The US dollar was mixed against its major trading partners early Friday -- up versus the euro and pound, down versus the yen and Canadian dollar -- ahead of the release of producer price index data for January at 8:30 am ET, the Chicago purchasing managers' index for February at 9:45 am ET and construction spending for December at 10:00 am ET.
Zimbabwe's central bank Friday said its Monetary Policy Committee decided to keep its Bank Policy Rate at 35.0%. "The tight monetary policy stance adopted by the Reserve Bank since September 2024 has engendered a progressive disinflation trajectory and delivered a singledigit inflation starting in January 2026," wrote the central bank in its policy statement.
NextEra Energy (NEE/PU) said late Thursday it priced its public offering of $2 billion in equity units, expected to close on Tuesday. Each equity unit, to be issued at $50, will consist of a contract to purchase NextEra Energy (NEE/PU) common stock, as well as undivided beneficial interests in two series of debentures, each with a $1,000 principal amount, issued by NextEra Energy Capital (NEE/PU), the company said.
The province of Alberta in Canada is budgeting for a larger deficit in the upcoming fiscal year, with a $9.4 billion shortfall, or 1.9% gross domestic product, up from a revised $4.1 billion, 0.8% GDP, estimate for the outgoing year, said CIBC.
Sunoco (SUN) said late Thursday it priced a $1.2 billion private offering of its senior notes at 100%, upsized from a previously planned $1 billion. The upsized offering comprises $600 million of 5.375% notes due 2031 and $600 million of 5.625% notes due 2034. The company expects the offering to close March 9 and plans to use the net proceeds to redeem certain notes, among other things.
Ameren (AEE) said late Thursday it priced a $400 million public offering of 5% senior notes due 2036 at 99.802% of principal amount. The company expects the offering to close Wednesday and plans to use the net proceeds for general corporate purposes. MT Newswires does not provide investment advice.
Financial stocks were advancing in late Thursday afternoon trading, with the NYSE Financial Index up 0.9% and the State Street Financial Select Sector SPDR ETF ahead 1.2%. The Philadelphia Housing Index was adding 0.7%, and the State Street Real Estate Select Sector SPDR ETF was rising 0.5%. Bitcoin was declining 0.4% to $67,734.9, and the yield for 10-year US Treasuries was decreasing 3.2 basi...
Financial stocks were advancing in late Thursday afternoon trading, with the NYSE Financial Index up 0.9% and the State Street Financial Select Sector SPDR ETF ahead 1.2%. The Philadelphia Housing Index was adding 0.7%, and the State Street Real Estate Select Sector SPDR ETF was rising 0.5%. Bitcoin was declining 0.4% to $67,734.9, and the yield for 10-year US Treasuries was decreasing 3.2 basi...
Weekly applications for unemployment insurance in the US rose less than estimated, while continuing claims decreased, government data showed Thursday. For the week through Feb. 21, the seasonally adjusted number of initial claims increased by 4,000 to 212,000 from the previous week's average that was adjusted upwards by 2,000, the Department of Labor said.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. We increase our 12-month target price by CAD25 to CAD305, 17.4x our FY 27 EPS view of CAD17.55, a wider risk premium than the peer average of 12.7x given its scale and superior earnings profile. MT Newswires does not provide investment advice.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. We increase our 12-month target price by USD23 to USD223, 17.4x our FY 27 EPS view of CAD17.55, a wider risk premium than the peer average of 12.7x given its scale and superior earnings profile. MT Newswires does not provide investment advice.
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index up 0.6% and the State Street Financial Select Sector SPDR ETF ahead 1%. The Philadelphia Housing Index was adding 0.2%, and the State Street Real Estate Select Sector SPDR ETF was ahead 0.4%. Bitcoin was declining 3.2% to $67,196, and the yield for 10-year US Treasuries was decreasing 2.1 basis points t...
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index up 0.2% and the State Street Financial Select Sector SPDR ETF ahead 0.5%. The Philadelphia Housing Index was shedding 0.3%, and the State Street Real Estate Select Sector SPDR ETF was adding 0.2%. Bitcoin was declining 1.8% to $66,767, and the yield for 10-year US Treasuries was decreasing 2.5 basis poi...
The Kansas City Federal Reserve's manufacturing index rose to 5 in February from 0 in the previous two months. The ISM's national manufacturing reading will be released on March 2. Initial jobless claims increased by 4,000 to 212,000 in the week ended Feb. 21, lifting the four-week moving average by 750 to 220,250.
The European stock markets were set to close mixed in Thursday trading as The Stoxx Europe was unchanged, Germany's DAX rose 0.4%, the FTSE 100 was up 0.4%, France's CAC gained 0.7%, and the Swiss Market Index was down 0.5%. The Economic Sentiment Indicator for February decreased in both the EU and the euro area, falling 1 point to 98.3 for each, according to the European Commission.
Alberta will release its 2026-27 budget at around 5:15 p.m. ET on Thursday, said Scotiabank. While the province recorded a sizeable surplus of $8.3 billion, or 1.8% of gross domestic product, in 2024-25, lower oil prices and higher spending on health and education have pushed the province into the red this year, noted the bank.
The Kansas City Fed monthly manufacturing index rose to a reading of 5 in February from 0 in January, higher than expectations for an increase to 2 in a survey compiled by Bloomberg. The increase follows expansion in readings for the other regional manufacturing data released so far.
Chemours (CC) said Thursday it plans to offer $600 million of senior unsecured notes due 2034. Net proceeds will be used to redeem its 5.375% senior notes due 2027 and a portion of its 5.750% senior notes due 2028, it said. Shares were down over 2% in recent trading. Price: 17.49, Change: -0.53, Percent Change: -2.94. MT Newswires does not provide investment advice.
Matador Resources (MTDR) said Thursday it plans to offer $750 million of senior unsecured notes due 2034 in a private placement. Separately, the company said it has commenced a cash tender offer to purchase any and all of its $500 million outstanding 6.875% senior notes due 2028.
Botswana's central bank Thursday said its Monetary Policy Committee decided to maintain the Monetary policy Rate at 3.50%. "The economy is expected to continue to operate below full capacity in the short-to-medium term, therefore subdued demand-driven inflationary pressures," wrote the central bank in its policy statement."
Bank of Montreal on Thursday said an improving current account deficit over recent quarters reflects a recovery from peak trade uncertainty in Q2, while a return to net foreign direct investment inflows is welcome. BMO noted Canada's current account deficit narrowed to $700 million, $2.8 billion a.r., in Q4, following a shortfall of $5.3 billion, or $21.1 billion a.r., in Q3.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Royal Bank of Canada (RY) beat Q1 FY 26 earnings with operating EPS of CAD4.08 vs. MT Newswires does not provide investment advice.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Royal Bank of Canada (RY) beat Q1 FY 26 earnings with operating EPS of CAD4.08 vs. MT Newswires does not provide investment advice.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Royal Bank of Canada (RY) beat Q1 FY 26 earnings with operating EPS of CAD4.08 vs. MT Newswires does not provide investment advice.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Royal Bank of Canada (RY) beat Q1 FY 26 earnings with operating EPS of CAD4.08 vs. MT Newswires does not provide investment advice.
US stocks looked set to open little changed Thursday as investors digested major earnings reports as well as the latest initial jobless claims report. Dow Jones Industrial Average futures were down 0.2%, S&P 500 futures were off 0.1%, and Nasdaq futures were marginally lower.
Canada's current account deficit on a seasonally adjusted basis narrowed by $4.6 billion to $0.7 billion in Q4 2025, said the country's statistical agency on Thursday. Q4 marked the 14th consecutive quarter in which the current account balance was in a deficit position, noted Statistics Canada in a statement.
US initial jobless claims rose to a level of 212,000 in the week ended Feb. 21 from an upwardly revised 208,000 level in the previous week, compared with expectations for a larger increase to 216,000 in survey of analysts compiled by Bloomberg. The four-week moving average rose by 750 to 220,250 after decreasing by 500 to a level of 219,500 in the previous week.
TD Securities raised its price target on National Bank of Canada (NTIOF) to $182 from $175 on Thursday. Analyst Mario Mendonca maintained a Hold rating on shares of the Canadian bank following its quarterly results on Wednesday. "NA beat our estimate on strong trading revenue & lower PCLs," Mendonca said in a note to clients.
Canada will release the current account deficit for Q4 at 8:30 a.m. ET, said Bank of Montreal. The bank looks for the Q4 current account deficit to narrow to $3.8 billion, or $15.0 billion a.r., in Q4. Meantime, the smaller services account is expected to deteriorate on a recovery in imports of travel services.
The US dollar rose against its major trading partners early Thursday, except for a decline versus the yen, ahead of the release of weekly jobless claims data at 8:30 am ET. Federal Reserve Vice Chair for Supervision Michelle Bowman is due to speak at 10:00 am ET, followed by weekly natural gas stocks inventory data at 10:30 am ET.
Sterling has strengthened at the start of this week, resulting in EUR/GBP falling back towards the 0.8700 level, after hitting a high last week of 0.8752, noted MUFG.
Royal Bank of Canada (RY) reported fiscal Q1 adjusted earnings Thursday of 4.08 Canadian dollars per diluted share, up from CA$3.62 a year earlier. Analysts polled by FactSet expected CA$3.85. Revenue for the quarter ended Jan. 31 was CA$17.96 billion, compared with CA$16.74 billion a year earlier. Analysts surveyed by FactSet expected CA$17.52 billion. MT Newswires does not provide investment advice.
Gaming and Leisure Properties (GLPI) said late Wednesday it priced an $800 million public offering of 5.625% senior unsecured notes due March 1, 2036, at 99.857% of par value. The company expects the offering to close March 4 and plans to use the net proceeds to repay borrowings outstanding under its operating partnership's term loan credit facility, among other things.
Targa Resources (TRGP) said Wednesday it priced an underwritten public offering of $750 million total principal amount of its 4.350% senior notes due 2031 and $750 million total principal amount of its 6.050% senior notes due 2056. The company intends to close the offering on Monday, the midstream services provider said, adding that it plans to use the net proceeds for general corporate purposes.
Ryman Hospitality Properties (RHP) said late Wednesday its RHP Hotel Properties and RHP Finance units priced a $700 million private placement of 5.75% senior unsecured notes due 2034, for about $687 million in expected net proceeds.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. We increase our 12-month target price by CAD35 to CAD250, which is 17.9x our FY 27 EPS view, a premium to its five-year forward P/E of 10.7x given expected efficiency gains and improving revenue diversity. MT Newswires does not provide investment advice.
Financial stocks gained in late Wednesday afternoon trading with the NYSE Financial Index rising 1.4% and the State Street Financial Select Sector SPDR ETF advancing 1.7%. The Philadelphia Housing Index fell 2.9%, and the State Street Real Estate Select Sector SPDR ETF shed 0.7%. Bitcoin jumped 7.2% to $69,136, and the yield for 10-year US Treasuries rose 1.5 basis points to 4.05%. In economic ...
Financial stocks gained in late Wednesday afternoon trading, with the NYSE Financial Index rising 1.3% and the State Street Financial Select Sector SPDR ETF ahead 1.6%. The Philadelphia Housing Index was falling 2.9%, and the State Street Real Estate Select Sector SPDR ETF was shedding 0.7%. Bitcoin was climbing 7.2% to $69,136, and the yield for 10-year US Treasuries rose 1.5 basis points to n...
Financial stocks gained in Wednesday afternoon trading, with the NYSE Financial Index rising 1.3% and the State Street Financial Select Sector SPDR ETF ahead 1.6%. The Philadelphia Housing Index was falling 3.1%, and the State Street Real Estate Select Sector SPDR ETF was shedding 0.6%. Bitcoin was climbing 7% to $68,526, and the yield for 10-year US Treasuries was slightly higher at 4.04%. In ...
Financial stocks gained in Wednesday afternoon trading, with the NYSE Financial Index rising 1.3% and the State Street Financial Select Sector SPDR ETF ahead 1.6%. The Philadelphia Housing Index was falling 3.1%, and the State Street Real Estate Select Sector SPDR ETF was shedding 0.6%. Bitcoin was climbing 7% to $68,526, and the yield for 10-year US Treasuries was slightly higher at 4.04%. In ...
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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