The Institute for Supply Management's US manufacturing index fell to 47.9 in December from 48.2 in November, compared with expectations for a 48.4 reading in a survey compiled by Bloomberg. There were decreases in the readings for production and inventories, gains in the new orders and employment readings, though both remained below the breakeven point, and no change in the prices reading.
* ISM manufacturing PMI drops to 47.9, lowest since October 2024. * Trump's tariffs impact manufacturing, raising average tariff to nearly 17% * Factory employment declines for 11th month.
New Orders Contracting; Production Expanding; Employment Contracting; Supplier Deliveries Slower; Raw Materials Inventories Contracting; Customers' Inventories Too Low;?Price Increase Unchanged; Exports and Imports Contracting. TEMPE, Ariz. The report was issued today by Susan Spence, MBA, Chair of the Institute for Supply Management?? Manufacturing Business Survey Committee.
This week's German consumer price index for December is expected to slow to 2.2% year over year, which comes on the heels of November's surprising nine-month high of 2.6%, said Bank of Montreal. The bank noted it will keep an eye on core CPI, too, which was at a four-month high of 2.7% year over year.
* Benchmark short-term rate reduced to 4.00% from 4.25% * Base scenario for rate to reach 3.5% this year, Yaron says. * He says inflation environment improving since ceasefire. By Steven Scheer.
The main risk to the U.S. economy from the Trump administration's capture of Venezuela's leader over the weekend would stem from ?rising oil prices, Minneapolis Federal Reserve President Neel Kashkari ?said on Monday, but that does not ?appear to be underway so ?far. The risk ?is "mostly through oil prices," Kashkari said in an interview ?on CNBC. "I don't see it so far," he added.
The Bank of Israel unexpectedly cut its short-term interest rate by 25 basis ?points on Monday, a second successive ?cut after lowering it in ?November for the first ?time ?in nearly two years. The central bank's ?benchmark rate ?was reduced to 4.00% from 4.25%. Annual Israeli inflation eased ?to a ?rate ?of 2.4% in November, within the government's 1-3% target range.
Completes $605 Million of Non-Core Property Sales in 2025 Announces Full Repayment of 2026 Zero Coupon Bonds Completes Transition of SHOP Portfolio to New Operators Diversified Healthcare Trust (DHC) today provided a business update regarding its capital recycling program, the full repayment of its 2026 zero coupon bonds and the transition of operations of its senior housing operating portfolio commu...
The US dollar was mixed against its major trading partners early Monday -- up versus the euro and Canadian dollar, down versus the pound and yen -- ahead of a busy week of economic data releases, highlighted by Friday's nonfarm payrolls employment report for December.
The sell-off in the Japanese government bond market has restarted at the start of this week with the 10-year yield hitting a fresh high overnight Sunday at 2.13%, said MUFG. It has now risen by around 45bps-50bps over the last couple of months, wrote the bank in a note to clients.
Bank of Japan Governor Kazuo Ueda said on Monday the central bank will continue to raise interest rates if economic and price developments move in line with its forecasts. Japan's economy ?sustained a moderate recovery last year despite the hit to corporate profits from higher ?U.S. tariffs, Ueda said in a speech delivered to the ?country's banking sector lobby.
Japan's two- and 10-year bond yields climbed to near three-decade highs on the first trading day of 2026, as markets braced for further interest rate hikes by the Bank of Japan. The 10-year JGB ?yield jumped 5.5 basis points to 2.125% on Monday, its highest level since ?February 1999.
Bank of Japan Governor Kazuo Ueda said on Monday the central bank will continue to raise interest ?rates if economic and price developments move in line with its forecasts. Japan's economy sustained ?a moderate recovery last year despite the hit to corporate profits ?from higher U.S. tariffs, Ueda said in a speech ?delivered to ?the country's banking sector lobby.
Bank of Japan Governor Kazuo Ueda said ?on Monday ?the central bank ?will continue to ?raise interest ?rates if economic ?and ?price developments move in line with ?its ?forecast.
China's services activity expanded at its slowest pace in six months in December, as growth in new business softened and foreign demand declined, a private-sector survey showed on Monday. The RatingDog China General ?Services PMI, compiled by S&P Global, edged down to 52.0 in December from 52.1 the previous ?month, marking the weakest reading since June.
* New business growth slows, foreign demand declines. * Business sentiment improves with high expectations for 2026. * Companies cut staffing levels, input costs rise, selling prices lowered. By Liangping Gao and Ryan Woo.
Japan's manufacturing activity stalled in December as demand declined at a slower pace from the previous month, a private-sector survey showed, ending a five-month streak of deterioration. The S&P Global Japan Manufacturing Purchasing ?Managers' Index was flat at 50.0 in December, improving from 48.7 in November and hitting ?the break-even point separating expansion from contraction.
Japan's manufacturing activity stalled in December as demand declined at a slower pace from the previous month, a private-sector survey showed, ending a five-month streak of deterioration. The S&P Global Japan Manufacturing Purchasing ?Managers' Index was flat at 50.0 in December, improving from 48.7 in November and hitting ?the break-even point separating expansion from contraction.
Federal Reserve Bank of Philadelphia President Anna Paulson said on Saturday that further central bank rate cuts could be some way off while officials take stock of the economy's performance after an active campaign of easing last year.
A paper released on Saturday counting Federal Reserve Bank of Philadelphia President ?Anna Paulson as co-author reaffirmed the ?importance of the central ?bank achieving its 2% ?inflation ?target. The research, to be presented ?at the Allied ?Social Science Associations Annual Meeting in Philadelphia, ?did not ?provide ?an update on Paulson's near-term views on monetary policy.
* European shares hit record highs, FTSE 100 reaches 10,000 points. * Focus on Fed policy as Powell's tenure nears end, delayed data crucial. * Gold, silver gains pause after record-breaking year, dollar strengthens. By Stephen Culp. NEW YORK, Jan 2 - U.S. stocks oscillated to a mixed close, U.S. Treasury yields climbed and the dollar firmed on Friday, the first trading day of 2026.
The Standard & Poor's 500 index shed 1% this week as the market benchmark transitioned to 2026 following its third consecutive year of double-digit percentage gains. The S&P 500 ended at 6,858.47 on Friday, up 0.2% in its first trading session of the new year but down from last week's close. The index locked in a 16% gain for 2025 on Wednesday.
By Michael S. Derby. The Federal Reserve Bank of New York's standing repo operation loaned a record amount of cash Wednesday to eligible financial firms, as these companies managed liquidity needs on the final trading day of 2025. The firms borrowed $74.6 billion from the central bank, in loans collateralized with $31.5 billion in Treasury bonds and $43.1 billion in mortgage-backed securities.
With the muni calendar "heating up" ahead of another projected year of record issuance, Jeff Lipton, The Bond Buyer's market intelligence strategist, expects "investor demand to comfortably digest the new supply given reinvestment needs and compelling yield and income opportunities."
Freddie Mac today published on its website the National Association of Insurance Commissioners 2025 filing year designations for certain STACR REMIC Trust, STACR Trust, and STACR Debt Notes. Overall, of the 213 reviewed STACR Notes, 207 have achieved NAIC 1 Designation and 6 have achieved NAIC 2 Designation.
* U.S. stock indexes seesaw, were last modestly green. * European shares hit record highs, FTSE 100 reaches 10,000 points. * Focus on Fed policy as Powell's tenure nears end, delayed data crucial. * Gold, silver gains pause after record-breaking year, dollar strengthens. By Stephen Culp.
Some industry observers are expecting a continuing rise in public private partnerships as the total value of infrastructure assets under management is up.
* Shorter-term yields fell the most at year-end. * Overall yields also fell as markets anticipated rates cuts. * Traders monitor for data that could point to further cuts. By Matt Tracy. Jan 2 - U.S. Treasury yields edged higher in the New Year's first day of trading, as market participants look to ?next week's employment reports for signs of the economy's direction in 2026.
A three-judge panel said the department could not prove the project was a modification of the existing infrastructure, which would have given it the authority to issue bonds.
* US data next week likely to dictate near-term currency movement. * Yen near 10-month low as intervention risk continues. * Euro, pound edge lower vs. dollar. By Chuck Mikolajczak. The U.S. dollar began 2026 stronger on Friday, snapping last year's slump against most currencies as investors look ahead to a critical week of economic data that could steer Federal Reserve policy and global markets.
Financial stocks were mixed in Friday afternoon trading, with the NYSE Financial Index fractionally higher and the State Street Financial Select Sector SPDR ETF decreasing 0.3%. The Philadelphia Housing Index was rising 0.9%, and the State Street Real Estate Select Sector SPDR ETF was down 0.2%. Bitcoin was increasing 1.9% to $90,423, and the yield for 10-year US Treasuries was rising 2 basis p...
Statistics Canada has flagged Jan. 8 as the release date for the October trade report, but this date is still preliminary given residual impacts from the earlier U.S. government shutdown, notes RBC in its Forward Guidance note released this Friday.
US manufacturing output growth decelerated in December as new orders fell for the first time in a year, while firms' outlook waned slightly, S&P Global (SPGI) said Friday. The manufacturing purchasing managers' index for last month was unrevised from the flash reading of 51.8, dropping from November's 52.2 reading and matching the consensus estimate in a survey compiled by Bloomberg.
* Canadian dollar falls 0.1% against the greenback. * Currency heads for 0.5% weekly decline. * Factory PMI remains below 50 no-change mark. * 10-year yield rises 3.7 basis points to 3.472% By Fergal Smith.
Financial stocks were softer in Friday afternoon trading, with the NYSE Financial Index fractionally lower and the State Street Financial Select Sector SPDR ETF decreasing 0.3%. The Philadelphia Housing Index was rising 0.9%, and the State Street Real Estate Select Sector SPDR ETF was down 0.2%. Bitcoin was increasing 1.9% to $90,423, and the yield for 10-year US Treasuries was rising 2 basis p...
Labour market data will be back in focus next week with the release of Canadian and U.S. December employment reports on Friday, the first major Canadian data release of 2026 and an important input ahead of the Bank of Canada's January policy decision, RBC Economics said in its latest 'Forward Guidance' note of this Friday.
European stock markets closed higher in Friday trading as the Stoxx Europe gained 0.6%, Germany's DAX was up 0.1%, the FTSE 100 advanced 0.2%, France's CAC rose 0.6%, and the Swiss Market Index increased 0.2%. UK's FTSE 100 index on Friday briefly exceeded 10,000 points for the first time before paring gains, CNBC reported.
CHICAGO, Jan. 2, 2026 ?Ziegler is pleased to announce the successful closing of Larksfield Place's $45,205,000 Series 2025 Bonds issued through the City of Wichita, Kansas.
Canada's manufacturing sector contracted for an 11th straight month in December as trade uncertainty contributed to a steeper decline in output and new orders, data showed ?on Friday. The S&P Global Canada Manufacturing Purchasing Managers' Index edged up to ?48.6 last month from 48.4 in November, extending its streak ?of readings below the 50 threshold ?since February.
$55 million in interest rate subsidy, higher per-member limits, and streamlined access deliver up to 200 basis point savings for Illinois and Wisconsin The Federal Home Loan Bank of Chicago today announced the opening of its Community Advance product for 2026, reaffirming its commitment to affordable housing and local development. This press release features multimedia.
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) today announced monthly dividend distributions of $0.065 per common share for the months of January, February, and March 2026. Portfolio and municipal market commentary will be published on or around January 2, 2026 and can be retrieved here.
US equity markets are poised to get a boost from strong corporate earnings this year as spending continues on artificial intelligence, while macro volatility and a change of Federal Reserve chair cloud the near-term monetary policy path, according to analysts.
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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