The U.S. Federal Reserve said on Tuesday it will publish the results of its annual big bank stress tests on June 24. The central bank conducts the test each year to examine?how large banks would perform against a hypothetical economic downturn and market strains.
The U.S. Federal Reserve said on Tuesday it will publish the results of its annual big bank stress tests on June 24. This year's stress test subjected 32 large banks to a severe global recession scenario that included heightened stress across commercial and residential real estate, as well as corporate debt markets, the Fed said in a statement.
* U.S. equity indexes decline with Nasdaq leading losses. * Tech stocks tumble, defensive sectors find favor. * Dollar pares losses, U.S. Treasury yields slip. * Oil prices fall with Middle East outlook unclear. * EIA flags demand drop. By Sin?ad Carew and Amanda Cooper.
* Loonie touches its weakest since December 4 at 1.3969. * Trade surplus widens to C$2.72 billion. * Price of oil settles 3.4% lower. * Canadian bond yields ease across the curve. By Fergal Smith. The Canadian dollar steadied near its lowest level this year against the U.S. dollar after data showed that Canada's trade surplus widened in April and ahead of a Bank of Canada interest rate decision.
Argentina's industrial output fell 2.8% in April compared to the same month last year in non-seasonally adjusted terms, data from national statistics agency INDEC showed on Tuesday.
* US May CPI data due on Wednesday. * Traders see about 68% chance of US rate hike in December. * Oil falls after Iran, Israel halt strikes on each other. By Anushree Mukherjee.
The U.S. trade deficit narrowed in April as exports of petroleum products and capital goods jumped to record highs, a trend that if sustained, will put trade on course to contribute to economic growth in the second quarter.
Amazon (AMZN) has issued C$14 billion of Canadian dollar-denominated notes, a final pricing term sheet filed with the SEC on Monday showed, marking a record size for the Canadian corporate bond market. The previous record size of C$8.5 billion was set by Google-parent Alphabet last month.
Amazon (AMZN) has issued C$14 billion of Canadian dollar-denominated notes, a final pricing term sheet filed with the SEC on Monday showed, marking a record size for the Canadian corporate bond market. The previous record size of C$8.5 billion was set by Google-parent Alphabet last month.
The U.S. Food and Drug Administration on Tuesday said it added bemotrizinol to its list of permitted active ingredients, marking the first new UV filter to be cleared for over-the-counter sunscreens since the late 1990s. * Bemotrizinol helps protect against both ultraviolet A and B rays and has low levels of absorption through the skin into the body, the FDA said.
* US May CPI data due on Wednesday. * Traders see about 70% chance of US rate hike in December. * Oil falls after Iran, Israel halt strikes on each other. By Anushree Mukherjee. Gold prices fell on Tuesday, tracking a broader market sell-off and pressured by rising expectations of a U.S. interest rate hike this year, while investor focus turned to key inflation data due later this week.
* TSX up 0.6% * BoC rate decision awaited. By Tharuniyaa Lakshmi. Canada's main stock index rose on Tuesday as easing Middle East tensions lifted global sentiment, ahead of the Bank of Canada's rate decision this week. At 10:09 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 0.6% at 34,717.89 points.
* Traders await CPI data for signs of persistent inflation pressures. * Fed funds futures price in 68% chance of rate hike by December. * Treasury auctions this week test investor demand amid fiscal concerns. By Karen Brettell. U.S. Treasury yields edged lower on Tuesday as traders awaited key consumer price inflation data for signs of whether price pressures are continuing to build.
U.S. existing home sales increased more than expected in May, though rising mortgage rates and still-tight inventory remain a challenge for the housing market. Home sales jumped 3.2% last month to a seasonally adjusted annual rate of 4.170 million units, the National Association of Realtors said on Tuesday.
U.S. existing home sales increased more than expected in May, though rising mortgage rates and still-tight inventory remain a challenge for the housing market. Home sales jumped 3.2% last month to a seasonally adjusted annual rate of 4.170 million units, the National Association of Realtors said on Tuesday.
* Trade gap with China shrank as exports and imports declined. * Imports rose on strong demand for capital goods, especially AI-related equipment. * Services exports dipped, mainly due to weaker travel and transport. By Lucia Mutikani.
* Oil falls after Iran, Israel halt strikes on each other. * US May CPI data due on Wednesday. * Traders see about 70% chance of US rate hike in December. By Anushree Mukherjee.
The U.S. trade deficit narrowed in April as exports of petroleum products and capital goods jumped to record highs, a trend that if sustained, will put trade on course to contribute to economic growth in the second quarter.
The U.S. trade deficit narrowed in April as exports jumped to a record high, a trend that if sustained, puts trade on course to contribute to economic growth this quarter. The trade gap contracted 1.2% to $55.9 billion, the Commerce Department's Bureau of Economic Analysis and Census Bureau said on Tuesday.
Canada's goods trade surplus in April jumped by 55% to a 15-month high of C$2.72 billion, in part because the Iran war has pushed up the price of crude, Statistics Canada said on Tuesday. Analysts polled by Reuters had forecast a surplus of C$2.57 billion. Total exports increased 1.6% in April to reach a record high of C$75.16 billion.
* Iran, Israel halt strikes on each other. * US May Consumer Price Index due on Wednesday. * Traders see over 68% chance of US rate hike by December. By Noel John. Gold edged higher on Tuesday supported by lower oil prices as tensions eased in the Middle East, but concerns about U.S. interest rate hikes ahead of key inflation data this week capped gains.
* Dollar eases after Iran and Israel halt strikes on each other. * Rate divergence back in focus after Friday's strong U.S. data. * Euro/dollar also supported by expectations of hawkish ECB. * Yen remains in intervention territory near 160 per dollar. By Stefano Rebaudo.
The U.S. Federal Reserve will hold its key interest rate for the rest of 2026, according to a strong majority of economists in a Reuters poll, the first clear consensus on that view this year as war-driven inflation proves more persistent than expected. Interest rate futures have gone a step further, pricing in at least one rate hike by end-2026.
Persistent weakness in the yen and an expected hawkish shift for the Federal Reserve after a hot jobs report in the U.S. are expected to add pressure on the Bank of Japan to accelerate interest-rate increases.
Persistent weakness in the yen and an expected hawkish shift for the Federal Reserve after a hot jobs report in the U.S. are expected to add pressure on the Bank of Japan to accelerate interest-rate increases.
* Sterling rises on softer dollar and improved risk appetite. * Pound rebounds from Monday low; hits two-week high versus euro. * Focus shifts to UK outlook and GDP data. By Stefano Rebaudo. Sterling rose against the dollar and hit a two-week high versus the euro on Tuesday as risk appetite improved and the U.S. currency eased on hopes for a Middle East peace deal.
* China's export growth accelerates in May. * Hungary's inflation fell in May. * South Africa's first-quarter GDP due later in the day. By Avinash P. The Indonesian rupiah strengthened after the nation's central bank surprised markets with a rate hike to try to support the falling currency, while equities recorded their biggest one-day gain in over six years.
* Iran, Israel halt strikes on each other. * U.S. May Consumer Price Index due on Wednesday. * Traders see over 70% chance of US rate hike in December. By Noel John. Gold held steady on Tuesday, as support from lower oil prices due to easing Middle East tensions was offset by concerns about U.S. interest rate hikes, ahead of key inflation data this week.
* Dollar eases after Iran and Israel halt strikes on each other. * Rate divergence back in focus after Friday's strong U.S. data. * Yen remains in intervention territory near 160 per dollar. By Stefano Rebaudo.
The Indonesian rupiah firmed after the central bank unexpectedly raised
interest rates on Tuesday, a week ahead of its scheduled policy meeting, as it sought to put a
floor under the free-falling ...
* First monthly production rise since Iran war, but 'too little' * Exports rise 0.9%, forecasts had seen 0.5% decrease. * Exports to the U.S. up 1.8% on March, down 12.9% year-on-year. By Maria Martinez. June 9 - German industrial production rose less than expected in April and economists said the outlook for Europe's largest economy remains weak, despite an unexpected increase in exports.
Japanese government bonds rallied on Tuesday, reversing earlier declines, following a report that the central bank will consider pausing a reduction in its regular debt purchases next year. Here are a few details: * The benchmark 10-year JGB yield fell 5 basis points to 2.665%, after earlier reaching 2.74%, the highest since May 22.
German industrial production rose in April by 0.4% compared to the previous month, the federal statistics office said on Tuesday. Analysts polled by Reuters had predicted a 0.5% rise. The office offers more detailed data on its website.
* Gulf ceasefire largely holds. * Dollar strength eases, yen remains in danger zone. * U.S. CPI eyed for clues on Fed rate path. By Jiaxing Li. The U.S. dollar retreated from a two-month high on Tuesday, giving up earlier gains against its peers as Middle East hostilities ebbed, but moves were limited as investors positioned for rate hikes in the U.S. and Europe.
The Bank of Japan will consider maintaining the current pace of bond purchases beyond next fiscal year, sources said, pausing a taper process that would mark a turning point in its quantitative tightening plan.
* BOJ to review taper plan, lay out new one beyond fiscal 2027. * Board split between advocates of pause, steady normalisation. * Runoff of maturing JGBs will keep reducing BOJ's bond holdings. * BOJ to announce decision after two-day meeting ending June 16. By Leika Kihara and Takahiko Wada.
* Israel and Iran to halt attacks on each other. * Goldman Sachs expects next Fed rate cut in 2027. * U.S. May Consumer Price Index due on Wednesday. By Pablo Sinha.
* Shipments of cars, tech products soar. * Factory PMI shows sharp drop in new export orders after April's peak. * Beijing faces calls to boost domestic consumption, cut reliance on exports. By Joe Cash.
Japanese government bond yields rose on Tuesday as investors extended a recent selloff across most tenors ahead of an expected rate hike by the central bank. Here are a few details: * The benchmark 10-year JGB yield climbed 2.5 basis points to 2.740%, putting it on track for its highest close since May 22.
* Dollar strength persists, yen in danger zone. * Gulf ceasefire doubts loom as Tehran threatens new strikes. * U.S. CPI eyed for clues on Fed rate path. By Jiaxing Li. The U.S. dollar held near a two-month high on Tuesday, firming against most major peers as Middle East uncertainty curbed risk appetite and traders ramped up bets on a Federal Reserve rate hike later this year.
Gold prices eased for a third straight
session on Tuesday, weighed down by rising Treasury yields,
while the Middle East conflict kept concerns around inflation
and rate hikes elevated.
Global ratings agency S&P said on Monday it had downgraded JetBlue Airways (JBLU) to "CCC+" from "B-," pushing the carrier further into junk territory as high jet fuel costs hamper its recovery. The low-cost carrier has been trying to restore profitability through cost cuts, network changes and efforts to improve operational reliability, but higher fuel prices have complicated its turnaround plans.
Foreign investors increased purchases of two- and five-year U.S. Treasury notes while slightly reducing demand for seven-year debt at an auction earlier this month, amid signs of tensions in the Middle East easing, U.S. Treasury Department data released on Monday showed.
Global ratings agency S&P said on Monday it had downgraded JetBlue Airways (JBLU) to "CCC+" from "B-," pushing the carrier further into junk territory as high jet fuel costs hamper its recovery.
* Stronger jobs data boosts Fed rate hike expectations. * Futures show 70% rate hike chance by December. * Core consumer prices expected to accelerate annually. By Karen Brettell.
* Trump says Israel and Iran 'looking to do an immediate ceasefire' * US economy added 172,000 jobs last month, says report. * Gold hit a session low of $4,268.39. * US CPI data due on Wednesday, US PPI data due on Thursday. By Anushree Mukherjee.
* Trump says Israel and Iran 'looking to do an immediate ceasefire' * US economy added 172,000 jobs last month, says report. * Gold hit a session low of $4,268.39. * US CPI data due on Wednesday, US PPI data due on Thursday. By Anushree Mukherjee.
The U.S. public's inflation outlook was little changed in May despite the strong upward pressure on prices resulting from the war in the Middle East, a survey released by the New York Federal Reserve showed on Monday. Inflation a year from now was expected to be 3.5% versus 3.6% in April, while respondents saw inflation three years and five years from now at 3.1% and 3.0%, respectively.
U.S. Treasury yields were mixed on Monday, with two-year yields pulling back from a 15-month high reached on Friday after a stronger-than-expected jobs report bolstered bets that the Federal Reserve will raise interest rates later this year.
China's car sales extended a downturn in May that has become a stress test for foreign automakers led by Volkswagen, which is trying to revive its China business through locally developed electric vehicles. Sales dropped 22.3% from a year earlier to 1.53 million vehicles last month, marking an eighth consecutive month of decline, data from the China Passenger Car Association showed on Monday.
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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