The US dollar fell against its major trading partners early Monday as focus turns to the policy setting two-day Federal Open Market Committee meeting conclusion Wednesday and the potential for another government shutdown at the end of the week.
* Yen rallies 1.4%, hits more than two-month high. * NY Fed rate check drove Friday surge in Japanese currency. * Investors await Federal Reserve meeting, possible chair announcement. By Samuel Indyk and Gregor Stuart Hunter.
Onity Group Inc. (ONIT) today announced that its subsidiaries PHH Corporation and PHH Escrow Issuer LLC launched an offering of $150 million aggregate principal amount of 9.875% Senior Notes due 2029, subject to market and other conditions.
The TSX equity index plunged early last week on tensions between Europe and the United States over Greenland, said TD. It staged a relief rally, more than fully recouping those losses after President Donald Trump eased fears of military action in the region and a renewed trade war with Europe.
The benchmark US stock measures were pointing lower before the opening bell Monday as traders await earnings from major technology companies and a key policy decision by the Federal Reserve later in the week. The S&P 500 declined 0.2%, the Dow Jones Industrial Average was slightly in the red and the Nasdaq decreased 0.3% in premarket activity.
MKS Inc. (MKSI) today announced that it intends to offer ?1.0 billion aggregate principal amount of senior notes due 2034 in a private offering. The notes will be unsecured, senior obligations of MKS, and will be guaranteed on a senior unsecured basis by certain subsidiaries of MKS.
* Record $18 billion profit remittances in December, central bank data shows. * New 10% tax on profit remittances starts in January under Lula's administration. * Brazil's current account deficit stable at 3.02% of GDP, financed by direct investment. By Marcela Ayres.
Canada's economic calendar kicks off the week with the Bank of Canada's first meeting of 2026 on Wednesday, where no change to the overnight rate is expected, said RBC. At December's policy meeting, Governor Tiff Macklem reiterated the BoC's holding bias, contingent on moderate growth and stabilizing inflation.
Jan 26 - ?. What matters in U.S. and global markets today. By Mike Dolan, Editor-At-Large, Finance and Markets. Gold seemed unstoppable on Monday as it?topped $5,000 per ounce for the first time ever, vaulting more than 80% over the past 12 months. What's the trigger for the latest surge? Central bank buying and retail speculation also continue to boom. I'll get into all that and more below.
Brazil's current account deficit ?reached ?3.02% of GDP ?in ?2025 ?from 3.03% ?in ?2024, central bank data showed ?on ?Monday. In ?December, the current account ?posted a deficit of $3.363 billion, narrower ?than ?economists' expectations in ?a Reuters poll for a $5.3 billion shortfall.
The S&P 500 and the Nasdaq advanced for a fourth consecutive session on Monday, as investors geared up for a slew of mega-cap earnings and a Federal Reserve update on interest rate policy later this week. Both indexes hit their highest levels in more than a week and registered their longest string of advances since December.
Gold prices extended their record-setting rally to surge past $5,100 on Monday as central banks and investors sought refuge from geopolitical risks and Trump-induced market volatility.
The Bank of Canada is widely expected to keep its policy interest rate on hold at 2.25% on Wednesday but economists and money markets are divided over where Canada's monetary policy cycle is headed for the rest of the year due to economic uncertainty. From December, money markets have started betting on odds of a rate hike late this year after a long ?pause for most of the year.
The Federal Reserve is expected to hold interest rates steady this week at a meeting overshadowed by a Trump administration criminal investigation of U.S. central bank chief Jerome Powell, an evolving effort to fire Fed Governor Lisa Cook, and the coming nomination of a successor to take over for Powell in May. Only three scheduled policy meetings remain in Powell's eight-year stint as the worl...
The battle for Federal Reserve independence has already gone up several gears this year, yet the central bank is showing little sign of capitulation - and now it has support from the Supreme Court and senior politicians. Whether that has emboldened the Fed to push back hard on pressure for faster rate cuts will be the key test this week.
* Threats against Powell, Cook's attempted removal put focus on independence. * Fed expected to hold interest rates steady, focus shifts to leadership changes. * Trump to nominate new US central bank chief soon. By Howard Schneider.
US equity investors will focus on a flood of quarterly earnings, including from big tech, while keeping an eye on Federal Reserve policy announcements this week. * The main emphasis will be on Magnificent-7 as the group remains, collectively on an equal weight basis, below its closing level at the end of last year, as reflected by the Roundhill Magnificent Seven ETF.
Societe Generale in its early Monday economic news summary pointed out: -- The US dollar swoons as Japan ups intervention rhetoric, Asia/USD bid led by yen and South Korea's KRW. -- New York Fed checked yen spot rates on Friday, signaling coordination with Japan. -- Week ahead: Federal Reserve, Sweden's Riksbank and Bank of Canada forecast to stand pat.
U.S. Supreme Court justices appear reluctant to grant President Donald Trump's request to let him immediately remove Federal Reserve Governor Lisa Cook.
U.S. Supreme Court justices appear reluctant to grant President Donald Trump's request to let him immediately remove Federal Reserve Governor Lisa Cook.
Bank of Japan money market data on Monday indicated that a spike in the yen rate against ?the dollar on Friday was not likely ?the product of official Japanese intervention. The ?central bank's projection for ?Tuesday's money ?market conditions indicated a 630 billion yen net outflow of ?funds.
* Yen rallies 1.4%, hits more than two-month high. * NY Fed rate check drove Friday surge in Japanese currency. * Investors await Federal Reserve meeting, possible chair announcement. By Samuel Indyk and Gregor Stuart Hunter.
Euro zone bond yields nudged lower on Monday but benchmark German yields dropped less than U.S. ones and struggled to break far from their one-month top hit on Friday, with analysts saying the medium-term path for Bund yields is higher.
Bank of ?Japan ?money market data ?on ?Monday ?indicated ?that ?a spike in ?the ?yen ?rate against the dollar ?on Friday was not ?likely ?the product ?of official Japanese intervention.
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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