A judge at Brazil's federal audit court TCU said on Monday that he may consider measures to prevent the sale of assets during the liquidation of Banco Master, a mid-sized lender shut down by the ?Brazilian central bank in November after months of liquidity problems. Judge Jhonatan de Jesus also ordered an ?inspection of central bank documents that underpinned its decision to wind down Master.
The best that can be said about Canada's economy in 2025 is that it likely skirted a recession, thanks to the duty-free status of USMCA-compliant goods, supportive fiscal and monetary policies, and the TSX's "blistering" 28% rally, BMO Capital Markets said in a note entitled '2026 Outlook: Resilience and Risks' and dated Jan. 5. Still, BMO said, real gross domestic product growth likely slowed ...
The sharp increase in tariffs imposed last year by the Trump administration may reduce inflation rather than increase it, according to research published Monday by the San Francisco Federal Reserve Bank, suggesting that interest-rate cuts may be the proper policy ?response.
* 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. By Dan Burns and Lucia Mutikani.
Kutak Rock is promoting several members of their public finance and tax teams as part of a move that sees 28 attorneys move into partnership roles in eleven offices.
Minneapolis Federal Reserve President Neel Kashkari said on CNBC that both sides of the central bank's dual mandate show signs of imbalance, with the labor market appearing more vulnerable.
Economic activity in the US manufacturing sector contracted for a 10th straight month in December and reached its lowest reading of 2025, a survey by the Institute for Supply Management showed Monday. The ISM purchasing managers' index fell to 47.9 last month from 48.2 in November.
United Rentals' (URI) core profit growth is likely to accelerate as a rebound in non-residential construction activity begins in the second half of this year, UBS Securities said in a note e-mailed Monday. The brokerage is projecting 5% year-over-year growth in the equipment rental company's earnings before interest, taxes, depreciation, and amortization this year, followed by a 7.2% jump in 2027.
Minneapolis Federal Reserve President Neel Kashkari on Monday said inflation is slowly trending down, but there is a risk the jobless rate could "pop" higher.
* Kashkari says he feels policy rate is close to neutral. * Top risks are inflation persistence, jump in unemployment rate: Kashkari. * US intervention in Caracas could affect US economy via oil prices: Kashkari. Minneapolis Federal Reserve President Neel Kashkari on Monday said inflation is slowly trending down, but there is a risk the jobless rate could "pop" higher.
Israel's central bank Monday said its Monetary Committee decided to lower the interest rate by 25bps to 4.0%, marking a consecutive reduction. The inflation environment has "moderated," the central bank noted in its policy statement, citing the fact that the consumer price index for November was at 2.4% year over year.
* Traders focus on US economic data over Venezuela events. * Dollar index flat after paring gains. * Investors await Trump's Fed chair pick, expect lower US rates. By Chibuike Oguh and Amanda Cooper.
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...
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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