Financial stocks declined in late Friday afternoon trading, with the NYSE Financial Index dropping 2% and the State Street Financial Select Sector SPDR ETF falling 2.1%. The Philadelphia Housing Index was climbing 0.8%, and the State Street Real Estate Select Sector SPDR ETF was up 0.3%. Bitcoin was falling 2.8% to $65,649, and the yield for 10-year US Treasuries was dropping 5.5 basis points t...
Financial stocks declined in Friday afternoon trading, with the NYSE Financial Index dropping 2.1% and the State Street Financial Select Sector SPDR ETF falling 2.5%. The Philadelphia Housing Index was climbing 1%, and the State Street Real Estate Select Sector SPDR ETF was up 0.6%. Bitcoin was falling 2.6% to $65,473, and the yield for 10-year US Treasuries was dropping to around 3.97%. In eco...
Financial stocks were decreasing in Friday afternoon trading, with the NYSE Financial Index dropping 2.1% and the State Street Financial Select Sector SPDR ETF falling 2.5%. The Philadelphia Housing Index was climbing 1%, and the State Street Real Estate Select Sector SPDR ETF was up 0.9%. Bitcoin was falling 2.8% to $65,598, and the yield for 10-year US Treasuries was dropping 3.7 basis points...
All three major US stock indexes were down in late-morning trading Friday, with the Dow Jones Industrial Average down over 1%, as stocks fell after the release of a hotter-than-expected producer price index earlier in the day. The US Producer Price Index rose by 0.5% in January, well above the 0.3% gain expected in a survey compiled by Bloomberg and up from the 0.4% rise in December.
The European stock markets were mostly higher in Friday trading as The Stoxx Europe gained 0.2%, Germany's DAX was up 0.1%, the FTSE 100 rose 0.7%, France's CAC was off 0.5%, and the Swiss Market Index increased 0.7%. In France, GDP decelerated in Q4, expanding 0.2% after growing 0.5% in Q3, according to the Institute of Statistics and Economic Studies, or INSEE.
US producer prices rose at the fastest pace in four months in January as growth in the services index hit the highest since July, government data showed Friday. The producer price index increased 0.5% on a seasonally adjusted basis, accelerating from a 0.4% rise in December and representing the biggest gain since September, the Bureau of Labor Statistics said.
US construction spending rose by 0.3% in December, compared with a 0.2% increase expected in a survey compiled by Bloomberg and following a 0.2% decrease in November.
The Canadian economy contracted modestly in Q4, although it ended the quarter on a slightly better footing than originally estimated, said CIBC after Friday's gross domestic product data release.
Fairfax Financial Holdings Friday said its has completed its $650 million senior notes offering. The company completed an offering of $400 million of 4.40% notes due 2036 and an additional $250 million of 5.10% notes due 2055. Proceeds will be used to pay down debt or to pursue potential acquisition or investment opportunities. MT Newswires does not provide investment advice.
Canadian real gross domestic product rose 0.2% month over month in December, driven by increases in both services-producing and goods-producing industries, said the country's statistical agency on Friday. December's GDP growth beat a 0.2% month-over-month consensus contraction provided by Scotiabank.
The US Producer Price Index rose by 0.5% in January following a 0.4% increase in December, well above a 0.3% gain expected in a survey compiled by Bloomberg. Energy prices fell by 2.7% in the month, while food prices declined by 1.5%. After excluding food and energy prices, core PPI rose by 0.8%, well above the 0.3% gain expected and following a 0.6% gain in the previous month.
Canada gets a trio of gross domestic product readings at 8:30 a.m. ET on Friday, said Scotiabank. Key will be how it relates to the Bank of Canada's expectations for 0% Q4 growth and a 1.8% rebound in Q1, noted Scotiabank.
Investors will receive Canada's Q4 and December gross domestic product data on Friday and they should confirm that the local economy, at best, is flattening out, said Rosenberg Research. At the same time, the Bay Street view that everything is "okay"with the Canadian economy and surely nothing for the Bank of Canada to get too excited about, noted Rosenberg Research.
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.
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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