The April employment report showed nonfarm payrolls rose by 115,000, above the 65,000 jobs increase expected in a survey compiled by Bloomberg, while March payrolls were revised up to a 185,000 increase and February payrolls were revised down to a 156,000 decrease. Private payrolls rose by 123,000 in April after a 190,000 increase in March, well above the increase of 75,000 private jobs expected.
U.S. employment increased more than expected in April, pointing to labor market stability and reinforcing expectations the Federal Reserve would keep interest rates unchanged for some time as the war with Iran fans inflation.
U.S. stock index futures extended gains on Friday after a stronger-than-expected jobs report signaled resilience in the labor market and eased concerns about a slowdown in the U.S. economy. A Labor Department report showed the U.S. economy added 115,000 jobs last month, compared with the economists' estimates for a rise of 62,000.
* Nonfarm payrolls increase 115,000 in April, above expectations for a 62,000 gain. * The number of part-time workers rises 445,000 to 4.9 million. * Unemployment rate unchanged at 4.3% as people drop out of the labor force. By Lucia Mutikani.
The U.S. labor market added 115,000 nonfarm payrolls last month, blowing past economist forecasts for 62,000, the Bureau of Labor Statistics reported Friday. The print marks a slight deceleration from the prior month?s upwardly revised 185,000 gain. The unemployment rate held at 4.3%, unchanged from the previous reading and in line with the 4.3% consensus.
U.S. stock index futures extended gains on Friday after a stronger-than-expected jobs report signaled resilience in the labor market and eased concerns about a slowdown in the U.S. economy. A Labor Department report showed the U.S. economy added 115,000 jobs last month, compared with the economists' estimates for a rise of 62,000.
* Canada's unemployment rate climbs to 6.9% in April. * Economy lost a net 17,700 jobs last month, StatsCan says. * Average hourly wages of permanent employees grew 4.8% * Participation rate at 65% in April as population ages. By Promit Mukherjee.
The US dollar rose against its major trading partners early Friday ahead of the release of the April employment report at 8:30 am ET. Nonfarm payrolls are expected to rise by 65,000 after a 178,000-job gain in March, while the unemployment rate is forecast to remain at 4.3%, and hourly earnings are expected to rise by 0.3% after a 0.2% gain.
Mayor Karen Bass introduced a multi-year comprehensive plan, saying it is a first for a city that for too long had a fragmented approach to infrastructure.
The benchmark US stock measures were pointing higher before the open Friday as investors weigh renewed tensions in the Strait of Hormuz and await a key employment report for April. The S&P 500 rose 0.4%, the Dow Jones Industrial Average increased 0.2% and the Nasdaq added 0.6% in premarket activity.
Federal Reserve Governor Stephen Miran said on Friday that he hopes current central bank Chair Jerome Powell will stay on as a governor only for a short period of time. "Transitions are important," Miran said on Fox Business Network's program 'Mornings with Maria'.
Federal Reserve Governor Stephen Miran said on Friday that he hopes current central bank Chair Jerome Powell will only stay on as a governor for a short period of time. "Transitions are important," Miran said on Fox Business Network's program 'Mornings with Maria'.
Commerzbank in its "European Sunrise" note of Friday highlighted: Markets: United States Treasuries stabilize, equity futures recover in Asia after volatility from the Strait of Hormuz news. Fed: Minneapolis Federal Reserve President Neel Kashkari is uncertain about the next step, may "need to be up" if SoH is closed for an extended period.
* CPI, PPI, retail sales highlight US economic data. * Strong Q1 earnings season fuels rally; Cisco (CSCO), Applied
Materials (AMAT) due in week ahead. * Trump-Xi meeting set for end of week. By Lewis Krauskopf.
Japan is wagering that a hawkish shift at the Bank of Japan and an endorsement from U.S. Treasury Secretary Scott Bessent can give yen-buying intervention extra bite and help slow the embattled currency's slide.
* Exports up 0.5% vs forecast for 1.7% fall. * Trade surplus narrows to 14.3 billion euros. By Miranda Murray. German exports rose unexpectedly in March, official data showed on Friday, lifted by higher demand from Europe, as industrial output fell despite a forecast rise, dampened by a drop in energy production.
German industrial production fell unexpectedly in March, decreasing by 0.7% from the previous month, the federal statistics office said on Friday. Analysts polled by Reuters had predicted a 0.5% rise. The office offers more detailed data on its website.
U.S. job growth likely slowed in April as the boost from warmer weather and return of striking health workers faded, but that would not signal a material change in labor market conditions, with the unemployment rate expected to have held steady at 4.3%. The Labor Department's closely watched employment report on Friday is also projected to show wage growth picking up last month, which would fur...
* Nonfarm payrolls forecast increasing 62,000 in April. * Anticipated slowdown largely reflects fading boost from warmer weather and return of striking workers. * Unemployment rate likely held steady at 4.3%, but could round down to 4.2% By Lucia Mutikani.
Scorpio Tankers Inc. (STNG) announced today that it priced a private offering of $200.0 million aggregate principal amount of additional 1.75% convertible senior notes due 2031.
Esentia Energy Development, S.A.B. de C.V., today announced the pricing of U.S.$1,000,000,000.00 aggregate principal amount of its 6.125% Senior Notes due 2033 and U.S$1,000,000,000.00 aggregate principal amount of its 6.500% Senior Notes due 2038 to be issued by the Company in a private offering to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as...
Japan's service activity grew at its slowest pace in 11 months in April, as uncertainty and rising costs from the war in the Middle East weighed on sentiment, a private-sector survey showed on Friday. -- The final S&P Global Japan Services Purchasing Managers' Index slipped to 51.0 in April from 53.4 in March, the slowest growth since May last year.
Japan's real wages rose 1% in March from a year earlier, government data showed on Friday, in a third straight month?of gains that bolster the case for the Bank of Japan to raise interest rates at its next policy meeting in June. -- The data highlight?solid growth in Japanese wages, as March's spring wage negotiations resulted in?hikes of above 5% for a third consecutive year.
Japan's real wages rose 1% in March from a year earlier, government data showed on Friday, in a third straight month of gains that bolster the case for the Bank of Japan to raise interest rates at its next policy meeting in June. * The data highlight solid growth in Japanese wages, as March's spring wage negotiations resulted in hikes of above 5% for a third consecutive year.
Monster Beverage (MNST) beat Wall Street expectations for first-quarter revenue and profit on Thursday, as demand for energy drinks remained strong despite broader economic uncertainty. Health-conscious customers have been increasingly choosing energy and sugar-free drinks over regular sodas, with demand holding firm even as inflation squeezes household budgets.
Federal Reserve Bank of New York President John Williams said on Thursday that demand for U.S. government debt remains robust despite high levels of borrowing. The Fed is watching the very high level of government borrowing "very carefully," Williams said at an event in Newburgh, New York.
Federal Reserve Bank of New York President John Williams said on Thursday that demand for U.S. government debt remains robust despite high levels of borrowing. The Fed is watching the very high level of government borrowing "very carefully," Williams said in an event in Newburgh, New York.
Munis and U.S. Treasuries have been more reactive to geopolitical news than to economic data that traditionally moves the market, according to MMA's Kevin McGuigan.
HA Sustainable Infrastructure Capital, Inc. (HASI), a leading investor in sustainable infrastructure assets, and KKR, a leading global investment firm, today announced that CarbonCount Holdings 1 LLC, a co-investment vehicle between HASI and KKR, has issued $508 million in aggregate principal amount of senior unsecured notes in a private offering.
Scorpio Tankers Inc. (STNG) announced today its intention to offer $150.0 million aggregate principal amount of additional 1.75% 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, subject to market conditions and other factors.
Financial stocks fell in late Thursday afternoon trading with the NYSE Financial Index down 0.7% and the State Street Financial Select Sector SPDR ETF shedding 0.6%. The Philadelphia Housing Index dropped 1.4%, and the State Street Real Estate Select Sector SPDR ETF declined 0.7%. Bitcoin fell 1.8% to $79,934, and the yield for 10-year US Treasuries rose 3.6 basis points to 4.39%. In economic n...
* Cleveland Fed chief says policy stance should stay neutral due to uncertainty. * Hammack voices concern about 'inflationary mindset' becoming entrenched among businesses, consumers. * Hammack dissented against Fed keeping language implying next move would be a rate cut. By Michael S. Derby.
Financial stocks fell in late Thursday afternoon trading with the NYSE Financial Index down 0.7% and the State Street Financial Select Sector SPDR ETF shedding 0.6%. The Philadelphia Housing Index dropped 1.4%, and the State Street Real Estate Select Sector SPDR ETF declined 0.7%. Bitcoin fell 1.8% to $79,934, and the yield for 10-year US Treasuries rose 3.6 basis points to 4.39%. In corporate ...
The Bank of Mexico cut its benchmark interest rate in a split decision on Thursday and said it was ending an over two-year-long easing cycle as it balances concerns over above-target inflation with pressure to revive Mexico's slowing economy.
Company Offers Competitive Interest Rates, No Origination Fees, and Multiple Repayment Options Ahead of Changes to Federal Student Loan Program Expanded Access to Graduate and Law Loans Follow Recent Enhancements to Medical School and Dental School Financing Options NEWARK, Del.
The Bank of Mexico on Thursday cut its benchmark interest rate by 25 basis points to 6.50%, noting that the decision concludes a rate easing cycle that began in 2024.
Argentina's industrial output grew 5.0% in March compared to the same month last year in non-seasonally adjusted terms, data from national statistics agency INDEC showed on Thursday. March industrial output in South America's second-largest economy rose after eight consecutive months of declines, according to the INDEC data.
European Central Bank board member Isabel Schnabel said on Thursday that there appeared to be a disconnect between record stock market valuations and the risks facing the global economy. "There really seems to be a kind of disconnect," she said at an event at the London School of Economics.
Federal Reserve Bank of Cleveland President Beth Hammack said on Thursday that she hears concerns from businesses that an inflationary mindset is starting to become entrenched and needs to keep an open mind about the Fed's next policy move.
Federal Reserve Bank of Cleveland President Beth Hammack said on Thursday that she hears concerns from businesses that an inflationary mindset is starting to become entrenched and needs to keep an open mind about the Fed's next policy move.
US nonfarm payrolls are expected to rise by only 65,000 in April after a 178,000-jobs gain in March, based on a survey compiled by Bloomberg, while the unemployment rate is expected to remain at 4.3%. The April employment report is due to be released at 8:30 am ET Friday.
* Yields climb as oil rebounds after WSJ report. * Fed officials say inflation risks may delay rate cuts. * Initial jobless claims rise, but below expectations. By Chuck Mikolajczak.
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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