* Trade surplus shrinks, despite lower energy imports. * US tariffs taking their toll. * Growth holding up as domestic economy resilient. * German spending to hold up overall growth. By Balazs Koranyi.
Wall Street futures edged modestly lower pre-bell Friday as traders mulled emergent artificial intelligence's role in disrupting enterprise, and awaited an official inflation report.
* ECB says ESMA should lead supervision of top 15 funds. * Call is part of ECB push for capital markets union. * ECB warns of 'blind spots' in national supervision. * Asset managers have a growing role in lending.
* AI disruption fears hit industries, investors eye next shoe to drop. * Walmart (WMT) earnings in focus after retailer tops $1 trillion in market cap. * Economic data due include PCE inflation gauge, Q4 GDP. By Lewis Krauskopf.
U.S. equity funds recorded outflows in the week to February 11 on worries over AI-related corporate spending ?and as a stronger jobs ?report dampened expectations of Federal Reserve rate cuts. Investors exited a ?net $1.42 billion worth of U.S. equity funds ?during the week in their ?first weekly ?net sales since January 21, LSEG Lipper data showed.
* Gold and silver set for weekly gain. * Platinum, palladium poised for weekly losses. * US CPI data due at 8:30 a.m. ET. By Pablo Sinha. Gold rose more than 1% on Friday, rebounding from Thursday's near ?one-week low, as bargain-hunters stepped in, with investors keeping ?an eye on key U.S. inflation data due later in the day for cues on the Federal Reserve's policy ?outlook.
U.S. equity funds recorded outflows in the week to February 11 on worries over AI-related corporate spending ?and as a stronger jobs ?report dampened expectations of Federal Reserve rate cuts. Investors exited ?a net $1.42 billion worth of U.S. equity funds ?during the week in their ?first weekly ?net sales since January 21, LSEG Lipper data showed.
* * Bank signals more cuts to come. * Bank raises inflation forecast for 2026. * Bank cuts oil price forecast for 2026 by $10. By Elena Fabrichnaya. MOSCOW, Feb 13 - Russia's central bank cut its key interest rate by 50 basis points to 15.5% on Friday and signalled ?that rates could fall further in a bid to shore up the slowing ?wartime economy, which is struggling with high borrowing costs.
China's new bank lending jumped in January from the previous month but was below expectations and far short of the record level a year earlier, as subdued credit demand continued to weigh on borrowing in the world's second-largest economy.
The EU's trade surplus kept shrinking, data showed on Friday, as tariffs weighed on exports to the U.S. and rising Chinese imports crowded out domestic production, highlighting existential threats to the bloc's economic model.
The EU's trade surplus kept shrinking, data showed on Friday, as tariffs weighed on exports to the U.S. and rising Chinese imports crowded out domestic production, highlighting existential threats to the bloc's economic model.
* Yen up more than 2% against the dollar this week. * 'Buy Japan' narrative gathers steam in sentiment shift. * Dollar on guard ahead of US CPI data. By Amanda Cooper.
China's new bank lending jumped in January from the previous month but came in below expectations and far short of the record level a year earlier, as subdued credit demand continued to weigh on borrowing in the world's second-largest economy.
* Gold set for weekly gain of 0.4% * Silver on track for weekly gain of 0.7% * Platinum, palladium also poised for weekly losses. * US consumer price index data due at 8:30 a.m. ET. By Ishaan ?Arora.
Sweden's January ?inflation came in ?lower than ?expected underlining the ?downside risks ?to inflation ?in the Nordic ?country, ?central bank Deputy Governor Per ?Jansson ?said ?on Friday. "I have seen increased ?downside risks ?to underlying inflation," Jansson told reporters.
Much of Asia will be off to celebrate the Lunar New Year as the year of the fire horse begins, a rare combination said to pair elements of energy with volatility. Markets will hope for signs of the former from consumer bellwether Walmart's (WMT) results, while European miners' earnings face plenty of the latter in commodity markets.
Euro area benchmark Bund yields hit a fresh two-month low on Friday and were set ?for their biggest weekly drop since ?March ahead of U.S. economic data due later in the ?session. Markets have been tracking U.S. Treasuries, but ?the European Central Bank is expected ?to keep ?policy on hold this year.
* Gold set for weekly loss of 0.2% * Silver on track for weekly loss of 2.1% * Platinum, palladium also poised for weekly losses. * US consumer price index data due at 08:30 am ET. By Ishaan ?Arora.
By Junko Fujita. Yields on short-term Japanese government bonds recovered some early losses on Friday, following ?remarks from a hawkish Bank of ?Japan board member, as the market reacted to the prospect of tighter policy. The ?benchmark 10-year JGB yield fell 1 basis point to 2.22%, after ?initially dipping as much as 3.5 basis ?points at 2.195% ?earlier in the session.
* Yen up more than 2% against the dollar this week. * 'Buy Japan' narrative gathers steam in sentiment shift. * Dollar on guard ahead of US CPI data. By Jiaxing Li and Rae Wee.
U.S. consumer prices likely maintained a steady pace of increase in January as businesses raised prices at the start of the year, which together with a stabilizing labor market could allow the Federal Reserve to keep interest rates unchanged for a while.
China's new home prices extended ?their decline in ?January, official data ?showed on Friday, indicating ?weak demand that ?would ?further weigh on ?the country's cash-strapped ?developers. Prices fell 0.4% month-on-month, matching ?the ?previous month's ?decline, according to Reuters calculations based on National ?Bureau of Statistics ?data.
The U.S. dollar was mostly flat against peer currencies on Friday after data showed a less-than-expected increase in inflation in January, suggesting the Federal Reserve could continue to hold rates steady in the near term. The Japanese yen was set for its strongest weekly gain ?in about 15 months.
Japanese government bond yields fell on Friday as Finance Minister Sastsuki Katayama's recent remarks eased fiscal ?concerns, while market participants awaited comments ?from a hawkish Bank of Japan board member later in ?the day. The benchmark 10-year JGB yield fell ?3 basis points to 2.200%. The ?two-year yield ?slipped 1 bp to 1.29%. Yields move inversely to bond ?prices.
* Yen up nearly 3% against the dollar this week. * 'Buy Japan' narrative gathers steam in sentiment shift. * Dollar on guard ahead of US CPI data. By Rae Wee and Jiaxing Li. The yen was set for its best week in almost 15 months on Friday, having climbed steadily after Japanese Prime Minister Sanae Takaichi's historic election win allayed ?investor worries about the nation's fiscal health.
The Federal Reserve's current monetary-policy setting threatens U.S. economic growth that otherwise is being "underwritten" by a range of Trump administration policies including tax cuts, Fed Governor Stephen ?Miran said on Thursday as he ?again laid out the case for more interest-rate cuts.
The Federal Reserve's current monetary-policy setting threatens U.S. economic growth that otherwise is being "underwritten" by a range of Trump administration policies including ?tax cuts, Fed Governor Stephen Miran said ?on Thursday as he again laid out the case for more interest-rate cuts.
* Japan out of deflation, economy in different phase from Abe era. * Govt does not need to fill BOJ openings with reflationists. * BOJ may see scope to raise rates this year, March premature. * Takaichi's nominees seen as test to her approach on BOJ policy. By Yoshifumi Takemoto.
What would need to happen for the Federal Reserve to raise U.S. interest rates? So the fact that the current market debate surrounds the number of expected rate cuts this year should give pause to investors and policymakers alike. The case for raising rates is every bit as strong right now as the case for putting cuts on hold and ?maintaining an easing bias.
Feb 12 - Peru's central ?bank held ?its benchmark ?interest rate on ?Thursday at ?4.25%, ?in line ?with ?analysts' expectations. In December, ?the ?central ?bank predicted that annual inflation in ?the world's ?third-largest copper-producing nation would ?end ?2026 at ?2%, ?while the economy should grow some 3%.
W. P. Carey (WPC) said late Thursday it has priced an underwritten public offering of 1 billion euros of senior unsecured notes with a weighted-average coupon of 3.500% and a weighted-average term of 7.4 years. The notes consist of 500 million euros of 3.250% senior notes due 2031 and 500 million euros of 3.750% senior notes due 2035, the company said.
KBRA assigns a long-term rating of AA+ to the following series of bonds of the Metropolitan Government of Nashville and Davidson County, TN: Concurrently, KBRA affirms the long-term rating of AA+ on Metro's outstanding General Obligation Improvement Bonds. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges.
Concentrix Corporation (CNXC), a global technology and services leader, today announced that it has priced a public offering of $600 million aggregate principal amount of 6.500% Senior Notes due 2029.
Royal Caribbean Cruises (RCL) said late Thursday it priced a registered public offering of $1.25 billion aggregate principal amount of 4.750% senior unsecured notes due 2033 and $1.25 billion aggregate principal amount of 5.250% senior unsecured notes due 2038. The 2033 notes will mature on May 15, 2033, and the 2038 notes will mature on Feb. 27, 2038.
NEW YORK, Feb. 12, 2026 W. P. Carey Inc. (WPC) announced today that it has priced an underwritten public offering of ?1.0 billion in aggregate principal amount of senior unsecured notes with a weighted-average coupon of 3.500% and a weighted-average term of 7.4 years, comprising the following tranches: Application has been made for the Notes to be admitted to the Official List of the Irish Stock Exch...
* * MSCI world stock index also falls. * Focus now on US inflation data on Friday. * Yen gains further on investor bets that Takaichi will be fiscally responsible. By Caroline Valetkevitch. NEW YORK, Feb 12 - Major stock indexes fell sharply on Thursday as technology shares slid and ?investors were cautious ahead of U.S. inflation data on Friday, while U.S. Treasury ?yields also dropped.
MIAMI, Feb. 12, 2026 Royal Caribbean Cruises Ltd. (RCL) today announced that it has priced a registered public offering of $1.25 billion aggregate principal amount of 4.750% senior unsecured notes due 2033 and $1.25 billion aggregate principal amount of 5.250% senior unsecured notes due 2038.
T-Mobile US, Inc. (TMUS) announced today that T-Mobile USA, Inc., its direct wholly-owned subsidiary, has agreed to sell ?750,000,000 aggregate principal amount of its 3.200% Senior Notes due 2032, ?750,000,000 aggregate principal amount of its 3.625% Senior Notes due 2035 and ?1,000,000,000 aggregate principal amount of its 3.900% Senior Notes due 2038 in a registered public offering.
PANAMA CITY, Feb. 12, 2026 Bladex, a Panama-based multinational bank originally established by the central banks of 23 Latin-American and Caribbean countries to promote foreign trade and economic integration in the Region, announced today its results for the Fourth Quarter and Full-year ended December 31, 2025.
US equity indexes fell on Thursday as technology emerged as the worst-performing sector amid sliding government bond yields and as Friday's inflation print loomed. The Nasdaq Composite slumped 2% to 22,597.15, the S&P 500 dropped 1.6% to 6,832.76, and the Dow Jones Industrial Average slid 1.3% to 49,451.98. Energy, financials, and consumer discretionary were among the worst performers.
The Federal Reserve is on track to continue forward with sizable Treasury bill buying into the spring but it is unclear what happens after the annual tax filing date has passed, an ?official who helps manage the implementation of monetary policy ?at the New York Fed said on Thursday.
Currently, munis are largely operating "in their own world" ? ignoring rich valuations and upcoming supply, said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital, in a report.
Advanced Drainage Systems, Inc. (WMS), a leading provider of innovative water management solutions in the stormwater and onsite wastewater industries, today announced that it priced a private offering of $500 million aggregate principal amount 5.375% senior unsecured notes due 2034.
US equity indexes ended lower Thursday amid concerns surrounding the impact of artificial intelligence on software and financial stocks and potential unemployment linked to the use of AI. * US initial jobless claims fell to 227,000 in the week ended Feb. 7 from 232,000 in the previous week, compared with expectations for 223,000 in a Bloomberg compiled survey.
Financial stocks were decreasing in late Thursday afternoon trading, with the NYSE Financial Index falling 1.2% and the State Street Financial Select Sector SPDR ETF dropping 1.6%. The Philadelphia Housing Index was increasing 0.3%, and the State Street Real Estate Select Sector SPDR ETF adding 0.8%. Bitcoin was declining 2.6% to $65,454, and the yield for 10-year US Treasuries dropped 7.9 basi...
Financial stocks were decreasing in late Thursday afternoon trading, with the NYSE Financial Index falling 1.2% and the State Street Financial Select Sector SPDR ETF dropping 1.6%. The Philadelphia Housing Index was increasing 0.3%, and the State Street Real Estate Select Sector SPDR ETF adding 0.8%. Bitcoin was declining 2.6% to $65,454, and the yield for 10-year US Treasuries dropped 7.9 basi...
* US stocks down after opening higher. * Focus now on US inflation data on Friday. * Yen gains further on investor bets on fiscally responsible Takaichi. By Caroline Valetkevitch. Major stock indexes fell on Thursday as technology shares slid and investors were cautious ahead of U.S. ?inflation data on Friday, while U.S. Treasury yields also dropped.
A loss of independence at the U.S. Federal Reserve could raise political pressure on central banks all around the world ?and boost inflation for everyone, Bundesbank ?President Joachim Nagel said on Wednesday.
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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