* Supreme Court thwarts Trump effort to fire Fed Governor Lisa Cook. * Cook says victory affirms central bank's independence. * Trump claims he will continue to fight to fire Cook. By Michael S. Derby. Federal Reserve Governor Lisa Cook said the U.S. Supreme Court's decision on Monday to block President Donald Trump's attempted firing of her defended the central bank's independence.
Gold prices eased on Monday on rising Treasury yields even as the dollar weakened. Gold for August delivery was last seen down 1.3% to $4,058.50. Despite the drop, the price of the precious metal is sticking above the seven-month low touched on Thursday that followed a report of yet another monthly rise in U.S. inflation, pushing the dollar higher on expectations higher interest rates are coming.
* US Supreme Court blocks Trump's effort to fire Cook from board seat. * Legal case is key to future presidential influence over Fed. * Warsh to join ECB, BOE and Bank of Canada leaders at conference in Portugal. By Howard Schneider.
Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index fractionally higher and the State Street Financial Select Sector SPDR ETF adding 0.4%. The Philadelphia Housing Index was shedding 0.6%, and the State Street Real Estate Select Sector SPDR ETF was falling 1.5%. Bitcoin was increasing 1.2% to $60,184, and the yield for 10-year US Treasuries was slightly hi...
NIKKEI: * HONDA EYES $2.5BN IN EUROBONDS TO FUND PAYMENTS TO PARTS MAKERS - NIKKEI. * HONDA CONSIDERING FLOATING 3 BONDS WITH MATURITIES OF 3, 6 AND 10 YEARS - NIKKEI Further company coverage:
Intercontinental Exchange (ICE) said Monday it plans to launch economic indicator futures contracts tied to global monetary policy decisions and US natural gas storage reports. The cash-settled contracts are scheduled to debut on Aug. 10, subject to regulatory approvals, the company said.
Emerging as a Regional Model for Integrated Destination Development. MUSCAT, Oman?, June 29, 2026 ?Al Mouj Muscat, Oman's flagship integrated tourism destination, has unveiled the findings of an independent impact study showing it has contributed approximately USD 2.3 billion to the Sultanate's GDP over the past two decades.
Honda Motor (HMC) is considering issuing euro-denominated bonds that could fetch over 400 billion yen that will be used to compensate parts makers after the company reversed its electric vehicle strategy, Nikkei Asia reported Monday. Honda (HMC) didn't immediately reply to a request for comment from MT Newswires.
* US labor market data due later this week. * Yield on 2-year note rises after four straight daily declines. By Chuck Mikolajczak. Shorter-dated U.S. Treasury yields were mostly higher on Monday, as crude prices rose following attacks between the U.S. and Iran over the weekend and ahead of a flurry of labor market data later this week. BENCHMARK YIELDS EDGE HIGHER.
Federal Reserve Governor Lisa Cook said the U.S. Supreme Court's decision on Monday to block President Donald Trump's attempted firing of her defended the central bank's independence. The 5-4 ruling by the nation's highest court "recognizes that Federal Reserve independence is essential to fulfilling the congressional mandate of price stability and maximum employment," Cook said in a statement.
Federal Reserve Governor Lisa Cook said following a Supreme Court decision on Monday that thwarted her attempted firing by President Donald Trump that the ruling defends central bank independence.
Federal Reserve Governor Lisa Cook was the first U.S. central banker to be targeted for firing by any president. The daughter of a nursing professor mother and hospital chaplain father, Cook and her sisters were among the first Black students to desegregate the schools they attended in rural Milledgeville, Georgia.
* Supreme Court rejects Trump's attempt to fire Cook. * Trump was first president to try to fire a Fed official. * Biden appointee Cook was Fed's first Black female governor. * Trump appointee made unproven mortgage fraud allegations. * Cook has emerged as a hawkish voice at the central bank. By Ann Saphir.
The U.S. Supreme Court refused on Monday to let Donald Trump fire Federal Reserve Governor Lisa Cook as it stood firm to preserve the central bank's cherished independence against an unprecedented challenge by the Republican president. The court, in a 5-4 ruling, blocked Trump's bid to become the first president to remove a Fed official since Congress created the central bank in 1913.
The U.S. Supreme Court refused on Monday to let Donald Trump fire Federal Reserve Governor Lisa Cook as it stood firm to preserve the central bank's cherished independence against an unprecedented challenge by the Republican president. The court, in a 5-4 ruling, blocked Trump's bid to become the first president to remove a Fed official since Congress created the central bank in 1913.
Statistics Canada's preliminary estimate for May GDP is expected to show another monthly gain after an advance estimate pointed to 0.4% month-over-month growth in April, Scotiabank said in a note. "As for May's preliminary estimate, I'm tracking another gain based on more limited readings.
Issuance is on pace for another year of record supply even as factors driving credit spreads change, Center for Municipal Finance Director Justin Marlowe said.
* Treasury data showed total spending reached 19.6% of GDP in the 12 months through May. * May's primary deficit rose 26.3% from a year earlier to 53.257 billion reais. * Pensions drove spending growth, helped by backlog reduction efforts and a payment calendar effect. By Marcela Ayres.
Performance Shipping Inc. (PSHG) announced today that it has obtained approval to amend the terms of its 9.875% senior secured bonds, pursuant to the bond terms dated July 15, 2025,as amended.
The Museum of Modern Art's "preeminent" reputation has powered the New York City institution's finances. It may have boosted its municipal bond sale last week.
New contracts span global monetary policy decisions and U.S. natural gas storage reports Intercontinental Exchange, Inc. (ICE), one of the world's leading providers of financial market technology and data powering global capital markets, today announced the planned launch of its first economic indicator futures contracts tied to global monetary policy decisions and US natural gas storage reports.
* Bullion on track for a fourth consecutive monthly loss. * Iran, US agree to halt attacks and renew talks. * US ADP employment report and NFP data due this week. By Sumit Saha. Gold fell on Monday as recent hostilities in the Middle East fueled inflation concerns and added to expectations of U.S. Federal Reserve rate hikes.
Canada's economy might have "rebounded modestly" in the monthly gross domestic product release for April due out on Tuesday as the week's key data point, BMO Capital Markets said in a note. "After successive quarterly declines, the economy likely rebounded slightly in Q2," Senior Economist Sal Guatieri said in the note.
The Federal Home Loan Bank of Chicago today opened applications for its 2026 Community First? Developer Program, a grant initiative that helps organizations train and develop the next generation of affordable housing professionals across Illinois and Wisconsin. This press release features multimedia.
The U.S. economy and the U.S. stock market are starting to go their own ways. An eventful June featuring the launch of the record-busting SpaceX IPO and Federal Reserve chief Kevin Warsh's first meeting has been full of contradictions. U.S. economic data has been solid, led by continued job gains and?strong consumer spending, while sentiment is ticking up.
* US Supreme Court expected to rule on whether Fed Governor Cook keeps her board seat. * Legal case is key to future presidential influence over Fed. * Warsh to join ECB, BOE and Bank of Canada leaders at conference in Portugal. By Howard Schneider.
Federal Reserve Chairman Kevin Warsh's early leadership of the U.S. central bank faces a fresh test this week, with an appearance before a high-profile economic conference in Portugal coming just two days after the Supreme Court blocked President Donald Trump's effort to fire a Fed policymaker.
US equity investors will focus this week on the performance of Big-Tech shares amid nonfarm payrolls, Federal Reserve Chair Kevin Warsh's speech, and crude oil prices.
* MSCI EM equities headed for strongest quarter since 2009. * Bolivia will adopt a flexible exchange-rate system. * Hungary's 2026 deficit may top 7% of GDP, prime minister says. * Serbian assets in focus after Vucic offers early elections. By Ragini Mathur.
* Bullion on track for a fourth consecutive monthly loss. * Iran, US agree to halt attacks and renew talks. * US ADP employment report and NFP data due this week. By Sumit Saha. Gold fell on Monday as recent hostilities in the Gulf fueled inflation concerns that added to U.S. Federal Reserve rate-hike expectations, pressuring the non-yielding metal.
A wild first half of the year is almost over, with focus shifting to how central banks, especially the Federal Reserve, steer markets in the months ahead. The new Fed chief attends the European Central Bank's Sintra conference, while U.S. jobs numbers, euro zone inflation readings, British politics and tech are in focus.
* Dollar index on track for 2.5% jump in June. * Middle East tensions, US jobs data in focus. * Markets await ECB forum for policy signals. By Jiaxing Li. The U.S. dollar held firm on Monday, on track for its biggest monthly gain in nearly a year, as Gulf tensions and elevated Treasury yields underpinned demand ahead of key jobs data later in the week.
Japanese government bond yields rose on Monday as concerns over inflation intensified after local media reported the government may push the Bank of Japan to align its decisions with Prime Minister Sanae Takaichi's pro-growth economic agenda. Here are a few details: * The benchmark 10-year JGB yield rose 5 basis points to 2.645%. Yields move inversely to bond prices.
* Iran, U.S. agree to halt attacks and renew talks, Axios reports. * Iran launched strikes on U.S. military sites in Bahrain, Kuwait. * U.S. ADP employment and NFP data due this week. By Pablo Sinha. Gold prices eased on Monday as recent U.S.-Iran strikes in the Gulf pushed oil prices higher, while expectations of U.S. Federal Reserve interest rate hikes further weighed on the non-yielding metal.
* Dollar at one-year highs, keeps yen near intervention zone. * Oil prices rise on peace deal uncertainty. * U.S. rate-hike odds keep dollar supported. * Tech valuation worries linger. By Ankur Banerjee.
The dollar edged lower on Monday but remained near a 13-month high, supported by optimism over U.S. economic growth, the prospect of Federal Reserve interest rate hikes, and a continuing AI-driven boom in U.S. equity markets that has been drawing in capital at a rapid pace. The Japanese yen also weakened to its lowest levels against the U.S. currency since 1986.
China's central bank on Monday debuted overnight reverse repo operations, offering 300 billion yuan to financial institutions, according to an online statement. The People's Bank of China did not announce the borrowing cost for the overnight reverse repos. The PBOC also said it injected 157.5 billion yuan through seven-day reverse repos, with the rate unchanged at 1.4%, it said in the statement.
Gold prices slipped on Monday as renewed
U.S.-Iran hostilities pushed oil prices higher, while
expectations of U.S. Federal Reserve interest rate hikes further
weighed on the metal.
Sovereign wealth funds and central banks managing $29 trillion in assets are turning to energy assets, and raising concerns about the dollar, in a portfolio reassessment driven by unprecedented geopolitical shifts, according to an Invesco survey published on Monday.
* 61% of central banks say US debt hurts the dollar's long-term reserve role, Invesco found. * One-third plan to increase gold holdings as part of diversification, the survey found. * Some reviewing reliance on U.S.-based custodians, counterparties and clearing infrastructure. By Libby George.
* Payrolls data for June due on Thursday. * Swings in tech, semiconductor shares keep investors on edge. * Rate-hike bets in focus following hawkish Fed meeting. By Lewis Krauskopf.
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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