* Yen volatile as markets speculate about rate checks. * Bank of Japan keeps rates steady. * Dollar selling intact as Greenland saga rumbles on. * Trump touts 'total access' Greenland deal with NATO. By Hannah Lang. NEW YORK, Jan 23 - The yen was volatile on Friday, with two sudden spikes raising market speculation that authorities had conducted a rate check, often a precursor to intervention.
* * S&P Global survey shows exports hit nine-month low in January. * Consumer sentiment improves in January, University of Michigan survey shows. By Lucia Mutikani. U.S. business activity was steady in January as an improvement in new orders was offset by a lackluster labor market and lingering concerns among firms over higher costs because of import tariffs, a survey showed on Friday.
Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index decreasing 0.9% and the State Street Financial Select Sector SPDR ETF dropping 1.5%. The Philadelphia Housing Index was falling 1.8%, and the State Street Real Estate Select Sector SPDR ETF was up 0.1%. Bitcoin was increasing 1.5% to $90,730, and the yield for 10-year US Treasuries was slightly higher at 4.25...
Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index decreasing 0.9% and the State Street Financial Select Sector SPDR ETF dropping 1.5%. The Philadelphia Housing Index was falling 1.8%, and the State Street Real Estate Select Sector SPDR ETF was up 0.1%. Bitcoin was increasing 1.5% to $90,730, and the yield for 10-year US Treasuries was slightly higher at 4.25...
World leaders and business executives departed from Davos after an eventful World Economic Forum annual meeting which was dominated by U.S. President Donald Trump. Here's what we learned: GEOPOLITICS Europe learned the value of standing up to Trump.
Lower valuations, government support and loose fiscal policy set against a cyclical backdrop in China is encouraging investors to rotate into technology and diversify away from the U.S., UBS fund managers told Reuters this week in Davos, Switzerland. "We like ?China tech in particular because there's some success there.
Lower valuations, government support and loose fiscal policy set against a cyclical backdrop in China is encouraging investors to rotate into technology and diversify away from the U.S., UBS fund managers told Reuters this week in Davos, Switzerland. "We like ?China tech in particular because there's some success there.
* Global stocks flat as Greenland tensions ease. * Oil gains on Trump threats on Iran. * Potential for yen intervention in focus. * U.S. Treasury yields dip. By Sin?ad Carew and Iain Withers.
NEW YORK, Jan. 23, 2026 The Conference Board Leading Economic Index? for the US declined by 0.3% in November 2025 to 97.9, after declining by 0.1% in October to 98.2, down from 98.3 in September. "The US LEI fell again in both October and November," said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board.
* Bond investors consolidate positions ahead of Fed. * Friday's data supportive of Fed rate pause. * US yield curve flattens for 3rd day. By Gertrude Chavez-Dreyfuss.
US consumer sentiment improved to the highest reading since August as year-ahead inflation expectations reached a 12-month low, final University of Michigan survey results showed Friday. The main sentiment index rose to 56.4 in January from 52.9 in December.
New Jersey says the Lakewood Township School District failed to deliver an adequate education. The district says it is shortchanged by state funding formulas.
American households are starting 2026 on firmer footing, with sentiment ticking up to its highest level in five months and inflation worries slipping to levels not seen since early 2025, just as food prices tumble across grocery aisles.
Spot silver prices jumped to the key psychological level of $100 an ounce ?level for the first time on ?Friday as robust demand ?and buying momentum ?fueled prices. Silver's ?run toward the $100 an ounce ?mark comes as investors ?pile into safe-haven assets in the ?backdrop of geopolitical ?turmoil, ?and amid expectations of lower interest rates by the U.S. ?Federal Reserve.
Saudi Arabia will host the World Economic Forum Global Collaboration and Growth Meeting: Building Common Ground and Reviving Growth in Jeddah on 22-23 April 2026, it was announced on the closing day of the 56th Annual Meeting of the Forum in Davos, Switzerland. This press release features multimedia.
U.S. consumer sentiment improved across the board in January, though concerns about high prices and the labor market lingered, a survey showed on ?Friday. The University of Michigan's Surveys of Consumers said its Consumer ?Sentiment Index increased to a final reading of ?56.4 this month, from an ?earlier estimate ?of 54.0. The index was at 52.9 in December.
The University of Michigan consumer sentiment index was revised up Friday to a reading of 56.4 for January from the 54.0 print in the preliminary estimate, compared with expectations for no revision in a survey compiled by Bloomberg. That was still above the final reading of 52.9 in December.
U.S. business activity was steady in January as an improvement in new orders was offset by a lackluster labor market and lingering concerns among firms over higher costs because of import tariffs, a survey showed on Friday. S&P Global said its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, inched down to 52.8 this month from 52.7 in December.
Bain Capital Specialty Finance, Inc. (BCSF) announced that it has priced an offering of $350 million aggregate principal amount of 5.950% senior notes due 2031. The offering is expected to close on or about January 29, 2026, subject to satisfaction of customary closing conditions.
Washington has threatened senior Iraqi politicians with sanctions targeting the Iraqi state - including potentially its critical supply of oil revenue sourced via the Federal Reserve Bank of New York - should Iran-backed armed groups be included ?in the next government, four sources told Reuters.
Canadian new home prices continued to slip in December, Bank of Montreal noted. Among highlights, BMO noted the house-only component of the index dropped 0.2% month over month from the previous month, pushing the year-ago contraction lower still and pointing to further relief in homeowners' replacement costs in January, noted the bank.
Mexico's economy unexpectedly contracted in November due to declines in manufacturing and mining, official data showed on Friday, prompting analysts to underline the need ?for caution ahead of the next central bank rate decision. National statistics agency INEGI ?reported that economic activity fell 0.1% compared with the same ?month in 2024, well below expectations for a ?1% increase.
DAVOS, Switzerland---- The United Nations Convention to Combat Desertification Secretariat and the UNCCD COP16 Presidency, led by the Kingdom of Saudi Arabia, today announced the official launch of the Business4Land Champions? Council at a high-level event hosted at InTent during the World Economic Forum Annual Meeting in Davos. This press release features multimedia.
European discount retailer Pepco does not plan to raise prices to boost margins, instead banking on improved efficiency amid subdued consumer sentiment, the finance head ?of its main brand said on Friday. "Our ?model is not to ?increase prices," Hugo van Santen, chief financial officer of the Pepco brand, told Reuters ?in an interview.
* Yen volatile as markets speculate about rate checks. * Bank of Japan keeps rates steady. * Dollar selling intact as Greenland saga rumbles on. * Trump touts 'total access' Greenland deal with NATO. By Ankur Banerjee and Sophie Kiderlin.
* Global stocks flat after Greenland tensions ease. * Oil gains on Trump threats on Iran. * BOJ holds rates as expected, yen choppy. * Dollar stabilises near weakest levels of 2026. By Iain Withers and Gregor Stuart Hunter.
The upcoming Bank of Canada meeting on Wednesday will take place against a backdrop of softening Canadian data, with the labor market still showing signs of slack, said UBS.
The main US stock measures were pointing lower before the opening bell Friday as traders digest the latest economic data and chipmaker Intel's (INTC) quarterly results and outlook. The S&P 500 and the Nasdaq edged down 0.1% each in premarket activity while the Dow Jones Industrial Average was off 0.2%. The indexes finished the previous trading session in the green.
Kazakhstan's central bank Friday said it kept its base rate unchanged at 18.00%, as inflation risks remain elevated. ING said NBK's was in line with consensus. The bank predicts inflation in 2026 to trend toward the upper end of the NBK's official forecast range of 9.5%-12.5%. This limits the scope for meaningful rate cuts from current levels.
Investors who have been consumed by geopolitical turmoil to start the year may switch focus in the coming week to prospects for artificial intelligence-related profits and the path for interest rates, with a huge crop of earnings reports and a Federal Reserve meeting on tap.
* About one fifth of S&P 500 set to post quarterly results. * Microsoft (MSFT), Apple (AAPL), Tesla among those due to report. * Fed expected to hold rates steady on Wednesday as independence questions hover. By Lewis Krauskopf.
Multilateral lender AfreximBank terminated its relationship ?with credit rating ?firm Fitch on Friday, ?due to ?what ?it said was ?a "firm ?belief" that the agency's rating exercise ?no ?longer ?reflected the bank's establishment agreement.
Asian stock markets largely gained on Friday on declining geopolitical tensions in Europe, and on signs of moderation from the two major regional central banks, the Bank of Japan and the People's Bank of China. Hong Kong, Shanghai and Tokyo finished in the green, as did most other regional exchanges.
* Government circumvented parliament on budget due to lack of majority. * Le Pen warns government's backers of electoral consequences. * PM says deficit won't top 5% of GDP, still exceeds EU cap. By Elizabeth Pineau and Dominique Vidalon.
Japanese Finance Minister Satsuki Katayama said on ?Friday she was watching currency markets closely, ?but declined to comment on ?speculation among traders that authorities ?had checked ?currency rates with banks - a prelude to ?potential intervention.
The current world order is changing but its transformation is ?not a rupture, European Central ?Bank President Christine Lagarde ?said on Friday, pushing ?back ?on Canadian Prime Minister Mark ?Carney's argument that "we ?are in the midst of a rupture". "I'm ?not exactly ?on ?the same page as Mark," Lagarde told the World ?Economic Forum in Davos.
* Yen volatile as markets speculate about rate checks. * Bank of Japan keeps rates steady. * Dollar selling intact as Greenland saga rumbles on. * Trump touts 'total access' Greenland deal with NATO. By Ankur Banerjee and Sophie Kiderlin.
German ultra-long-dated bond yields looked on track for their sharpest weekly rise in nearly two months on Friday, as traders braced for continued supply pressure and shrugged off mixed purchasing managers' index data.
Taiwan looks forward to even more semiconductor investment in Arizona to bolster ties with the United States, President Lai Ching-te told a visiting senator from the state on Friday. U.S. President Donald Trump has ?pushed the major producer of semiconductors, which runs a large trade surplus with the ?United States, to invest more in the U.S., specifically in ?chips that power AI.
Taiwan looks forward to even more semiconductor investment in Arizona to bolster ties with the United States, President Lai Ching-te told a visiting senator from the state on Friday. U.S. President Donald Trump ?has pushed the major producer of semiconductors, which runs a large trade surplus with ?the United States, to invest more in the U.S., specifically in ?chips that power AI.
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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