Long-dated U.S. Treasury prices fell on Friday after President Donald Trump said he would nominate former Federal Reserve Governor Kevin Warsh to head the U.S. central bank. Warsh has called for regime change at the Fed, seeking among other things a smaller balance sheet, ?meaning he could push to reduce the amount of bonds the bank owns.
* Five traders turned to CCRC after Tom Hayes exoneration. * 'No distinguishing' differences between cases, CCRC says. * Lawyer calls on Court of Appeal to decide case quickly. By Kirstin Ridley.
US stock futures are tracking lower in Friday's premarket session, but rebounding from earlier levels as investors appear assuaged by President Donald Trump's nomination of former Fed Governor Kevin Warsh to replace Fed Chairman Jerome Powell when his term expires in May. Investors are also looking ahead to the Producer Price Index reading, which will be released at 8:30 am ET.
President Trump on Friday announced Kevin Warsh as his nominee to succeed Jerome Powell as Chair of the Federal Reserve, yet Bitcoin plunged below $83,000 on the news. Technical analyst Kyledoops said a Warsh-led Fed would fundamentally change how markets interpret policy signals, given his reputation as an inflation hawk and strong-dollar advocate.
* Debt as a percentage of GDP is less than forecast. * Brazil's debt ratio is higher than that of many peers. * Debt has risen since end-2022, mostly because of interest payments. By Marcela Ayres.
* Trump picks Kevin Warsh as new Fed Chair. * Global stocks edge higher, S&P 500 futures pull back. * Precious metals plunge, losses deepen after flash crash. By Sophie Kiderlin. Global stocks edged higher on Friday, while the dollar rose and gold plunged after U.S. President Donald Trump. nominated. Kevin Warsh as his pick for the next. Federal Reserve. Chair.
Canada will release the monthly gross domestic product data at 8:30 a.m. ET on Friay, said Bank of Montreal. The bank noted that the Canadian economy has struggled to gain momentum in recent months as the support from past rate cuts is offset by still-significant trade uncertainty.
By Alun John. The dollar held higher on the day on Friday after U.S. President Donald Trump said he had appointed former governor Kevin Warsh as chair of the U.S. Federal Reserve. The move will give a frequent Fed critic a chance to put his idea of monetary policy "regime change" into practice at a moment when the president has pushed for more control over the central bank.
Democratic U.S. ?Senator Elizabeth ?Warren on ?Friday ?said ?President Donald ?Trump's ?choice to nominate Kevin ?Warsh ?to ?head the Federal ?Reserve represents the president's latest ?step ?to seize ?control of the institution.
* Futures down: Dow 0.3%, S&P 500 0.3%, Nasdaq0.5% * Futures tracking Russell 2000 down 0.6% * Apple (AAPL) shares marginally down after quarterly results. * Gold and silver miners fall tracking metal prices. By Pranav Kashyap and Twesha Dikshit.
U.S. President Donald Trump on Friday said he had picked former Federal Reserve governor Kevin Warsh as the next head of the Federal Reserve, when Chair Jerome Powell steps down in May. The nomination caps a months-long process that often resembled a public audition as Warsh, White House economic advisor Kevin Hassett and other top contenders - including sitting Fed governor Christopher Waller ...
The dollar gave back some of its earlier gains on Friday but remained higher on the day after ?U.S. President Donald Trump said he had appointed former governor ?Kevin Warsh as chair of the U.S. Federal Reserve. The ?euro was last down 0.2% ?at $1.1947, sterling ?was off 0.3% at $1.378, while the dollar climbed 0.5% against the Japanese ?yen to 153.8 yen.
* Republican senator's opposition points to tough Senate confirmation fight. * Nomination of Warsh follows months of public auditions. * Warsh has advocated for steep rate cuts, Fed 'regime change' By Ann Saphir and Steve Holland.
U.S. stock index futures cut some losses on Friday, after U.S. President Donald Trump nominated Kevin Warsh as the next Federal Reserve chair. "I am nominating Kevin Warsh ?to be chairman of board of governors of Federal Reserve system," ?Trump said, announcing his latest move to put his ?stamp on a Fed that he ?has lambasted for ?not lowering interest rates.
U.S. stock index futures cut some losses on Friday, after U.S. President Donald Trump nominated Kevin Warsh as the next Federal Reserve chair. "I am nominating Kevin Warsh ?to be chairman of board of governors of Federal Reserve system," ?Trump said, announcing his latest move to put his ?stamp on a Fed that ?he has lambasted ?for not lowering interest rates.
European bourses tracked moderately higher midday Friday as traders nodded to earnings, and shrugged off geopolitical conflicts and the outlook for a new US central bank chief. President Donald Trump is expected to nominate former Federal Reserve governor Kevin Warsh as the central bank's next chair, Friday morning in Washington.
President Donald Trump on Friday chose former Federal Reserve Governor Kevin Warsh to head the U.S. central bank when Jerome Powell's leadership term ends in May, giving a frequent Fed critic a chance to put his idea of monetary policy "regime change" into practice just as the White House pushes for more control over the setting of interest rates.
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.
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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