* ECB meets next Thursday. * Markets now pricing in 2026 rate hike. * Energy surge triggered by war in Middle East clouds outlook. By Yoruk Bahceli and Stefano Rebaudo. The European Central Bank meets next Thursday, with traders betting that surging oil prices could push it to hike interest rates as early as this year.
* Asian stocks set for consecutive weeks in the red. * Traders rapidly cut Fed rate cut wagers for the year. * Investors focus on oil prices, inflation risks. * Dollar stands tall, pushing yen to 20-month lows. By Ankur Banerjee.
Vietnam produced the largest trade surplus with the United States in January, overtaking both Mexico and China, latest official U.S. data shows, as its exports rose sharply while Chinese direct shipments to the United States fell.
PAR Technology Corporation (PAR) announced today that it priced a private offering of $250.0 million aggregate principal amount of 4.00% Convertible Senior Notes due 2031. The Notes will be general unsecured obligations of the Company.
BofA Global Research, which had expected the Bank of England to begin cutting rates in March, has now pushed its call to June, saying rising energy prices have revived inflation risks and clouded the policy outlook. The Wall Street brokerage, which had earlier pencilled in a cut in March and June, now expects quarter-point reductions in June and September this year.
* Iran's supreme leader vows to keep Strait of Hormuz closed. * Gold down about 1% so far this week. * US January PCE data due later in the day. By Noel John. Gold prices were on track for a second consecutive weekly drop, despite rising on Friday, as surging energy prices dimmed prospects for near-term U.S. interest rate cuts.
Aluminium eased on Friday as rising oil prices remained a focus and continued to fuel inflation concerns, although the metal was headed for weekly gains amid supply risks linked to the ongoing Middle East war. The most-active aluminium contract on the Shanghai Futures Exchange was down 0.26% at 25,250 yuan a metric ton as of 0250 GMT, but was on course for a near 3% weekly gain.
* Asian stocks join Wall Street in sharp drop. * Traders rapidly cut Fed rate cut wagers for the year. * Investors focus on oil prices, inflation risks. By Ankur Banerjee.
Gold prices climbed on Friday,
supported by a weaker dollar and declining U.S. Treasury yields,
while investors assessed the economic implications of an
escalating Middle East conflict.
President Donald Trump said on Thursday the U.S. was willing to escort ships through the Strait of Hormuz to protect them from Iranian attack, as his administration searches for ways to ease high oil prices fuelled by the U.S.-Israeli war on Iran.
Indivior Pharmaceuticals, Inc. (INDV) today announced the pricing of its offering of $450,000,000 aggregate principal amount of 0.625% convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Peru's central bank held its benchmark interest rate for the sixth straight time on Thursday, keeping it at 4.25% in line with analysts' expectations as inflation remains within the bank's target range.
Federal Home Loan Bank of Chicago convened a roundtable today with U.S. Rep. Tony Wied, community banks and credit unions, Wisconsin trade associations, and housing partners to discuss housing finance and economic development issues impacting communities across Wisconsin?s 8th Congressional District. This press release features multimedia.
As oil prices surged on Thursday amid an intensifying Iran war, U.S. President Donald Trump again demanded Federal Reserve Chair Jerome Powell cut interest rates. "He should be dropping Interest Rates, IMMEDIATELY," Trump said in a Truth Social post.
The Brazilian central bank will hold a spot dollar auction of up to $1 billion on March 13, and a simultaneous reverse FX swap auction, it said in separate statements on Thursday. Both deals start at 9:30 local time, the central bank said. A reverse currency swap, which in this case involves up to 20,000 contracts, is equivalent to buying U.S. dollars on the futures market.
Chemours (CC) said Thursday it has completed a private offering of $700 million of 7.875% senior unsecured notes due 2034. The company said net proceeds from the offering were used to fund the redemption of $188 million of its senior notes due 2028.
US equity indexes fell on Thursday as surging crude oil amid Iran's threat to keep the Strait of Hormuz shut fueled concern that inflation will pose a challenge to the Federal Reserve in cutting interest rates this year.
Redemption of Approximately $96 Million of ?5.50% Senior Notes due 2026 on March 30, 2026 Fourth Quarter and Full Year 2025 Financial Results to be Released by March 31, 2026 LOS ANGELES, March 12, 2026 /PRNewswire/ --?BRC Group Holdings, Inc. (RILY), today announced a series of transactions with a long-time institutional investor pursuant to Section 3 of the Securities Act of 1933, which will, upon ...
PAR Technology Corporation (PAR) announced today its intention to offer $225.0 million aggregate principal amount of Convertible Senior Notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, subject to market conditions and other factors.
PHH Mortgage, a subsidiary of Onity Group Inc. (ONIT) and a leading non-bank mortgage servicer and originator, today announced the Company achieved Fannie Mae?s 2025 Servicer Total Achievement and Rewards? Performer recognition in the General Servicing and Solution Delivery categories.
The March/April period is typically a softer period for the muni market, said Jeff Timlin, managing partner and head of municipal bond investing at Sage Advisory.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of Chubb Seguros de Vida Chile, S.A.. The outlook of these Credit Ratings is stable.
Financial stocks were lower late Thursday afternoon, with the NYSE Financial Index dropping 1.8% and the State Street Financial Select Sector SPDR ETF falling 1.4%. The Philadelphia Housing Index was down 2%, and the State Street Real Estate Select Sector SPDR ETF fell 0.6%. Bitcoin was up 0.1% at $70,252, and the yield for 10-year US Treasuries gained 6.5 basis points to 4.27%. In economic new...
Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index dropping 1.8% and the State Street Financial Select Sector SPDR ETF falling 1.4%. The Philadelphia Housing Index was down 2%, and the State Street Real Estate Select Sector SPDR ETF decreased 0.6%. Bitcoin was up 0.1% at $70,252, and the yield for 10-year US Treasuries gained 6.5 basis points to 4.27%....
* Iran attacks on energy supplies raise inflation concerns. * Fed funds futures traders reduce rate cut expectations. * Treasuries show little reaction to jobless claims data. By Karen Brettell.
The US trade deficit narrowed sharply in January as exports hit an all-time high and imports fell, delayed government data showed Thursday. The goods and services deficit shrank by 25% sequentially to $54.46 billion in January on a seasonally adjusted basis, the Census Bureau and the Bureau of Economic Analysis said.
Initial jobless claims decreased by 1,000 to 213,000 in the week ended March 7, lowering the four-week moving average by 4,000 to 212,000, a second straight decrease. Insured claims fell by 21,000 to 1.850 million in the week ended Feb. 28.
* Canadian dollar falls 0.3% against the greenback. * Touches weakest since Friday at 1.3634. * Trade deficit widens to C$3.65 billion in January. * 10-year yield touches an eight-month high at 3.519% By Fergal Smith.
US equity indexes dropped after midday Thursday as Iran's threat to keep the Strait of Hormuz shut lifted crude oil prices and fueled inflationary concerns. The Nasdaq Composite slumped 1.4% to 22,395.2, with the S&P 500 down 1.1% to 6,697.5 and the Dow Jones Industrial Average lower by 1.3% to 46,825.5. Energy and utilities led the gainers intraday.
* Iran's supreme leader vows to keep Strait of Hormuz closed. * Chile central bank issues first gold purchase in decades. * BMI expects silver to average $93/oz in 2026. By Ashitha Shivaprasad. Gold prices fell more than 1% on Thursday, pressured by a stronger dollar and diminishing hopes for a reduction in borrowing costs as the ongoing Iran war stoked inflation concerns.
Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index dropping 1.6% and the State Street Financial Select Sector SPDR ETF falling 1.5%. The Philadelphia Housing Index was down 2%, and the State Street Real Estate Select Sector SPDR ETF decreased 0.4%. Bitcoin was up 0.4% at $70,482, and the yield for 10-year US Treasuries gained 3.3 basis points to 4.24%. In e...
Market Intelligence analyst Jeff Lipton assigns a stable yet guarded view to airport bonds, highlighting how gateways and large hubs can outperform as fuel costs, travel demand and geopolitical risk evolve ? while investors sharpen focus on leverage, rate recovery and cyber defenses.
* FTSE 100 down 0.4%, FTSE 250 down 0.9% * RICS survey shows UK housing market slowdown. * Bank of England seen holding rates in March. * HSBC (HSBC) closed all Qatar branches amid Middle East war. By Tharuniyaa Lakshmi.
US housing starts increased in January to the highest level in 11 months, driven by as a surge in multi-family projects, delayed government data showed Thursday. Housing starts rose 7.2% sequentially to a seasonally adjusted annual rate of 1.49 million units, the highest level since February 2025, according to the Census Bureau and the Department of Housing and Urban Development.
Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index dropping 1.6% and the State Street Financial Select Sector SPDR ETF falling 1.5%. The Philadelphia Housing Index was down 2%, and the State Street Real Estate Select Sector SPDR ETF decreased 0.4%. Bitcoin was up 0.4% at $70,482, and the yield for 10-year US Treasuries gained 3.3 basis points to 4.24%. In c...
US equity indexes slumped in midday trading on Thursday after Iran threatened to use the war in the Middle East to jack up crude oil prices. The Nasdaq Composite slumped 1.4% to 22,409.1, with the S&P 500 down 1% to 6,706.2 and the Dow Jones Industrial Average lower by 1% to 46,933.7. Energy and utilities led the gainers intraday.
Canada's merchandise trade deficit expanded much more than economists expected in January and it was the widest in five months, said National Bank of Canada. This surprise was largely due to temporary disruptions in the automotive industry, which led to the largest decline in nominal exports since April 2025, noted the bank.
Turkey's central bank Thursday said its Monetary Policy Committee decided to keep the policy rate, the one-week repo auction rate, at 37.0%, as expected. Before the policy statement, Societe Generale said expectations were for CBT to hold rates. The MPC also maintained the Central Bank overnight lending rate and the overnight borrowing rate at 40.0% and 35.5%, respectively.
Salesforce Inc?s shares are trading higher Thursday after the company priced an underwritten public offering of $25 billion in senior notes. Net proceeds will go toward repurchasing common stock. Momentum is also building around ?Agentforce.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.11%. ?The 30-year fixed-rate mortgage returned to last month?s level of 6.11%,? said Sam Khater, Freddie Mac?s Chief Economist.
Canada's merchandise trade deficit widened to $3.6 billion in January from $1.3 billion in December, said Bank of Montreal after Thursday's data. Exports dropped 4.7% month over month, with weakness across the board. Metal and non-metallic mineral products fell 8.0% month over month on lower gold shipments to the United Kingdom, while transport equipment declined after a strong 2025.
Canada's merchandise trade deficit widened to $3.6 billion in January from $1.3 billion in December, as exports and imports fell by 4.7% month over month and 1.1% month over month, respectively, said RBC. Monthly trade flows continue to show considerable volatility tied to swings in precious metals shipments and non-tariff related disruptions to motor-vehicle trade, noted the bank.
* Revised Basel rules lower large bank capital requirements slightly. * Bowman argues excessive capital requirements harm credit provision. * Critics warn plan will weaken financial system as risks rise. * Morgan Stanley notes $175 billion excess capital in large banks. * Banks' capital may revert to 2019 levels if changes adopted. By Pete Schroeder.
AM Best has downgraded the Financial Strength Rating to A- from A and the Long-Term Issuer Credit Rating to ?a-? from ?a? of Energas Insurance Limited. The ratings reflect ENERGAS? balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
* Weekly jobless claims fall 1,000 to 213,000. * Continuing claims decrease 21,000 to 1.850 million. * Single-family housing starts drop 2.8% in January; building permits fall 0.9% By Lucia Mutikani.
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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