Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index falling 2.1% and the State Street Financial Select Sector SPDR ETF down 0.2%. The Philadelphia Housing Index eased 0.1%, and the State Street Real Estate Select Sector SPDR ETF added 0.5%. Bitcoin was increasing 4.6% to $69,014, and the yield for 10-year US Treasuries was slightly higher at 4.136%. In co...
Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index shedding 1.5% and the State Street Financial Select Sector SPDR ETF falling 1.9%. The Philadelphia Housing Index was down 2.6%, and the State Street Real Estate Select Sector SPDR ETF retreated 1.1%. Bitcoin was increasing 4.3% to $68,808, and the yield for 10-year US Treasuries was slightly lower at 4.13%. I...
Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index down 1.5% and the State Street Financial Select Sector SPDR ETF falling 1.9%. The Philadelphia Housing Index was down 2.6%, and the State Street Real Estate Select Sector SPDR ETF was shedding 1.1%. Bitcoin was increasing 4.3% to $68,808, and the yield for 10-year US Treasuries was slightly lower at 4.13%. In...
The Federal Reserve may deliver "fewer" interest rate cuts this year amid fears that the ongoing Middle East conflict could drive inflation higher, Wells Fargo Investment Institute said in a report on Monday. The US-Israel war against Iran entered its 10th day, with no signs of de-escalation.
Peru's central bank has been on hold at a reference rate of 4.25% since last August, said Scotiabank. It is likely to extend the hold at Thursday's policy meeting, noted the bank. It may sound more cautious toward prospects for any further easing in a bit of a hawkish tilt, stated Scotiabank. MT Newswires does not provide investment advice.
UBS said Monday it changed its Bank of England policy call and no longer expects the BoE to cut the Bank Rate at the next meeting on March 19. In light of the recent escalation in the Middle East and a spike in energy prices, the bank thinks the BoE's Monetary Policy Committee will prefer to wait for more clarity and stay on hold.
Consumer expectations for one-year US inflation growth slowed to a 3% gain in February from a 3.1% gain in the previous month, according to a survey released by the New York Federal Reserve Bank on Monday. The median inflation expectations were unchanged from a 3.0% gain for the three-year period and for five years ahead.
Canada will publish its international merchandise trade data for Janaury on Thursday, said RBC. Canada's January merchandise trade balance is expected to show exports and imports slowed following stronger readings late last year, noted the bank. Energy prices surged in January, which likely drove much of the movement in the trade balance, given Canada's role as a major energy exporter, stated RBC.
Pakistan's central bank Mondays said its Monetary Policy Committee decided to keep the policy rate unchanged at 10.5%. "While the incoming data was largely consistent with the macroeconomic projections shared after the January meeting, the Committee observed that the macroeconomic outlook has become quite uncertain following outbreak of the war in the Middle East," wrote the central bank in its...
Canada will release the Labour Force Survey for February on Friday, said CIBC. Employment may recover the ground lost in January, with that prior month's report treated with some skepticism due to the potential impact of large snowfall in Ontario during the survey week, noted the bank. CIBC estimates jobs to rise by 25,000 in February.
The US dollar rose against its major trading partners early Monday, except for a decline versus the Canadian dollar, with the focus this week on existing home sales and consumer price data for February and a revision to Q4 gross domestic product growth. Federal Reserve officials are in their 'quiet period' ahead of the Federal Open Market Committee meeting on March 17-18.
Duke Energy (DUK) said Monday it intends to issue $1 billion of convertible senior notes maturing in 2029 via a private placement. The transaction grants initial buyers a 13-day option to purchase up to an additional $150 million of the securities, the company said.
US equity investors will remain glued to the war in the Middle East, while keeping an eye on inflation data and earnings from technology heavyweights. * West Texas Intermediate crude oil futures jumped to as much as $119.48 a barrel, a 52-week high, early Monday, according to data compiled by CNBC. * The CBOE Volatility Index climbed 6% to 31.39 pre-bell.
* US equity indexes fell this week as oil prices continued to rise due to energy disruption fears and surprise February jobs data. * The S&P 500 closed at 6,740.02 on Friday versus 6,878.88 a week ago.
Restaurant Brands International after trade Friday said New York Stock and Bond has made an unsolicited mini-tender offer to buy up to 100,000 shares, or about 0.03% of the company's shares, at US$43.60 per share. The offer price is about 34.9% below the US$66.99 closing price on Jan. 30, the company said, warning shareholders that the offer is "significantly" below the market price.
Restaurant Brands International said Friday that it is recommending that its shareholders reject New York Stock and Bond's unsolicited mini-tender offer. Restaurant Brands said it has been informed of a mini-tender offer made by New York Stock and Bond to buy up to 100,000 of its shares, or about 0.03% of its outstanding shares, at $43.60 per share.
The Federal Reserve should hold its monetary policy steady for "some time" as it seeks evidence that inflation is cooling, Cleveland Fed President Beth Hammack and her Boston Fed counterpart, Susan Collins, said Friday. In January, the central bank's Federal Open Market Committee left its benchmark lending rate unchanged, citing stabilization in the labor market and elevated inflation.
Financial stocks were lower in late Friday trading, with the NYSE Financial Index dropping 1.5% and the State Street Financial Select Sector SPDR ETF falling 1.4%. The Philadelphia Housing Index was down 2.1%, and the State Street Real Estate Select Sector SPDR ETF shed 1%. Bitcoin was falling 4.2% to $67,932, and the yield for 10-year US Treasuries decreased 1.3 basis points to 4.13%. In econo...
Financial stocks were lower in late Friday afternoon trading, with the NYSE Financial Index dropping 1.5% and the State Street Financial Select Sector SPDR ETF falling 1.4%. The Philadelphia Housing Index was declining 2.1%, and the State Street Real Estate Select Sector SPDR ETF shed 1%. Bitcoin was falling 4.2% to $67,932, and the yield for 10-year US Treasuries decreased 1.3 basis points to ...
As the FOMC enters its quiet period ahead of the March 17-18 meeting, the weak February employment report, which showed payrolls declines in the two of the last three months and an increase in the unemployment rate, only served to further divide members' views on the path of monetary policy.
The February employment report was weak amidst strikes and harsh winter weather, with payrolls down, the unemployment rate higher, and hourly earnings growth in line with the previous month. Nonfarm payrolls fell by 92,000 in February after a 126,000 gain in January and a 17,000 drop in December, both revised lower from their previous estimates.
Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index dropping 1.9% and the State Street Financial Select Sector SPDR ETF falling 1.7%. The Philadelphia Housing Index was declining 2%, and the State Street Real Estate Select Sector SPDR ETF shed 1.1%. Bitcoin was falling 3.5% to $68,362, and the yield for 10-year US Treasuries decreased 3.1 basis points to 4.12%...
Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index dropping 1.9% and the State Street Financial Select Sector SPDR ETF falling 1.7%. The Philadelphia Housing Index was declining 2%, and the State Street Real Estate Select Sector SPDR ETF shed 1.1%. Bitcoin was falling 3.5% to $68,362, and the yield for 10-year US Treasuries decreased 3.1 basis points to 4.12%...
US retail sales fell less than expected in January as extreme weather conditions impacted spending on motor vehicles and gasoline, delayed government data showed Friday. Sales were down 0.2% sequentially in January, following a flat reading the previous month, the Census Bureau said. The report was delayed due to the recent lapse in federal government funding, according to the Census Bureau.
US employment unexpectedly declined in February and the jobless rate ticked higher, possibly bringing labor market conditions back in focus at a time when the US-Iran war threatens to fuel inflation. Nonfarm payrolls fell by 92,000 last month -- the biggest drop since October -- following a downwardly revised gain of 126,000 in January, the Bureau of Labor Statistics said Friday.
US retail sales fell by 0.2% in January, a smaller than the 0.3% decrease expected in a survey compiled by Bloomberg after it held steady in the previous month. Excluding a 0.9% decrease in motor vehicle sales, retail sales held steady compared with an expected flat reading.
The February employment report showed nonfarm payrolls fell by 92,000, well below the 55,000 jobs increase expected in a survey compiled by Bloomberg, while January payrolls were revised down to a 126,000 increase and December payrolls were revised down to a 17,000 decrease for a net downward revision of 69,000 jobs.
US equity futures were lower pre-bell Friday as traders looked ahead to the crucial monthly jobs report. Dow Jones Industrial Average futures were down 0.7%, S&P 500 futures were 0.7% lower, and Nasdaq futures were down 0.9%. The conflict between the US, Israel, and Iran entered its seventh day on Friday, with Tehran effectively shutting down the Strait of Hormuz, a key global shipping chokepoint.
The benchmark US stock measures were down before the open Friday while oil prices continued to rise as investors monitor the ongoing conflict in the Middle East and await key employment data for February. The S&P 500 decreased 0.3%, the Dow Jones Industrial Average declined 0.2% and the Nasdaq was off 0.4% in premarket activity.
Kazakhstan's central bank held the base rate steady at 18.00% on Friday, signaling patience despite slowing inflation, said ING. Domestic utility tariffs, fiscal and external risks call for an extended period of tight policy, wrote the bank in a note. ING expects year-end inflation to ease to around 10% year over year.
Baker Hughes (BKR) said Thursday it has priced a $6.5 billion debt offering made up of five tranches of senior unsecured notes and a 3 billion euro debt offering that includes four tranches of senior unsecured notes.
Waste Connections (WCN) said late Thursday it priced an underwritten public offering of $600 million of its 4.800% senior notes due 2036. The notes were priced at 99.732% of their face value, according to the company. Waste Connections (WCN) anticipates to raise about $593 million in net proceeds from the offering, which is expected to close on March 16.
US equity indexes fell while government bond yields jumped on Thursday as the Middle East war escalated, sending crude oil to its highest since mid-2024. The Dow Jones Industrial Average slumped 1.6% to 47,954.74, the Nasdaq Composite slid 0.3% to 22,748.99, and the S&P 500 declined 0.6% to 6,830.71 at the close.
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 shedding 0.6%. The Philadelphia Housing Index was dropping 2.5%, and the State Street Real Estate Select Sector SPDR ETF was down 1%. Bitcoin was declining 2.1% to $71,169, and the yield for 10-year US Treasuries rose 6.6 basis poi...
US equity indexes fell ahead of Thursday's close as the war in Iran sent crude oil prices surging and government bond yields jumped. The Nasdaq Composite fell 0.4% to 22,661.1, with the Dow Jones Industrial Average down 0.8% to 47,895.2 and the S&P 500 lower by 0.8% to 6,814.9. West Texas Intermediate crude oil futures soared 6.5% to $79.48 a barrel.
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 shedding 0.6%. The Philadelphia Housing Index was dropping 2.5%, and the State Street Real Estate Select Sector SPDR ETF was down 1%. Bitcoin was declining 2.1% to $71,169, and the yield for 10-year US Treasuries rose 6.6 basis poi...
US nonfarm payrolls are expected to rise by only 55,000 in February after a 130,000-jobs gain in January, based on a survey compiled by Bloomberg, while the unemployment rate is expected to remain at 4.3% after falling to that point in January. The February employment report is due to be released at 8:30 am ET Friday.
Financial stocks were decreasing in Thursday afternoon trading, with the NYSE Financial Index falling 1.3% and the State Street Financial Select Sector SPDR ETF shedding 0.6%. The Philadelphia Housing Index was dropping 2.4%, and the State Street Real Estate Select Sector SPDR ETF was down 1.3%. Bitcoin was declining 3.2% to $70,915, and the yield for 10-year US Treasuries was rising 5.4 basis ...
US equity indexes declined in midday trading on Thursday as an escalating war in the Middle East sent crude oil prices and government bond yields sharply higher.
Financial stocks were decreasing in Thursday afternoon trading, with the NYSE Financial Index falling 1.2% and the State Street Financial Select Sector SPDR ETF shedding 0.7%. The Philadelphia Housing Index was dropping 2.5%, and the State Street Real Estate Select Sector SPDR ETF was down 1.5%. Bitcoin was declining 2.6% to $70,809, and the yield for 10-year US Treasuries was rising 6.2 basis ...
There were few surprises at Thursday's National People's Congress in China, said Societe Generale. China's 2026 policy stance marks a shift toward flexibility and sustainability, with a 4.5%-5% gross domestic product target replacing the long-standing "around 5%," in line with the bank's expectations.
Malawi's central bank Thursday said its Monetary Policy Committee decided to reduce the Policy Rate by 200 basis points to 24.0%. The MPC's decision comes "after observing a gradual decline in inflation," wrote the central bank in its policy statement.
The Federal Reserve said Thursday it has terminated its 2018 enforcement action against Wells Fargo (WFC) after determining that the bank had met all of the required conditions. Wells Fargo (WFC) confirmed in a statement that the Fed Board of Governors ended the 2018 consent order, which was tied to "governance oversight and compliance and operational risk management."
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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