The Canadian consumer price index rose 2.3% on a year-over-year basis in January, following a 2.4% increase in December, said the country's statistical agency on Tuesday. January's CPI was lower than the 2.4% year-over-year consensus figure provided by MUFG.
* * Consumer price index unchanged on monthly basis in January. * Core measures of inflation and shelter costs continue to ease. By Promit Mukherjee. Canada's annual inflation rate in January accelerated at a slower pace than ?the previous month as a big drop in gasoline prices helped ?cushion the impact of higher food and clothing prices, Statistics Canada said on Tuesday.
ROSELAND, N.J., Feb. 17, 2026 For the four weeks ending January 31, 2026, U.S. private employers added an average of 10,250 jobs per week, according to the NER Pulse, a weekly update of the monthly ADP National Employment Report?.?. It was the third straight week of strengthening job gains. The?NER Pulse is an estimate of the week-over-week change in employment based on a four-week moving average.
Canada will update one of two consumer price index readings before the next Bank of Canada decision on March 18 at 8:30 a.m. ET on Tuesday, said Scotiabank. January's reading is expected to be up by only 0.1% month-over-month non-seasonally adjusted and unchanged at 2.4% year over yeary, noted the bank. Key will be the various core readings, stated Scotiabank.
The muni market produced $586.195 billion of debt issuance in 2025, up 14.1% from the previous record of $513.652 billion in 2024, according to LSEG data.
Builders FirstSource (BLDR) forecast annual profit margin below Wall Street estimates on Tuesday, as continued weakness in housing construction and affordability ?constraints weighed on its business. Softening ?demand across key property segments and lingering oversupply in areas ?like multifamily segment continue to squeeze Builders FirstSource's (BLDR) operating ?performance.
The US dollar rose against its major trading partners early Tuesday after the long holiday weekend, except for a decline versus the yen, as markets focus on release of the minutes of the Jan. 27-28 Federal Open Market Committee meeting Wednesday and the first look at Q4 gross domestic product data Friday.
The main macroeconomic event in Canada this week will be the publication of the consumer price Index for January at 8:30 a.m. ET on Tuesday, said National Bank of Canada. The slight increase in gasoline prices during the month was probably not enough to move the needle, and the headline index likely remained unchanged, noted the bank.
* Barclays sees dollar/yen fair value at 140, near-term target at 150. * Dollar on hold against euro before US data, Fed minutes. * Pound drops after data shows unemployment rate rising to five-year high. By Stefano Rebaudo.
Bank of Montreal said that Canada will release the consumer price index for January at 8:30 a.m. ET on Tuesday. CPI likely rose "modestly" in January, with energy prices climbing, noted the bank. Core inflation is expected to be flat to lower, continuing the decelerating trend in place over the prior few months, stated the bank. On Friday, investors will get a pulse-check on Canadian consumers.
* Economic sentiment indicator falls to 58.3, below expectations. * Government spending boosts recovery, but challenges remain. * Structural challenges persist, impacting industry and private investment. By Maria Martinez.
Tuesday's Consumer Price Index report for January should show a tick higher in Canadian headline inflation to 2.6% year over year, largely due to tax-related distortions -- the prior year's GST/HST holiday wasn't repeated this year -- alongside still elevated grocery price growth, said RBC. Canada is slated to release January's CPI at 8:30 a.m. ET on Tuesday.
Fiscal risks in the United Kingdom have receded somewhat with the prospects of easing inflation and Bank of England rate cuts helping restore confidence to the Gilt market, which has eased fiscal sustainability risks, said MUFG. The U.K. jobs data released Tuesday, in the bank's view, reinforces the prospect of a rate cut at the next meeting on March 19.
US equity investors will focus on factors that could help weaken the so-called artificial intelligence-scare trade, including the Federal Reserve's preferred inflation data and speeches from central bank heavyweights, as well as the strength of the economy. * About 55 S&P 500 firms will likely report Q4 results this week, according to a D.A. Davidson note.
Kevin Warsh, nominated to lead the Federal Reserve, may want a smaller central bank balance sheet, but he's unlikely to get it absent major tinkering with the financial system, and even then, it might not be possible. That's because the system the Fed now uses to achieve its monetary policy goals depends on the banking system holding large amounts of money.
The economic indicators for the U.S. and Europe due to be released are likely to give the commodity markets a boost, keeping sentiment on the markets for cyclical commodities fundamentally positive, Commerzbank said in a Friday note.
* EM stocks and currencies flat. * S. Africa unemployment rate falls to 31.4% in Q4. * Romania's monetary policy decision due later. By Pranav Kashyap. Most emerging market stocks and currencies were little changed on Tuesday in a holiday-thinned week, with attention turning to Romania's interest-rate decision later in ?the day.
* DIHK forecasts 1% GDP growth in 2026. * Business climate index rises modestly. * Exports expectations offer some hope. By Maria Martinez. BERLIN, Feb 17 - Germany's economy is expected to grow by 1% ?this year, slightly more than previously forecast, but reforms need ?to be implemented to achieve a sustainable recovery, the German Chamber of Industry and Commerce said on Tuesday.
* Barclays sees dollar/yen fair value at 140, near-term target at 150. * Dollar on hold against euro before US data, Fed minutes. * Pound drops after data shows unemployment rate rising to five-year high. By Stefano Rebaudo and Rocky Swift.
The pound dropped on Tuesday after data showed Britain's unemployment rate rose to a five-year high in December while wage growth cooled, potentially adding to the case for further Bank of England ?rate cuts. The pound also fell against the ?euro, with the single currency up 0.34% at 87.27 pence.
RIGA, Latvia, Feb. 17, 2026 Mintos, a European multi-asset investment platform, has taken a major step in its long-term strategy by initiating the process to pursue a banking licence from the European Central Bank.
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.
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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