The latest Global Economic Conditions Survey published by ACCA and IMA found a gloomy outlook clouding Q4 2025. Highlights and the full report are available at https://www.imanet.org/about-ima/gecs. The Global New Orders Index suffered a third consecutive quarterly decline, raising the risk of some moderation in global growth, although it remains significantly above its pandemic-era low.
The rate of senior loan writedowns by private credit funds has tripled since 2022 as higher interest rates have pressured the riskier companies that borrow from these shadow banking ?entities, MSCI said in a report on Thursday.
Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, voiced optimism about the U.S. economy, forecasting sustained growth and easing inflation.
Putting Youth Voices at the Heart of Global Conversation to Create Solutions to Shape Future Policy, Industry & Society ST.?GALLEN, Switzerland, Jan. 15, 2026 ?Institut auf dem Rosenberg, recently named "Best School in the World" by Premium Europe, will make history in January 2026, as the first school ever to host during the World Economic Forum.
Canada's housing market was still chilled in December, with existing home sales falling 2.7% in the month and 4.5% from a year ago, said Bank of Montreal. With new listings also down 2% in the month, the market balance didn't change much at the national level, and remains balanced overall, noted the bank.
The US dollar rose against its major trading partners early Thursday, except for a decline against the yen, ahead of a busy day of economic releases, starting with weekly jobless claims, import and export prices for November, and manufacturing data for January from the New York and Philadelphia Federal Reserve Banks, all at 8:30 am ET.
Morgan Stanley's (MS) profit beat analysts' expectations in the fourth quarter, fueled by a 47% jump in investment banking revenue as dealmaking surged and debt underwriting fees nearly doubled. A flurry of large transactions propelled global mergers and acquisitions past $5.1 trillion last year as exuberance over AI and rate cuts by the Federal Reserve encouraged companies to pursue buyouts.
Canadian existing home sales fell 2.7% month-over-month seasonally adjusted in December, said Scotiabank after the release of data from the Canadian Real Estate Association on Thursday. Weather likely played a role as winter gripped large parts of the country earlier than normal in recent years, stated the bank. MT Newswires does not provide investment advice.
Orla Mining (ORLA) late on Wednesday provided an update on its South Railroad gold project in Nevada that includes the results of a feasibility study and board of directors' approval to begin spending for detailed engineering, procurement and project execution. The study reaffirms the project's strong economics, the company said.
Commerzbank in its "European Sunrise" note of Thursday highlighted: Markets: United States Treasuries turn sideways in late New York session, soften in Asia, Japanese government bond curve flattens. Fed: Federal Reserve Bank of Minneapolis President Neel Kashkari says inflation is too high, but trending in the right direction.
Brazil's central bank ordered on Thursday the liquidation of brokerage REAG, currently known as CBSF, according to a document ?signed by Governor Gabriel Galipolo, in the latest ?fallout from the collapse of mid-sized lender ?Banco Master.
MUFG said the Bank of England is expected to cut rates by a further 50bps this year. Yields in the United Kingdom are still under downward pressure at the start of this year both at the short and long end of the curve, wrote the bank in a note to clients.
* Traders on watch for BoJ intervention to support yen near 160. * Concerns over possible increased fiscal spending weigh on Japanese currency. * Risks to Fed independence remain under the spotlight. * German data offers mild support to euro, Greenland in focus. By Stefano Rebaudo.
China will further diversify export markets and promote a more "balanced" ?development of trade, its commerce ?minister said, after the ?country posted a record ?trade surplus ?of nearly $1.2 trillion in ?2025 led ?by booming exports to non-U.S. markets.
U.S. bond investors are bracing for higher long-term yields as a criminal investigation into Federal Reserve Chair Jerome Powell has fueled expectations of elevated inflation, a move that could end up amplifying affordability concerns.
U.S. President Donald Trump's tariff decisions since he took office in January 2025 have shocked financial markets and sent a wave of uncertainty through the global economy.
Sterling slightly pared its fall against the dollar on Thursday after UK economic data showed the economy grew more strongly than expected in November, but failed to affect the policy rate outlook. Traders priced in around 40 basis ?points of Bank of England rate cuts by September.
Caledonia Mining (CMCL) said late Wednesday it priced a $125 million private placement of 5.875% convertible senior unsecured notes due Jan. 15, 2033, upsized from a previously planned $100 million. Initial purchasers have an option to purchase up to an additional $25 million of the notes.
The German economy grew ?by 0.2% in ?the final ?quarter of ?last ?year and ?increased ?by 0.2% over the full-year ?2025, ?the ?Federal Statistics Office said on Thursday. The ?full-year increase in gross domestic product compared ?with ?a forecast by ?analysts polled by Reuters for 0.2% growth in 2025.
The European Central Bank's cooperation with the U.S. Federal Reserve will continue, ECB Vice-President Luis de Guindos told Politico in an interview published on Thursday, reaffirming support for the principle of central bank independence.
The European Central Bank's cooperation with the U.S. Federal Reserve will continue, ECB Vice-President Luis de Guindos told Politico in an interview published on Thursday, reaffirming support for the principle of central bank independence.
* * Move seen as signaling possible benchmark rate reductions. * PBOC has some room for rate, reserve ratio cuts, deputy gov says. China's central bank announced on Thursday cuts to sector-specific interest rates to provide an early boost to the ?economy, and signalled it has room this year for further reductions in banks' cash reserve requirements and for broader rate cuts.
* China 2025 new yuan loans 16.27 trln yuan, lowest since 2018. * Dec new yuan loans beat f'cast. * PBOC announces targeted monetary policy easing. BEIJING, Jan 15 - China's new bank loans totalled 16.27 trillion yuan in 2025, the lowest since 2018, highlighting weak borrowing needs as a prolonged property downturn and tepid demand suppressed business and household appetite for credit.
China will cut interest rates on various ?structural monetary policy ?tools by 25 basis points ?and boost ?its ?re-lending programme for ?supporting tech innovation ?by 400 billion yuan ?to ?1.2 ?trillion yuan, the central bank said on Thursday.
Chinese banks extended 910 billion yuan in new loans in December, up from 390 billion ?yuan in November and beating expectations, according ?to Reuters calculations based on ?data from the People's Bank ?of ?China on Thursday. The figure was above 800 ?billion yuan expected ?by 19 analysts polled by Reuters but lower than ?the 990 ?billion recorded ?in December 2024.
Rolling back the dollar's near 50% rise over the past 15 years was a pillar of Donald Trump's economic agenda. As the U.S. president heads to the World Economic Forum in Davos next week and celebrates the anniversary of his second inauguration, the mood around the greenback seems to have turned - even among some of last year's biggest bears. The reasons are relatively straightforward.
Reuters sat down with U.S. President Donald Trump for an interview in the Oval Office on Wednesday. TRUMP'S DOING IT HIS WAY. Trump repeatedly dismissed concerns by the public, business leaders and even his fellow Republicans on issues ranging from the future of Greenland and the criminal investigation into Federal Reserve Chairman Jerome Powell, to the state of the economy.
Reuters sat down with U.S. President Donald Trump for an interview in the Oval Office on Wednesday. TRUMP'S DOING IT HIS WAY. Trump repeatedly dismissed concerns by the public, business leaders and even his fellow Republicans on issues ranging from the future of Greenland and the criminal investigation into Federal Reserve Chairman Jerome Powell, to the state of the economy.
The Bank of Japan will likely wait until July before raising its key interest rate again, economists say, with more than 75% of them expecting it to climb to 1% or higher by September from the current three-decade high of just 0.75%.?. While the BOJ is expected to eventually lift rates a few more times to reach a median expected terminal rate of 1.5%, it remains well out ?of step with its gl...
The dollar reached a six-week high on Thursday after data showed that the number of Americans filing new applications for unemployment benefits unexpectedly fell last week, further boosting expectations that the Federal Reserve will keep rates on hold for the next several months.
U.S. President Donald Trump sat for an interview with Reuters in the Oval Office on Wednesday. FEDERAL RESERVE INDEPENDENCE. "A president should have something to say" about Fed policy, Trump said. Asked if he will remove Powell, Trump said, "I don't have any plan to do that." On the pushback by ?some Republican senators against the Justice Department probe, Trump said, "I don't care.
U.S. President Donald Trump sat for an interview with Reuters in the Oval Office on Wednesday. FEDERAL RESERVE INDEPENDENCE. "A president should have something to say" about Fed policy, Trump said. Asked if he will remove Powell, Trump said, "I don't have any plan to do that." On the pushback by ?some Republican senators against the Justice Department probe, Trump said, "I don't care.
U.S. President Donald Trump said on Wednesday he has no plans to fire Jerome Powell despite a Justice Department criminal investigation into the Federal Reserve chair, but it was "too early" to say what he would ultimately do. "I don't have any plan to do that," Trump told Reuters in an interview when asked if he would attempt to remove Powell ?from his job.
U.S. President Donald Trump said on Wednesday he has no plans to fire Jerome Powell despite a Justice Department criminal investigation into the Federal Reserve chair, but it was "too early" to say what he would ultimately do. "I don't have any plan to do that," Trump told Reuters in an interview when asked if he would attempt to remove Powell ?from his job.
* Pakistan signs deal with World Liberty affiliate SC Financial Technologies. * Deal will explore 'emerging digital payment architecture' * World Liberty CEO Zach Witkoff in Pakistan for talks. * Central bank plans digital currency pilot, virtual asset regulation. By Ariba Shahid.
While the U.S. CPI inflation report on Tuesday showed a slightly softer-than-expected annual increase in core prices, there's little reason for consumers or policymakers to cheer. For consumers, the sharp spike in food prices is a reminder - as if one were needed - of the ongoing affordability crisis.
* December wholesale prices up 2.4% yr/yr, matches forecast. * Yen-based import price index flat after 10 months of declines. * Weak yen may push up import prices, broader inflation. By Leika Kihara.
U.S. Treasury Secretary Scott Bessent met Japanese Finance Minister Satsuki Katayama on Monday and "emphasized the need for sound formulation and communication of monetary policy," the U.S. Treasury Department said in a statement on Wednesday.
Innventure, Inc. (INV), an industrial growth conglomerate, today announced that it has closed its previously announced registered direct offering of common stock to four institutional investors via a securities purchase agreement.
Major US equity indexes closed lower Wednesday amid disappointing bank earnings, mixed wholesale price inflation, and escalating geopolitical turmoil. * The US producer price index rose 0.2% in November, matching expectations and following a 0.1% gain in October.
January got off to a good start, with muni yields rallying through Jan. 7. Since then, yields have been steady to slightly richer in spots, with muni yields seeing some strength in the front end and belly of the curve.
CHICAGO, Jan. 14, 2026 John Koudounis, President and CEO of Calamos Investments, will participate in two marquee events during the 56th Annual World Economic Forum in Davos-Klosters, Switzerland, January 19?23, 2026.
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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