Global stocks mostly fell, while oil and Treasury yields rose on Thursday, as investors reacted nervously to U.S. President Donald Trump's call for a huge increase in defense spending and awaited key U.S. employment figures on Friday. 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 equity benchmarks closed mixed Thursday, with the Nasdaq Composite snapping a three-day advance, as investors evaluated fresh labor market data ahead of Friday's key jobs report.
The U.S. economy may be on track to post an exceptionally strong expansion in the fourth quarter of 2025, helped in large part by a sharp narrowing in the trade deficit following tariffs implemented under President Donald Trump.
* Oil prices rise as traders watch Venezuela developments. * Eyes on US nonfarm payrolls; bets of two more Fed cuts remain. * S&P 500 near flat. By Caroline Valetkevitch. Major stock indexes were mixed and Treasury yields rose on Thursday ahead of Friday's key U.S. jobs report, while defense company shares gained amid U.S. President Donald Trump's ?plans for a $1.5 trillion military budget.
PITTSBURGH, Jan. 8, 2026 /PRNewswire/ -- Federated Hermes, Inc. (FHI), a global leader in active investing, today announced that R.J. Gallo, CFA, senior vice president and deputy chief investment officer for global fixed income and co-head of the Municipal Bond Group, will become CIO for global fixed income, succeeding Robert Ostrowski, CFA, executive vice president and current CIO for global fixed i...
* Defense stocks climb as Trump proposes bigger military budget. * Ford rises after Piper Sandler upgrades rating, raises PT. * Weekly jobless claims rise less than expected. By Purvi Agarwal and Noel Randewich.
CHICAGO, Jan. 8, 2026 Ziegler, a specialty investment bank, is pleased to announce the successful closing of Jennings Center for Older Adults' $14,565,000 Series 2025 Bank Direct Placement Refunding Revenue Bonds for the Senior Living Finance Practice. Jennings Center for Older Adults is a multi-site not-for-profit senior living organization located throughout northeast Ohio.
Financial stocks rose late Thursday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each increasing 0.8%. The Philadelphia Housing Index was climbing 3.4%, and the State Street Real Estate Select Sector SPDR ETF added 0.7%. Bitcoin shed 0.7% to $90,603, and the yield for 10-year US Treasuries rose 5 basis points to 4.18%. In economic news, ...
* Loonie touches its weakest since December 5 at 1.3888. * Canada posts smaller-than-expected trade deficit. * 10-year yield rises 1.1 basis points to 3.409% By Fergal Smith. The Canadian dollar steadied near a one-month low against its U.S. counterpart on Thursday as the recent increase ?in geopolitical uncertainty weighed on commodity-linked currencies and investors awaited domestic jobs data.
Financial stocks were advancing in late Thursday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each rising 0.8%. The Philadelphia Housing Index was climbing 3.4%, and the State Street Real Estate Select Sector SPDR ETF added 0.7%. Bitcoin shed 0.7% to $90,603, and the yield for 10-year US Treasuries rose 5 basis points to 4.18%. In corpor...
* US weekly jobless claims rise marginally. * Data and concerns over Greenland weigh on euro. * Dollar index hits near one-month high. * Japan-China tensions under the spotlight. By Chibuike Oguh.
Fed Governor Stephen Miran said in an interview with Bloomberg TV that he expects 150 basis points of rate reduction in 2026, suggesting that the FOMC has maintained rates too high for too long, holding back the US economy as a result.
US nonfarm payrolls are expected to rise by 70,000 in December after a 64,000-jobs gain in November, based on a survey compiled by Bloomberg. The December employment report is due to be released at 8:30 am ET Friday.
KBRA assigns a long-term rating of AAA to the State of Ohio General Obligation Highway Capital Improvements Bonds, Series Z, and General Obligation Highway Capital Improvements Refunding Bonds, Series AA.
BlackRock's chief bond investment manager, Rick Rieder, has not been interviewed yet by U.S. President Donald Trump for the Federal Reserve top job, Treasury Secretary Scott Bessent said on Thursday, adding that he ?expects the nominee to be announced later this month.
BlackRock's chief bond investment manager, Rick Rieder, has not been interviewed yet by U.S. President Donald Trump for the Federal Reserve top job, Treasury Secretary Scott Bessent said on Thursday, ?adding that he expects the nominee to be announced later this month.
President Donald Trump told The New York Times he has decided on the next Federal Reserve Chair but won?t disclose the name, while Treasury Secretary Scott Bessent said rate cuts are ?the only ingredient missing? for stronger economic growth. Trump said during a Wednesday night interview that he has a decision in mind but hasn?t discussed it with anyone.
The Federal Reserve will likely cut rates a little more to "address downside risks to the labor market" and then stop there, the Congressional Budget Office forecast on Thursday, with higher tariffs and increased demand from the ?Trump administration's tax cuts expected to keep inflation above the Fed's 2% target for ?the next several years.
In this third of a three-part 2026 municipal bond outlook series, Market Intelligence analyst Jeff Lipton explains how another year of heavy supply, surging ETF and SMA assets, climate and cyber risk, and growing use of bond insurance will drive muni market structure and strategy for both sell-side and buy-side stakeholders.
* Defense stocks climb as Trump proposes bigger military budget. * Ford rises after Piper Sandler upgrades rating, raises PT. * Weekly jobless claims rise less than expected. * S&P 500 -0.09%, Nasdaq -0.65%, Dow +0.54% By Purvi Agarwal and Noel Randewich.
Gold prices were steady midafternoon on Thursday even as the dollar rose after the United States reported its trade deficit narrowed to the lowest in 16 years in October. Gold for February delivery was last seen up US$0.10 to US$4.462.60 per ounce, remaining under the Dec. 26 record high of US$4,552.70, but still up 65% over the past 12 months.
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 1% and the State Street Financial Select Sector SPDR ETF up 1%. The Philadelphia Housing Index was climbing 3.5%, and the State Street Real Estate Select Sector SPDR ETF added 1.1%. Bitcoin was marginally lower at $91,082, and the yield for 10-year US Treasuries was rising 4 basis points to 4.17%...
Royal Bank of Canada (RY) and Deutsche Bank (DB) are pre-marketing about $1.8 billion of debt tied to Investindustrial's acquisition of TreeHouse Foods (THS), Bloomberg reported Thursday, citing people familiar with the situation.
* Banxico signals caution due to trade uncertainty and new tariffs. * Analysts expect rate cut pause amid inflation concerns. * New taxes and tariffs may temporarily impact inflation. By Brendan O'Boyle.
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 1.1% and the State Street Financial Select Sector SPDR ETF up 1%. The Philadelphia Housing Index was climbing 3.4%, and the State Street Real Estate Select Sector SPDR ETF added 1.1%. Bitcoin was marginally lower at $91,275, and the yield for 10-year US Treasuries was rising 4 basis points to 4.1...
A judge on Brazil's federal audit court on Thursday agreed to a request from the central bank to submit for a plenary decision on whether the court should inspect central bank documents related to the ?liquidation of Banco Master.
U.S. President Donald Trump said he has made ?a decision ?on who he ?would pick ?as ?the next Federal Reserve chairman ?but ?stopped short of disclosing his ?choice ?in an ?interview he gave to the New ?York Times. "I have in my mind a decision," ?Trump ?told the newspaper during an ?interview on Wednesday night.
Democratic ?Republic ?of Congo's ?central bank ?has ?decided ?to ?cut its ?main ?interest ?rate from 17.5% to ?15%, Governor Andre ?Wameso ?told ?reporters on Thursday.
The US trade deficit narrowed in October to its lowest since the middle of 2009 as exports hit the highest on record while imports fell, delayed government data showed Thursday. The goods and services deficit reduced 39% sequentially to $29.35 billion in October on a seasonally adjusted basis, the Census Bureau and the Bureau of Economic Analysis said.
Global economic growth is forecast to decline to 2.7% in 2026 from 2.8% last year before increasing to 2.9% in 2027 - still down from the pre-pandemic average of 3.2% between 2010 and 2019, according to a United Nations report released on Thursday.
* UN report says US economic growth forecast to edge up to 2.0% in 2026 and 2.2% in 2027. * In China, economy projected to grow by 4.6% in 2026 and 4.5% in 2027. * Growth in India forecast at 6.6% for 2026 and 6.7% for 2027. By Michelle Nichols.
* Indexes: Dow up 0.62%, S&P 500 up 0.05%, Nasdaq down 0.49% * Defense stocks surge as Trump proposes $1.5 trln 2027 budget. * Ford rises after Piper Sandler upgrades rating, raises PT. * Weekly jobless claims rise less than expected. By Purvi Agarwal and Nikhil Sharma.
* Both FTSE 100 and FTSE 250 end flat. * Defence stocks up after Trump calls for higher military budget. * Associated British foods (ASBFF) slides after cutting FY profit forecast.
LONDON, Jan. 8, 2026 ?Macro Advisory Partners, a leading geopolitical and global economics advisory firm, today announced the appointment of M. Bruno Le Maire as Senior Advisor. Macro Advisory Partners provides strategic counsel to corporations, investors and foundations navigating the intersection of geopolitics, global economics, and regulatory policy.
Bank of America (BAC) and Wells Fargo (WFC) will lead underwriting for $1.8 billion of sales tax and revenue bonds issued through the Kansas Development Finance Authority.
European stock markets closed mixed in Thursday trading as the Stoxx Europe declined 0.2%, Germany's DAX 40 and the FTSE 100 were little changed, France's CAC gained 0.1%, and the Swiss Market Index rose 0.2%. The euro area seasonally adjusted unemployment rate was 6.3% in November, down from 6.4% in October and up from 6.2% a year earlier, according to Eurostat, the statistical office of the E...
Federal Reserve Financial Services today announced new actions to better support the circulation of pennies for commercial activity. While the Federal Reserve continues to support penny deposits, local inventory constraints had limited that activity at some locations.
* Bloomberg Commodity Index rebalancing starts this week. * US weekly jobless claims increase marginally. * US nonfarm payrolls data due on Friday. * HSBC sees gold at $5,000/oz in first half 2026. By Anmol Choubey.
* New York Fed report finds rise in near-term expected inflation. * US consumers more concerned about job market, report says. * It finds less worry about current, future personal finances. By Michael S. Derby.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.16%. ?In the first full week of the new year, mortgage rates remained within a narrow range, hovering close to the 6% mark,? said Sam Khater, Freddie Mac?s Chief Economist.
There were further signs of stabilization in Canadian international trade flows in October, with the goods trade balance little changed in the month, edging down to a "small" $600 million deficit from the $0.2 million surplus in September, said RBC.
U.S. Federal Housing Finance Agency Director William Pulte ?said on Thursday ?he expects President ?Donald Trump will ?make ?a decision in the ?next month ?or two on whether to ?sell a ?piece ?of the U.S. mortgage agencies Fannie Mae ?and Freddie Mac in an initial public offering.
Dragos, Inc.: Summary: Dragos, Inc., the global leader in cybersecurity for operational technology environments, today announced CEO Robert M. Lee is returning as a speaker at the World Economic Forum Annual Meeting in Davos, Switzerland, speaking at the session, "On Guard, from Deep Sea to Orbit," on Wednesday, January 21, 13:15-14:00 CEST.
* Oil prices rise as traders watch Venezuela developments. * Eyes on US nonfarm payrolls; bets of two more Fed cuts remain. * Wall Street indexes mostly lower. By Caroline Valetkevitch and Marc Jones.
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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