Financial stocks were mixed in Tuesday afternoon trading, with the NYSE Financial Index fractionally higher and the State Street Financial Select Sector SPDR ETF decreasing 0.1%. The Philadelphia Housing Index was shedding 0.7%, and the State Street Real Estate Select Sector SPDR ETF fell 1.3%. Bitcoin dropped 2.9% to $58,402, and the yield for 10-year US Treasuries was rising 3.2 basis points ...
Great-West Lifeco (GWLIF) has priced its 500 million euro bonds offering, the company said on Tuesday. The seven-year bonds will pay an annual coupon of 3.625% and are priced at 99.575% of par. The offer is expected to close on July 7. Great-West will apply for the bonds to be listed on the Global Exchange Market of the Irish Stock Exchange.
US consumer confidence edged higher in June as falling oil prices amid an extended US-Iran ceasefire eased inflation fears, the Conference Board said Tuesday. The consumer confidence index climbed to 91.2 this month from May's downwardly revised reading of 90.6. The consensus was for a 94.4 print in a Bloomberg survey.
The European stock markets closed mixed in Tuesday trading as the Stoxx Europe rose 0.9%, Germany's DAX surged 1.4%, the FTSE 100 gained 0.1%, France's CAC declined 0.4%, and the Swiss Market Index fell 0.1%. In the UK, real gross domestic product grew 0.6% in Q1 and was 0.9% higher than a year earlier, according to the Office for National Statistics.
The Conference Board's measure of consumer confidence rose to 91.2 in June from a downwardly revised 90.6 in May, below a reading of 94.4 expected in a survey compiled by Bloomberg.
April's stronger-than-expected real gross domestic product figures indicates a better transition to the second quarter with Q2 growth now tracking above an annualized pace of 2%, TD Economics wrote in a note.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high flood and physical risk scores, according to ICE Climate Data. A $5 million offering from Floyd County School District, Kentucky, records a flood risk score of 5.0 out of 5.0, ICE reports.
Prestige Consumer Healthcare (PBH) said Tuesday its subsidiary, Prestige Brands, intends to offer $400 million of new senior notes due 2034 in a private offering. The company said it intends to use the net proceeds from the offering, together with cash on hand, to redeem all $400 million of Prestige Brands' outstanding 5.125% senior notes due 2028 and pay related fees and expenses.
Gold steadied early on Tuesday, sticking above $4,000 even as the dollar and yields rose. Gold for August delivery was last seen up 0.2% to $4,085.80 per ounce. The price of the metal has dropped 10% over the past month as investors worry rising US inflation due to higher energy prices will force a hike to US interest rates, bearish for the metal since it offers no yield.
The Case-Shiller National Home Price index rose by 0.8% in April before seasonal adjustment following a 0.7% increase in March. National home prices were up 0.9% year-over-year.
The FHFA's measure of home prices fell by 0.1% in April after a 0.2% increase in the previous month, compared with the 0.2% gain expected in a survey compiled by Bloomberg as of 7:35 am ET. Prices were up 2% from a year earlier in April.
Real gross domestic product grew 0.5% in April, after contracting 0.1% in March, reports Statistics Canada. Goods-producing industries rose 1.2% in April, helped by mining, quarrying, and oil and gas extraction. Services-producing industries edged up 0.3%, the third monthly increase in a row. Overall, 14 of the 20 industrial sectors advanced in April, the agency reported.
Statistics Canada is releasing Canadian real gross domestic product figures for April at 8.30 am today and BMO Capital Markets is calling for a 0.3% expansion for the month of April, the bank said in a note.
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.
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...
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 ...
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.
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...
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.
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.
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.
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.
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.
The Toronto Stock Exchange rose on Friday as investors assessed easing geopolitical tensions in the Middle East and fresh economic data that reinforced expectations for a potential Bank of Canada interest-rate cut. The S&P/TSX Composite Index closed up 129.79 points, or 0.37%, to 34,980.00, with sectors closing mixed.
Financial stocks were slightly higher in late Friday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each adding 0.1%. The Philadelphia Housing Index was falling 0.3%, and the State Street Real Estate Select Sector SPDR ETF climbed 1.1%. Bitcoin was increasing 1% to $59,823, and the yield for 10-year US Treasuries was shedding 1.8 basis poi...
Financial stocks were slightly higher in late Friday afternoon trading, with the NYSE Financial Index increasing 0.1% and the State Street Financial Select Sector SPDR ETF adding 0.2%. The Philadelphia Housing Index was falling 1.9%, and the State Street Real Estate Select Sector SPDR ETF climbed 1.2%. Bitcoin was increasing 0.2% to $59,849, and the yield for 10-year US Treasuries was shedding ...
Canada's Consumer Price Index in May rose 0.95% in non-seasonally adjusted terms, following a 0.36% increase in April, and above consensus expectations of a 0.8% increase, National Bank's weekly economic monitor reports. In seasonally adjusted terms, prices edged up 0.48% in May after advancing 0.36% in April. April's GDP data will be released next Tuesday.
Financial stocks were higher in Friday afternoon trading, with the NYSE Financial Index increasing 0.2% and the State Street Financial Select Sector SPDR ETF adding 0.4%. The Philadelphia Housing Index was down 0.1%, and the State Street Real Estate Select Sector SPDR ETF climbed 1%. Bitcoin was increasing 0.6% to $59,900, and the yield for 10-year US Treasuries was shedding 1.6 basis points to...
Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index increasing 0.3% and the State Street Financial Select Sector SPDR ETF adding 0.5%. The Philadelphia Housing Index was up 0.3%, and the State Street Real Estate Select Sector SPDR ETF climbed 1%. Bitcoin was increasing 0.8% to $60,083, and the yield for 10-year US Treasuries was shedding 1.7 basis points t...
US consumer sentiment increased in June amid moderating gasoline prices, while inflation expectations eased, a survey by the University of Michigan showed Friday. The main sentiment index jumped nearly 11% sequentially to 49.5 this month. The improvement in sentiment came as gas prices moderated, according to Surveys of Consumers Director Joanne Hsu.
The Federal Reserve is likely to maintain interest rates stable for the rest of the year, despite its recent hawkish monetary policy statement, as inflation looks set to ease, Morgan Stanley said Friday in a report.
The University of Michigan consumer sentiment index was revised upwards on Friday to a reading of 49.5 for June from 48.9 in the preliminary estimate, below expectations for a slightly larger revision to 50.0 in a survey compiled by Bloomberg as of 7:30 am ET.
Strong support for maintaining Canada's 2% inflation target and flexible inflation-targeting framework emerged as a key finding in the Bank of Canada's latest consultation report published on Thursday, ahead of its 2026 monetary policy framework renewal.
Federal Reserve Chairman Kevin Warsh has chosen longtime economists at the US central bank, Daniel Covitz and Eric Engstrom, to serve as advisers, The Wall Street Journal reported Friday, citing people familiar with the matter. Covitz is one of three deputy directors in the Fed's division of research and statistics, while Engstrom is a senior associate director in the division of monetary affairs.
Treasuries extended their rally after the New York close and throughout Asian trading as investors sought the safety of government bonds amid a renewed technology-led selloff, according to a note from Commerzbank. Oil prices have retreated even as tensions in the Middle East persist, reflecting a market that is more focused on the outlook for global demand than on potential supply disruptions.
Nuvation Bio (NUVB) has priced its underwritten offering of $250 million of 0.75% convertible senior notes due in 2032, the oncology treatment company announced late Thursday. Nuvation Bio (NUVB) has also extended to the underwriters an option, or greenshoe, to purchase an additional $37.5 million of the notes.
HIVE Digital Technologies (HIVE) priced an offering of $115 million worth of 0% exchangeable senior notes due 2031 in a private offering, the company said late Thursday. The offering was upsized from $100 million, the company said. The company also granted the initial purchasers a 13-day option to purchase up to an $15 million in additional notes, it said. The sale is expected to close on June 30.
Republican Representative Scott Fitzgerald introduced legislation on Thursday that would require Fannie Mae and Freddie Mac to buy homebuilder construction loans and package them into securities, in a bid to lower construction financing costs and boost housing supply, Bloomberg reported.
James Hardie Industries (JHIUF) said Thursday said its wholly-owned subsidiary redeemed $400 million in aggregate principal amount of 5.00% Senior Unsecured Notes due 2028 on June 25, at par plus accrued interest. Payment was made through Deutsche Bank Trust & Agency Operations, the company said. MT Newswires does not provide investment advice.
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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