US stocks look set to open little changed Friday's trading session as investors look ahead to economic data set for release later in the morning, including existing home sales and consumer sentiment readings. The Dow Jones Industrial Average futures were off 0.03%, S&P 500 futures were up 0.12%, and Nasdaq futures were moving 0.22% higher.
Bank of Montreal said Friday it sees positive, but sluggish, real consumer spending growth in 2026, following the release of complete retail sales figures for October and an estimate on it for November. Overall, BMO said it has been a mixed bag for Canadian consumers heading into 2026.
Russia's central bank Friday said its Board of Directors decided to cut the key rate by 50 basis points to 16.0%. The reduction was widely expected, wrote Scotiabank in a note to clients. Guidance noted that "monetary policy will remain tight for a long period" with inflation running at 6.6% year over year.
Canada will release retail sales data for October and preliminary November at 8:30 a.m. ET on Friday, said Bank of Montreal. The retail sales report will give the bank the last piece of data for the October real gross domestic product "puzzle." Spending is likely to be little changed in the month, or down a modest 0.5% excluding autos. Volumes should nudge higher in the month.
The US dollar rose against its major trading partners early Friday ahead of the release of existing home sales data for November and the final University of Michigan consumer sentiment reading for December, both at 10:00 am ET.
Nova Scotia's December 2025 forecast update revised the provincial budget balance for fiscal year 2025-26 to a deficit $1.47 billion, or 2.1% of nominal GDP, after accounting for contingencies, said Scotiabank.
Commerzbank in its "European Sunrise" note of Friday highlighted: Markets: United States Treasuries recover into New York close, resume downtrend overnight, long end leads the Japanese government bond sell-off. Fed: Chicago Federal Reserve President Austan Goolsbee says the November inflation report contained a "lot to like" after voting to stay put at last FOMC decision.
US futures were edging higher pre-bell Friday as lower-than-expected US inflation data fueled hopes for a Federal rate cut. The US seasonally adjusted consumer price index, a measure of inflation, rose by 2.7% in November from a year earlier, below expectations for a 3.1% increase in a survey conducted by Bloomberg.
Financial stocks were mixed in late Thursday afternoon trading, with the NYSE Financial Index increasing 0.4% and the State Street Financial Select Sector SPDR ETF down 0.1%. The Philadelphia Housing Index was adding 0.3%, and the State Street Real Estate Select Sector SPDR ETF was shedding 0.5%. Bitcoin was falling 1.3% to $85,054, and the yield for 10-year US Treasuries declined 4 basis point...
? New York City Housing Development Corporation bond purchase will help create, rehabilitate or preserve more than 6,300 units of affordable housing ? The Federal Home Loan Bank of New York announced a $225 million investment in a New York City Housing Development Corporation bond issuance that will help create, rehabilitate or preserve 6,320 units of affordable housing across an array of HDC?s...
The US Federal Reserve has closed formal notices issued to Citigroup (C) that required the bank to enhance trading risk controls, Reuters reported, citing people familiar with the matter. The notices, issued in late 2023, addressed three matters requiring immediate attention.
Market frustration with the November Consumer Price Index is not about how low inflation printed. The report showed that annual CPI inflation slowed to 2.7% in November from 3% in September. Yet economists and inflation watchers argue that the figure was mechanically distorted by the federal government shutdown, which halted data collection in October.
The consumer price index rose 2.7% year-over-year in November, slowing from a 3% gain in September, the most recent data available. The Bureau of Labor Statistics was unable to calculate October data for several key series, so a month-over-month percent change calculation for November was not possible in those cases. Gasoline and vehicle prices were among the series with October data.
The National Association of Realtors' measure of US existing-home sales is expected to accelerate to a 4.15 million annual rate in November, based on a survey compiled by Bloomberg, after rising by 1.2% to a 4.10 million rate in October. Existing-home sales were at a 4.17 million rate in November 2024, so the year-over-year change would be only slightly negative.
Bitcoin is back to $86,000 in volatile U.S. trading hours on Thursday, which saw inflation cool more than expected in November. What Happened: Market commentatr The Kobeissi Letter highlighted that U.S. core CPI fell to 2.6% year-over-year, the lowest since March 2021 and a sharp downside surprise versus expectations. The print marked one of the largest inflation decelerations since 2023.
Gold edged down from a record high midafternoon Thursday after the dollar and treasury yields weakened after the United States released incomplete data showing inflation slowed in November.
US benchmark equity indexes were higher intraday, aided by a cooler-than-expected consumer inflation report and a post-earnings rally in Micron Technology (MU) shares.
Financial stocks were higher in Thursday afternoon trading, with the NYSE Financial Index increasing 0.4% and the State Street Financial Select Sector SPDR ETF adding 0.3%. The Philadelphia Housing Index was adding 0.4%, and the State Street Real Estate Select Sector SPDR ETF was shedding 0.4%. Bitcoin was increasing 0.2% to $86,459, and the yield for 10-year US Treasuries was declining 3 basis...
Weekly applications for unemployment insurance in the US fell more than projected, while continuing claims rose, government data showed Thursday. For the week through Dec. 13, the seasonally adjusted number of initial claims dropped by 13,000 to 224,000, the Department of Labor said.
The European Central Bank expects inflation over the next few years to be very close to its 2% target, said Berenberg. At the same time, growth forecasts have been revised upwards. Although there are numerous risks to the further development of inflation, the ECB currently considers them to be balanced, stated Berenberg.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.21%. ?The average 30-year fixed-rate mortgage has remained within a narrow 10-basis point range over the last two months,? said Sam Khater, Freddie Mac?s Chief Economist.
European stock markets look set to close higher in Thursday trading as the Stoxx Europe was up 0.97%, Germany's DAX was advancing 0.99%, the FTSE 100 was gaining 0.69%, France's CAC was rising 0.95%, and the Swiss Market Index was moving 0.82% higher. The European Central Bank's Governing Council said Thursday that it has kept its three key interest rates unchanged.
The Czech central bank Thursday said its board kept interest rates unchanged, with the two-week repo rate at 3.50%, the discount rate at 2.50% and the Lombard rate at 4.50%. This decision was expected by market analysts, noted ING. Lower energy prices will likely bring next year's headline inflation below the target, while core inflation will be exposed to opposing forces, stated ING.
All three major US stock indexes were up in late-morning trading Thursday after the latest batch of inflation data came in lower than expected. The US seasonally adjusted consumer price index, a measure of inflation, rose by 2.7% in November from the year-ago period, below expectations for a 3.1% increase in a survey conducted by Bloomberg.
The Kansas City Fed monthly manufacturing index fell to a reading of 1 in December from 8 in November, below expectations for a smaller decline to 6 in a survey compiled by Bloomberg. The decrease follows lower readings for the other regional manufacturing data released so far.
Freddie Mac today announced that its offer to investors to exchange certain eligible Gold PCs and Giant PCs for TBA-eligible and non-TBA-eligible mirror securities will close on December 18, 2026. Freddie Mac announced the opening of the exchange offer on May 7, 2019.
US consumer prices rose less than expected on an annual basis in November, while core inflation decelerated to the lowest since early 2021, likely keeping the door open for another interest rate cut by the Federal Reserve. The consumer price index rose 2.7% year over year, the Bureau of Labor Statistics reported Thursday.
Gold edged down from a record high early on Thursday after the dollar and treasury yields weakened after the United States released incomplete data showing inflation slowed in November.
US stocks look set to open higher in Thursday's trading session as investors dissect key inflation and jobless claims figures released earlier in the morning, which came in lower than expected.
The Canadian dollar is ending the year on a "strong footing", with gains broad-based across the G10: all currencies except the Swedish krona have depreciated against the loonie, National Bank of Canada noted Thursday. It said the recent resurgence reflects a mix of better-than-expected economic data and clearer policy follow-through from the Canadian federal government since the Nov. 4 budget.
Retirement optimism dropped by over 10% in 2025, according to new consumer sentiment data by PensionBee (PBNYF). 2025 brought volatile markets, unprecedented tariffs, and the longest government shutdown in history.
U.S. inflation cooled more than expected in November, giving investors renewed confidence that price pressures are easing and strengthening expectations that the Federal Reserve's easing cycle can stay on track into 2026. The Consumer Price Index rose 2.7% year over year in November 2025, the Bureau of Labor Statistics reported Thursday.
The Bank of England delivered its fourth rate cut of the year, reducing 25bps and taking Bank Rate to 3.75% on Thursday, as expected, said Sanjay Raja, chief United Kingdom Economist at Deutsche Bank. As has been a long-standing theme for the BoE, divisions within the Monetary Policy Committee remain, noted Raja. It's now been more than four years since investors had a unanimous decision.
The US seasonally adjusted consumer price index, a measure of inflation, rose by 2.7% in November from a year earlier, below expectations for a 3.1% increase in a survey conducted by Bloomberg. Core CPI, which excludes food and energy prices, rose by 2.6% year-over-year, also lower than the consensus estimate for a 3.0% increase.
US initial jobless claims fell to a level of 224,000 in the employment survey week ended Dec. 13 after rising to an upwardly revised 237,000 level in the previous week, compared with expectations for a decrease to 225,000 in survey of analysts compiled by Bloomberg. Initial claims were at a level of 222,000 in the employment survey week ended Nov. 15.
Inflation picked up again in November, marking a third consecutive increase and reviving investor concerns that the central bank may be forced into an extended pause in its easing cycle. The Consumer Price Index rose 3.1% year-over-year in November 2025, hitting the highest inflation rate since May 2024, the Bureau of Labor Statistics reported Thursday.
The US dollar rose against its major trading partners early Thursday, except for a decline versus the pound, ahead of the release of weekly jobless claims, delayed consumer price index data for November and the Philadelphia Federal Reserve's manufacturing reading for December, all at 8:30 am ET.
Sterling has continued to trade at weaker levels ahead of Thursday's Bank of England policy meeting following the release earlier in the week of the much weaker-than-expected United Kingdom consumer price index report for November, said MUFG.
Commerzbank in its "European Sunrise" note of Thursday highlighted: Markets: United States Treasury yields decline in late New York session and open lower in Asia. Fed: Atlanta Federal Reserve President Raphael Bostic says inflation is more worrying than jobs, while it's a close call.
US futures were tracking higher hours before Thursday's market open, as technology stocks stabilize while traders await inflation data from November's Consumer Price Index. In the futures, the S&P 500 was 0.4% higher, the Nasdaq was up 0.8%, and the Dow Jones advanced by 0.2% Asian markets were mixed at Thursday's close, while most European bourses were edging higher mid-session.
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.
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