Australia's central bank on Tuesday raised its cash rate by 25 ?basis points to 3.85%, the first ?hike in two years, ?saying the economy ?was ?growing faster than expected and inflation ?was likely to ?remain above target for some time.
Australia's central bank on Tuesday raised its forecasts for economic growth and inflation, warning that activity was hitting speed limits and a couple of increases in interest rates would be needed to bring it back into balance.
Gold rose more than 3% on Tuesday,
rebounding from a near one-month low hit in the previous
session, as market participants braced for an absence of key
economic data this week due to a partial U.S.
The U.S. dollar fell against most major currencies except the yen on Tuesday, as traders consolidated recent gains fueled by upbeat U.S. data and expectations of a less dovish Federal Reserve, while concerns about another government shutdown weighed on sentiment. The U.S. House of Representatives approved a bipartisan deal Tuesday to end the partial shutdown.
* Dollar up on positive U.S. economic data; markets eye shifting Fed expectations. * Australian dollar rises ahead of expected central bank rate hike. * U.S.-India trade deal and resumed Iran nuclear talks ease geopolitical tensions. By Rocky Swift.
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.
Commercial real estate investment trust Simon Property Group (SPG) forecast 2026 funds from operations largely above market expectations on Monday, betting on high rents at its malls and shopping centers. The tight ?supply of rental properties has given more room to mall operators such ?as Simon Property (SPG) to raise rental rates.
The Bureau of Labor Statistics won't publish January's nonfarm payrolls report on Friday because of a partial federal government shutdown. A lapse in funding has disrupted certain government activities since the weekend.
Liberty Energy Inc. (LBRT) today announced that it proposes to offer $500 million aggregate principal amount of convertible senior notes due 2031, subject to market conditions and other factors, in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Financial stocks rose in late Monday afternoon trading, with the NYSE Financial Index adding 0.7% and the State Street Financial Select Sector SPDR ETF up 1%. The Philadelphia Housing Index gained 0.5%, and the State Street Real Estate Select Sector SPDR ETF shed 0.8%. Bitcoin was rising 1.3% to $78,043, and the yield for 10-year US Treasuries climbed 3.6 basis points to 4.28%. In economic news...
The Bureau of Labor Statistics won't publish January's nonfarm payrolls report on Friday because of a partial federal government shutdown, multiple media outlets reported Monday. A lapse in funding has disrupted certain government activities since the weekend. "The employment situation release for January 2026 will not be released as scheduled on Friday," a BLS spokesperson reportedly said.
* Warsh's past hawkish stance contrasts with current dovish tone. * Market uncertain about Warsh impact on Fed balance sheet policy. * Jobs report for January delayed due to partial government shutdown. By Karen Brettell.
Financial stocks advanced in Monday late afternoon trading, with the NYSE Financial Index adding 0.7% and the State Street Financial Select Sector SPDR ETF rising 1%. The Philadelphia Housing Index gained 0.5%, and the State Street Real Estate Select Sector SPDR ETF shed 0.8%. Bitcoin was rising 1% to $78,204, and the yield for 10-year US Treasuries climbed 3.6 basis points to 4.28%. In corpora...
Banks expect demand for business loans across all categories to strengthen this year after improving last quarter, a Federal Reserve survey showed on Monday, with most lenders saying they expect lower interest rates ?and higher spending or investment needs will drive that trend.
Banks expect demand for business loans across all categories to strengthen this year, a Federal Reserve survey showed on Monday, with most saying ?they expect lower interest rates and higher spending or investment ?needs will drive that trend. On net, the ?survey ?showed, banks reported being more likely to lend to firms that have high ?exposure to artificial intelligence.
Financial stocks advanced in Monday afternoon trading with the NYSE Financial Index rising 1% and the State Street Financial Select Sector SPDR ETF increasing 0.9%. The Philadelphia Housing Index gained 0.6%, and the State Street Real Estate Select Sector SPDR ETF shed 0.8%. Bitcoin rose 2.3% to $78,649, and the yield for 10-year US Treasuries climbed 3.2 basis points to 4.27%. In economic news...
* Volatility may persist, with mixed expectations for silver. * Federal Reserve rate cuts expected to support gold prices. * UBS and JP Morgan forecast gold prices above $6,200/oz this year. By Anjana Anil and Kavya Balaraman.
Veteran Technology Executive to Lead Digital Transformation and Data Strategy Sallie Mae?, formally SLM Corporation (SLM), today announced it has appointed Steve Turner, Chief Technology and Enablement Officer. ?Joining Sallie Mae is an incredible opportunity to advance a mission that helps students access and complete higher education,? said Turner.
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.
* 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.
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.
Log In Required
Publication Date