The US dollar fell against its major trading partners early Monday after the long holiday weekend and before a busy week of data releases leading up to the March consumer price report on Friday. Only the ISM's non-manufacturing reading for March is scheduled for Monday at 10:00 am ET.
A stronger-than-expected jobs report for March allays labor market concerns that may have arisen following February's weak data, allowing the Federal Reserve to stay put as it assesses the economic impact of the Iran war, economists said.
* Dimon warns of oil shocks, sticky inflation, higher rates. * Systemic risk unlikely from private credit, Dimon says. * Calls revised US Basel III, GSIB surcharge rules "flawed" By Saeed Azhar. JPMorgan Chase CEO Jamie Dimon warned on Monday that the war in Iran risks oil and commodity price shocks that could keep inflation sticky and push interest rates higher than the market now expects.
US equity investors will be laser-focused on developments in the Iran war following President Donald Trump's expletive-laden warning to open the Strait of Hormuz, as well as watch the inflation data and the Federal Reserve meeting minutes. * Iran will not reopen Hormuz even if a "temporary ceasefire" is agreed, Al Jazeera reported, citing a senior Iranian official speaking to Reuters.
Wells Fargo Investment Institute said on Monday it no longer expects the U.S. Federal Reserve to cut interest rates in 2026, citing uncertainty around inflation and heightened geopolitical risks tied to the Middle East war. The institute, a subsidiary of lender Wells Fargo (WFC), had previously forecast two rate cuts from the U.S. central bank this year.
Bitcoin's correlation with global central bank easing has turned strongly negative since 2024, suggesting BTC now leads rather than lags monetary policy signals.
* S&P 500 posts weekly gain in wake of worst quarter since 2022. * March CPI report due April 10, expected to show some effects of oil surge. * Delta, Constellation Brands (STZ) set to report, more Q1 results due later in month. By Lewis Krauskopf.
Egypt's non-oil private sector deteriorated at its sharpest pace in almost two years in March, as the Middle East war drove up costs and dampened client demand, a closely watched business survey showed on Sunday. The headline S&P Global Egypt Purchasing Managers' Index fell for a fourth consecutive month, dropping to 48.0 in March from 48.9 in February - its lowest reading since April 2024.
The International Monetary Fund urged the Bank of Japan to continue raising interest rates, even as the Middle East war posed "significant new risks" to the country's economic outlook.
Fitch: * FITCH DOWNGRADES JETBLUE TO 'CCC+' FROM 'B-'; AFFIRMS AND DOWNGRADES CERTAIN EETC RATINGS. * FITCH - DOWNGRADE OF JETBLUE'S IDR REFLECTS CONTINUED OPERATING LOSSES, MORE PROLONGED PATH TO MARGIN RECOVERY. * FITCH - DOWNGRADE OF JETBLUE'S IDR REFLECTS SHARPLY HIGHER JET FUEL PRICES, AND PERSISTENTLY ELEVATED LEVERAGE.
U.S. employment growth snapped back in March after a hefty decline in February, and the jobless rate declined unexpectedly to 4.3%, but economists found the headline highlights were countered by a number of less-than-glowing details. Here are three highs and lows from the report. Highs: 1) JOB GAINS LARGEST SINCE DECEMBER 2024. A big plus was that employment growth was fairly broad-based.
U.S. employment growth snapped back in March after a hefty decline in February, and the jobless rate declined unexpectedly to 4.3%, but economists found the headline highlights were countered by a number of less-than-glowing details. Here are three highs and lows from the report. Highs: 1) JOB GAINS LARGEST SINCE DECEMBER 2024. A big plus was that employment growth was fairly broad-based.
* March job gains broad-based, led by healthcare, construction, and leisure sectors. * Labor force shrinks for third time in four months, economists cite immigration and demographics. * Wage growth slows to lowest in nearly five years, likely lagging inflation. By Dan Burns.
A U.S. judge on Friday stood by his prior decision to block subpoenas issued in a criminal investigation into Federal Reserve Chair Jerome Powell, setting up a likely appeal that could further delay President Donald Trump's move to install a more compliant central bank head.
* Unemployment rate dips; report shows downward revisions. * Jobs report not as strong as it looks -analyst. * Fed rate cut chances reduced for 2026 post-jobs data. By Gertrude Chavez-Dreyfuss.
Hiring that strengthened and broadened in March will likely cement the U.S. Federal Reserve's plans to keep interest rates on hold for the foreseeable future, easing concerns about a weakening labor market and keeping policymakers focused on whether rising energy prices threaten higher inflation. The March jobs report showed the economy adding workers across sectors.
* March jobs report shows broader hiring gains. * Fed likely to keep rates on hold given job market resilience. * Rising energy prices and ongoing Iran conflict add uncertainty to inflation and future Fed policy. By Howard Schneider.
The March employment report showed improvement after the February softness, with payrolls growth much stronger than expected, the unemployment rate down, but hourly earnings growth slower. Nonfarm payrolls rose by 178,000 in March after a downwardly-revised 133,000-jobs decline in February and an upwardly-revised 160,000 gain in January.
* Unemployment rate dips; report shows downward revisions. * Jobs report not as strong as it looks -analyst. * Fed rate cut chances reduced for 2026 post-jobs data. By Gertrude Chavez-Dreyfuss.
U.S. nonfarm payrolls expanded more than Wall Street anticipated last month and the jobless rate fell to 4.3%, bolstering expectations that the Federal Reserve will hold interest rates steady as it gauges economic growth, inflation and the impact of the war with Iran. Nonfarm payrolls rose by 178,000 in March, data showed on Friday.
U.S. Treasury yields advanced on Friday after data showed the world's largest economy created a lot more jobs than expected last month, cementing expectations that the Federal Reserve will hold interest rates steady for longer and not cut them.
The March employment report showed nonfarm payrolls rebounded by 178,000, well above the 65,000 jobs increase expected in a survey compiled by Bloomberg, while February payrolls saw a sharp downward revision to a 133,000-jobs decrease and January payrolls were revised upwards to a 160,000 increase, for a net downward revision of 7,000 jobs.
* Nonfarm payrolls increase 178,000 in March. * Unemployment rate falls to 4.3% from 4.4% as people drop out of the labor force. * Average workweek shortens to 34.2 hours from 34.3 hours. By Lucia Mutikani.
* S&P 500 posts weekly gain in wake of worst quarter since 2022. * March CPI report due April 10, expected to show some effects of oil surge. * Delta, Constellation Brands (STZ) set to report, more Q1 results due later in month. By Lewis Krauskopf.
PROVIDENCIALES, Turks and Caicos Islands, April 2, 2026 KuCoin, a leading global?crypto platform built on trust, has been invited to participate in a supervisory pilot programme launched by the Central Bank of Nigeria targeting Virtual Asset Service Providers.
* Nonfarm payrolls forecast increasing 60,000 in March. * Economists say it will take time for the oil price shock to impact the labor market. * Unemployment rate is expected to have held steady at 4.4% By Lucia Mutikani.
The Bank of Japan will keep raising interest rates if its economic forecasts hold, a senior central bank official said, reinforcing a tightening bias even as fresh surveys show firms feeling the pinch of rising fuel costs linked to the Iran war.
The Bank of Japan will continue to raise interest rates while keeping a close eye on how the Middle East conflict affects the economy and underlying inflation, a senior central bank official said on Friday.
Growth in China's services activity slowed in March from February's 33-month high, as softer demand and a decline in overseas orders weighed on momentum, a private-sector survey showed on Friday.
* Private PMI shows services growth slowed to 52.1 in March from 56.7 in February. * Weaker demand, falling export orders and job cuts weigh on sector momentum. * Geopolitical tensions and rising costs add uncertainty, but business sentiment stays positive. By Liangping Gao and Ryan Woo.
Japan's services sector grew at its weakest pace in three months in March, a private survey showed on Friday, as rising uncertainty over the Middle East war crushed business confidence to its lowest level since the pandemic.
BNY Mellon Municipal Bond
Infrastructure Fund Inc (DMB): * BNY MELLON MUNICIPAL BOND INFRASTRUCTURE FUND, INC. ANNOUNCES DISTRIBUTION Source text: Further company coverage:
World markets reeled on Thursday, with stocks mostly lower and U.S. oil soaring 11% after President Donald Trump indicated there will be no let-up in the war on Iran, meaning the Strait of Hormuz won't be opening up soon, as traders had hoped. In my column today I look at the U.S. labor market ahead of Friday's nonfarm payrolls.
Federal Reserve Bank of New York President John Williams said monetary policy is "well positioned," as he expects surging energy prices will take some time to affect the economy. "We want to balance those risks," he said. His comments largely mirror remarks made on Monday in an appearance in Staten Island, New York.
Announces Early Redemption of $100 Million 4.95% Senior Notes Due February 2027 and $450 Million 5.50% Senior Notes Due December 2027 Service Properties Trust (SVC) today announced the closing of its underwritten public offering of 479.2 million common shares of beneficial interest, including 62.5 million common shares of beneficial interest issued upon the exercise in full by the underwriters of the...
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0420 per share of common stock, payable on May 1, 2026 to shareholders of record at the close of business on April 17, 2026. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
Financial stocks were mixed late Thursday afternoon trading, with the NYSE Financial Index fractionally lower and the State Street Financial Select Sector SPDR ETF up 0.1%. The Philadelphia Housing Index was decreasing 0.2%, and the State Street Real Estate Select Sector SPDR ETF climbed 1.5%. Bitcoin was declining 1.6% to $67,011, and the yield for 10-year US Treasuries was slightly lower at 4...
Munis saw small gains Thursday, continuing the slight turnaround in sentiment the market has seen this week, with muni yields seeing modest bumps each day, said Jeremy Holtz, a portfolio manager at Income Research + Management.
* Trump's unclear stance on Middle East war fuels inflation fears. * Iran, Oman drafting protocol on Strait of Hormuz traffic. * Fed rate-cut expectations fade after worrisome inflation data. * Focus shifts to US payrolls report for March. By Gertrude Chavez-Dreyfuss.
US nonfarm payrolls are expected to rise by 65,000 in March after a 92,000-jobs decline in February, based on a survey compiled by Bloomberg, while the unemployment rate is expected to remain at 4.4% after rising to that point in the previous month. The March employment report is due to be released at 8:30 am ET Friday.
Dallas Fed President Lorie Logan said that the conflict in Iran adds uncertainty to the economic outlook but said that the current stance of monetary policy is positioned appropriately to react as needed.
* Turkey's gold reserves tumble nearly 120 tons in two weeks. * Indian dealers charge first gold premiums in two months. * Silver down over 3% By Ashitha Shivaprasad. Gold prices fell on Thursday as the U.S. dollar and oil prices strengthened after President Donald Trump said the U.S. would continue attacks on Iran, spurring inflation concerns and bolstering expectations of higher interest rates.
Financial stocks were slightly higher in Thursday afternoon trading, with the NYSE Financial Index up 0.1% and the State Street Financial Select Sector SPDR ETF adding 0.3%. The Philadelphia Housing Index was decreasing 0.7%, and the State Street Real Estate Select Sector SPDR ETF was up 0.6%. Bitcoin was declining 1.3% to $67,175, and the yield for 10-year US Treasuries was decreasing 1.2 basi...
Dallas Federal Reserve President Lorie Logan said on Thursday that U.S. oil producers are unlikely to boost output and shield consumers from higher gasoline prices any time soon. The price U.S. producers say they need to see to start drilling is just shy of $70 a barrel, well below the current price of around $110 a barrel, Logan said during a conference at her regional Fed bank.
* Fed's Logan says US oil output unlikely to surge in short term. * She says Fed positioned to deal with what economy delivers. * Dallas Fed chief says she remains very worried about inflation. By Michael S. Derby. Dallas Federal Reserve President Lorie Logan said on Thursday that U.S. oil producers are unlikely to boost output and shield consumers from higher gasoline prices any time soon.
Federal Reserve policymakers held short-term borrowing costs steady at their March 17-18 meeting, as they did in January. Here is a look at Fed officials' recent comments, sorting them under the labels "dove" and "hawk" as shorthand for their monetary policy leanings. A graphic is also available. The designations are based on public comments and published remarks.
Financial stocks were mixed in Thursday afternoon trading, with the NYSE Financial Index easing 0.1% and the State Street Financial Select Sector SPDR ETF adding 0.2%. The Philadelphia Housing Index was decreasing 0.7%, and the State Street Real Estate Select Sector SPDR ETF was up 0.6%. Bitcoin was declining 1.3% to $67,175, and the yield for 10-year US Treasuries was decreasing 1.2 basis poin...
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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