* Canadian dollar falls 0.6% against the greenback. * Price of oil decreases 5% * Manufacturing PMI rises to 50.4 in January. * Bond yields rise across the curve. By Fergal Smith. The commodity-linked Canadian dollar gave back some recent ?gains against its U.S. counterpart on Monday as oil prices tumbled and precious metals ?added to last week's sharp declines.
Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 1% and the State Street Financial Select Sector SPDR ETF increasing 0.8%. The Philadelphia Housing Index was up 0.3%, and the State Street Real Estate Select Sector SPDR ETF shed 0.8%. Bitcoin was increasing 2.3% to $78,649, and the yield for 10-year US Treasuries was rising 3.2 basis points to 4.2...
Issuance was $34.308 billion in 471 issues, down 7.2% year-over-year from $36.982 billion across 536 transactions in 2025. However, this was the third-highest monthly figure for January and above the month's 10-year average of $29.699 billion
Kevin Warsh, President Donald Trump's nominee to be the next Federal Reserve chief, faces a "tall task" in leading the U.S. central bank, particularly if he aims to convince the members of the policy-setting committee to go ?along with him on monetary policy decisions, Atlanta Fed President Raphael Bostic said on Monday.
The U.S. Bureau of Labor Statistics said on Monday the closely watched employment report for January will not be released on Friday because of a partial shutdown of the federal government. "The release will be rescheduled upon the resumption of government funding," ?said Emily Liddel, associate commissioner at the BLS, in a statement to Reuters.
The January jobs report will not come out as scheduled on Friday due to the partial government shutdown, multiple news outlets reported Monday, citing statements from an agency spokesperson. MT Newswires does not provide investment advice.
The US manufacturing sector expanded in January amid strong production, while price pressures intensified, two separate surveys showed Monday, with Institute for Supply Management data indicating expansion for the first time in a year and an S&P Global (SPGI) report pointing to faster growth sequentially. The ISM purchasing managers' index rose to 52.6 last month from 47.9 in December.
The U.S. Bureau of ?Labor Statistics said ?on Monday ?the closely ?watched ?employment report for ?January will ?be not be ?released ?on ?Friday because of a partial shutdown ?of the federal government. "The release will ?be ?rescheduled upon the resumption ?of government funding," said Emily Liddel, associate commissioner at the ?BLS.
KBRA assigns preliminary ratings to 58 classes from Connecticut Avenue Securities Trust 2026-R01, a credit risk sharing transaction with a total note offering of $661,674,000. The Reference Pool consists of 52,876 residential mortgage loans with an outstanding principal balance of approximately $18.8 billion as of the cut-off date.
The Metropolitan Transportation Authority's ability to finish projects on budget will become more crucial as federal, state and economic pressures mount.?
The European stock markets were tracking higher in Monday trading as the Stoxx Europe rose 1.05%, Germany's DAX gained 1.09%, the FTSE 100 was up 1.15%, France's CAC increased 0.86%, and the Swiss Market Index advanced 1.65%. Manufacturing output across the euro area increased in January for the 10th time in the past 11 months, according to the HCOB Eurozone Manufacturing PMI, which gauges the ...
Morgan Stanley said it expects the Reserve Bank of Australia to hold the cash rate at 3.6% this week, against consensus expectations and market pricing of about 68% for a hike. The RBA is slated to release its policy statement at 10:30 p.m. ET on Monday.
Following a challenging 2025, PMI data suggested that Canada's manufacturing sector started the new year on a more positive footing, said Paul Smith, economics director at S&P Global Market Intelligence, on Monday.
LOS ANGELES, CA / ACCESS Newswire / February 2, 2026 / Pacific West Academy, the nation's premier provider of executive protection training, today announced a landmark approval from Sallie Mae, becoming one of the select security academies in the United States to offer major student lending options.
The Institute for Supply Management's US manufacturing index increased to 52.6 in January from 47.9 in December, compared with expectations for a 48.5 reading in a survey compiled by Bloomberg. There were increases in the readings for new orders, production, employment, inventories, and prices. ISM said manufacturing activity expanded for the first time in 12 months.
U.S. factory activity grew for the first time in a year in January as businesses placed new orders after the holiday season, but the improvement was likely temporary, with manufacturers still complaining about the uncertainty wrought by a fluid trade policy. Respondents in the Institute for Supply Management survey on Monday were markedly more downbeat than optimistic.
* ISM manufacturing PMI rises to 52.6, highest since August 2022. * New orders sub-index jumps to 57.1; employment contraction slows. U.S. factory activity grew for the first time in a year in January, with new orders rebounding sharply, but manufacturing is still not out of the woods as import tariffs raised raw material prices and strained supply chains.
New Orders Growing; Production Growing; Employment Contracting; Supplier Deliveries Slowing; Raw Materials Inventories Contracting; Customers' Inventories Too Low; Prices Increasing; Imports Unchanged; Exports Growing; This report reflects the recently completed annual adjustments to the seasonal factors used to calculate the indexes. TEMPE, Ariz.
President Trump's Fed Chair nominee Kevin Warsh has secured his spot on a promise of ?regime change,? but his quest to shrink the Fed's $6.6 trillion balance sheet may clash with President Trump?s demands to lower the Federal Funds rate.
The S&P Global Canada Manufacturing Purchasing Managers' Index, a composite index designed to provide an overview of the health of the manufacturing sector, edged above the critical 50.0 no-change mark in January for the first time in a year to signal an improvement in overall operating conditions, said S&P Global on Monday.
Rosenberg Research has published a note Monday that includes a section entitled 'Canadian Economy on Life Support'. This comes after Friday's monthly Canadian gross domestic product release showed a flat reading in November, following what the research termed a "depressing" industry jobs report on Thursday.
Canada's manufacturing sector grew in January, its first such expansion in a year, data showed on Monday, as sentiment improved to a three-month high amid expectations of economic growth this year. However, new orders continued to fall in January and tariffs weighed the overall sector down with falling exports and rising input costs.
NEW YORK, Feb. 2, 2026 Whalen Global Advisors?has released the WGA Bank Top 50 rankings?for Q1 2026. "There continues to be an enormous amount of churn in the top 50 banks," notes WGA Chairman Christopher Whalen. The fact that the Federal Open Market Committee is unlikely to cut interest rates in 2026 is another factor weighing on bank stocks.
The Bank of England said on Monday that it will launch a public consultation in the coming months on how consumer payments should work in the future, including making it easier for people to pay electronically without using a debit ?or credit card.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Wildfire Scores, according to ICE Climate Data. A $49 million offering from St. Johns County, Fla., records a Flood Score of 4.7 out of 5.0, ICE reports.
GE Vernova (GEV) today announced that it has launched a registered public offering of senior notes, subject to market and other conditions. Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC are serving as joint book-running managers for the offering of the notes, which is being made pursuant to an effective shelf registration statement.
* Gold down over 2% after Friday's more than 9% fall. * Silver down over 3% after Friday's 27% plunge. * Gold down about $900 from record highs on Thursday. By Noel John.
By Jamie McGeever. How much of the recent mania for gold and silver was fuelled by U.S. dollar "debasement" fears? The collapse was truly historic. This partly ?reflects the level of speculation behind the rapid ascent of precious metals prices in recent months. Precious metals were a hedge against this, which quickly transformed into a bubble waiting ?to be popped.
Canada will release the Labour Force Survey for January on Friday, said National Bank of Canada. The release of the January LFS will be "closely watched," noted the bank. After solid gains between August and November, National Bank expects job gains closer to those recorded in December -- 11,000 gains -- and more in line with modest population growth.
Colombia's central bank, in a split decision, raised the monetary policy rate by 100 basis points on Friday, bringing it to 10.25%, said BBVA Research. It noted that this was BanRep's first rate hike in 33 months. The decision was based on the strong performance of the economy, the sharp increase in inflation expectations, and the deterioration in the current account, stated BBVA Research.
Friday's January Labour Force Survey in Canada is the feature items for the week, said Bank of Montreal. Canadian employment growth is expected to show signs of steadying, although at a very modest rate of 5,000, thus nudging the jobless rate up to 6.9%, noted the bank.
* Dollar holds gains; euro back below $1.20 level. * Selloff in precious metals rattles broader markets. * Yen steady, LDP expected to win big at upcoming election. By Samuel Indyk and Rae Wee.
NOTABLE ITEMS FOR THE QUARTER: WOODBRIDGE, N.J., Feb. 02, 2026 -- NORTHFIELD BANCORP, INC.,?the holding company for Northfield Bank, reported a net loss of $27.4 million, or $0.69 per share, for the quarter ended December?31, 2025, as compared to net income of $10.8 million, or $0.27 per diluted share, for the quarter ended September?30, 2025, and $11.3 million, or $0.27 per diluted share, for ...
Safe-haven euro zone government bond yields edged higher on Monday as a rout in precious metals gripped markets to start off a week that will also see a European Central Bank interest rate decision. Silver and gold. extended. last week's declines early on ?Monday before paring back some losses.
CPE invested $350 million of primary capital to grow Burger King China to over 4,000 restaurants by 2035 Accelerated development at Burger King China furthers RBI's long-term global growth ambitions MIAMI, Feb. 2, 2026 /PRNewswire/ - Restaurant Brands International Inc. (QSR), the parent company of the Burger King brand, and CPE today announced the completion of their previously announced joint ventu...
What matters in U.S. and global markets today. The slump in gold, silver and other precious metals is continuing to rattle global markets and making for a nervous start to the month. There is a lot of red on the screens out there again and that is ahead of a week packed with corporate earnings, ?central bank meetings and major economic data, starting with ISM numbers out later.
Canada is scheduled to release the Labour Force Survey for January on Friday, said RBC. The bank expects the LFS to show a tick-down in the unemployment rate to 6.7%, after an increase to 6.8% in December that partially reversed an unusually large 0.5 percentage point decline over the prior two months.
Chile's economic activity rose 1.7% in ?December from ?a year ?earlier, central ?bank ?data showed on Monday, ?exceeding market ?forecasts as economists polled by ?Reuters ?expected ?a 0.9% expansion.
* Euro zone manufacturing output returns to growth. * Japan, South Korea factory activity expand at multi-year pace. * China's manufacturing activity expands in private survey. * Surveys brighten prospects for Asia's export powerhouses. By Leika Kihara and Indradip Ghosh.
Commerzbank in its "European Sunrise" note of Monday highlighted: Markets: United States Treasuries bull steepen, Bund future gains as Asian stocks and e-minis decline, led by tech. Fed: Federal Reserve Bank of St. Louis President Alberto Musalem says Kevin Warsh is exceptionally qualified for Federal Reserve Chair, and it would be "unadvisable" to lower rates.
* BoE expected to hold interest rate at 3.75% this week. * UK inflation highest among G7 peers. * UK manufacturing activity strongest since August 2024. By Samuel Indyk. The pound held steady against the dollar on Monday near a multi-year high hit last week as attention focused on a Bank of England policy ?announcement on Thursday.
This week's central focus is on determining how seriously the European Central Bank views the euro's appreciation, said ING. The fact that EUR/USD is no longer at the much-feared 1.20 level does decrease the chances of any vocal reaction from ECB members, but those were more likely to feature in post-meeting comments or the minutes anyway, wrote the bank in a note.
Kevin Warsh, tapped to become the next Federal Reserve chair, may want to significantly contract the central bank's multi-trillion-dollar balance sheet, but experts agree that financial realities strongly indicate accomplishing this goal will be difficult and slow, if it can be done at all.
Kevin Warsh, tapped to become the next Federal Reserve chair, may want to significantly contract the central bank's multi-trillion-dollar balance sheet, but experts agree that financial realities strongly indicate accomplishing this goal will be difficult and slow, if it can be done at all.
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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