Bitcoin and Nasdaq have rallied sharply, but U.S. consumer sentiment has fallen to historic lows, highlighting a widening Wall Street?Main Street divide.
Alphabet, the parent company of Google, is considering selling Japanese yen bonds, according to a bookrunner's message seen by Reuters. A deal could consist of a senior unsecured bond and would be subject to market conditions, the message said.
Euro zone yields rose on Monday after U.S. President Donald Trump's swift rejection of Iran's response to a U.S. peace proposal sent oil prices surging and underscored worries that inflation will force meaningful rate hikes from the European Central Bank.
BofA Global Research and Goldman Sachs (GS) are the latest brokerages to revise their U.S. Federal Reserve rate calls to later dates, citing elevated inflation due to high energy prices and growing strength in the labor market.
The European Central Bank will need to adjust interest rates soon if the inflationary outlook does not significantly improve, ECB governing council member Martin Kocher was quoted as saying on Monday. Speaking to Switzerland's Neue Zuercher Zeitung newspaper, Kocher said it did not make sense to anticipate the ECB's next rate move weeks before its next monetary policy decision.
* Producer price index highest since July 2022 on commodity price gains. * Consumer prices rise 1.2% y/y as gasoline and gold jewellery prices surge. * Inflation unlikely to lead to policy moves, analysts say. By Yukun Zhang and Liz Lee.
Japan's Nikkei share average touched a record high early on Monday before erasing gains as the Middle East crisis outweighed optimism over corporate earnings and technology investment. The benchmark Nikkei 225 Index edged 0.1% lower to 62,666.57, after jumping to an all-time high of 63,385.04 earlier in the session.
China's producer prices rose for a second straight month in April and hit a 45-month high, official data showed on Monday, indicating that global energy price shocks stemming from the Middle East war continued to drive up costs for manufacturers.
The Bank of Japan said on Monday it appointed Kazuhiro Masaki, a veteran career central banker with expertise on monetary policy, as executive director overseeing its international affairs. Masaki, who has extensive experience drafting monetary policy, assumed the position on Saturday. He succeeded Seiichi Shimizu, who would stay on as special adviser at the central bank until May 21.
China's export growth gathered pace in April as factories raced to meet a wave of orders from AI-related industries and other buyers seeking to stockpile components amid fears the Iran war could push global input costs even higher.
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.
* 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.
The initiative sought to amend Switzerland's constitution, requiring the Swiss National Bank (SNB) to hold BTC alongside gold and foreign-currency reserves.
China's export growth gathered pace in April as factories raced to meet a wave of orders from AI-related industries and other buyers seeking to stockpile components amid fears the Iran war could push global input costs even higher.
China's export growth gathered pace in April as factories raced to meet a wave of orders from AI-related industries and other buyers seeking to stockpile components amid fears the Iran war could push global input costs even higher.
China's export growth gathered pace in April as factories raced to meet a wave of overseas orders from buyers seeking to stockpile components amid fears the Iran war could push global input costs even higher. Exports expanded 14.1% from a year earlier in U.S. dollar value terms, customs data showed on Saturday, outpacing the 2.5% gain in March and a 7.9% rise tipped by economists.
A softer Canadian jobs report today saw the unemployment rate up to 6.9% and resulted in a rates rally and curve steepening, RBC Capital Markets said in its latest CAD Weekly Soundbites note. Canadian data also reinforced the Canadian dollar's underperformance versus its G10 commodity and higher-yielding peers over the past month, RBC said.
* US job growth beats expectations, S&P, Nasdaq hit records. * Intel shares surge on Apple (AAPL) deal report. * Brent hovers near $100/barrel on renewed Mideast hostilities. * U.S. consumer sentiment slumps. By Lawrence Delevingne and Samuel Indyk.
"The rates market has started to turn from the upper end of the trading range this week," Barclays (BCS) strategists wrote, but with the war with Iran still driving the market, nothing is certain.
The ongoing war with Iran and its shock to oil prices and supplies have rocketed to the top of the list of concerns for financial stability, according to a semi-annual Federal Reserve report released on Friday.
US equity indexes ended higher on Friday, with the technology sector posting big gains and positive employment data amid reports that the US struck Iranian tankers while awaiting a response to its peace proposal. * The US expects a response from Iran on a proposal to end the war on Friday, Secretary of State Marco Rubio said, adding he hopes "it's a serious offer," CNN reported.
* Fed report highlights inflation, growth risks from prolonged Middle East conflict and oil shock. * AI, private credit flagged as emerging financial stability concerns by survey respondents. * Fed says private credit risks are currently manageable, but warns of potential credit tightening. By Pete Schroeder.
Financial stocks were lower late Friday afternoon, with the NYSE Financial Index decreasing 0.1% and the State Street Financial Select Sector SPDR ETF shedding 0.5%. The Philadelphia Housing Index was up 0.1%, and the State Street Real Estate Select Sector SPDR ETF added 0.4%. Bitcoin rose 0.1% to $80,056, and the yield for 10-year US Treasuries lost 2.8 basis points to 4.36%. In economic news,...
Financial stocks were lower late Friday afternoon, with the NYSE Financial Index decreasing 0.1% and the State Street Financial Select Sector SPDR ETF shedding 0.5%. The Philadelphia Housing Index was up 0.1, and the State Street Real Estate Select Sector SPDR ETF added 0.4%. Bitcoin rose 0.1% to $80,056, and the yield for 10-year US Treasuries lost 2.8 basis points to 4.36%. In corporate news,...
KBRA assigns a long-term rating of AA+ to the Harris County Hospital District's, TX Series 2026, Limited Tax and Refunding Bonds. 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.
U.S. job growth topped expectations for a second straight month in April - and by a hefty margin - while the unemployment rate held steady, showing the labor market is resilient in the face of the U.S.-Israeli war on Iran and the inflation pressures it has created. But looking beyond that headline figure, the job market is far from booming.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the life/health insurance subsidiaries of Prudential Financial, Inc. [NYSE: PRU], collectively referred to as Prudential.
The National Association of Realtors' measure of US existing-home sales is expected to accelerate to a 4.05 million annual rate in April, based on a survey compiled by Bloomberg, after falling by 3.6% to a 3.98 million rate in March. Existing-home sales were at a 4.02 million rate in April 2025, so the year-over-year change would be slightly positive.
The April employment report was mixed, with payrolls growth stronger than expected the unemployment rate unchanged, and hourly earnings growth slower than expected. Nonfarm payrolls rose by 115,000 in April after an upwardly-revised 185,000 gain in March and a downwardly revised 156,000 decline in February.
* US job growth beats expectations, S&P, Nasdaq hit records. * Intel shares surge on Apple (AAPL) deal report. * Brent hovers near $100/barrel on renewed Mideast hostilities. * U.S. consumer sentiment slumps. By Lawrence Delevingne and Samuel Indyk.
US benchmark equity indexes were higher intraday as traders parsed the latest jobs report, while oil prices climbed amid renewed tensions in the Strait of Hormuz.
Financial stocks were lower Friday afternoon, with the NYSE Financial Index decreasing 0.2% and the State Street Financial Select Sector SPDR ETF shedding 0.5%. The Philadelphia Housing Index rose 0.3%, and the State Street Real Estate Select Sector SPDR ETF added 0.5%. Bitcoin eased 0.1% at $79,953, and the yield for 10-year US Treasuries was down 2.6 basis points to about 4.37%. In economic n...
Application complements Kraken Financial, the first digital asset bank to hold a Federal Reserve master account Payward, Inc., a unified financial infrastructure platform advancing an open, global financial system, has filed an application with the Office of the Comptroller of the Currency for a national trust company charter.
Financial stocks were lower Friday afternoon, with the NYSE Financial Index decreasing 0.2% and the State Street Financial Select Sector SPDR ETF shedding 0.6%. The Philadelphia Housing Index rose 0.3%, and the State Street Real Estate Select Sector SPDR ETF added 0.5%. Bitcoin eased 0.1% at $79,953, and the yield for 10-year US Treasuries was shedding 2.6 basis points to nearly 4.37%. In corpo...
Manufacturing Shipments data due out next Friday "should look reasonably healthy" for March, but will look weaker in volume terms, says CIBC's Avery Shenfeld. Existing Home Sales on Thursday and Housing Starts on Friday, both for Aprii, won't alter the picture of a sector that's been "a drag on growth" in the past year, Shenfeld adds.
PPL Corp (PPL) on Friday underscored rising data-center power demand, citing a strong pipeline of requests and future load growth, as it narrowly beat first-quarter profit estimates, helped by higher retail rates in Kentucky. U.S. electricity demand hit record levels in 2025 and is expected to accelerate further as Big Tech firms ramp up power usage at fast-growing data centers.
US consumer sentiment continued to fall in May as cost pressures tied to the Middle East conflict sent the measure tumbling to all-time lows, University of Michigan's preliminary survey showed Friday. The main sentiment index dropped to 48.2 in May from April's 49.8, which itself was a record low figure.
Nearly 21% of muni volume traded electronically in the first quarter, up from the previous quarter and surpassing the previous record set in the fourth quarter of 2023, according to a Coalition Greenwich report by Kevin McPartland and Neha Jain.
Fitch: * FITCH UPGRADES GHANA TO 'B'; OUTLOOK POSITIVE. * FITCH: GHANA'S ACCOUNT SURPLUS WILL REMAIN STRONG IN 2026. * FITCH: EXPECT GHANA'S REAL GDP GROWTH WILL REMAIN SOLID THROUGH 2027. * FITCH: UPGRADE ON GHANA RATINGS REFLECTS SHARP FALL IN PUBLIC DEBT/GDP, SUPPORTED BY REAL GDP GROWTH.
* US job growth beats expectations, S&P gains 0.8% * Brent hovers near $100/barrel on renewed Mideast hostilities. * U.S. consumer sentiment slumps. By Lawrence Delevingne and Samuel Indyk. Global equities were mixed on Friday as new U.S. data showed domestic job growth, although consumer sentiment fell and oil prices remained elevated on continued fighting near the Strait of Hormuz.
* Canadian dollar falls 0.2% against the greenback. * Touches its weakest level since April 29 at 1.3710. * Canada's economy sheds 17,700 jobs in April. * Bond yields ease across a steeper curve. By Fergal Smith.
Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday that April hiring data shows more stability in the employment sector amid worrisome developments on the inflation front. The job market has been "stable without being good" and "I still think there's not a lot of evidence that the job market is falling apart," the official said in a CNBC interview.
Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday that April hiring data shows more stability in the employment sector amid worrisome developments on the inflation front. The job market has been "stable without being good" and "I still think there's not a lot of evidence that the job market is falling apart," the official said in a CNBC interview.
Goldman Sachs reported a decline in its private credit fund's value for the first quarter, as it saw an increase in unrealized losses and mark-downs in its portfolio, the fund said Friday.
Goldman Sachs (GS) reported a decline in its private credit fund's value for the first quarter, as it saw an increase in unrealized losses and mark-downs in its portfolio, the fund said Friday.
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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