TheMR pound held near a 10-week high against the dollar on Friday as traders digested a week of central bank meetings in which the Bank of England kept interest rates steady and warned of inflation risks stemming from the Iran war. Sterling was little changed at $1.3606 and a touch softer against the euro at 86.32 pence, after jumping sharply against both on Thursday.
Japan may have spent as much as 5.48 trillion yen bolstering its embattled currency, central bank data indicated on Friday, following reports that Tokyo intervened on Thursday to arrest a sharp selloff in the yen. The Bank of Japan's projection for money market conditions on May 7, the next market day after a stretch of domestic holidays, indicated a 9.48 trillion yen net outflow of funds.
Japan may have spent as much as 5.48 trillion yen bolstering its embattled currency, central bank data indicated on Friday, following reports that Tokyo intervened on Thursday to arrest a sharp selloff in the yen. The Bank of Japan's projection for money market conditions on May 7, the next market day after a stretch of domestic holidays, indicated a 9.48 trillion yen net outflow of funds.
The average 30-year fixed-rate mortgage rose to 6.30% for the week ending April 30, 2026, up from 6.23% the prior week, Freddie Mac?? said Thursday. The 15-year fixed rate also rose, averaging 5.64%, compared with 5.58% last week.
A gauge of British manufacturers' cost pressures jumped in April and delivery delays were the most widespread since mid-2022 due to the standoff in the Strait of Hormuz, according to a survey that underscored the impact of the Iran war. S&P Global's UK Manufacturing Purchasing Managers' Index rose to 53.7 in April from 51.0 in March.
* ECB faces risk of higher inflation becoming entrenched. * Rate hike may be necessary as soon as June, says Nagel. * Markets now see three rate hikes. By Balazs Koranyi. The European Central Bank may need to tighten policy, perhaps as soon as June, policymakers said on Friday, warning that the inflation outlook is deteriorating and the risk is rising that high price growth gets entrenched.
It may be appropriate for the ECB to act in June if the outlook does not improve "markedly" as inflation developments are worse than the ECB's base case, which already entails policy tightening, Bundesbank President Joachim Nagel said on Friday. "From today's perspective, the situation is evolving less favourably than in the earlier baseline scenario," Nagel said.
The 2nd Open Dialogue "The Future of the World: A New Platform for Global Growth" took place in Russia, bringing together experts and young researchers from more than 40 countries who proposed ideas on the development of the economy, technology, education, and the environment.
Amkor Technology, Inc. (AMKR) today announced the pricing of its offering of $1,000,000,000 aggregate principal amount of 0.00% 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. The notes will be senior, unsecured obligations of Amkor.
Copper prices climbed on Friday for the first time in seven sessions as oil prices retreated from four-year highs, easing the risk that high energy prices could curb global economic growth. Also supporting copper were data earlier this week showing that manufacturing activity in top metals consumer China expanded in April at its fastest pace since the end of 2020.
* April Tokyo core CPI rises 1.5% yr/yr vs forecast 1.8% * Index excluding fresh food, fuel rises 1.9% yr/yr in April. * Iran war-induced cost pressures to push up inflation ahead. * Manufacturers see surging input cost inflation, delivery delays. * Data comes in wake of BOJ's hawkish hold at April meeting. By Leika Kihara.
Japan's manufacturing activity grew at its strongest pace in over four years in April, as companies ramped up production and stockpiled goods amid supply chain disruptions caused by the Middle East war, a private-sector survey showed on Friday.
* April Tokyo core CPI rises 1.5% yr/yr vs forecast 1.8% * Index excluding fresh food, fuel rises 1.9% yr/yr in April. * Data comes in wake of BOJ's hawkish hold at April meeting. By Leika Kihara.
From Tokyo to Washington, central bankers are becoming increasingly divided on how to handle the global energy shock. As Brent crude hits $120 a barrel - double where it was at the start of the year - policymakers' dilemma is clear. The preferred option appears to be sitting tight in the hope that the Iran war ends soon.
First single-sponsor data center project to access the investment-grade construction bond market. Fully amortizing 16.5-year tenor eliminates refinancing risk and funds development without recourse to Hut 8 (HUT) or dilution to shareholders.
KBRA assigns a BBB issuer rating to Universal Insurance Holdings, Inc. (UVE) and a BBB preliminary long-term credit rating to UVE?s proposed $100 million fixed-rate senior unsecured notes due 2031.
The Federal Home Loan Bank of Dallas today announced the publication of its 2025 Corporate Impact Report, highlighting its continued role as a reliable source of liquidity and its positive impact on communities through more than $134 million distributed through its financial institution members to improve housing affordability and economic well-being. This press release features multimedia.
U.S. stocks surged on Thursday to close a remarkable month on a high as strong tech earnings and investment figures suggested that the AI boom has much further to run, while the yen had its best day since 2022 after Japan intervened in the currency market. If you have more time to read, here are a few articles I recommend to help you make sense of what happened in markets today.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Sun Life Assurance Company of Canada and Sun Life and Health Insurance Company. Additionally, AM Best has affirmed the FSR of A and the Long-Term ICR of ?a? of Independence Life and Annuity Company, a strategic subsidiary of SLF.
NEW YORK, April 30, 2026 Brixmor Property Group Inc. (BRX) announced today that its operating partnership, Brixmor Operating Partnership LP, priced an offering of $400 million aggregate principal amount of 5.375% Senior Notes due 2036.
US equity indexes rose in a broad-based rally as the impact of artificial intelligence showed in corporate earnings, and a preliminary Q1 economic growth estimate helped investors put ongoing geopolitical tensions on the back burner. The Dow Jones Industrial Average surged 1.6% to 49,652.14, with the S&P 500 up 1% to 7,209.01 and the Nasdaq Composite higher by 0.9% to 24,892.31 on Thursday.
ATLANTA, April?30, 2026 Invesco Mortgage Capital Inc. (IVR/PC) today announced financial results for the quarter ended March 31, 2026. Update from Kevin Collins, Incoming Chief Executive Officer "During the first quarter of 2026, we operated in a more challenging market environment following the strong recovery in Agency MBS valuations experienced in the second half of 2025.
The Toronto Stock Exchange on Thursday posted its first wining session in six, recovered all the 630 points and more lost over the prior five sessions, on some bargain hunting and a first-quarter rebound for the Canadian economy. The S&P/TSX Composite Index rose 645.94 points, or 1.9% to close at 33,964.33, with most sectors higher, led by Base Metals, up near 3%, even with gold prices deflated.
Aegon has successfully priced USD 500 million of senior unsecured notes with a fixed coupon of 5.625% and a tenor of ten years. The notes are being issued by Aegon Funding Company LLC and will be guaranteed on a senior unsecured basis by Aegon Ltd. The maturity date is May 7, 2036. An application will be made to list the notes on the New York Stock Exchange.
KBRA assigns a long-term rating of AAA to the State of Wisconsin Transportation Revenue Bonds, 2026 Series A and Transportation Revenue Refunding Bonds, 2026 Series 1. KBRA additionally affirms the long-term rating of AAA for the State's outstanding Transportation Revenue Bonds. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives.
First Quarter Financial Highlights Include: Remaining Performance Obligations of $643.6 million, up 16.4% year over year Adjusted Calculated Billings of $92.2 million, up 22.9% year over year Adjusted Annualized Recurring Revenue of $388.0 million, up 5.0% year over year LAS VEGAS---- Rimini Street (RMNI), Inc., a global provider of end-to-end enterprise software support, managed services and Agentic ...
Financial stocks were higher late Thursday afternoon, with the NYSE Financial Index rising 1.3% and the State Street Financial Select Sector SPDR ETF up 0.5%. The Philadelphia Housing Index climbed 1.6%, and the State Street Real Estate Select Sector SPDR ETF added 1.5%. Bitcoin rose 0.9% to $76,409, and the yield for 10-year US Treasuries decreased 2.8 basis points to 4.39%. In economic news, ...
The Federal Reserve's most recent policy statement had an implied easing bias, but that could soon be removed amid a growing divide among policymakers over the direction of interest rates, Stifel said in a note Thursday. The Federal Open Market Committee left interest rates unchanged on Wednesday, marking its third consecutive pause.
Financial stocks were higher late Thursday afternoon, with the NYSE Financial Index rising 1.3% and the State Street Financial Select Sector SPDR ETF up 0.5%. The Philadelphia Housing Index climbed 1.6%, and the State Street Real Estate Select Sector SPDR ETF added 1.5%. Bitcoin rose 0.9% to $76,409, and the yield for 10-year US Treasuries decreased 2.8 basis points to 4.39%. In corporate news,...
Bitcoin is trading sideways near $76,000 as traders closely watch Federal Reserve policy and regulatory developments. During an Apr. 30 crypto roundtable featuring Benjamin Cowen, analysts highlighted two key near-term risks: tightening global regulation and uncertainty around Federal Reserve policy.
The advance estimate of Q1 GDP showed a 2.0% gain after a 0.5% increase in the previous quarter, with personal spending up 1.6% after a 1.9% gain. There were positive contributions from nonresidential fixed investment, inventory growth and government spending that were partially offset by negative contributions from residential fixed investment and net exports.
"We do good work," said Mike LaPierre, president of GPM Municipal Advisors, which acts as advisor and staff to the Public Finance Authority and the California Community Housing Agency.
KBRA assigns a long-term rating of AA+ to the City of El Paso, TX General Obligation Refunding and Improvement Bonds, Series 2026. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
ConocoPhillips (COP) reported first-quarter fiscal 2026 results that topped analyst expectations, supported by stronger-than-expected earnings and revenue. The company posted earnings of $2.2 billion, or $1.78 per share, down from $2.8 billion, or $2.23 per share, in the same quarter last year. Total production declined 80 MBOED year over year to 2.3 million barrels of oil equivalent per day.
Gold traded higher midafternoon Thursday as the dollar dropped after a report showed a key U.S. inflation measure rose last month while first-quarter gross domestic product rose less than expected. Gold for June delivery was last seen up US$71.30 to US$4,632.80 per ounce, remaining within the US$200 range it has traded within for the past month.
Financial stocks were higher Thursday afternoon, with the NYSE Financial Index rising 0.8% and the State Street Financial Select Sector SPDR ETF up 0.3%. The Philadelphia Housing Index was up 1.1%, and the State Street Real Estate Select Sector SPDR ETF added 1%. Bitcoin rose 0.6% to $76,227, and the yield for 10-year US Treasuries was decreasing 2.4 basis points to 4.39%. In economic news, the...
* Canadian dollar gains 0.5% against the greenback. * For April, the loonie heads for a gain of 2.2% * GDP rises 0.2% in February from January. * 10-year yield eases 4.4 basis points to 3.565% By Fergal Smith.
* SAKS GLOBAL CUTS CORPORATE STAFF AMID BANKRUPTCY - WSJ. * SAKS GLOBAL LAYING OFF ABOUT 16% OF ITS CORPORATE EMPLOYEES- WSJ Source text: https://tinyurl.com/y8pwd4up Further company coverage: [ ]
* All sectors declined, with primary seeing the sharpest dip. * Analysts expect World Cup to aid near-term recovery. * Weak GDP data could pressure central bank to cut rates. By Aida Pelaez-Fernandez.
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 1% and the State Street Financial Select Sector SPDR ETF up 0.2%. The Philadelphia Housing Index was climbing 1.1%, and the State Street Real Estate Select Sector SPDR ETF added 1%. Bitcoin rose 0.6% to $76,227, and the yield for 10-year US Treasuries was decreasing 2.4 basis points to 4.39%. In ...
London's FTSE 100 index rose on Thursday, with upbeat results from Rolls-Royce and Glencore (GLCNF) bolstering sentiment, while rate-sensitive mid-cap stocks rallied after the Bank of England held its interest rate steady. The blue-chip FTSE 100 closed 1.6% higher at 10,378.82 points, while the midcap FTSE 250 gained 1.2%, snapping a five-day losing streak.
US economic growth fell short of Wall Street's expectations in the first quarter as spending slowed amid inflationary pressures that economists said will likely keep consumers under pressure. Real gross domestic product in the world's largest economy rose at an annual rate of 2% in the March quarter, according to an advance estimate released Thursday by the Bureau of Economic Analysis.
The Bank of Canada held interest rates steady at 2.25% on Wednesday, as was widely expected, said UBS. As the bank also forecast, the guidance delivered by the BoC was largely unchanged from the March policy meeting: uncertainty is elevated, the impact of shocks on the outlook unknown and Canada's central bank is ready to respond as needed.
Canada's economy grew by 0.2% month over month in February, a result in line with Statistics Canada's preliminary estimate released a month earlier, said National Bank of Canada. This strong performance was driven by a robust rebound in the manufacturing sector, which posted a 1.8% month-over-month increase following a 1.3% decline in January.
* Bank of England spells out inflation risks from Iran war. * Citi says gold under near-term pressure, but medium term looks bullish. * Indian central bank's gold share in foreign exchange reserves rises. * Platinum gains more than 4% By Ashitha Shivaprasad.
The government of Canada on Tuesday released its spring economic update, with the revised projections for the fiscal deficit in 2025-26 down about $2 billion to around $67 billion, or roughly 2.1% of gross domestic product relative to the 2.5% prior, said UBS.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.30%. ?The 30-year fixed-rate mortgage averaged 6.30% this week,? said Sam Khater, Freddie Mac?s Chief Economist. News Facts The PMMS? is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.
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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