The pound fell on Tuesday after data showed Britain's unemployment ?rate rose in December while ?wage growth slowed more than expected, ?potentially adding to the case for ?further Bank of England ?rate ?cuts. Sterling was last down 0.29% against the ?dollar at $1.359, ?having traded at $1.3613 before the figures were released.
Japanese government bond yields fell to multi-week lows on Tuesday in holiday-thinned trading, tracking sharp declines in U.S. Treasury yields last week. The benchmark ?10-year JGB yield fell 8.5 basis points to ?2.125%, its lowest since January 9. The 20-year JGB yield slid 11 bps to 2.970%, the lowest ?since the end of December.
The dollar held gains on Tuesday as markets awaited signals, expected later this week, about the potential timing of rate cuts by the Federal Reserve. The yen trimmed losses from a day earlier when worse-than-expected Japanese economic data stirred expectations that the government would ?ramp up stimulus.
Australia's central bank concluded inflation would stay stubbornly high if it had not hiked interest rates as it did this month, and was not yet sure if further tightening would be necessary.
* Yen lower after strongest week in 15 months. * Japan GDP miss highlights challenges. * Dollar steady after inflation data spurs rate cut wagers. * Liquidity likely thin due to holidays. By Samuel Indyk and Ankur Banerjee.
Canadian housing ?starts fell more than ?expected in ?January, dropping 15% ?from the ?previous month, ?data from the ?national ?housing agency showed on ?Monday. The ?seasonally ?adjusted annualized rate of housing starts declined ?to 238,049 ?units from a revised 280,668 ?units ?in December, the ?Canada ?Mortgage and Housing Corporation said.
* Yen lower after strongest week in 15 months. * Japan GDP miss highlights challenges. * Dollar steady after inflation data spurs rate cut wagers. * Liquidity likely thin due to holidays. By Samuel Indyk and Ankur Banerjee.
* Wall St futures rise in thin trade. * Japan GDP grows just 0.2% in Q4, far below forecast. * Dollar idles ahead of US GDP, global PMIs. By Nell Mackenzie and Wayne Cole. LONDON/SYDNEY, Feb 16 - World shares steadied on Monday after Friday's drop triggered by AI-related concerns as the Lunar New Year holiday in Asia and President's Day in the U.S. made for thin trading.
* Yen drifts lower after strongest week in 15 months. * Japan GDP miss highlights challenges. * Dollar steady after inflation data spurs rate cut wagers. * Liquidity likely thin due to holidays. By Samuel Indyk and Ankur Banerjee.
* Meeting came amid market speculation of near-term rate hike. * Ueda says two discussed general economic, financial themes. * Takaichi did not make any request on monetary policy, Ueda says. * Ueda declines comment on whether PM consented to rate-hike plan. By Makiko Yamazaki and Leika Kihara.
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.
Short-term Japanese government bond yields edged lower on Monday as weaker-than-expected economic data caused traders to ?pare bets for an early rate hike by the ?central bank. The two-year yield, which is most sensitive to Bank of Japan policy rates, fell 1.5 basis points ?to 1.265%. The five-year yield fell 1.5 bps to 1.665%. Bond yields move inversely to ?prices.
* Yen drifts lower after strongest week in 15 months. * 'Buy Japan' momentum intact but GDP miss highlights challenges. * Dollar steady after inflation data spurs rate cut wagers. * Thin liquidity due to holidays. By Ankur Banerjee.
A look at the day ahead in European and global markets from Wayne Cole. It's been a quiet start to the week with holidays in much of Asia - welcome, almost, to the year ?of the Fire Horse - and the United States. Japanese ?data rained on the Nikkei's parade as GDP badly missed forecasts. GDP was also up ?just 0.1% year-on-year, a ?sharp slowdown from 2% in mid-2025.
* Nikkei, Wall St futures shade firmer in thin trade. * Japan GDP grows just 0.2% in Q4, far below forecast. * Dollar idles ahead of US GDP, global PMIs. By Wayne Cole. Asian shares quietly consolidated recent hefty gains on Monday as the Lunar New Year holiday made for thin trading, while dismal economic data out of Japan took some air out of that booming market.
Bank of Japan Governor Kazuo Ueda and Prime Minister Sanae Takaichi held their first bilateral meeting on Monday since the ruling party's landslide election victory, which could have served as a venue to discuss?the central bank's rate-hike plans.
The Japanese yen dipped on Monday after strong gains last week on easing fiscal worries while the U.S. dollar was steady as soft inflation data bolstered the case for interest rate cuts from the Federal Reserve later this year. Liquidity is likely to be thin with markets in the U.S., China, Taiwan and South Korea closed for holidays.
* Yen drifts lower after strongest week in 15 months. * 'Buy Japan' momentum intact but GDP miss highlights challenges. * Dollar steady after inflation data spurs rate cut wagers. * Thin liquidity due to holidays. By Ankur Banerjee.
Short-term Japanese government bonds rose on Monday following data that showed the economy grew far slower than expected last quarter. The two-year JGB yield, the one most sensitive to ?Bank of Japan policy rates, decreased 1.5 ?basis points to 1.265%. The five-year yield fell 1 bp to 1.670%. Yields move inversely to ?bond prices.
Gold edged lower on Monday as the dollar rose after bullion notched a more than 2% gain in the previous session, as cooler-than-expected U.S. inflation data lifted expectations for interest ?rate cuts by the Federal Reserve. FUNDAMENTALS. * Spot gold ?fell 0.4% to $5,020.10 per ounce by 0111 GMT after gaining 2.5% in the previous session.
Japan's government must avoid meddling in monetary policy and focus on steps to build an economy strong enough to weather the potential pain from any further interest rate hikes, the leader of the ruling coalition's junior partner told Reuters.
* Nikkei, Wall St futures shade firmer in thin trade. * Japan GDP grows just 0.2% in Q4, far below forecast. * Dollar little changed ahead of US GDP, global PMIs. By Wayne Cole. Asian shares were quietly consolidating recent hefty gains on Monday as holidays made for thin trading, and dismal economic data out of Japan took some of the heat out of ?that booming market.
* Q4 GDP rises annualised 0.2%, sharply below f'cast of 1.6% * Consumption slows down to 0.1% on cost-of-living woes; capex up. * Slow growth, stubborn inflation highlight BOJ-government policy tension. * Exports post milder fall as initial blow of US tariffs fades. By Makiko Yamazaki and Chang-Ran Kim.
Japan's economy ?eked out ?a slight expansion ?of an annualised ?0.2% ?in ?the October-December quarter, government ?data ?showed on Monday, short ?of ?the ?median market forecast for a 1.6% ?rise. The growth ?in gross domestic product translated ?into ?a quarterly ?increase of ?0.1%, which compared with the median estimate for a ?0.4% rise.
?Peru's economy grew 3.44% ?in 2025, the government's INEI ?statistics agency said ?on ?Sunday, up slightly from the year ?before. The GDP ?also expanded by 3.83% in December ?compared with 1.53% ?growth ?in November, the statistics agency reported.
Peru's ?gross domestic ?product expanded ?by 3.83% ?in December ?compared ?with ?the ?prior month, the government's ?statistics ?agency ?said on Sunday. The agency ?highlighted ?increased production in "most economic ?sectors," ?including ?construction, ?trade and manufacturing.
* 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.
The U.S. is approaching a critical fiscal point as its federal debt is projected to surpass historical levels, raising alarms about the country?s economic stability. The U.S. federal debt is on track to surpass a significant milestone, with projections indicating a troubling fiscal future.
The European Central Bank is opening its euro lifeline to nearly all foreign countries to boost the single currency's global role amid geopolitical turmoil and fraying alliances. The ECB said on Saturday that potentially "all central banks" outside the euro area would be allowed to borrow euros against collateral denominated in the euro ?zone's currency.
The European Central Bank unveiled plans on Saturday to widen access to its euro liquidity backstop, making it globally available and permanent in a bid to bolster the international role of the single currency.
* To provide standing access, in principle, for all central banks. * Change reinforces the role of the euro. * New facility available from third quarter. The European Central Bank unveiled plans on Saturday to widen access to its euro liquidity backstop, making it globally available and permanent ?in a bid to bolster the international role of the ?single currency.
India's Manappuram Finance has received final approval from the Reserve Bank of India ?for Bain Capital to acquire ?joint control and up to 41.66% of ?the company's equity and convertible instruments, ?the non-bank lender said ?on Saturday.
India's Manappuram Finance has received final approval from the Reserve Bank of India ?for Bain Capital to acquire ?joint control and up to 41.66% ?of the company's equity and convertible instruments, ?the non-bank lender said on ?Saturday.
* Dow, S&P 500 end barely higher; Nasdaq down. * Dollar was last flat while yields were down. * US January inflation data softer than expected. * Aluminum prices fall after report on tariffs. By Caroline Valetkevitch.
US equity benchmarks ended mixed on Friday as traders evaluated inflation data, capping Wall Street's worst week since November. The Nasdaq Composite fell 0.2% to 22,546.7, extending losses to a fourth consecutive day. Stock and bond markets will be closed Monday for the Presidents' Day holiday.
US equity indexes closed mixed on Friday as investors lightened up on technology-related sectors after inflation cooled and the odds remained predominantly in favor of the Federal Reserve extending its policy pause. The Nasdaq Composite fell 0.2% to 22,546.67, after trading higher earlier in the session. Communication services and technology were among the decliners.
KBRA assigns an A+ long-term rating to the City of Chicago Chicago O'Hare International Airport General Airport Senior Lien Revenue Bonds, Series 2026A. The City's O'Hare GARBs are secured by a first lien pledge of Net Revenues derived from the operations of O?Hare and certain funds and accounts maintained under the Senior Lien Indenture.
* TSX ends up 1.9% at 33,073.71. * For the week, the index adds 1.9% * Materials group jumps 4.4% as gold rallies. * Magna soars 18.9% on profit forecast. By Fergal Smith. Canada's main stock index rebounded on Friday, ?led by gains for Magna and commodity-linked shares, as softer-than-expected U.S. inflation data raised prospects ?of Federal Reserve interest rate cuts.
* US two-year yields fall to four-month low. * US 10-year, 30-year yields drop to 10-week trough. * US rate futures more than fully reflect two cuts in 2026. * US yield curve steepens post-CPI. By Gertrude Chavez-Dreyfuss.
Cencora, Inc. (COR) today announced the closing of its public offering of $500 million aggregate principal amount of its 3.950% Senior Notes due February 13, 2029, $500 million aggregate principal amount of its 4.250% Senior Notes due November 15, 2030, $500 million aggregate principal amount of its 4.600% Senior Notes due February 13, 2033, $1.0 billion aggregate principal amount of its 4.900% Senio...
US equity indexes were mixed Friday as investors weighed a tame key consumer inflation report. * The Consumer Price Index rose 0.2% in January, coming in below the 0.3% forecast by economists surveyed by Bloomberg. * Core inflation, which removes volatile food and energy prices, rose 0.3% January, up from 0.2% in December and matching forecasts.
Financial stocks were lower late Friday afternoon, with the NYSE Financial Index shedding 0.3% and the State Street Financial Select Sector SPDR ETF down 0.2%. The Philadelphia Housing Index climbed up 1.1%, and the State Street Real Estate Select Sector SPDR ETF rose 1.3%. Bitcoin was increasing 4% to $68,830, and the yield for 10-year US Treasuries was shedding 4.8 basis points to 4.06%. In e...
"Unsurprisingly, the market is taking these numbers in stride, with the bond market only slightly higher after a large rally over the last couple of days due to the equity market sell-off," said John Kerschner, global head of securitized products and portfolio manager at Janus Henderson Investors.
Financial stocks were lower in late Friday afternoon trading, with the NYSE Financial Index shedding 0.3% and the State Street Financial Select Sector SPDR ETF down 0.2%. The Philadelphia Housing Index climbed 1.1%, and the State Street Real Estate Select Sector SPDR ETF advanced 1.3%. Bitcoin was increasing 4% to $68,830, and the yield for 10-year US Treasuries was shedding 4.8 basis points to...
* Wall Street stocks slightly higher. * Dollar was last flat while yields were down. * US January inflation data softer than expected. * Aluminum prices fall after report on tariffs. By Caroline Valetkevitch.
Mortgage rates are expected to remain largely steady for the foreseeable future, with the Federal Reserve seen holding its monetary policy steady as it focuses on the labor market amid receding inflation risks, Redfin said Friday.
The consumer price index rose by 0.2% in January, below expectations for a 0.3% gain, and was up 0.3% excluding food and energy prices, as expected. The gains lowered the year-over-year increase to 2.4% from 2.7% in December, while the core measure was up 2.5% year-over-year after a 2.6% rate in the previous month.
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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