Canada releases May's Labour Force Survey at 8:30 a.m. ET on Friday, at the same time as the United States jobs report, said ING. The narrative in Canada has been "less constructive" than in the U.S., writes the bank in a note. Consensus is looking at stabilization on Friday: 6.9% and 10,000 job gains.
U.S. stock index futures fell on Friday, as chipmakers lost steam following a strong rally and investors stayed cautious ahead of the May employment report, which could shape expectations for the Federal Reserve's policy path. Semiconductors led the declines. Gains in semiconductor stocks were instrumental in Wall Street's recovery from March lows to record highs.
Federal Reserve officials' waning concern about the job market, so intense at the start of the year that it supported calls by many of them for interest rate cuts, will be tested on Friday with new data that also frames the opening debate of Kevin Warsh's term as head of the U.S. central bank.
* IPO for Elon Musk's SpaceX expected on June 12. * CPI data on Wednesday to show latest inflation trends. * Oracle, Adobe results come as tech leads market higher. By Lewis Krauskopf. The long-awaited, massive SpaceX initial public offering is expected next week, a major event for the U.S. stock market, with investors wary of possible overexuberance after a stunning rally.
* Futures: Dow up 0.22%, S&P down 0.34%, Nasdaq down 0.82% U.S. stock index futures fell on Friday, as chipmakers lost steam following a strong rally and investors stayed cautious ahead of the May employment report, which could shape expectations for the Federal Reserve's policy path. Semiconductors led the declines.
Societe Generale in its early Friday economic news summary pointed out: -- Brent steady around US$95/barrel into nonfarm payrolls, United States/Iran peace talks stall after Hezbollah rejected U.S.-brokered truce in Lebanon. -- India: Reserve Bank of India leaves key rate unchanged at 5.25%, vote unanimous, stance neutral.
Greece's jobless rate rose to 10.6% in the first quarter from 8.3% in the fourth quarter of 2025, data by the country's statistics service ELSTAT showed on Friday. The jobless rate for women was 13.9% versus 7.9% for men in the first quarter. About 49.0% of Greece's 508,401 jobless are long-term unemployed, meaning they have been out of work for at least 12 months, the figures showed.
The public listing of SpaceX will take centre stage as it looks likely to become one of the top 10 most valuable U.S. listed firms after it goes public, while a rate hike from the European Central Bank on Thursday seems nailed on. Elsewhere, China releases a bunch of data and the OPEC+ group meets to decide its oil output quotas against the backdrop of the Iran war.
The public listing of SpaceX will take centre stage as it looks likely to become one of the top 10 most valuable U.S. listed firms after it goes public, while a rate hike from the European Central Bank on Thursday seems nailed on. Elsewhere, China releases a bunch of data and the OPEC+ group meets to decide its oil output quotas against the backdrop of the Iran war.
Keel Infrastructure Corp. (KEEL), a North American digital and energy infrastructure company, today announced that it has priced its offering of $400 million aggregate principal amount of 1.250% convertible senior notes due 2032.
Almonty Industries Inc. (ALM) today announced the pricing of its oversubscribed offering of US$700,000,000 aggregate principal amount of 2.25% convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
* Unemployment rate likely remained at 4.3% for third straight month. * Employment report likely to show labor market remains in a "slow-hire, slow-fire" state. By Lucia Mutikani. U.S. employment growth likely moderated in May after two straight months of strong gains, but the pace would probably remain consistent with stable labor market conditions.
Japanese government bonds held steady on Friday, while short-term yields were poised for a weekly advance as market bets solidified around policy tightening by the central bank. Here are a few details: * The benchmark 10-year JGB yield fell 1 basis point to 2.660%. Yields move inversely to bond prices.
Gold prices edged lower on Friday,
and were set for a weekly loss, as tensions in the Middle East
dampened hopes for a U.S.-Iran peace deal amid rising inflation
and rate-hike fears.
Japan's real wages climbed 1.9% in April from a year earlier, government data showed on Friday, marking a fourth consecutive monthly gain, as higher special payments boosted overall earnings and improved household purchasing power.
Japan's real wages climbed 1.9% in April from a year earlier, government data showed on Friday, marking a fourth consecutive monthly gain, as higher special payments boosted overall earnings and improved household purchasing power.
Essential Properties Realty Trust, Inc. (EPRT) announced today that its operating partnership, Essential Properties, L.P., has priced a public offering of $400 million aggregate principal amount of 5.375% Senior Notes due 2036.
Almonty Industries Inc. (ALM) today announced its intention to offer, subject to market and other conditions, $700,000,000 aggregate principal amount of convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of One Alliance Insurance Corporation. The ratings reflect One Alliance?s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
"On a broad level, sentiment appears to reflect long-range optimism, though with some expected bumps along the way," NewSquare Capital's Kim Olsan wrote.
Findings reveal business travel supports 6.7 million U.S. jobs and accounts for 2.1% of GDP, underscoring its role as a critical driver of economic growth nationwide Business travel within and to the United States continues to be a major engine powering the nation?s economy and growth, generating $623.8 billion in total gross domestic product impact as related travel spending reached $538.5 ...
Australian home prices are set for their weakest growth since 2022 this year, as higher mortgage rates and cost-of-living pressures keep many first-time buyers out of the market, a Reuters poll of property analysts showed.
Financial stocks were higher in late Thursday afternoon trading, with the NYSE Financial Index rising 2.2% and the State Street Financial Select Sector SPDR ETF climbing 2.6%. The Philadelphia Housing Index increased 0.7%, and the State Street Real Estate Select Sector SPDR ETF added 1.5%. Bitcoin was 2.6% lower at $63,852, and the yield for 10-year US Treasuries decreased 1.6 basis points to 4...
The bond parties want the U.S. Court of Appeals for the First Circuit in Boston to overturn the U.S. District Court's rulings on their efforts to gain control of PREPA.
Financial stocks were higher in late Thursday afternoon trading, with the NYSE Financial Index rising 2.1% and the State Street Financial Select Sector SPDR ETF climbing 2.6%. The Philadelphia Housing Index increased 0.7%, and the State Street Real Estate Select Sector SPDR ETF added 1.5%. Bitcoin was 2.6% lower at $63,852, and the yield for 10-year US Treasuries decreased 1.6 basis points to 4...
* Jobless claims rise above forecasts. * Oil prices fall on hopes for US-Iran deal. * Fed officials signal inflation as priority. By Chuck Mikolajczak. U.S. Treasury yields fell on Thursday after labor market data was softer than expected, while oil prices retreated on renewed hopes that a deal to end the U.S.-Israeli war with Iran could be reached.
US nonfarm payrolls are expected to rise by 85,000 in May after a 115,000-jobs gain in April, based on a survey compiled by Bloomberg, while the unemployment rate is expected to remain at 4.3%. The May employment report is due to be released at 8:30 am ET Friday.
Kansas City Federal Reserve President Jeffrey Schmid said on Thursday that the U.S. central bank's choice now is between being patient and holding interest rates steady or hiking rates to tamp down inflation that has been above target for years. "The big question now is do we stay patient?"
Kansas City Fed president Jeffrey Schmid said Thursday that the U.S. central bank's choice now is between being patient and holding interest rates steady or rate hikes to tamp down inflation that has been years above target. "The big question now is do we stay patient?"
US equity indexes rose in midday trading Thursday amid a broad-based rally as a decline in crude oil futures helped push government bond yields lower. The Dow Jones Industrial Average jumped 1.6% to 51,516.9, the S&P 500 rose 0.5% to 7,591.9, and the Nasdaq Composite added 0.2% to 26,899.5 in Thursday's midday trading.
Gold prices were higher midafternoon on Thursday as the dollar and treasury yields weakened as oil prices dropped after Israel and Lebanon reached a ceasefire agreement, lowering the inflation fears that have kept the precious mental rangebound since the start of the war between the United States and Iran. Gold for July delivery was last seen up US$40.50 to US$4,507.40 per ounce.
Financial stocks were higher in Thursday afternoon trading, with the NYSE Financial Index rising 2.2% and the State Street Financial Select Sector SPDR ETF climbing 2.5%. The Philadelphia Housing Index increased 0.5%, and the State Street Real Estate Select Sector SPDR ETF added 1%. Bitcoin was falling 1.4% to $63,157, and the yield for 10-year US Treasuries decreased 2.2 basis points to 4.469%...
Blockchain-based tokenization could modernize muni market infrastructure by compressing settlement timelines, automating coupon and redemption workflows, and creating a shared, immutable ownership and compliance record.
San Francisco Federal Reserve President Mary Daly on Thursday said that while she believes AI over a five- to 10-year window could be a deflationary force, the effect is "not a pressing issue" for monetary policy which operates on a 12-month horizon.
Financial stocks were higher in Thursday afternoon trading, with the NYSE Financial Index rising 2.2% and the State Street Financial Select Sector SPDR ETF climbing 2.5%. The Philadelphia Housing Index increased 0.5%, and the State Street Real Estate Select Sector SPDR ETF added 1%. Bitcoin was falling 1.4% to $63,157, and the yield for 10-year US Treasuries decreased 2.2 basis points to 4.469%...
* Boston Fed paper says changes in US energy use bear on Fed policy response. * Boston Fed researchers say Fed can concentrate on inflation issues amid current shock. * Some Fed officials weighing need for rate hikes to combat high inflation. By Michael S. Derby.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.48%. ?The 30-year fixed-rate mortgage decreased to 6.48% this week,? said Sam Khater, Freddie Mac?s Chief Economist.
Canada updates the Labour Force Survey for May on Friday at 8:30 a.m. ET, said Scotiabank. Consensus sits at a 10,000 gain in jobs, with most expecting a rise except for an anonymous entry, noted the bank. Scotiabank estimates a 25,000 increase, with an unchanged unemployment rate of 6.9%. May is when university and college grads heave a sigh of relief after completing exams, pointed out the bank.
IQVIA (IQV) said Thursday that a subsidiary has priced an offering of 950 million euros of 4.625% senior notes due June 15, 2033. Proceeds will be used to refinance its debt, the company said. IQVIA (IQV) shares were up about 3% in morning trading. Price: 187.71, Change: +5.66, Percent Change: +3.11. MT Newswires does not provide investment advice.
Canada unveiled a new artificial intelligence strategy on Thursday that it says will help create 250,000 jobs by 2031 and includes a new C$500 million tech fund to help homegrown AI firms.
Global supply chains remained under pressure in May as a result of the war in the Middle East, data from the New York Federal Reserve showed on Thursday, suggesting inflation pressures will remain formidable for the foreseeable future. The regional Fed bank's latest Global Supply Chain Pressure Index ebbed modestly to 1.77 from an unrevised 1.82 in April.
* Jobless claims rise above forecasts. * Oil prices fall on hopes for US-Iran deal and Israel-Lebanon ceasefire. * Fed's Lorie Logan says policy may be too loose. By Chuck Mikolajczak. U.S. Treasury yields were lower on Thursday, after labor market data was softer than expected, while oil prices tumbled on renewed optimism a deal to end the war between the U.S. and Iran could be reached.
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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