Financial stocks were decreasing in late Tuesday afternoon trading, with the NYSE Financial Index shedding 0.7% and the State Street Financial Select Sector SPDR ETF down 1%. The Philadelphia Housing Index was climbing 1.8%, and the State Street Real Estate Select Sector SPDR ETF was down 0.4%. Bitcoin was dropping 4.6% to $75,068, and the yield for 10-year US Treasuries was slightly lower at 4...
Financial stocks were decreasing in late Tuesday afternoon trading, with the NYSE Financial Index shedding 0.7% and the State Street Financial Select Sector SPDR ETF dropping 1%. The Philadelphia Housing Index was climbing 1.8%, and the State Street Real Estate Select Sector SPDR ETF was down 0.4%. Bitcoin was dropping 4.6% to $75,068, and the yield for 10-year US Treasuries was slightly lower ...
Richmond Fed President Tom Barkin said that the US economy remains resilient, with last year's rate cuts supporting the labor market, but added that the FOMC is ready to respond if conditions deteriorate.
Financial stocks were decreasing in Tuesday afternoon trading, with the NYSE Financial Index shedding 0.9% and the State Street Financial Select Sector SPDR ETF dropping 1.3%. The Philadelphia Housing Index was climbing 1.6%, and the State Street Real Estate Select Sector SPDR ETF was down 0.9%. Bitcoin was dropping nearly 6% to $74,031, and the yield for 10-year US Treasuries was rising 1.7 ba...
Financial stocks were decreasing in Tuesday afternoon trading, with the NYSE Financial Index shedding 0.6% and the State Street Financial Select Sector SPDR ETF dropping 1.4%. The Philadelphia Housing Index was climbing 2%, and the State Street Real Estate Select Sector SPDR ETF was down 0.5%. Bitcoin was dropping 4.8% to $74,932, and the yield for 10-year US Treasuries was rising 1.7 basis poi...
Data from the Labour Force Survey shows that Canada's job market has pumped out nearly 200,000 net new jobs since summer's end, defying expectations, said TD. However, these gains have been met with some skepticism given weaker signals in other key job surveys -- such as payrolls -- not to mention the broader gross domestic product data, wrote the bank in a note to clients.
Amid robust growth and inflation at the 2% target in the eurozone, the European Central Bank currently has no reason to change its monetary policy stance, said Berenberg. All observers polled by Bloomberg expect the ECB to leave the deposit rate unchanged at 2.0% for the fifth consecutive time at its meeting on Thursday, noted the bank.
There were few major surprises in the latest Canadian gross domestic product figures, but they did drum home the point that the economy struggled in late 2025, said Bank of Montreal. Even with Friday's flash estimate of a 0.1% month-over-month advance in December, that would still leave the three-month annualized trend buried in negative terrain, noted the bank.
The Bureau of Labor Statistics won't publish January's nonfarm payrolls report on Friday because of a partial federal government shutdown. A lapse in funding has disrupted certain government activities since the weekend.
Financial stocks rose in late Monday afternoon trading, with the NYSE Financial Index adding 0.7% and the State Street Financial Select Sector SPDR ETF up 1%. The Philadelphia Housing Index gained 0.5%, and the State Street Real Estate Select Sector SPDR ETF shed 0.8%. Bitcoin was rising 1.3% to $78,043, and the yield for 10-year US Treasuries climbed 3.6 basis points to 4.28%. In economic news...
The Bureau of Labor Statistics won't publish January's nonfarm payrolls report on Friday because of a partial federal government shutdown, multiple media outlets reported Monday. A lapse in funding has disrupted certain government activities since the weekend. "The employment situation release for January 2026 will not be released as scheduled on Friday," a BLS spokesperson reportedly said.
Financial stocks advanced in Monday late afternoon trading, with the NYSE Financial Index adding 0.7% and the State Street Financial Select Sector SPDR ETF rising 1%. The Philadelphia Housing Index gained 0.5%, and the State Street Real Estate Select Sector SPDR ETF shed 0.8%. Bitcoin was rising 1% to $78,204, and the yield for 10-year US Treasuries climbed 3.6 basis points to 4.28%. In corpora...
Financial stocks advanced in Monday afternoon trading with the NYSE Financial Index rising 1% and the State Street Financial Select Sector SPDR ETF increasing 0.9%. The Philadelphia Housing Index gained 0.6%, and the State Street Real Estate Select Sector SPDR ETF shed 0.8%. Bitcoin rose 2.3% to $78,649, and the yield for 10-year US Treasuries climbed 3.2 basis points to 4.27%. In economic news...
Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 1% and the State Street Financial Select Sector SPDR ETF increasing 0.8%. The Philadelphia Housing Index was up 0.3%, and the State Street Real Estate Select Sector SPDR ETF shed 0.8%. Bitcoin was increasing 2.3% to $78,649, and the yield for 10-year US Treasuries was rising 3.2 basis points to 4.2...
The January jobs report will not come out as scheduled on Friday due to the partial government shutdown, multiple news outlets reported Monday, citing statements from an agency spokesperson. MT Newswires does not provide investment advice.
The US manufacturing sector expanded in January amid strong production, while price pressures intensified, two separate surveys showed Monday, with Institute for Supply Management data indicating expansion for the first time in a year and an S&P Global (SPGI) report pointing to faster growth sequentially. The ISM purchasing managers' index rose to 52.6 last month from 47.9 in December.
The European stock markets were tracking higher in Monday trading as the Stoxx Europe rose 1.05%, Germany's DAX gained 1.09%, the FTSE 100 was up 1.15%, France's CAC increased 0.86%, and the Swiss Market Index advanced 1.65%. Manufacturing output across the euro area increased in January for the 10th time in the past 11 months, according to the HCOB Eurozone Manufacturing PMI, which gauges the ...
Morgan Stanley said it expects the Reserve Bank of Australia to hold the cash rate at 3.6% this week, against consensus expectations and market pricing of about 68% for a hike. The RBA is slated to release its policy statement at 10:30 p.m. ET on Monday.
Following a challenging 2025, PMI data suggested that Canada's manufacturing sector started the new year on a more positive footing, said Paul Smith, economics director at S&P Global Market Intelligence, on Monday.
The Institute for Supply Management's US manufacturing index increased to 52.6 in January from 47.9 in December, compared with expectations for a 48.5 reading in a survey compiled by Bloomberg. There were increases in the readings for new orders, production, employment, inventories, and prices. ISM said manufacturing activity expanded for the first time in 12 months.
The S&P Global Canada Manufacturing Purchasing Managers' Index, a composite index designed to provide an overview of the health of the manufacturing sector, edged above the critical 50.0 no-change mark in January for the first time in a year to signal an improvement in overall operating conditions, said S&P Global on Monday.
Rosenberg Research has published a note Monday that includes a section entitled 'Canadian Economy on Life Support'. This comes after Friday's monthly Canadian gross domestic product release showed a flat reading in November, following what the research termed a "depressing" industry jobs report on Thursday.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Wildfire Scores, according to ICE Climate Data. A $49 million offering from St. Johns County, Fla., records a Flood Score of 4.7 out of 5.0, ICE reports.
Canada will release the Labour Force Survey for January on Friday, said National Bank of Canada. The release of the January LFS will be "closely watched," noted the bank. After solid gains between August and November, National Bank expects job gains closer to those recorded in December -- 11,000 gains -- and more in line with modest population growth.
Colombia's central bank, in a split decision, raised the monetary policy rate by 100 basis points on Friday, bringing it to 10.25%, said BBVA Research. It noted that this was BanRep's first rate hike in 33 months. The decision was based on the strong performance of the economy, the sharp increase in inflation expectations, and the deterioration in the current account, stated BBVA Research.
Friday's January Labour Force Survey in Canada is the feature items for the week, said Bank of Montreal. Canadian employment growth is expected to show signs of steadying, although at a very modest rate of 5,000, thus nudging the jobless rate up to 6.9%, noted the bank.
Canada is scheduled to release the Labour Force Survey for January on Friday, said RBC. The bank expects the LFS to show a tick-down in the unemployment rate to 6.7%, after an increase to 6.8% in December that partially reversed an unusually large 0.5 percentage point decline over the prior two months.
Commerzbank in its "European Sunrise" note of Monday highlighted: Markets: United States Treasuries bull steepen, Bund future gains as Asian stocks and e-minis decline, led by tech. Fed: Federal Reserve Bank of St. Louis President Alberto Musalem says Kevin Warsh is exceptionally qualified for Federal Reserve Chair, and it would be "unadvisable" to lower rates.
This week's central focus is on determining how seriously the European Central Bank views the euro's appreciation, said ING. The fact that EUR/USD is no longer at the much-feared 1.20 level does decrease the chances of any vocal reaction from ECB members, but those were more likely to feature in post-meeting comments or the minutes anyway, wrote the bank in a note.
Societe Generale in its early Monday economic news summary pointed out: -- Risk off, precious metals extend slide after correction on Friday, S&P futures -1.3%, US dollar rebounds after nomination of Kevin Warsh as next Federal Reserve chair.
The S&P 500 fell for the third day in a row as markets reacted to Kevin Warsh's nomination as the next Federal Reserve chair, while Wall Street finished January on a high note.
US equity indexes declined this week as big tech reported mixed quarterly results, producer price inflation turned hot, and President Donald Trump nominated policy hawk Kevin Warsh as the next chair of the Federal Reserve. The S&P 500 closed at 6,939.03 on Friday versus 6,940.01 a week ago. *Technology was among the worst performers as Microsoft's (MSFT) fiscal Q2 results hurt the sector.
US equity indexes declined on Friday as Kevin Warsh's nomination to be the Federal Reserve chair lifted the dollar and slammed precious metals amid hot producer price inflation data.
US equity indexes ended lower Friday after President Trump nominated Kevin Warsh as the next Federal Reserve chair, pushing the dollar higher and precious metals into freefall. * President Donald Trump has nominated former Fed governor Kevin Warsh to succeed Jerome Powell.
US equity indexes slumped ahead of Friday's close as Kevin Warsh's nomination to be the Federal Reserve chair boosted the dollar while sending precious metals into a tailspin.
RBC Capital Markets said the Bank of Canada delivered the expected hold this week, underlining that the timing and direction of the next rate move was uncertain. RBC continues to see a sizable risk of hikes late in the year. RBC said a steady hold at 2.25% was delivered on Wednesday, as expected.
Financial stocks were lower in Friday late afternoon trading, with the NYSE Financial Index decreasing 0.7% and the State Street Financial Select Sector SPDR ETF off 0.2%. The Philadelphia Housing Index dropped 2%, and the State Street Real Estate Select Sector SPDR ETF shed 0.1%. Bitcoin was declining 0.1% to $83,657, and the yield for 10-year US Treasuries rose 1.6 basis points to 4.24%. In e...
Financial stocks were lower in Friday late afternoon trading, with the NYSE Financial Index decreasing 0.7% and the State Street Financial Select Sector SPDR ETF off 0.4%. The Philadelphia Housing Index dropped 2%, and the State Street Real Estate Select Sector SPDR ETF shed 0.3%. Bitcoin was declining 0.9% to $83,760, and the yield for 10-year US Treasuries rose 1.4 basis points to 4.24%. In c...
Fed Governor Christopher Waller said that he dissented in favor of a 25-basis point rate cut at the January FOMC meeting because he believes the current stance of policy is still restrictive given the ongoing weakness in the labor market and an inflation rate that is near the 2% goal when temporary tariffs impacts are removed.
US benchmark equity indexes were lower intraday, while gold and silver prices slumped after President Donald Trump nominated Kevin Warsh to be the next Federal Reserve chair.
Gold and silver prices sank Friday after US President Donald Trump nominated Kevin Warsh to replace Jerome Powell as Federal Reserve Chair in May. Gold futures slumped 11% to $4,763.71 per troy ounce, while silver slid 31% to $78.60. Earlier this week, gold futures surged past $5,600, while the white metal crossed $121 as investors turned to safe-haven assets amid mounting geopolitical uncertai...
Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index falling 1% and the State Street Financial Select Sector SPDR ETF off 0.7%. The Philadelphia Housing Index dropped 2.3%, and the State Street Real Estate Select Sector SPDR ETF shed 0.8%. Bitcoin was declining 1.9% to $82,982, and the yield for 10-year US Treasuries was rising 1.6 basis points to 4.24%. In eco...
US equity indexes slumped in midday trading on Friday as Kevin Warsh's nomination as Federal Reserve chair boosted the dollar while sending precious metals into a tailspin, and as producer price inflation turned hot in December.
Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index falling 1% and the State Street Financial Select Sector SPDR ETF off 0.7%. The Philadelphia Housing Index dropped 2.3%, and the State Street Real Estate Select Sector SPDR ETF shed 0.8%. Bitcoin was declining 1.9% to $82,982, and the yield for 10-year US Treasuries was rising 1.6 basis points to 4.24%. In cor...
US equity indexes dropped as Kevin Warsh's nomination as Federal Reserve chair boosted the dollar and sent precious metals into a tailspin, and as the producer price inflation rate jumped in December. The Nasdaq Composite dropped 1% to 23,457.1, with the S&P 500 down 0.8% to 6,914.2 and the Dow Jones Industrial Average lower by 1.1% to 48,563.1 after midday Friday.
The Toronto Stock Exchange is sharply lower in midday trading, plunging near 1,000 points with all sectors lower as fourth-quarter GDP data shows Canada is struggling for growth. The worst performers are miners, and info tech, followed by industrials. Tiago Figueiredo at Desjardins said the Canadian economy appears to have ended the year on very weak footing.
The European stock markets were moving higher in Friday trading as The Stoxx Europe rose 0.6%, Germany's DAX gained 0.9%, the FTSE 100 was up 0.5%, France's CAC increased 0.7%, and the Swiss Market Index was moving 0.3% higher. In Germany, gross domestic product grew 0.3% in Q4 from Q3, adjusted for price, seasonal, and calendar effects, according to the Federal Statistical Office.
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