Brazil's gross debt ended 2025 at ?78.7% of gross ?domestic product, up ?from 76.3% ?in December ?2024 but below ?the ?79.5% expected by economists ?in a Reuters ?poll, ?central bank data showed on ?Friday. The public sector recorded a primary surplus of ?6.251 billion ?reais for the ?month, exceeding the 3 billion reais surplus forecast in the poll.
The pound dropped against the dollar on Friday, with the U.S. currency benefiting from growing expectations that former Fed Governor Kevin Warsh will be unveiled as new Fed chair later on Friday. Sterling was last down 0.56% at $1.3742 weakening by a similar amount against the ?greenback as other majors.
* Trump picks former Fed official Warsh to run Fed. * Jerome Powell's term as chair ends in May. * Dollar gains on the day, US stocks edge lower as markets react. By Lewis Krauskopf, Dhara Ranasinghe and Tom Westbrook.
Futures linked to Canada's main stock index fell on Friday, as gold sank on expectations that U.S. President Donald Trump would nominate a more hawkish Federal Reserve Chair and oil retreated on easing supply ?disruption concerns in Iran. March futures on Toronto's S&P/TSX Composite Index were down 1.01% as of ?5:50 a.m. ET.
India's Muthoot Finance has accepted bids worth $600 million for dollar-denominated bonds maturing in four years and six months, the country's ?largest gold finance company said in a notice to stock exchanges on ?Friday. The company will offer a yield of 5.75% ?to investors, below the initial price guidance ?of 6.1250%, ?two merchant bankers said.
Wall Street futures pointed lower pre-bell Friday on Wall Street as traders awaited President Donald Trump's announcement, slated for Friday morning, of his pick for the next Federal Reserve chair. Kevin Warsh, a former Fed governor, is the leading contender for next central bank chief, with Polymarket placing a 95% chance on Warsh getting the Trump nod.
Gross domestic product growth in the eurozone held steady at 0.3% quarter-on-quarter in Q4, said ING after Friday's data. This was slightly better than expected, as sentiment data had been more downbeat toward the end of the year, wrote the bank in a note.
* ECB expected to stay on hold for fifth meeting. * Immediate risk of Trump tariffs over Greenland has passed. * Policymakers concerned after euro briefly touched $1.20. By Yoruk Bahceli and Stefano Rebaudo.
* Money markets price in a 30% chance of an ECB rate cut in 2026. * Borrowing costs little changed after euro zone economic data. * Risks of a second China shock in ECB's focus, Deutsche Bank says. By Stefano Rebaudo.
Wall Street's main indexes closed lower on Friday as investors viewed President Donald Trump's nomination of former Federal Reserve Governor Kevin Warsh as a hawkish choice to succeed Federal Reserve Chair Jerome Powell, while also digesting earnings reports and a high inflation reading.
* Futures down: Dow 0.93%, S&P 500 1.04%, Nasdaq 1.31% * Futures tracking Russell 2000 down 1.63% U.S. stock index futures slid on Friday after U.S. President Donald Trump said he has firmed up his choice to lead the Federal Reserve, with ?reports suggesting that former central bank governor Kevin Warsh would be his likely pick.
* Q4 GDP growth 0.3% vs 0.2% expectation. * Spanish economy remains drive of euro zone expansion. * German growth a touch above forecasts but still weak. * Bloc surprisingly resilient to trade strife. * German fiscal splurge seen supporting growth this year. By Balazs Koranyi.
* Trump to announce new Fed chair on Friday, endorses deal to avoid shutdown. * S&P 500 futures continue slide after tech selloff rattles markets. * Precious metals plunge, losses deepen after flash crash. By Sophie Kiderlin and Gregor Stuart Hunter.
* Unemployment rate rises to 6.6% in unadjusted terms. * German GDP grew by 0.3% in Q4, beating expectations. * Inflation slightly above ECB's 2% target in January. By Maria Martinez. German Chancellor Friedrich Merz said on Friday that boosting the economy would be his main focus this year, after data showed that unemployment has powered past the 3 million mark to a 12-year high.
The euro zone economy grew quicker than expected last quarter as consumption and investments kicked into higher gear, offsetting low exports and the exceptional uncertainty emanating from U.S. trade policy, Eurostat data showed on Friday.
* Trump to announce Fed Chair nominee, Warsh considered. * Dollar index rises 0.4%, trims weekly decline to 0.9% * Trump endorses spending deal to avoid government shutdown. By Rocky Swift and Alun John.
Charter Communications, Inc (CHTR). will release earnings for the fourth quarter before the opening bell on Friday, Jan. 30. Analysts expect the company to report fourth-quarter earnings of $9.88 per share. On Jan. 13, Charter Communications (CHTR) disclosed that it has closed on $3.0 billion in aggregate principal amount of senior unsecured notes.
Jan 30 - German two-year government bond yields were set for their biggest weekly drop since October, with investors betting the European Central Bank will factor in the deflationary drag from a stronger euro as it shapes its policy outlook. Investors ?are also awaiting the release of January inflation data from German states later on Friday.
The following are the top stories in the Wall Street Journal. - U.S. President Donald Trump's advisers have been told ?that he is expected to nominate Kevin Warsh, ?a central bank insider-turned-critic, as Federal ?Reserve chair.
Japan's super-long bond yields changed course and rose in late afternoon trade on Friday, following speculation that President Donald Trump ?would nominate former Federal Reserve Governor Kevin Warsh to head the U.S. central ?bank.
* Trump to announce Fed Chair nominee, Warsh considered. * Dollar index rises 0.4%, trims weekly decline to 0.9% * Trump endorses spending deal to avoid government shutdown. By Rocky Swift and Rae Wee.
President?Donald Trump is expected to name a successor to Federal Reserve Chair Jerome Powell on Friday after a White House meeting the previous day with former Fed Governor Kevin Warsh, a Fed critic who has said the U.S. central bank needs "regime change" to regain lost credibility.
* Trump wants a Fed chair who will deliver lower interest rates. * Warsh wants to change the way the Fed does monetary policy. * Fed independence under scrutiny. By Andrea Shalal and Bo Erickson.
Asian currencies eased on Friday as
the dollar gained after U.S. President Donald Trump said he
would soon nominate his choice to head the Federal Reserve,
while Indonesian stocks recovered following ...
A look at the day ahead in European and global markets from Gregor Stuart Hunter Stocks and commodities are down, the dollar and bond yields are up, and markets have turned firmly risk-off after U.S. President Donald Trump said he has decided who he will nominate to lead the Federal Reserve.
Bitcoin slumped to a two-month low on Friday as speculation the next chair of the U.S. Federal Reserve might tighten up on cash in the financial system hit cryptocurrencies and lifted the dollar.
Bitcoin slumped to a two-month low on Friday as speculation the next chair of the U.S. Federal Reserve might tighten up on cash in the financial system hit cryptocurrencies and lifted the dollar.
* ECB expected to stay on hold for fifth meeting. * Immediate risk of Trump tariffs over Greenland has passed. * Policymakers concerned about euro's rise to $1.20. By Yoruk Bahceli and Stefano Rebaudo. The European Central Bank meets next Thursday with policymakers relieved that the threat of fresh U.S. tariffs over President Donald Trump's demands to buy Greenland proved short-lived.
The choice of Kevin Warsh to lead the U.S. Federal Reserve clears uncertainty on Wall Street about the central bank's likely next chair, but leaves investors weighing how the former Fed governor's past hawkish leanings will mesh with President Donald Trump's insistence on far lower interest rates.
U.S. President Donald Trump ?will sign executive orders at ?11 a.m. on ?Friday and ?later participate in ?a policy meeting at ?2 p.m., ?according to a schedule released by the ?White House ?on ?Thursday that did not provide further details. Trump told reporters ?earlier on Thursday he planned to announce his pick to replace Federal Reserve ?Chair ?Jerome Powell on Friday.
* Trump to announce new Fed chair on Friday, endorses deal to avoid shutdown. * S&P 500 futures extend losses after tech selloff rattles markets. * Precious metals plunge, failing to find a floor after flash crash. By Gregor Stuart Hunter.
Long-dated U.S. Treasuries were sold in Asia on Friday on speculation President Donald Trump would nominate former Federal Reserve Governor Kevin Warsh to head the U.S. central bank and that he would push to reduce the amount of ?bonds the bank owns.
President Donald Trump said on Thursday he intends to announce his pick to replace Federal Reserve Chair Jerome Powell on Friday, with speculation intensifying that the nod will go to former Fed Governor Kevin Warsh. Bloomberg News later reported that the White House is preparing for Trump to nominate Warsh as the next Fed chair, citing people familiar with the matter.
President Donald Trump said on Thursday he intends to announce his pick to replace Federal Reserve Chair Jerome Powell on Friday, with speculation intensifying that the nod will go to former Fed governor Kevin Warsh. Bloomberg News later reported that the White House is preparing for Trump to nominate Warsh as the next Fed chair, citing people familiar with the matter.
* Trump to announce Fed Chair nominee, Warsh considered. * Dollar index rises 0.4%, trims weekly decline to 0.9% * Trump endorses spending deal to avoid government shutdown. By Rocky Swift and Rae Wee.
Former Federal Reserve Governor Kevin Warsh came to the ?White House for a ?meeting with U.S. ?President Donald Trump ?on ?Thursday, according one source ?familiar with ?the matter.
The Trump ?administration ?is preparing for ?the president ?to ?nominate ?Kevin ?Warsh to ?be ?the ?next Federal Reserve chair, Bloomberg ?News reported on ?Thursday, ?citing people familiar ?with the matter.
Former Federal Reserve Governor Kevin Warsh came to the ?White House for a ?meeting with U.S. ?President Donald Trump ?on ?Thursday, according one source ?familiar with ?the matter.
Global stocks slumped for a second straight session and the dollar strengthened sharply on Friday after U.S. President Donald Trump announced former Federal Reserve governor Kevin Warsh as his choice to become the next chair of the central bank, while a reading on inflation was stronger than expected.
* Tokyo core CPI rises 2.0% in January vs forecast +2.2% * Slowdown due to base effect of last year's food price spike. * Index excluding fresh food, fuel rises 2.4% yr/yr. * Focus on corporate price-setting behaviour in April. By Leika Kihara.
Core inflation in Japan's capital slowed to a 15-month low in January due to the effects of gasoline subsidies and easing price pressure on food, data showed on Friday, a sign consumers were getting some respite from the rising cost of living.
The U.S. dollar gained on Friday after former Federal Reserve Governor Kevin Warsh was selected to be the next Fed chair, and as the U.S. currency recovered from a sharp selloff earlier in the week that analysts say was overdone in the short-term.
* All four candidates for top Fed job support lower interest rates. * Warsh was at White House on Thursday to meet with Trump. * Bloomberg News reports Warsh is to be the nominee. * BlackRock's Rieder, Fed Governor Waller also on short list. By Bo Erickson and Andrea Shalal.
President Donald Trump said on Thursday he intends to announce his pick to replace Federal Reserve Chair Jerome Powell on Friday, with speculation intensifying that the nod will go to former Fed governor Kevin Warsh. "I'll be announcing the Fed chair tomorrow morning," Trump said at the Kennedy Center on Thursday, in response to a question from Reuters.
Given the host of debates currently swirling around the Federal Reserve, Chair Jerome Powell's press conference on Wednesday was remarkable for being so decidedly unremarkable. After the central bank announced it was leaving interest rates on hold as expected, Powell fielded the usual run of questions on jobs, inflation and the economic outlook, indicating that the Fed is now in pause mode.
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.
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