* Dollar struggles to gain momentum, yen steadies. * Traders on alert for coordinated currency intervention. * Fed rate decision looms amid worries about independence. By Sophie Kiderlin and Rae Wee.
By Saqib Iqbal Ahmed and Sophie Kiderlin. The U.S. dollar fell for a fourth straight day on Tuesday, slipping to a four-month low, as traders kept watch for possible coordinated currency intervention by U.S. and Japanese authorities and a Federal Reserve interest rate decision.
Diversified Energy Co (DEC): * ?DIVERSIFIED ?ENERGY CO - ?DIVERSIFIED ?GAS & ?OIL CORP ?HAS SUCCESSFULLY ?PLACED A USD ?200 ?MILLION ?TAP ISSUE OF ?OUTSTANDING SENIOR SECURED BONDS DUE ?APRIL ?2029. * DIVERSIFIED ?ENERGY CO - TOTAL BOND OUTSTANDING INCREASES TO ?USD 500 MILLION Source text: Further ?company coverage:
* Gold sets record high at $5,266.37/oz. * Trump says value of dollar is 'great', currency hits 4-year low. * Federal Reserve policy meeting concludes later today. By Ishaan Arora. Jan 28 - Gold broke through $5,200 for the first time on Wednesday, as the dollar plunged to a near four-year low amid ?persisting geopolitical concerns, ahead of a U.S. Federal Reserve monetary policy decision.
When U.S. President Donald Trump took office a year ago with an "America First" agenda, many saw trouble for China's sluggish economy, but Beijing has thawed frosty relationships with other trade partners to post a record trade surplus.
* Core Q4 inflation rises to uncomfortable level, puts RBA on high alert. * Headline inflation also accelerates in December, lifts annual pace to 3.8% * Markets raise bets for rate hike next week to 73% from 60% before. By Stella Qiu.
* Gold sets record high at $5,224.95/oz. * US dollar sinks to four-year lows. * Trump brushes off dollar weakness, calling it "great" By Ishaan Arora. Gold broke through $5,200 for the first time on Wednesday, after rising more than 3% on Tuesday, as the dollar plunged to ?a near four-year low amid persisting geopolitical concerns, ahead of a U.S. Federal Reserve monetary policy decision.
The U.S. dollar held gains against the euro and the yen on Wednesday after the U.S. Federal Reserve kept interest rates steady, citing still-elevated inflation alongside solid economic growth, and gave little indication in its latest policy statement of when borrowing costs might fall again.
Global stocks touched an intraday record for a third straight session on Wednesday, while the U.S. dollar largely held on to gains after the Federal Reserve kept rates steady, as widely expected. In keeping rates unchanged, the Fed cited still-elevated inflation alongside solid economic growth.
U.S. President Donald Trump on Tuesday said he ?will soon announce ?his pick to ?serve as head ?of ?the Federal Reserve, ?and predicted ?interest rates would decline after ?the ?new ?chair takes over. "When we have a great ?Fed chairman, I think we're going to have one.
U.S. President Donald Trump on Tuesday said he ?will soon announce ?his pick to ?serve as ?head ?of the Federal Reserve, and ?predicted ?interest rates would decline after the ?new ?chair ?takes over. "When we have a great ?Fed chairman, I think we're going to have one.
The S&P 500 hit a new all-time high on Tuesday as the technology sector outperformed ahead of earnings reports of industry heavyweights, while the Federal Reserve kicked off its two-day monetary policy meeting. The large-cap index rose 0.4% to settle at 6,978.6, marking its highest close ever. Barring health care and financials, all sectors ended higher, led by tech's 1.4% gain.
Chile's central bank on Tuesday held its benchmark interest rate at 4.50% in a unanimous decision, in line with expectations, as ?inflation remains within the bank's target range but ticked up slightly last month. The decision ?follows a 25 basis point cut in December and two ?consecutive holds in September and October.
US equity indexes were mixed Tuesday as technology and health stocks moved in opposite directions, while a consumer confidence gauge dropped to a 12-year low. * The Conference Board's measure of consumer confidence slipped to 84.5 in January, its lowest since May 2014, from 94.2 in December and below the 91.0 expected in a Bloomberg-compiled survey.
Chile's central ?bank ?on Tuesday held ?its benchmark ?interest ?rate ?at ?4.50% in a ?unanimous decision, ?in ?line with expectations, as ?inflation remains within the bank's ?target ?range but ?ticked up slightly last month.
The muni market has rebounded from the technical pressures of the first half of last year ? a result of surging issuance ? said John Miller, head and CIO of First Eagle's municipal credit team.
* Health insurers dip on disappointing Medicare proposal. * UPS, rises after earnings, FedEx (FDX) follows. * General Motors (GM) gains on higher Q4 core profit. * Boeing (BA) shares fall after mixed report. By Sin?ad Carew and Pranav Kashyap.
Financial stocks were mixed in Tuesday late afternoon trading with the NYSE Financial Index rising 0.2% and the State Street Financial Select Sector SPDR ETF shedding 0.7%. The Philadelphia Housing Index fell 1%, and the State Street Real Estate Select Sector SPDR ETF added 0.2%. Bitcoin increased 0.8% to $88,983, and the yield for 10-year US Treasuries rose 1 basis point to 4.22%. In economic ...
The city's Department of Water and Power, which saw spreads widen after last year's deadly wildfires, upsized a revenue bond deal amid strong investor interest.
Wednesday's Federal Reserve meeting is expected to be routine on paper ? but markets may be bracing for something far less ordinary. Any fireworks are unlikely to come from monetary policy, but Chair Jerome Powell's press conference could turn tense as politics, subpoenas and presidential pressure overshadow an otherwise quiet meeting.
Bitcoin is showing signs of life ahead an expected interest rate hold by the Federal Reserve on Wednesday. Notable Statistics: Notable Developments: Trader Notes: Trader Crypto Seth explained that crypto saw another sharp flush even as U.S. equities stayed strong.
Financial stocks were mixed in Tuesday late afternoon trading with the NYSE Financial Index rising 0.2% and the State Street Financial Select Sector SPDR ETF shedding 0.7%. The Philadelphia Housing Index fell 1%, and the State Street Real Estate Select Sector SPDR ETF added 0.2%. Bitcoin increased 0.8% to $88,983, and the yield for 10-year US Treasuries rose 1 basis point to 4.22%. In corporate...
* Consumer confidence sags to lowest level in more than 11-1/2 years. * Consumers' perceptions of the labor market weakened considerably. * House price growth picks up in November. By Lucia Mutikani.
The Federal Open Market Committee is widely expected to maintain the target range for its federal funds rate at 3.50% to 3.75% at its meeting this week, putting the focus on post-meeting comments from Federal Reserve Chairman Jerome Powell.
The Bank of Canada is widely expected to keep interest rates on hold on Wednesday, but analysts differ on the central bank's subsequent moves, Morningstar said Tuesday.
Financial stocks were mixed in Tuesday afternoon trading with the NYSE Financial Index rising 0.1% and the State Street Financial Select Sector SPDR ETF shedding 0.87%. The Philadelphia Housing Index fell 1.3%, and the State Street Real Estate Select Sector SPDR ETF added 0.1%. Bitcoin dropped 0.6% to $87,772, and the yield for 10-year US Treasuries rose 1 basis point to 4.23%. In economic news...
BlackRock's (BLK) chief bond investment manager Rick Rieder is now the clear favorite to succeed current Federal Reserve Chair Jerome Powell when his term is up, according to prediction market Kalshi.
* Kalshi prediction market favors Rick Rieder for Fed Chair. * Trump's dissatisfaction influences Fed Chair succession race. * Many worry next Fed chair will be under Trump's thumb. By Michael S. Derby. BlackRock's (BLK) chief bond investment manager Rick Rieder is now the clear favorite to succeed current Federal Reserve Chair Jerome Powell when his term is up, according to prediction market Kalshi.
Bitcoin remains range-bound around $88,000, but traders are bracing for potential volatility and downside risk. Historically, Bitcoin has reacted negatively around FOMC meetings with around 9% drop the last time. Crypto chart analyst Ali Martinez noted that in 2025, BTC fell after seven of eight Fed decisions. A 15% spike in May 2025 was the exception.
U.S. President Donald Trump bemoaned last week his issue with naming the next Federal Reserve chair: The problem, he said, is they change once they have the job.
U.S. President Donald Trump bemoaned last week his issue with naming the next Federal Reserve chair: The problem, he said, is they change once they have the job.
Financial stocks were mixed in Tuesday afternoon trading with the NYSE Financial Index little changed, erasing earlier losses, and the State Street Financial Select Sector SPDR ETF shedding 0.8%. The Philadelphia Housing Index fell 1.3%, and the State Street Real Estate Select Sector SPDR ETF added 0.1%. Bitcoin dropped 0.6% to $87,772, and the yield for 10-year US Treasuries rose 1 basis point...
Bond advocates are watching the appropriations process while the possibilities of a Farm Bill and surface transportation reauthorization may offer openings for restoring advance refunding and raising the BQ cap.
The Bank ?of ?Canada said ?on Tuesday ?it ?would ?sell ?the following amounts ?at ?its ?February 10 auction. https://www.bankofcanada.ca/markets/government-securities-auctions/calls-for-tenders-and-results/regular-treasury-bills/ Also see:
German gold reserves kept at the Federal Reserve Bank of New ?York remain safe, Bundesbank chief ?Joachim Nagel told a ?German newspaper, responding ?to ?a public debate on whether Germany ?should reconsider ?its gold strategy given political tensions.
US consumer confidence tumbled this month to its lowest level since May 2014 amid broad-based weakness and concerns about the labor market and inflation, the Conference Board said Tuesday. The consumer confidence index dropped 9.7 points to 84.5 in January from last month's upwardly revised 94.2. The consensus was for a 91 print in a Bloomberg survey.
Funding Includes $20M for Resilient Roofing and $17M for First-Time Homebuyer Assistance The Federal Home Loan Bank of Dallas is committing millions in funding through its 2026 Community Investment programs to strengthen housing and economic development across its five-state District, including $17 million for first-time homebuyer assistance.
* Indexes: Dow down 0.63%, S&P 500 up 0.52%, Nasdaq up 1% * Health insurers dip on disappointing Medicare Advantage proposal. * General Motors (GM) gains on higher Q4 core profit. * Boeing (BA) swings to Q4 profit, shares rise. By Pranav Kashyap and Twesha Dikshit.
U.S. Treasury yields were mixed on Tuesday as investors positioned ahead of a Federal Reserve policy decision that is widely expected to leave interest rates unchanged, while also eyeing a five-year note auction for fresh signals ?on demand for U.S. government debt.
The forint climbed to a
2-year high against the euro on Tuesday after Hungary's central
bank left interest rates unchanged, while giving no clues on
when it might again ease policy after a more ...
* TSX down 0.6% * Miners offset gains in energy shares. * Cogeco down after La Caisse to sell stake. * Metro down after Q1 results. Canada's main stock index slipped on Tuesday, dragged by mining shares as investors ?took profits after strong gains, while they awaited interest rate decisions from the U.S. Federal Reserve and ?the Bank of Canada later this week.
Quebec's provincial gross domestic product in October fell 0.4% compared with September, the first decline in four months and similar to that observed across the country, said National Bank of Canada. It should be noted that the decline in October was due to a contraction in both the service and goods sectors, pointed out the bank.
* Base rate unchanged since late-2024. * Inflation approached bank's 3% target in Dec. * April election a key source of uncertainty. * Governor gives no clues on timing of rate cut. By Gergely Szakacs.
U.S. consumer confidence slumped to the lowest level in more than 11-1/2 years in January amid mounting anxiety over a sluggish labor market and high prices, which could see households becoming more cautious about spending.
U.S. consumer confidence unexpectedly deteriorated in January, slumping to its lowest level since 2014, ?amid growing anxiety over high ?prices and a sluggish labor market, ?a survey showed ?on Tuesday. "Consumers' write-in responses on factors affecting the economy continued to skew towards pessimism," said Dana Peterson, chief economist ?at ?the Conference Board.
The Conference Board's measure of consumer confidence fell to 84.5 in January from 94.2 in December, below a reading of 91.0 expected in a survey compiled by Bloomberg, hitting the lowest point since May 2014.
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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