Euro zone government bond yields rose on Wednesday, with traders now pricing in a more than 50% probability of three European Central Bank rate hikes by year-end as U.S.-Iran peace talks stalled.
Celcuity Inc. (CELC), a clinical-stage biotechnology company focused on the development of targeted therapies for the treatment of multiple solid tumor indications, today announced a proposed underwritten public offering of $400,000,000 aggregate principal amount of its convertible senior notes due 2032.
The U.S. dollar is expected to stay range-bound in the near term before weakening later this year, FX strategists said in a Reuters survey, on optimism the Middle East war will end soon and its impact on inflation will be temporary. Since the conflict began three months ago, the dollar has tracked risk sentiment - rising on escalation and slipping as tensions eased.
SOLOWIN HOLDINGS (AXG), a leading financial technology firm bridging traditional and digital assets, today announced that AX Coin Bahrain B.S.C., the Company's stablecoin issuance entity and a key subsidiary, has been officially licensed by the Central Bank of Bahrain to carry out stablecoin issuer activities.
* UK services PMI falls to 49.3 in May from April's 52.7. * Drop is less than reported in initial flash data. * Firms raise prices at second-fastest rate since 2022. * BoE policymaker concerned at broad swathe of price increases. By Suban Abdulla and David Milliken.
The artificial-intelligence boom already has fueled a record stock-market surge. Meta Platforms, Oracle and other technology companies have raised $250 billion in debt markets globally this year, according to Morgan Stanley, borrowing at a scale that would have been hard to imagine only a few years ago.
Societe Generale in its early Wednesday economic news summary pointed out: -- Bond yields, US dollar carry over gains after the strongest gain in JOLTS job openings since April 21. -- ECB: European Central Bank Governing Council member Pierre Wunsch repeats case for June rate hike in FT, says if the U.S. and Iran agree to a peace deal, the discussion "might be a bit less easy.
The European Central Bank met commercial lenders last week to discuss the potential threat from the newest artificial intelligence models and will follow up with demands for practical defence measures, board member Frank Elderson said.
With the Iran war stretching into its fourth month, U.S. retail companies that have so far banked on a resilient consumer could face a tougher road ahead as rising gas prices and economic pain gradually erode the buffer.
Global economic growth may temporarily slow, Swiss National Bank Chairman Martin Schlegel said on Wednesday, citing increased uncertainty. Here are other details of what Schlegel mentioned at an event for the Swiss hospitality industry in Bern, according to the presentation slides.
* Japan more exposed to spillover effects of inflation. * BOJ will keep raising rates at 'appropriate pace', Ueda says. * Ueda signals rate-hike chance even if Iran uncertainty remains. * Delaying rate hike may inflict huge burden on economy. * Speech heightens chance of June rate hike, analysts say. By Leika Kihara.
* Sberbank raises 2026 commodity exports revenue forecast. * Sberbank forecasts 2026 GDP growth at between 0.5% and 1% * Sberbank expects central bank to accelerate rate cuts. By Gleb Bryanski and Elena Fabrichnaya.
Cemex priced a $1.5 billion offering of its 5.75% senior notes due June 5, 2036, at 99.572% of face value, the company said late Tuesday. Cemex expects the offering to close Friday and plans to use the net proceeds for general corporate purposes. MT Newswires does not provide investment advice.
* Euro zone composite PMI at 18-month low of 48.5 in May. * Price pressures worst in over three years. * Services reading edged up but remained in contractionary territory. * Data point to 0.2% quarterly GDP decline in second quarter - S&P Global.
IQVIA (IQV) plans to raise 950 million euros through an offering of senior notes due 2033, the company said Wednesday. The proceeds from the debt offering will be used to refinance other debt, the company said. MT Newswires does not provide investment advice.
* Global growth seen at 2.8% in 2026, 3.1% in 2027. * U.S. growth seen easing to 2.0% in 2026, 1.8% in 2027. * Global outlook weakens if war persists into 2027. By Leigh Thomas.
India's dominant services sector grew at its fastest pace in six months in May on a pick-up in domestic demand, even though global orders stayed below last year's average and business confidence slipped for a second straight month, a survey showed.
A peace deal between the US and Iran before next week's European Central Bank meeting would not derail the case for raising interest rates, Belgian central bank chief Pierre Wunsch told the Financial Times in an interview published on Wednesday. "If a peace deal is confirmed just before the meeting, it will be part of the discussion.
China's services activity expanded at the fastest pace in three months in May, helped by stronger growth in new business and a rebound in overseas demand, though rising cost pressures weighed on firms, a private-sector survey showed on Wednesday.
* New business and export demand drive fastest services growth in three months. * Service providers add jobs as outstanding business rises. * Input cost inflation hits highest since October 2024.
Japanese government bond yields rose across the curve on Wednesday, supported by firmer Bank of Japan rate-hike expectations and a global backdrop of elevated yields. Here are a few details: * The benchmark 10-year JGB yield climbed 2 basis points to 2.585%. Yields move inversely to bond prices.
Bank of Japan Governor Kazuo Ueda will deliver a closely watched speech on Wednesday that could reveal his thinking on the prospects of a June rate hike, as surging fuel costs from the Iran war broaden price pressures in an already fragile economy.
Japan's services sector ground to a halt in May after more than a year of expansion, as surging costs linked to the Middle East war dampened service demand and led to a 12-year high in output price inflation, a private survey showed on Tuesday. * The S&P Global final Japan Services Purchasing Managers' Index fell to 50.0 in May from 51.0 in April, marking the end of a 13-month expansion streak.
Federal Reserve Chairman Kevin Warsh pledged to follow "the best of the Fed's traditions" in an opening note to the central bank's more than 20,000 employees as he starts his four-year term, while also promising a broad look at what might be done differently.
Federal Reserve Chair Kevin Warsh has tapped two conservative policy veterans, Paul Winfree and Daniel Heil, to advise him while he settles into the job, the Wall Street Journal reported on Tuesday, citing sources.
The status of the war in Iran is confusing, Hennion & Walsh's James Pruskowski said, but high absolute rates are giving the muni market a strong start to June.
Issuers using cash basis accounting pay a yield premium to sell bonds, according to a new paper, and their bonds are less likely to trade in the secondary.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0500 per share of common stock, payable on July 1, 2026 to shareholders of record at the close of business on June 16, 2026. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
J-Star Holding Co., Ltd. (YMAT) today outlines foundational milestones supporting its proposed $122.5 million solid-state battery manufacturing facility in Baytown, Texas: a Taiwan Central Bank authorization supporting a proposed $60 million outbound investment, and a formal site commitment from the Baytown West Chambers County Economic Development Foundation.
Financial stocks were higher in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.7% and the State Street Financial Select Sector SPDR ETF increasing 0.3%. The Philadelphia Housing Index was adding 0.8%, and the State Street Real Estate Select Sector SPDR ETF was up 0.4%. Bitcoin was dropping 6.5% to $66,793, and the yield for 10-year US Treasuries decreased 2.4 basis point...
Financial stocks were advancing in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF increasing 0.2%. The Philadelphia Housing Index was adding 0.7%, and the State Street Real Estate Select Sector SPDR ETF was up 0.3%. Bitcoin was dropping 5.9% to $67,131, and the yield for 10-year US Treasuries decreased 2 basis poin...
Based on data from the Real Estate Board of Greater Vancouver, National Bank of Canada's preliminary estimate is that seasonally adjusted home sales edged up 0.5% from April to May, the first increase in three months.
* US job openings surge to 7.618 million in April, exceeding forecasts. * Cleveland Fed's Hammack says inflation pressures may require action soon. * Oil prices choppy on report that Iran reviewing agreement. By Chuck Mikolajczak.
The quartet of accelerated deals is among at least 25 additional unique credits above $100 billion coming to market, a major contributor to the surging supply of $18 billion to $20 billion this week.
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF increasing 0.2%. The Philadelphia Housing Index was adding 0.7%, and the State Street Real Estate Select Sector SPDR ETF was up 0.4%. Bitcoin was dropping 5.9% to $67,321, and the yield for 10-year US Treasuries was decreasing 1.6 basis po...
Twenty Scholarships Worth Up to $200,000 Will be Awarded to Students Pursuing Advanced Degrees Through The Bridging the Dream Scholarship for Graduate Students The Sallie Mae Fund Also Offering Scholarships to Help Undergraduate Students Complete Their Education Through its Completing the Dream Scholarship Program NEWARK, Del.
Moody's Ratings has announced a credit rating downgrade to A2 from A1 for AU, due to operating pressure which comes on the heels of a 4% tuition hike earlier this spring.
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF increasing 0.1%. The Philadelphia Housing Index was adding 0.6%, and the State Street Real Estate Select Sector SPDR ETF was up 0.3%. Bitcoin was dropping 5.2% to $67,610, and the yield for 10-year US Treasuries was decreasing 1.6 basis po...
Market Intelligence analyst Jeff Lipton notes that coupon selection is often a strategy decision, not a price preference, and explains why premium coupons can help mitigate adverse price moves while giving investors flexibility through higher ongoing tax-free income.
* US job openings surge to 7.618 million in April, exceeding forecasts. * Cleveland Fed's Hammack warns inflation pressures may require action soon. * Oil prices subdued on report Iran reviewing agreement. By Chuck Mikolajczak.
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of ?bbb+? of Farmers Fire Insurance Company.
SHERIDAN, Wyo. Growing globalization, cross-border e-commerce, and expanding international trade volumes are driving strong growth in the freight forwarding market, according to Mayur Jain, Market Research Expert at Wissen Research.
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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