Europe accounted for 80% of foreign buying of U.S. Treasuries from April to November last year, according to portfolio data tracked by Citi, suggesting little interest in the region for the 'Sell America' trade during last year's market turmoil.
* Inflation in a "good place", meeting minutes say. * ECB keen to avoid signalling direction of next rate move. * Markets bet on steady policy all year.
* Most foreign U.S. Treasury purchases from Europe since Liberation Day, data shows. * Talk of 'Sell America' trade back up after Greenland tensions. * Appetite for European and U.S. debt has been strong, Citi say. By Yoruk Bahceli.
US stock futures are tracking higher in Thursday's premarket session as investors look ahead to a slew of key economic data coming out later in the day, including gross domestic product, inflation, jobless claims, and crude oil inventories. Dow Jones Industrial Average futures were up 0.3%, S&P 500 futures were rising 0.5%, and Nasdaq futures were tracking 0.9% higher.
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* Reuters poll predicted 150 basis-point rate cut. * Central bank has cut by 900 basis points since last summer. * Erdogan says comprehensive policy steps taken in inflation fight. * Exports assembly head voices concern about tight policy. By Ezgi Erkoyun and Ece Toksabay.
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Northern Trust (NTRS) on Thursday reported a rise in fourth-quarter profit as a market rally lifted asset values, boosting fee income. Investor demand ?for AI-linked stocks, Federal Reserve rate cuts and easing tariff worries ?have powered a broad market rally, supporting asset managers ?and custodians. Fees from managing client assets are Northern's main source of revenue.
The US dollar fell against its major trading partners early Thursday, except for a gain versus the yen, ahead of the release of weekly jobless claims and revised Q3 gross domestic product data, both at 8:30 am ET.
European Central Bank policymakers are in no hurry to adjust interest rates as inflation is hovering near target but abundant risks mean they need to be ready to move once again, the accounts of their December meeting showed on ?Thursday.
* Mexico's inflation resumes upward trend at 3.77% * Central bank likely to pause rate cuts at February meeting. * New taxes drove price increases, particularly cigarettes and soft drinks. * Additional inflationary pressures ahead. By Aida Pelaez-Fernandez.
White House adviser Kevin Hassett, one of the candidates in the running to replace Federal Reserve Chair Jerome Powell, told CNBC in an interview on Thursday that ?the central bank's new chair should be "an independent person who respects ?the mandates".
The United Kingdom's inflation in December came in a bit above consensus forecasts, on stronger food prices, said Morgan Stanley. Food inflation will start subsiding from January and the bank continues to expect inflation at target in April. Morgan Stanley noted that is has tilted the next Bank of England rate cut from February into March.
White house adviser Kevin Hassett, who is a ?candidate to replace ?Federal Reserve Chair ?Jerome Powell, told CNBC ?in ?an interview on ?Thursday that ?the central bank's new chair should ?be "an ?independent ?person who respects the mandates". Hassett also praised ?BlackRock's chief bond investment manager, Rick Rieder, also in the ?running ?for the same position.
Goldman Sachs has raised its end-2026 gold price forecast to $5,400 per ounce from $4,900, citing strengthening structural demand for the metal. "The rally has accelerated since 2025 because central banks started competing for limited bullion with private sector investors," analysts Daan Struyven and Lina Thomas wrote in a Thursday note, according to Business Insider.
EUR/USD has slipped back below 1.170 in line, noted ING. The pair continues to be almost entirely driven by the US dollar moves and the unwinding of tariff risk on the back of a framework Greenland deal agreed at Davos, which is proving enough to revive some US dollar bulls, wrote the bank in a note. ING still sees risks extending to 1.1600 in the short term for EUR/USD.
* FTSE 100 up 0.7%, FTSE 250 up 1.37% * Trump's Greenland decision eases trade war fears. * Computacenter (CUUCF) up 10.2% on upbeat profit forecast. * Investors await US consumer spending ?and GDP data.
The German economy ended last year with momentum building but first quarter growth is likely to be modest, with inflation stabilising at 2%, the Bundesbank said in a monthly ?economic report on Thursday.
Societe Generale in its early Thursday economic news summary pointed out: -- Risk on, VIX -15.8% to 16.9 after NATO/United States off-ramp on Greenland. -- Australia employment gains 65,200 jobs in December, full-time 54,800, unemployment rate drops to 4.1%, lowest since last May. AUD/USD accelerates above 0.68-handle, three-year AGB +10bps at 4.27%, highest since November 2023.
Sterling edged up against both the euro and the U.S. dollar after recent economic data painted a mixed picture, bringing the Bank of England rate outlook back into focus. Investor attention shifted to the state of the economy ?after geopolitics dominated earlier in the week, as the prospect of a U.S.-Europe trade war unsettled markets.
The U.S. Supreme Court heard arguments on Wednesday over President Donald Trump's attempt to fire Federal Reserve Governor Lisa Cook. A RULING AGAINST TRUMP SEEMS LIKELY.
Malaysian equities inched higher, while the ringgit was steady on Thursday after the country's central bank kept its interest rate unchanged, expecting robust growth this year.
The Japanese government largely retained its cautiously optimistic view of the economy in its economic report published on Thursday, while warning of downside risks from U.S. trade policies.
Aditya Birla Sun Life Mutual Fund is lapping up 10-year and 14-year Indian government securities, on the view that the central bank will deliver one more policy rate cut and that India's bonds will eventually be added to another bond index, an ?executive at the asset manager said on Wednesday.
U.S. Supreme Court justices during arguments over President Donald Trump's bid to fire Federal Reserve Governor Lisa Cook seemed to embrace the idea that the central bank's independence to set monetary policy must be preserved and that eroding it would present real-world economic risks.
* Court weighs Fed independence versus presidential power. * Justices worry about economic risks of Cook's removal. * Economists underscore the importance of Fed independence. By Howard Schneider and Ann Saphir.
The Bank of Japan may be raising interest rates too rapidly, which could hurt the economy, the head of a small but rising opposition party said, as the country gears up for a general election next month. Sohei ?Kamiya said his Sanseito party's biggest priority was to revitalise the economy through tax cuts, particularly ?the consumption tax, and loose fiscal policy.
The Bank of Japan may be raising interest rates too rapidly, which could hurt the economy, the head of a small but rising opposition party said, as the country gears up for a general election next month. Sohei ?Kamiya said his Sanseito party's biggest priority was to revitalise the economy through tax cuts, ?particularly the consumption tax, and loose fiscal policy.
* Q4 GDP -0.3% q/q, versus +0.1% forecast. * Contraction due to unfavourable base effects, weak investments. * Economic growth seen stronger in 2026 on AI boom. * Central bank signals end to easing cycle. By Jihoon Lee and Cynthia Kim.
Ecuador will impose a 30% tariff on goods from Colombia, a major electricity provider, starting on February 1, President Daniel Noboa said on Wednesday, citing a trade deficit and a lack of cooperation on fighting drug trafficking on their shared border.
Australia's jobless rate dropped to a seven-month low and employment figures blew past forecasts in December, prompting markets to now factor in a more than 50% chance of an interest rate hike next month.
* Trump seeks to oust Federal Reserve Governor Lisa Cook. * Fed Chair Powell target of Trump administration probe. * Court mulls presidential powers related to central bank. By David Lawder.
Ripple?s Brad Garlinghouse called the WEF panel ?spirited? as Coinbase?s CEO defended bitcoin and stablecoins, while Villeroy warned of threats to monetary sovereignty and financial stability.
Uniti Group Inc. (UNIT) today announced that its subsidiaries, Uniti Services LLC, Uniti Fiber Holdings Inc., Uniti Group Finance 2019 Inc. and CSL Capital, LLC, have priced their offering of $1.0 billion aggregate principal amount of 8.625% senior notes due 2032.
Installed Building Products (IBP) said late Wednesday it closed a private offering of $500 million in aggregate principal amount of 5.625% senior unsecured notes due 2034. The company amended its existing $250 million asset-based lending revolving credit facility to increase commitments to $375 million and extend the maturity date to Jan. 21, 2031.
U.S. stocks jumped and Treasury yields fell on Wednesday after President Donald Trump said a framework of an agreement over Greenland had been reached, and that tariffs on several European countries scheduled for February 1 will no longer be imposed. 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.
U.S. stocks jumped and Treasury yields fell on Wednesday after President Donald Trump said a framework of an agreement over Greenland had been reached, and that tariffs on several European countries scheduled for February 1 will no longer be imposed. 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.
U.S. President Donald Trump on Wednesday indicated he was close to choosing the new chair of the Federal Reserve, adding he liked the idea of keeping White House economic adviser Kevin Hassett in his current post. "We're down to three, but we're down to two. Asked about Hassett, ?Trump said: "I'd like to actually keep him where he is if you want to know the truth.
* Trump tells CNBC he would like to keep Hassett in current role BlackRock's Rieder was impressive in interview, Trump says. * Trump expected to announce nominee soon. By Steve Holland.
Major US equity indexes rebounded Wednesday after President Donald Trump ruled out using force or tariffs to take control of Greenland. * Trump made the remarks during a speech at the World Economic Forum in Davos, Switzerland. * US Treasury yields were mixed, with longer-term rates edging lower.
Current events and financial developments outside of the muni sector mean that investors should hold off buying munis until rates correct, said Matt Fabian, president of Municipal Market Analytics.
CHICAGO, Jan. 21, 2026 Ziegler is pleased to announce the successful closing of Deerfield Episcopal Retirement Community's $357,225,000 Series 2026A, 2026B and 2026C Bonds.
Financial stocks rose late Wednesday afternoon trading, with the NYSE Financial Index adding 1% and the State Street Financial Select Sector SPDR ETF up 0.8%. The Philadelphia Housing Index was climbing 1.8%, and the State Street Real Estate Select Sector SPDR ETF increased 0.1%. Bitcoin rose 2% to $90,114, and the yield for 10-year US Treasuries shed 4 basis points to 4.26%. In economic news, ...
Financial stocks rose late Wednesday afternoon trading, with the NYSE Financial Index adding 1% and the State Street Financial Select Sector SPDR ETF up 0.8%. The Philadelphia Housing Index was climbing 1.8%, and the State Street Real Estate Select Sector SPDR ETF increased 0.1%. Bitcoin rose 2% to $90,114, and the yield for 10-year US Treasuries shed 4 basis points to 4.26%. In corporate news,...
The U.S. Supreme Court heard arguments on Wednesday over President Donald Trump's attempt to fire Federal Reserve Governor Lisa Cook. A RULING AGAINST TRUMP SEEMS LIKELY.
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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