* Supply disruption distorted headline PMI readings. * Factories faced soaring costs in March. * Demand remained tepid. By Jonathan Cable and Leika Kihara. Factories across the world faced soaring input costs and supply chain disruptions in March due to the Iran war as underlying tepid demand threatened to undermine the manufacturing sector's fragile recovery, surveys showed.
Dollarama (DLMAF) late on Tuesday said it has priced an offering of C$750 million of fixed rate senior unsecured notes to be issued in two series. The offering is composed of $375 million of 3.940% senior unsecured notes due July 25, 2031, and $375 million of 4.576% senior unsecured notes due April 2, 2036.
The interest rate on the most popular U.S. home loan jumped last week to its highest level since August, as rising oil prices fueled inflation fears and drove up yields on the Treasury bonds that lenders widely use as benchmarks for setting mortgage rates.
The interest rate on the most popular U.S. home loan jumped last week to the highest since August, as rising oil prices from the U.S. and Israeli war on Iran fueled inflation fears and drove up yields on the Treasury bonds that lenders widely use as benchmarks for setting mortgage rates.
* Gold rises over 1% to highest since March 19. * US Dollar at 1-week low, 10-yr Treasury yields near two-week low. * Trump says deal with Iran not necessary for conflict to wind down. By Ishaan Arora.
New vehicle sales in the U.S. are expected to fall in the first quarter of 2026, as economic uncertainty, high borrowing costs and vehicle prices keep buyers on the sidelines.
Europe could face recession if the Iran conflict drags on and oil prices jump over $150 per barrel, European Central Bank policymaker Yannis Stournaras told Greek radio on Wednesday. "Right now, nobody says we'll have a recession.
Greece's jobless rate stood at 8.5% in February, up from an upwardly revised 7.9% in January, data from statistics service ELSTAT showed on Wednesday. Seasonally adjusted data showed 410,506 people were officially unemployed. Unemployment impacted women more than men, at the rates of 11.3% and 6.2%, respectively.
Copper rose to two-week highs on Wednesday, supported by optimism that the end of the Iran war could be near, easing concerns over global growth and inflation, while a weaker U.S. dollar added support. The most-active copper contract on the Shanghai Futures Exchange gained 1.54% to 97,030 yuan a ton, following a rise to 97,250 yuan - the highest since March 19.
Euro zone manufacturing growth bounced to its strongest in nearly four years in March as supply chain disruptions inflated growth figures although underlying demand remained tepid and soaring input costs due to the Iran war threatened to undermine the sector's fragile recovery, a survey showed.
Germany's manufacturing sector expanded in March at its fastest pace since May 2022 as output and new orders grew despite supply disruptions tied to the Iran war, a survey showed on Wednesday.
* Trump says US could end Iran war within two to three weeks. * Trump to address nation on Iran at 9 pm EDT on Wednesday. * Gold rises to its highest level since March 20. * Dollar drops 0.4% on Iran de-escalation hopes. By Noel John.
* Trump says US could end Iran war within two to three weeks. * Trump to address nation on Iran at 9 pm EDT on Wednesday. * Gold rises to its highest level since March 20. * Dollar drops on Iran de-escalation hopes. By Noel John.
* RatingDog manufacturing PMI 50.8 in March vs 52.1 in February. * Input, output price inflation hit highest in four years. * Expansion in new export orders slow. China's manufacturing sector expanded in March for a fourth straight month as output and new orders continued to grow, but rising price pressures sharply intensified, a private-sector survey showed on Wednesday.
Gold prices rose on Wednesday to
their highest in nearly two weeks, supported by a weaker dollar
as U.S. President Donald Trump said the war with Iran could wind
down within weeks.
Global stocks rallied and oil futures retreated on Wednesday on hopes of a de-escalation in the Iran war. The U.S. dollar softened against a basket of other currencies, while U.S. Treasury yields rose from their lows after a pair of reports underscored resilience in the U.S. economy.
Japan's factory activity expanded at a slower pace in March as growth in output, orders and manufacturers' confidence cooled and cost pressures hit a 19-month high due to the Middle East conflict, a private-sector survey showed on Wednesday.
* Canadian dollar falls 0.2% against the greenback. * Touches its weakest since December 4 at 1.3966. * GDP rises 0.1% in January. * Bond yields ease across steeper curve. By Fergal Smith.
Wall Street closed a tumultuous first quarter with a bang on Tuesday as hopes of de-escalation in the Middle East powered stocks to their best day in almost a year, even as data showed a slump in U.S. job openings and hirings. In my column today I look at the parallels between now and 2021-2022, the last time central banks faced a serious global supply shock.
Wall Street closed a tumultuous first quarter with a bang on Tuesday as hopes of de-escalation in the Middle East powered stocks to their best day in almost a year, even as data showed a slump in U.S. job openings and hirings. In my column today I look at the parallels between now and 2021-2022, the last time central banks faced a serious global supply shock.
The Federal Reserve Bank of New York said on Tuesday it has appointed Jane Fraser, chief executive of Citigroup (C), to the Federal Reserve Board of Governors' Advisory Council. The appointment is for a one-year term that began in January.
Nike (NKE) beat expectations for third-quarter earnings on Tuesday, as the sportswear giant's turnaround efforts showed some signs of progress, particularly in its wholesale business, even as weakness in China and margin pressure persisted.
Plug Power Inc (PLUG) shares are trading higher on Tuesday afternoon as a broader risk-on rally lifted speculative and rate-sensitive stocks across the market. The move came as U.S. equities rebounded sharply, with the Nasdaq-100 up about 3.2% and the 10-year Treasury yield falling to 4.3% after recently touching 4.44%, a backdrop that appeared to support growth names such as Plug Power.
Our Bond, Inc. (OBAI), the creator of the world?s first AI-powered Preventative Personal Security platform adopted by leading multinational companies, today filed its annual report on Form 10-K with the SEC and provided a business update highlighting strong operational execution, accelerating enterprise adoption and growing global traction since its public listing on February 4, 2026.
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to ?bbb+? from ?a-? of Cities and Villages Mutual Insurance Company.
Financial stocks rose Tuesday with the NYSE Financial Index adding 2.5% and the State Street Financial Select Sector SPDR ETF gaining 2.1%. The Philadelphia Housing Index climbed 2.9%, and the State Street Real Estate Select Sector SPDR ETF advanced 1.6%. Bitcoin advanced 1.6% to $67,803, and the yield for 10-year US Treasuries fell 3 basis points to 4.31%. In economic news, US job openings fel...
Brazil's central bank gold holdings became the second-largest component of its foreign exchange reserves after the U.S. dollar in 2025, according to its annual report released on Tuesday. Gold accounted for 7.19% of total reserves, up from 3.55% in 2024, while the share of U.S. dollar assets fell to 72.00% from 78.45% a year earlier.
Financial stocks were advancing late Tuesday afternoon, with the NYSE Financial Index rising 2.3% and the State Street Financial Select Sector SPDR ETF gaining 2%. The Philadelphia Housing Index was climbing 2.9%, and the State Street Real Estate Select Sector SPDR ETF was up 1.9%. Bitcoin advanced 1.6% to $67,803, and the yield for 10-year US Treasuries decreased 3 basis points to 4.31%. In co...
The bill creates a sports facilities authority for a $3 billion partly bond-financed NFL stadium and makes changes to a sales tax and revenue bond program.
Despite Congress' already long to-do list, factions in the Senate and House are posturing for the possibility of a second reconciliation bill that offers possibilities and threats for the muni market.
The Conference Board's Consumer Confidence Index rose to 91.8 in March from a 91.0 reading in February due to a gain in the present situation that was partially offset by a decrease in the expectations index.
Foreign central banks have reduced their holdings of US Treasuries held at the New York Federal Reserve to the lowest level since 2012 due to the ongoing Iran war, the Financial Times reported Tuesday, citing Fed data.
)Updates prices.) Gold traded higher for a third-straight session midafternoon on Tuesday as the dollar and yields fell after Federal Reserve Chair Jerome Powell said the central bank sees no need to raise interest rates despite higher energy prices. Gold for May delivery was last seen up US$128.50 to US$4,686.00 per ounce.
US consumer confidence unexpectedly rose in March as views on current conditions improved, outweighing pessimism around the economic fallout from the Iran war, the Conference Board said Tuesday. The consumer confidence index moved up to 91.8 in March from last month's reading of 91.
Financial stocks were advancing Tuesday afternoon, with the NYSE Financial Index rising 2.1% and the State Street Financial Select Sector SPDR ETF gaining 1.8%. The Philadelphia Housing Index was climbing 1.7%, and the State Street Real Estate Select Sector SPDR ETF was up 1.5%. Bitcoin was up 1.5% at $67,695, and the yield for 10-year US Treasuries was down 4 basis points at 4.30%. In economic...
* Job openings fell by 358,000 in February, led by declines in small and mid-sized businesses. * Layoffs and discharges rose to 1.721 million, with the rate ticking up to 1.1% * Conference Board survey shows fewer plans to buy big-ticket items despite some optimism. By Lucia Mutikani.
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 1.7% and the State Street Financial Select Sector SPDR ETF gaining 1.8%. The Philadelphia Housing Index was climbing 1.7%, and the State Street Real Estate Select Sector SPDR ETF was up 1.5%. Bitcoin was increasing 1.5% to $67,695, and the yield for 10-year US Treasuries was falling 4 basis points...
KBRA releases research The U.S. private-label CMBS loan distress rate entered double-digit territory in January 2026. As the Federal Reserve continued its easing policy in 2025, declining borrowing costs and stabilizing fundamentals contributed to strong new issuance and gradually improving refinancing conditions in 2025 and early 2026. Key Takeaways Click here to view the report.
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb? to Aseguradores Argentinos Compania de Reaseguros S.A. . The outlook assigned to these Credit Ratings is stable.
* Canadian dollar falls 0.2% against the greenback. * Touches its weakest since December 4 at 1.3966. * GDP rises 0.1% in January. * Bond yields ease across steeper curve. By Fergal Smith.
Canada will release its international merchandise trade figures for February on Thursday, said Scotiabank. These figures will further inform the bank's tracking of quarterly expenditure-based gross domestic product as opposed to monthly income-based GDP.
The Toronto Stock Exchange is up 512 points at midday with materials the best performer. The sector is up 4.2%, boosted by higher gold prices which climbed after U.S. Federal Reserve Chair Jerome Powell said the central bank sees no need to raise interest rates despite higher energy prices.
The year 2026 is off to a strong start in terms of economic growth in Canada, said National Bank of Canada after Tuesday's gross domestic product data. First, January's GDP, up 0.1% month over month, exceeded economists' consensus forecasts, which had predicted stagnation, noted the bank.
* US 2/10 yield-curve bull steepens. * US rate futures shift from pricing hikes to modest easing. * US notes, bonds headed for monthly increase. By Gertrude Chavez-Dreyfuss. U.S. Treasuries ended the first quarter higher on Tuesday, rebounding after a month of heavy selling, as a report suggesting possible de-escalation in the Middle East boosted demand for government debt.
ITS Logistics, an Echo Global Logistics company, released the?March ITS Supply Chain Report. ?With core inflation lingering above the Federal Reserve?s target rate and geopolitical tensions in Iran driving up energy costs, the overall outlook remains volatile and largely uncertain,? said Josh Allen, Chief Commercial Officer, ITS Logistics.
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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