Tensions in the energy markets due to the U.S.-Israeli war on Iran are a cause of concern for their potential repercussions on financial stability, European Central Bank Governing Council member Fabio Panetta said on Thursday.
* Gold fell over 4% after Trump's address on Iran. * Gold snaps 4-day winning streak; set for weekly rise. * Crude oil prices climb 7% as attacks on Iran to continue. * Dollar emerges as preferred safe haven from Iran war. By Ishaan Arora.
JD.com (JD) said late Wednesday it priced a 10 billion Chinese renminbi offering of yuan-denominated senior unsecured notes. The notes comprise 7.5 billion renminbi of 2.05% notes due 2031 and 2.5 billion renminbi of 2.75% notes due 2036, according to the company.
Public Storage (PSA) said late Wednesday its subsidiary priced a $500 million offering of fixed-rate senior notes due 2035. The notes will be issued at 99.182% of par, bear a 5% annual interest rate and mature on Dec. 15, 2035, with interest paid semi-annually starting June 15, 2026.
* Trump vows to strike Iran "extremely hard" over next few weeks. * Gold slips after gaining for previous four sessions. * Silver plummets more than 7% * US dollar advances; Brent surges over 6% By Anmol Choubey and Pablo Sinha.
Euro zone benchmark Bund yields snapped a three-day decline on Thursday and traders raised bets for central bank interest rate hikes as hopes of de-escalation in the Middle East conflict faded. Money markets priced in an ECB deposit facility rate of 2.75% at year-end, from 2.68% late Wednesday.
Swiss inflation rose to its highest level in a year in March, government data showed on Thursday, as the country absorbed higher fuel costs triggered by the conflict in the Middle East. Consumer prices rose by 0.3% last month, compared with March 2025, the highest rate since March 2025, but below the 0.5% rate expected by economists in a Reuters poll.
Major central banks pointed to uncertainty linked to the war in the Middle East as they largely kept interest rates steady in March, with concerns over higher inflation and weaker growth clouding the global economic outlook.
The world's central bankers may be attempting the impossible: to get into the psyche of business executives, labour unions and ordinary households in real time to understand how they are navigating their finances through yet another energy shock. Policymakers are contemplating whether to jack up interest rates to combat rising inflation.
The Iran war's energy shock is historic. One of the difficulties in investing around any sudden crisis like the Middle East conflict is that there's very little immediate economic information beyond market sentiment, pricing or anecdotes. In this case, the most instant jolt was clearly in energy markets and pricing.
?. ISIN Code. Our Ref. ISSUE NAME. City Of Goteborg. SEK 650,000,000.00 MTN. Floating Rate Green Bonds due 2028. Series GB25 Tranche 1 MTN. INTEREST PERIOD. VALUE DATE. INTEREST RATE. NUM OF DAYS. DAY BASIS. CURRENCY CODE. TOTAL INTEREST AMT. SEK 4,241,250. POOL FACTOR. View source version on businesswire.com: https://www.businesswire.com/news/home/20260401480461/en/ Source: Deutsche Bank AG.
* Trump vows to strike Iran "extremely hard" over next few weeks. * Gold slips after gaining for previous four sessions. * Silver slips more than 5% * US dollar advances; Brent surges over 6% By Anmol Choubey and Pablo Sinha.
Treasury yields were jerked higher in Asia on Thursday as dashed hopes for an early end to the Gulf war sent oil prices flying and fanned fears the resulting inflation would close the door to any prospect of easier monetary policy.
Gold prices climbed to a two-week
high on Thursday, supported by a weaker dollar and signs of
Middle East war de-escalation that may ease inflation pressures,
with markets awaiting comments from U.S.
JD.com, Inc. (JD) (NASDAQ: JD and HKEX: 9618 and 89618, the ?Company? or ?JD.com?) (), a leading supply chain-based technology and service provider, today announced the pricing of its offering of CNY10 billion aggregate principal amount of CNY-denominated senior unsecured notes. The Notes Offering consists of CNY7.5 billion of 2.05% notes due 2031 and CNY2.5 billion of 2.75% notes due 2036.
Public Storage (PSA) announced today that the Company?s subsidiary, Public Storage Operating Company, has priced a public offering of $500 million aggregate principal amount of fixed rate senior notes due 2035. The Notes will bear interest at an annual rate of 5.000%, will be issued at 99.182% of par value and will mature on December 15, 2035.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the members of Metropolitan Life Insurance Group. The ratings reflect MetLife?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, very favorable business profile and appropriate enterprise risk management.
CVB Financial Corp. (CVBF) announced that CVBF has received the necessary regulatory approvals for its merger with Heritage Commerce Corp.. This includes the receipt of a Section 3 waiver and non-objection letter from the Federal Reserve concerning HTBK?s proposed merger into CVBF and a letter of approval from the Office of the Comptroller of the Currency regarding the merger of HTBK?s wholly-owned ba...
Stocks rose on Wednesday and oil and the dollar fell on continued optimism that de-escalation in the Middle East is imminent. In my column today I look at whether central banks are selling Treasuries, an issue back in the spotlight as Fed custody holdings sink to a 16-year low.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a? of Fidelis Insurance Bermuda Limited, Fidelis Underwriting Limited and Fidelis Insurance Ireland Designated Activity Company.
Wednesday saw the third consecutive day of falling muni yields, suggesting the market is recovering from last week's selloff. The market is well-positioned for "a strong snapback," according to James Pruskowski, managing director at Hennion & Walsh Asset Management.
Completed Sale of 47 Commercial Real Estate Loans Totaling $943 Million in Unpaid Principal Balance Collapsed RCMF 2023-FL11 and RCMF 2023-FL12, the Company?s Remaining Outstanding Collateralized Loan Obligations Issued Redemption Notice to Bondholders on the Company?s 6.20% Senior Unsecured Notes due July 2026 Signed a $1 Billion Arrangement to Fund the Company?s Off Balance Sheet Commercial R...
The Toronto Stock Exchange on Wednesday took total gains for the last two sessions to more than 1,000 points amid cautious optimism that the Middle East war will soon come to an end, while Desjardins sees the Bank of Canada on hold for the remainder of this year, despite talk of it being forced to move quick on rates due to the most recent oil price shock.
Financial stocks advanced late Wednesday afternoon, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF up 0.2%. The Philadelphia Housing Index added 0.7%, and the State Street Real Estate Select Sector SPDR ETF rose 0.4%. Bitcoin rose 0.5% to $68,236, and the yield for 10-year US Treasuries was slightly higher at nearly 4.32%. In economic news, US re...
Financial stocks advanced late Wednesday afternoon, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF up 0.2%. The Philadelphia Housing Index added 0.7%, and the State Street Real Estate Select Sector SPDR ETF rose 0.7%. Bitcoin decreased 0.2% to $68,125, and the yield for 10-year US Treasuries was slightly higher at nearly 4.32%. In corporate news,...
* ISM manufacturing PMI index hits highest since August 2022. * US private payrolls rise in March. * US rate futures shift from pricing hikes to modest easing. * Trump says US will end war in Iran. * Markets await Trump's remarks Wednesday evening. By Gertrude Chavez-Dreyfuss.
Colombia faces mounting uncertainty after the government's decision to withdraw from the central bank's board cast doubt on future decisions following a 100-basis-point interest rate hike, analysts warned on Wednesday.
St. Louis Fed President Alberto Musalem said that he could support rate decreases or rate increases depending on what conditions require but added that he believes that the current setting of policy will remain appropriate for some time.
* Canadian dollar gains 0.2% against the greenback. * Trades in a range of 1.3873 to 1.3919. * Manufacturing PMI falls to 50.0 in March. * 10-year yield rises 1.1 basis points to 3.485%. By Fergal Smith.
Financial stocks advanced Wednesday afternoon, with the NYSE Financial Index rising 1.2% and the State Street Financial Select Sector SPDR ETF gaining 0.6%. The Philadelphia Housing Index climbed 1.3%, and the State Street Real Estate Select Sector SPDR ETF rose 0.5%. Bitcoin increased 0.8% to $68,708, and the yield for 10-year US Treasuries was up slightly at almost 4.32%. In economic news, US...
The Bank of Canada's governing council has agreed it will have to rely on its own judgment more than usual on rate decisions, given heightened global uncertainty, according to minutes released on Wednesday.
Financial stocks advanced in Wednesday afternoon trading with the NYSE Financial Index rising 1.2% and the State Street Financial Select Sector SPDR ETF gaining 0.6%. The Philadelphia Housing Index climbed 1.3%, and the State Street Real Estate Select Sector SPDR ETF rose 0.5%. Bitcoin increased 0.8% to $68,708, and the yield for 10-year US Treasuries eased 1 basis point to 4.30%. In corporate ...
The Trump administration has helped usher cryptocurrency more into the mainstream as more states pass laws enabling them to invest and issue bonds backed by digital currency.
Amazon.com Inc (AMZN) shares are jumping on Wednesday. Amazon's (AMZN) eight?part euro bond sale on March 11 accounted for nearly 10% of all corporate borrowing in Europe, the Middle East and Africa during the first quarter, according to Bloomberg data. Despite fears that huge U.S. tech deals might overwhelm Europe's bond market, the opposite happened.
US retail sales rebounded more than expected in February, official data showed, though analysts see consumers spending less on discretionary items ahead amid higher energy prices driven by the ongoing Middle East conflict. Sales rose 0.6% sequentially in February, following a revised 0.1% drop in the previous month, the Census Bureau reported Wednesday.
Chile's economic activity deteriorated in February, falling for the second consecutive month and landing way below market expectations, dimming the outlook for interest rate hikes.
All three major US stock indexes were up in midday trading on Wednesday as traders awaited President Donald Trump's evening address, in which he may announce that US military actions in Iran will end within two to three weeks. The Institute for Supply Management's US manufacturing index rose to 52.7 in March from 52.4 in February, above the expectations for a 52.3 reading in a Bloomberg survey.
* ISM manufacturing PMI hits highest level since August 2022. * Prices-paid index jumps to 78.3, highest since June 2022, amid supply chain issues. * US rate futures shift from pricing hikes to modest easing. * Trump says US will end war in Iran. By Gertrude Chavez-Dreyfuss.
Private sector analysts
polled by Mexico's central bank expect slightly higher inflation
at the end of this year and next compared to the previous
month's poll, the bank said on Wednesday.
Federal Reserve Governor Michael Barr warned Tuesday that stablecoins present money laundering and financial stability risks, citing a ?long and painful history of private money created with insufficient safeguards? as stablecoin issues stall progress on the Clarity Act in Congress. Barr focused his concerns on how stablecoin issuers manage reserves backing their tokens.
The Middle East war that's driven a sharp rise in energy prices and roiled critical supply chains appears on track to hit headline inflation, with a smaller impact on underlying price pressures, the Federal Reserve Bank of Cleveland said in updated data Wednesday. Meanwhile, core prices showed less of an impact. The Cleveland Fed nowcasts are updated daily.
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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