U.S. inflation is likely on a steady path back to the U.S. central bank's 2% target, Federal Reserve Governor Adriana Kugler said on Tuesday, with the job market still "solid" even as it undergoes a "modest cooling."
* Tesla slips after its China-made EV sales drop in Nov. * Job openings rise to 7.744 mln in Oct, beating estimates. * South Korean firms fall after president declares martial law. * Indexes: Dow down 0.4%, S&P 500 off 0.1%, Nasdaq up 0.1% By Shashwat Chauhan and Purvi Agarwal.
* Tesla slips after its China-made EV sales drop in Nov. * Job openings rise to 7.744 mln in Oct, beating estimates. * South Korean firms fall after president declares martial law. * Indexes: Dow down 0.15%, S&P 500 off 0.03%, Nasdaq up 0.12% By Shashwat Chauhan and Purvi Agarwal.
A deputy governor of Mexico's central bank said she sees a difficult path to increasing the pace of interest rate cuts in Latin America's No. 2 economy due to lingering uncertainty, according to a report published by Bloomberg on Tuesday. Deputy Governor Irene Espinosa told the outlet that "greater uncertainty" makes boosting the pace of cuts to the key lending rate set by the bank more difficult.
Wall Street opened a touch lower on Tuesday after the S&P 500 and the Nasdaq notched record high levels in the last session, with focus on a crucial jobs report later this week along with more data and commentary from Federal Reserve officials.
A deputy governor of Mexico's central bank sees a difficult path to increasing the pace of interest rate cuts due to uncertainty, according to a report published by Bloomberg on Tuesday. Deputy Governor Irene Espinosa told the outlet that "greater uncertainty" makes boosting the pace of cuts to the key lending rate set by the bank more difficult and that she favors a gradual approach.
National Bank of Canada (NTIOF) will release its quarterly earnings report on Wednesday, 2024-12-04. Analysts anticipate National Bank of Canada (NTIOF) to report an earnings per share of $1.81. The market awaits National Bank of Canada's (NTIOF) announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
Exclusive invite to Davos cements Jasper's leadership in AI innovation and its role in advancing ethical and sustainable digital progress SAN FRANCISCO, Dec. 3, 2024 /PRNewswire/ -- Jasper, the world's leading AI marketing platform, today announced that it has joined the World Economic Forum's Unicorn Community, an invitation-only group for private hyper-growth companies at the forefront of dis...
Royal Bank of Canada (RY) is set to give its latest quarterly earnings report on Wednesday, 2024-12-04. Analysts estimate that Royal Bank of Canada (RY) will report an earnings per share of $2.16. The announcement from Royal Bank of Canada (RY) is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
* Tesla slips after its China-made EV sales drop in Nov. * October JOLTS data due at 10 a.m. ET. * Futures: Dow down 0.02%, S&P 500 up 0.04%, Nasdaq down 0.05% By Shashwat Chauhan and Purvi Agarwal.
With its low unemployment rate, highly educated population, modest home prices, and vibrant cultural scene, Madison surprises as the top emerging city for 2025.
* Tesla slips after its China-made EV sales drop in Nov. * October JOLTS data due at 10 a.m. ET. * Futures: Dow down 0.03%, S&P 500 up 0.03%, Nasdaq down 0.05% By Shashwat Chauhan and Purvi Agarwal.
* GDP rose 0.9% quarter-on-quarter, 4.0% year-on-year in Q3. * Finance ministry to bump up current 3.3% annual growth forecast. * Economic strength points to extended interest rate tightening. By Marcela Ayres.
Brazil's gross domestic product grew by 0.9% in the third quarter, data from government statistics agency IBGE showed on Tuesday, matching the forecast in a Reuters poll of economists. On an annual basis, GDP rose 4.0%, slightly above the projected 3.9% expansion.
Monetary easing by central banks across developed and emerging economies trundled along in November with markets warily gearing up for a new year that could bring tectonic shifts to the global policy making backdrop. Four of the six central banks overseeing the 10 most heavily traded currencies that held meetings in November lowered their lending benchmarks.
Sterling gained against the dollar on Tuesday after dovish comments from Federal Reserve Governor Christopher Waller and was steady against the euro as political turmoil in France kept investors on edge. The pound was last up 0.16% at $1.2678, recovering some of Monday's 0.7% loss.
- Wall Street's main indexes were subdued in choppy trading on Tuesday after the S&P 500 and the Nasdaq notched record high levels in the last session, with focus on a crucial jobs report later this week along with more data and commentary from Federal Reserve officials.
- Wall Street's main indexes were subdued in volatile trading on Tuesday after the S&P 500 and the Nasdaq notched record high levels in the previous session, with focus on a crucial jobs report later this week and commentary from Federal Reserve officials.
* Futures: Dow down 0.01%, S&P 500 up 0.04%, Nasdaq down 0.02% U.S. stock index futures were muted on Tuesday after the S&P and the Nasdaq notched record high levels in the last session, with focus on a crucial jobs report later this week along with more data and commentary from Federal Reserve officials.
* Fed likely to deliver 25bp rate cut in Dec -UBS. * US job openings data due at 1500 GMT. * Fed's Waller says inclined to cut rates in December. * Benchmark US 10-year Treasury yields near late Oct lows. By Daksh Grover.
Import tariffs expected to be implemented by the administration of U.S. President-elect Donald Trump could lower economic growth and inflation in the 20 nations sharing the euro, European Central Bank board member Piero Cipollone said on Tuesday. Most economists agree that the possible tariffs would impact growth, though views diverge on the effect on consumer prices.
Swiss inflation rose less than expected in November, official data showed on Tuesday, boosting bets for a bigger interest rate cut by the Swiss National Bank next week. Swiss annual inflation advanced to 0.7% in November from 0.6% the previous month, according to figures from the Federal Statistics Office.
Japanese government bond yields hovered in a tight range on Tuesday, as an auction for 10-year bonds made few waves amid heightened expectations that the Bank of Japan will raise interest rates this month. The 10-year JGB yield rose to as high as 1.085% but was last flat at 1.075% after the auction, while 10-year JGB futures rose 0.05 points to 142.87 yen.
On Monday, Federal Reserve Governor Christopher Waller indicated he is ?leaning toward? supporting an interest rate cut at the central bank?s December meeting while acknowledging recent inflation data has raised concerns about price pressures stalling above the Fed?s 2% target.
Gold prices edged higher on Tuesday, supported by growing expectations of a U.S. interest rate cut this month, as focus shifted to upcoming economic data for additional insights. FUNDAMENTALS. * Spot gold was up 0.1% at $2,642.42 per ounce, as of 0103 GMT, after falling as much as 1% on Monday.
Federal Reserve Bank of New York President John Williams said on Monday that while it was clear interest rates are likely go down over time, he could not yet say what the central bank's next move will be.
Federal Reserve Bank of New York President John Williams said on Monday the U.S. central bank is likely to lower its interest rate target further over time as inflation pressures continue to cool.
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.
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