The Board of Mexico's central bank unanimously decided to keep the policy rate unchanged at 7.00% on Thursday, signaling that demand-side pressures aren't a key driver behind its policy assessment, said BBVA Research.
Hang onto your hats, On the Money readers! Gold is soaring, software stocks are crashing amid AI concerns, inflation is heating up, Bitcoin is tumbling and consumer confidence is plummeting. These are just five reasons why investors are nervous now, but I'm sure there are many more.
European bourses tracked moderately higher midday Friday as traders weighed earnings, and Thursday's report from the European Central Bank that the continental economy is expanding, and inflation is generally muted. Bank, oil, and property stocks led gains on regional trading floors, while food and retail shares lagged.
Sterling has weakened sharply over the last couple of trading days, said MUFG. After closing below support from the 200-day moving average at the start of this week for the first time sine April of last year and hitting a low of 0.8613, EUR/GBP jumped to a high Thursday of 0.8721, wrote the bank in a note to clients.
* Software swoon worsens amid questions about AI's impact. * Market rotating away from tech to less-loved sectors. * Jobs report due on Wednesday, CPI on Friday in busy data week. By Lewis Krauskopf.
The pound rose on Friday, recovering some of the previous day's steep slide that followed a surprisingly tight vote from the Bank of England to leave rates unchanged and its signal that it could cut if inflation continues to ?cool. Sterling rose 0.4% to $1.3581 by mid-morning in London, partially recovering from Thursday's near-1% drop to 10-day lows.
Societe Generale in its early Friday economic news summary pointed out: -- Losses snowball for tech stocks, crypto correction deepens, Nasdaq -6.4% from January top, US dollar and United States Treasury safe-havens. -- India: The central bank leaves key repo rate unchanged at 5.25%, maintains neutral stance, growth outlook favorable on recent trade deals.
* Survey points to inflation at ECB'S 2% target. * Markets see no change in interest rates this year. * Some policymakers still fear too-low inflation. * Strong euro, lower wage growth, Chinese imports dampen price pressures.
Central European currencies
were holding steady on Friday despite tremors in global markets
caused by fears over AI, as investors digested the Czech central
bank's decision to maintain a ...
MPLX (MPLX) said late Thursday it priced a $1.5 billion public offering of unsecured senior notes. The offering comprises $1 billion of 5.3% notes due 2036 and $500 million of 6.1% notes due 2056. The company expects the offering to close Feb. 12 and plans to use the net proceeds to repay its outstanding $1.5 billion of 1.75% senior notes due March 2026 at maturity.
* Investors unwind riskier positions on AI spending surge, dollar gets haven bid. * Yen weakens ahead of Japan's national election. * Euro and sterling recover after central bank decisions. By Amanda Cooper.
Euro zone inflation is likely to remain broadly on the same path as seen three months ago, dipping below 2% this year, then returning to target ?in 2027, the European Central Bank's Survey of Professional Forecasters showed on Friday.
* Japan holds February 8 snap election. * AI splinters into winners and losers. * US CPI, non-farm payrolls released. Japan's snap election, a heavy dose of key U.S. data, earnings season, plus a slide in tech shares suggest there won't be much down time for traders in the coming week.
Euro zone government bond yields were set to end the week slightly lower after the European Central Bank kept rates on hold, bolstering expectations of steady policy through 2026. The 2-year yields were down ?1.5 basis points at ?2.05% on ?Friday, and on track for a 1.5 bps weekly drop.
* Exports to U.S. and China drive unexpected rise. * Industrial production falls 1.9%, dashing recovery hopes. * Trade surplus widens to 17.1 billion euros in December. By Maria Martinez.
* ECB, BoE hold rates. * RBA delivers first rate hike in two years. * Markets anticipate more Fed easing. By Stefano Rebaudo. Central banks in big economies are parting ways, with Australia this week raising interest rates for the first time in two years, while others are taking a more cautious approach even if they are likely done with easing.
German industrial production fell ?more than ?expected in December ?by ?1.9% ?compared with ?the ?previous month, the federal statistics ?office ?said ?on Friday. Analysts polled by ?Reuters had predicted a 0.3% ?fall. The ?office offers more ?detailed data on its website.
Indonesia's stocks and currency skidded on Friday after Moody's lowered the country's credit rating outlook, the latest jolt for Southeast Asia's largest economy, wiping about $120 billion off its equity market in a turbulent start to the year.
Currency intervention using Japan's foreign exchange reserves can deliver an immediate jolt to markets, but its impact would be more durable if accompanied by steady rate hikes, a former top currency diplomat ?told Reuters.
Currency intervention using Japan's foreign exchange reserves can deliver an immediate jolt to markets, but its impact would be more durable if accompanied by steady rate hikes, a ?former top currency diplomat told Reuters.
Japanese government bond yields fell on Friday, led by the longest-dated debt, with investors optimistic that a likely landslide win for the coalition government in Sunday's snap election will temper any expansion of fiscal ?stimulus. Yields were also under pressure from a sharp decline in U.S. Treasury yields overnight ?as economic data pointed to a weaker-than-expected jobs market.
FINDLAY, Ohio, Feb. 5, 2026 MPLX LP (MPLX) announced today that it has priced $1.5 billion in aggregate principal amount of unsecured senior notes in an underwritten public offering consisting of $1.0 billion aggregate principal amount of 5.300% senior notes due 2036 and $500 million aggregate principal amount of 6.100% senior notes due 2056.
US equity indexes fell on Thursday, with the Nasdaq Composite plunging more than 360 points and the Dow Jones Industrial Average diving almost 600 points, as weak labor market reports sank Treasury yields and investors remained cautious about big tech's AI spending plans.
The Toronto Stock Exchange closed sharply lower on Thursday for the second time in a week, with the resources-heavy exchange weighed down by deflated commodity prices and fresh economic updates, as data showed signs of a slowdown in the U.S. labor market and as Desjardins noted the Bank of Canada Governor has thrown "more cold water on the possibility of rate cuts".
* Bank of England leaves rates unchanged, pound drops. * Dollar strengthens amid risk aversion and central bank decisions. * Bitcoin tumbles, hits lowest since October 2024. By Laura Matthews. The U.S. dollar hit a two-week high on Thursday as fresh volatility gripped stocks and the pound tumbled after the Bank of England voted by a razor-thin margin to leave UK rates unchanged.
STORE Capital LLC, an internally managed net-lease real estate investment trust that invests in Single Tenant Operational Real Estate, announced today that it has priced a $450.0 million offering of 4.95% senior unsecured notes due 2031. The Company intends to use the net proceeds from this offering to repay indebtedness and to fund property acquisitions.
Munis enter this year with "strong credit fundamentals, elevated tax-equivalent yields, and a steeper curve that supports duration extension," said James Welch, municipal portfolio manager at Principal Asset Management.
DeFi Development Corp. (DFDV), the first public company with a treasury strategy built to accumulate and compound Solana, today announced the release of its January 2026 company recap, outlining continued progress across onchain yield deployment, DeFi integrations, governance, and international expansion.
InPlay Oil (IPOOF) said Thursday afternoon it plans to issue up to 550 million New Israeli Shekels in senior unsecured bonds in Israel. The bonds will mature on Dec. 15, 2030, rank equally with InPlay's other senior unsecured debt, and carry an interest rate set by auction, capped at 6.23% per year.
Financial stocks were decreasing in late Thursday afternoon trading, with the NYSE Financial Index falling 1% and the State Street Financial Select Sector SPDR ETF dropping 1.1%. The Philadelphia Housing Index was fractionally lower, and the State Street Real Estate Select Sector SPDR ETF was down 0.4%. Bitcoin was falling past 12% to $63,966 and the yield for 10-year US Treasuries dropped 6.5 ...
Restructuring the Canadian economy to cope with U.S. tariffs, slower population growth and the rise of artificial intelligence will take years, and could be painful, Bank of Canada Governor Tiff Macklem said on Thursday. Macklem ?urged policymakers and businesses to do all they could to adjust to the new challenges, saying Canada could ?not afford to fail.
The MSRB published the request for comment Nov. 3 to seek input on draft amendments to Rule D-15, which defines the term sophisticated municipal market professional.
Financial stocks were decreasing in late Thursday afternoon trading, with the NYSE Financial Index falling 1% and the State Street Financial Select Sector SPDR ETF dropping 1.1%. The Philadelphia Housing Index was fractionally lower, and the State Street Real Estate Select Sector SPDR ETF was down 0.4%. Bitcoin was falling past 12% to $63,966 and the yield for 10-year US Treasuries dropped 6.5 ...
* Canadian dollar falls 0.1% against the greenback. * Trades in a range of 1.3653 to 1.3699. * Price of oil settles 2.8% lower. * Canadian yields ease across the curve. By Fergal Smith.
* Traders anticipate two 25 basis point rate cuts this year. * Kevin Warsh expected to adopt dovish stance as new Fed Chair. * Two-year yields hit four-week low aftrer weak jobs data. By Karen Brettell.
Atlanta Fed President Raphael Bostic said that he believes the FOMC should hold rates steady in 2026 and that it will take time for Kevin Warsh, the nominee to replace Jerome Powell as Fed share, to convince a majority of the committee that rates need to be lower.
* Rate hold is first pause since mid-2024. * Central bank now sees inflation hitting target in Q2 2027. * Analysts expect Banxico to hold rate for much of 2026. By Brendan O'Boyle. The Bank of Mexico's governing board unanimously held its benchmark interest rate at 7.00% on Thursday, in line with market expectations ?after recent upticks in both inflation and economic growth.
Financial stocks were decreasing in Thursday afternoon trading, with the NYSE Financial Index falling 1.3% and the State Street Financial Select Sector SPDR ETF dropping 1.3%. The Philadelphia Housing Index was shedding 0.7%, and the State Street Real Estate Select Sector SPDR ETF was down 0.2%. Bitcoin was falling past 10% to $65,605 and the yield for 10-year US Treasuries was dropping 6.5 bas...
The Bank ?of Mexico ?held its benchmark ?interest rate ?at ?7.00% on ?Thursday, ?in line with expectations ?amid ?recent ?upticks in both inflation and ?economic growth. The decision by the central ?bank's ?five-member governing board was ?unanimous, the bank said in a statement.
Gold traded lower midafternoon on Thursday as the metal failed to find support at the US$5,000 mark a day earlier, even as treasury yields weaken amid further signs the U.S. labor market is slowing. Gold for March delivery was last seen down US$60.50 to US$4,890.30 per ounce.
A federal court decision enjoins the state from enforcing a 2021 law that penalizes investment banks and others for "boycotting" the fossil fuel industry.
Financial stocks were decreasing in Thursday afternoon trading, with the NYSE Financial Index falling 1.3% and the State Street Financial Select Sector SPDR ETF dropping 1.3%. The Philadelphia Housing Index was shedding 0.7%, and the State Street Real Estate Select Sector SPDR ETF was down 0.2%. Bitcoin was falling past 10% to $65,605 and the yield for 10-year US Treasuries was dropping 6.5 bas...
Bank of Canada Governor Tiff Macklem ?on Thursday ?welcomed the ?nomination of ?Kevin ?Warsh as chair of ?the U.S. ?Federal Reserve, saying he ?had ?a ?deep knowledge of financial markets and ?the international monetary system. "I'm looking forward to working ?with ?Kevin," he said in ?a question and answer session after giving a speech in ?Toronto.
Brazil's trade surplus reached $4.3 billion in January, the Ministry of Development, Industry, Trade and Services ?said on Thursday, up 85.8% from a year ?earlier but below the $4.9 billion expected by ?economists in a Reuters ?poll. Exports from ?Latin America's largest economy fell 1.0% from a year ?earlier to $25.2 billion, ?while imports dropped a sharper 9.8% to $20.8 billion.
Restructuring the Canadian economy to cope with U.S. tariffs, slower population growth and the rise of artificial intelligence will take years, and could be painful, Bank of Canada Governor Tiff Macklem said on Thursday. Macklem urged policymakers and businesses to ?do all they could to adjust to the new challenges, saying Canada could not afford to fail.
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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