Federal Reserve chair nominee Kevin Warsh has submitted required paperwork to the U.S. Senate, putting him one step closer to a hearing in the chamber and his eventual installation as Jerome Powell's successor, CNBC reported on Monday, citing two sources familiar with the matter.
Wall Street's main indexes rallied to close sharply higher on Monday as hopes for de-escalation in the Middle East helped investors look past the failed U.S.-Iran talks and focus on the start of first-quarter earnings season. * STOCKS: European stocks close lower as Iran war weighs on sentiment, U.S. stocks stage late-session rally on signs of progress in peace negotiations.
Federal Reserve chair nominee Kevin Warsh has submitted required paperwork to the Senate, putting him one step closer to a Senate hearing, CNBC reported on Monday, citing two sources familiar with the matter. A prior plan to hold that hearing this week had to be delayed after a holdup with the paperwork, the report added. Reuters could not immediately verify the report.
Chris Brigati, managing director and CIO at SWBC, said he was "a little underwhelmed" with the market as volumes and flows were lighter than he expected.
* Iran threatens strikes on Gulf ports. * Investors see few alternatives to Treasuries -analyst. * US home sales hit nine-month low, overshadowed by Iran conflict. * US rate futures price out rate cut this year. By Gertrude Chavez-Dreyfuss.
The global financial system has so far absorbed the economic shock caused by the Iran war, partly thanks to post-2008 crisis reforms, but rising funding costs may exacerbate growing stress in other parts of the system, the chair of the Financial Stability Board warned the G20 on Monday.
The New York Federal Reserve's operations desk plans to conduct about $15.5 billion in reinvestment purchases and an additional approximately $25 billion in reserve management purchases between April 14 and May 13, it said in a schedule released on Monday.
The Federal Reserve Bank of New York said on Monday that the U.S. central bank had a smaller unrealized loss on its expansive bond holdings last year relative to 2024. The paper loss on 2025 holdings stood at $844.2 billion after the 2024 https://www.reuters.com/business/ny-fed-flags-106-trillion-unrealized-loss-bond-holdings-2024-2025-06-03/ unrealized loss of $1.06 trillion.
* Fed reports smaller paper loss on bond holdings for 2025. * Fed says unrealized loss on balance sheet was $844.2 billion in 2025. * Fed says paper loss has no impact on policy mission. By Michael S. Derby. The Federal Reserve Bank of New York said on Monday that the U.S. central bank had a smaller unrealized loss on its expansive bond holdings last year relative to 2024.
The Federal Reserve will now likely deliver just one interest rate cut this year instead of two amid the oil price shock from the Middle East conflict, though the risks for the next rate reduction skew toward earlier rather than later, UBS Securities said in a note e-mailed Monday.
The Bank of England updated its guidance on handling bank failures on Monday, introducing an alternative bail-in mechanism that changes how bondholders are compensated during a rescue, after securing assurances from U.S. regulators.
Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF adding 1%. The Philadelphia Housing Index was increasing 0.3%, and the State Street Real Estate Select Sector SPDR ETF was shedding 0.2%. Bitcoin was rising 2.3% to $72,375, and the yield for 10-year US Treasuries was slightly lower at 4.30...
Higher oil prices caused by the war in the Middle East have already boosted prices across Ukraine and could raise inflation rates by 1.5 percentage points to 2.8 percentage points, Ukraine's top central banker said on Monday.
US existing home sales decreased in March as softening job growth and weaker consumer confidence continued to deter potential buyers, data from the National Association of Realtors showed Monday. Sales fell 3.6% sequentially to a seasonally adjusted annual rate of 3.98 million units last month.
Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF adding 1%. The Philadelphia Housing Index was increasing 0.3%, and the State Street Real Estate Select Sector SPDR ETF was shedding 0.2%. Bitcoin was rising 2.3% to $72,375, and the yield for 10-year US Treasuries was slightly lower at 4.30...
The March Labour Force Survey confirms that Canada's economic situation remains "fragile in the currently highly uncertain economic climate, given trade tensions with the United States and, now, the geopolitical situation in the Middle East, which, if it becomes deadlocked, could plunge the global economy into a downturn, said National Bank of Canada.
* Existing home sales decrease 3.6% to 3.980 million units. * Housing inventory increases 2.3% from year ago to 1.36 million units. * Median house price rises 1.4% from year ago to $408,800. By Lucia Mutikani.
Global financial policy makers gather in Washington for the International Monetary Fund and World Bank Group Spring Meetings this week against the backdrop of yet another global economic shock - this time from the Iran war https://www.reuters.com/world/iran/. The latest economic strife - marked by soaring borrowing costs, energy prices and inflation prospects - will amplify pressure on a number...
Canadian employment fell by 95,000 in Q1, the weakest performance since the COVID-19 pandemic, although following an even larger gain in Q4 2025, said Bank of Montreal. The big picture is that job growth has been very mellow over the past year, and the jobless rate is down a tick, noted the bank, after Friday's Labour Force Survey.
* Traders price in a 70% chance of a third ECB hike by December. * BofA says a repeat of 1970s energy shock is unlikely even if war escalates. * Bond yield spreads well below late March highs. By Stefano Rebaudo and Lucy Raitano.
Canada's Labor Force Survey for March suggested a slight improvement in hiring, with employment up 14,000 after two months of declines in January and February, said UBS after Friday's LFS. The unemployment rate held steady at 6.7%. The bank expects that the unemployment rate could push higher through the summer, but then trend a little lower to 6.6% by year-end.
J&F S.A. today announced that its subsidiary J&F Luxembourg Finance S.? r.l. has commenced an offering of senior notes to be issued by the Issuer and guaranteed by the Company, Eldorado Brasil Celulose S.A., LHG Mining Ltda. and Flora Produtos de Higiene e Limpeza S.A.. The Company also announced that the Issuer has commenced an offer to exchange any and all outstanding 8.500% senior notes due ...
Around a fifth of investors say a bearish dollar position is their highest conviction trade in 2026, anticipating the tailwind from the Iran war will be temporary and the Federal Reserve likely to favour looser monetary policy, a BofA survey on Monday showed. The April FX and rates sentiment survey polled 30 global fund managers, with a collective $341 billion under management between April 3-9.
Alarm over the impact of the Iran war on the global economy grew on Monday with more countries announcing emergency support measures to combat rising energy costs, while others appealed for international support.
* More govts move to support households, business. * Nigeria says seeks greater international help. * Energy shock to dominate IMF-World Bank meetings. By Mark John. Alarm over the impact of the Iran war on the global economy grew on Monday with more countries announcing emergency support measures to combat rising energy costs, while others appealed for international support.
Investors will get an update on the state of the Canadian residential sector with the release of March housing starts on Friday, said National Bank of Canada. Judging by the data on building permits, the latter could have increased to 260,000 in annualized terms, led by the multi-unit segment, noted the bank.
U.S. existing home sales fell to a nine-month low in March amid tight inventory and growing concerns over the labor market, and a recent increase in mortgage rates because of the war with Iran could limit activity this year.
* Existing home sales decrease 3.6% to 3.980 million units. * Housing inventory increases 2.3% from year ago to 1.36 million units. * Median house price rises 1.4% from year ago to $408,800. By Lucia Mutikani.
Existing-home sales decreased by 3.6% month-over-month in March, according to the National Association of REALTORS??Existing-Home Sales report. ?March home sales remained sluggish and below last year?s pace,? said NAR Chief Economist Dr. Lawrence Yun. Month-over-month sales fell in all four regions. ?Inventory remains a major constraint on the market,? Yun said.
The pace of US existing home sales fell by 3.6% to a 3.98 million seasonally adjusted annual rate in March from 4.13 million in February, compared with a smaller decrease expected to a 4.05 million rate in a survey compiled by Bloomberg as of 7:30 am ET, data from the National Association of Realtors released Monday showed. Total sales were down 1% from a year earlier.
Hungary's election winner Peter Magyar said on Monday that he planned to cooperate with National Bank of Hungary Governor Mihaly Varga, respecting central bank independence. Magyar told a briefing that the central bank governor was doing his job in line with the central bank law and there was no need for any "chaos."
China Marks the Brand's 27th International Market, With First Shanghai Location Opening Summer 2026 ATLANTA, April 13, 2026 Church's Texas Chicken? and Texas Chicken?, one of the largest quick-service chicken restaurant brands in the world, is bringing its bold, Texas-inspired flavor to China, marking a major milestone in the company's global growth and its 27th international market.
Rimini Street, Inc. (RMNI), the Software Support and Agentic AI ERP Company?, and the leading third-party support provider for Oracle, SAP and VMware software, today announced it will report earnings after market close on April 30, 2026. This press release features multimedia.
Higher energy prices stemming from the conflict with Iran and concerns this will fuel inflation led Israeli policymakers to hold interest rates steady on March 30 for the second straight month, minutes of the discussions showed on Monday.
Circus SE, a global AI-robotics company developing autonomous sustainment systems, today announced the full placement of its first asset-backed bond with seven-digit volume, executed through the digital capital markets platform of FINEXITY AG.
HOUSTON, April 13, 2026 Caturus Energy, LLC, today announced that it intends to offer $500 million in aggregate principal amount of senior unsecured notes due 2031 in a private placement to eligible purchasers, subject to market conditions.
The US dollar rose against its major trading partners early Monday ahead of the release of existing home sales data for March at 10:00 am ET and an appearance by Federal Reserve Governor Stephen Miran at 6:20 pm ET. Tuesday's highlights include data on small business sentiment and producer prices.
All four members of the Bank of Israel's Monetary Policy Committee voted to leave the short-term interest rate unchanged at 4% on March 30, according to minutes of the meeting issued by the central bank on Monday. The MPC had cut the key rate in November and again in January before standing pat the last two meetings due to inflationary concerns stemming from the U.S.-Israel conflict with Iran.
* Traders price in a 70% chance of a third ECB hike by December. * BofA sees unlikely a repeat of 1970s energy shock even if war escalates. * Bond yield spreads well below late March highs. By Stefano Rebaudo.
?Participation to reinforce D-Wave?s leadership in commercial quantum computing, breakthrough technical advancements and quantum-AI innovation D-Wave Quantum Inc. (QBTS), the only dual-platform quantum computing company providing both annealing and gate-model systems, software and services, today announced that CEO Dr. Alan Baratz will join global leaders on the mainstage at Semafor World Economy on A...
Commerzbank in its "European Sunrise" note of Monday highlighted: Markets: United States Treasury yields opened higher across the curve in Asia, slowly started consolidating in early trading. Federal Reserve seeking details on U.S. banks' exposure to private credit firms. U.S.: President Donald Trump has promised mass pardons to top administration officials before leaving office.
Global ratings agency Fitch on Monday affirmed Pakistan's foreign-currency credit rating at 'B-' with a stable outlook, citing progress on fiscal consolidation and improved foreign exchange reserves that have strengthened the country's economic buffers.
* U.S. to blockade strait of Hormuz. * Gold drops to lowest since April 7. * Oil prices jump back above $100 a barrel. * Dollar climbs to near one-week high. By Pablo Sinha.
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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