* Gold, silver set for biggest quarterly drop since 2013. * Silver set for sharpest monthly loss since September 2011. * Platinum set for worst month since 2008, quarter since Jan 2020. * US ADP employment and nonfarm payroll data due later this week. By Pablo Sinha.
Political pressure on the Bank of Japan to slow its interest rate hikes is growing amid a push by Sanae Takaichi's government to restore dovish policymakers to the bank, a shake-up that could change its long-term policy direction.
Absa Group Ltd: * VOLUNTARY TRADING UPDATE FOR THE SIX MONTHS ENDING 30 JUNE 2026. * EXPECTS REVENUE TO GROW BY LOW TO MID-SINGLE DIGITS IN 1H26. * EXPECTS HEADLINE EARNINGS TO GROW MID- TO HIGH SINGLE DIGITS IN 1H26. * OPERATING ENVIRONMENT REMAINS CHALLENGING AND UNCERTAIN. * MIDDLE EAST CONFLICT INCREASED GLOBAL INFLATION EXPECTATIONS AND DAMPENED GDP GROWTH.
* Ralph Lauren (RL) reported a 50% sales jump in China last quarter. * The company operates around 250 stores in China. * Analysts say shoppers shifted from top-tier luxury to brands offering stronger value. * Executives say China momentum reflects a multi-year brand overhaul, not a short-term rebound. By Casey Hall.
More of the world's central banks plan to cut dollar allocations than increase them in the coming decade as political risks associated with the U.S. currency rise, an OMFIF survey of public investors released on Tuesday showed. It is the first time the survey, carried out by the Official Monetary and Financial Institutions Forum, has found such a shift away from the dollar.
* Central banks are expected to decrease U.S. dollar holdings over next decade, survey shows. * Gold holdings by central banks have increased. * Two-thirds of central banks surveyed plan to increase AI integration. By Libby George.
* Gold, silver set for biggest quarterly drop since 2013. * Silver set for sharpest monthly loss since September 2011. * Platinum set for worst month since 2008, quarter since Jan 2020. * US ADP employment report and NFP data due later this week. By Pablo Sinha.
The unexpectedly rapid retreat in energy prices in the past week has further taken pressure off European Central Bank policymakers to lift interest rates next month but the case for a small hike later on remains firm, four sources told Reuters.
Copper drifted on Tuesday, as traders held back ahead of possible U.S. tariffs, while a firm dollar countered an expansion in China's factory activity. The benchmark three-month copper on the London Metal Exchange rose 0.37% to $13,327.50 a metric ton by 0326 GMT, while the most-traded copper contract on the Shanghai Futures Exchange slipped 0.10% to 102,520 yuan a ton.
China's central bank ramped up liquidity injections on Tuesday, doubling the amount of cash supplied through overnight reverse repos as seasonal month-end demand intensified. The People's Bank of China offered 600 billion yuan to financial institutions through the overnight reverse repos in open market operations on Tuesday, it said in an online statement, without disclosing the borrowing cost.
* China's official manufacturing PMI returns to expansion in June. * New export orders turn positive, factory gate prices slip. * Non-manufacturing PMI improves to 50.2 from 50.1 in May. By Joe Cash.
China's non-manufacturing activity expanded for a second month in June, an official survey showed on Tuesday. The non-manufacturing purchasing managers' index, which includes services and construction, rose to 50.2 from 50.1 in May, according to the National Bureau of Statistics.
China's central bank conducted overnight reverse repo operations again on Tuesday, offering 600 billion yuan to financial institutions, it said in an online statement, without disclosing the borrowing cost. The People's Bank of China also said it injected 69.5 billion yuan through seven-day reverse repos, with the rate unchanged at 1.4%, according to the statement.
Gold fell over 1% on Tuesday and was set
for a fourth straight monthly decline, as uncertainty in the
Middle East gave way to expectations of U.S. interest rate hikes
to tame inflation.
Collins Foods (CLLFF), operator of KFC (YUM) restaurants in Australia, reported a decline in same-store sales in its European operations in the early part of fiscal 2027 on Tuesday, due to a heatwave that disrupted consumer sentiment, reversing early gains in its shares.
Japan's factory output rose at a slower-than-expected pace in May from the previous month, government data showed on Tuesday. Here are a few details. -- Industrial output grew 0.5% in May from the previous month, versus the median market forecast for a 1.1% rise, according to the Ministry of Economy, Trade and Industry.
Japan's factory output rose 0.5% in May from the previous month, versus the median market forecast for a 1.1% rise, government data showed on Tuesday. Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect seasonally adjusted output to increase 3.7% in June and stay flat in July.
KBRA assigns a long-term rating of AA to the Magnolia Independent School District, TX Series 2026 Unlimited Tax School Building Bonds. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
NEW YORK, June 29, 2026 W. P. Carey Inc. (WPC) announced today that it has priced an underwritten public offering of $350 million aggregate principal amount of 5.200% Senior Notes due 2036. Interest on the Notes will be paid semi-annually on March 15 and September 15 of each year, beginning on March 15, 2027.
U.S. stocks followed their world counterparts higher on Monday, with the S&P 500 and the Nasdaq snapping five-day losing streaks and the blue-chip Dow notching an all-time closing high as the U.S. and Iran halted attacks and took steps toward de-escalation. I will go into more detail on today's market moves below.
Realty Income (O) priced a public offering of 600 million euros of 3.625% senior unsecured notes due July 30, 2032. The notes were priced at 99.518% of the principal amount for an effective annual yield to maturity of 3.716%, the company said Monday in statement.
The Toronto Stock Exchange dropped on Monday as losses in telecom, industrial and utility stocks outweighed gains in healthcare and financials, while investors look ahead to a busy week of economic data, including Canada's April GDP report. The S&P/TSX Composite Index closed down 156.18 points, or 0.45%, to 34,823.82, with a majority of sectors ending lower.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments.
SAN DIEGO, June 29, 2026 Realty Income Corporation (O), The Monthly Dividend Company?, today announced the pricing of a public offering of ?600 million of 3.625% senior unsecured notes due July 30, 2032.
CHICAGO, June 29, 2026 ?Ziegler, a specialty investment bank, is pleased to announce the successful closing of the Heron's Key Phase II Project, funded with $107,165,000 Series 2026AB Bonds through the Washington State Housing Finance Commission.
Financial stocks increased in late Monday afternoon trading with the NYSE Financial Index up 0.2% and the State Street Financial Select Sector SPDR ETF adding 0.4%. The Philadelphia Housing Index shed 0.4%, and the State Street Real Estate Select Sector SPDR ETF fell 1.1%. Bitcoin rose 1.4% to $60,264, and the yield for 10-year US Treasuries was little changed at 4.37%. In economic news, the Da...
Financial stocks increased in late Monday afternoon trading, with the NYSE Financial Index up 0.1% and the State Street Financial Select Sector SPDR ETF adding 0.4%. The Philadelphia Housing Index shed 0.3%, and the State Street Real Estate Select Sector SPDR ETF fell 1%. Bitcoin rose 1.4% to $60,264, and the yield for 10-year US Treasuries was little changed at 4.37%. In corporate news, Bank o...
The U.S. Food and Drug Administration on Monday selected Eli Lilly (LLY), Regeneron and five other companies for a pilot program to accelerate reviews of new domestic pharmaceutical manufacturing facilities.
The U.S. Food and Drug Administration has selected Eli Lilly (LLY) and Regeneron, among seven companies, for a pilot program to accelerate reviews of new domestic pharmaceutical manufacturing facilities, CNBC reported on Monday citing an FDA spokesperson.
Reference is made to the notice of written procedure dated 12 June 2026 in respect of DSI Holding GmbH?s outstanding up to EUR 150,000,000 Senior Secured Callable Floating Rate Bonds 2025/2029. DYWIDAG hereby announces that, due to administrative settlement considerations, the Consent Fee Record Date will fall on 30 June 2026.
* US labor market data due later this week. * Yield on 2-year note rises after four straight daily declines. By Chuck Mikolajczak. U.S. Treasury yields edged 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.
WASHINGTON, June 29, 2026 Fannie Mae today announced the results of its thirty-sixth reperforming loan sale transaction. The cover bid, which is the second highest bid for the pool, was 83.76% of UPB. Reperforming loans are loans that have been seriously delinquent in the past, have reperformed for a period of time, and are current at the time offered for sale.
Financial stocks increased 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 higher ...
* 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 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.
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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