central bank independence despite Trump's views. * Says he is open to limited president-Fed chief interactions. * Waller favored by business leaders to succeed Powell next year. By Michael S. Derby.
Newfoundland and Labrador's budget deficit for fiscal year 2025-26 has been revised to $948 million, or 2.2% of nominal gross domestic product, which is larger than the $372 million deficit, or 0.9%of GDP, planned in Budget 2025 in the first fiscal update by the new Progressive Conservative government, said Scotiabank.
The U.S. Justice Department has called on Federal Reserve Chair Jerome Powell to clarify whether the central bank has stopped losing money, which President Donald Trump's administration has said prevents it from funding the sole federal watchdog for consumer financial protection, according to court records.
Federal Reserve Gov. Christopher Waller said monetary policy must remain insulated from political pressure, arguing that communication with the White House should be limited. Waller is slated to meet with President Trump Wednesday afternoon.
Any concern about Kevin Hassett potentially leading the Federal Reserve is "absurd," U.S. Treasury Secretary Scott Bessent said on Wednesday, adding that the White House economic adviser and others under consideration would all be good choices.
The U.S. Justice Department has called on Federal Reserve Chair Jerome Powell to clarify whether the central bank has stopped losing money, which President Donald Trump's administration has said prevents it from funding the sole federal watchdog for consumer financial protection, according to court records. FED RETURNING TO PROFITABILITY?
Greystone, a leading national commercial real estate finance company, has provided a $36,595,000 Freddie Mac loan to refinance a 476-unit garden-style multifamily community located in Houston, Texas. Originally developed in 1966, the property offers renovated apartments and townhomes with one-, two- and three-bedroom layouts.
Georgia's central bank Wednesday said its Monetary Policy Committee decided to keep the monetary policy rate -- refinancing rate-- unchanged at 8.0%. Under the central scenario, inflation is projected to average 4% this year, while from Q2 2026 it's expected to converge toward the target, averaging 3.5% on an annual basis, wrote NBG in its policy statement.
TORONTO, Dec. 17, 2025 Mattamy Group Corporation, North America's largest family-owned homebuilder, today announced the completion of its offering of US$475 million and CAD$350 million aggregate principal amount of senior unsecured notes.
Equity Insider News Commentary ? Gold extended its historic 2025 rally to trade above $4,300 per ounce on December 16, marking the metal's strongest annual performance in decades with gains exceeding 60% year-to-date[1]. Central banks ramped up gold purchases by 28% in the third quarter alone, adding 634 tonnes year-to-date as emerging markets accelerate diversification away from dollar reserve...
* ECB expected to hold rates on Thursday, BoE cut fully priced. * Yen weakens as BOJ expected to raise rates on Friday. * Dollar index gains, euro edges lower. By Chibuike Oguh and Joice Alves.
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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