2025-11-28 13:31
OTTAWA, Nov 28 (Reuters) - Canada's economy expanded by 2.6% on an annualized basis in the third quarter, exceeding analysts' expectations, as exports outpaced imports and capital investment was driven by government spending, Statistics Canada data showed on Friday. September's GDP grew 0.2% compared to August, in line with analysts' expectations, while October GDP was likely to decrease by 0.3%, StatsCan said in a flash estimate. Sign up here. Following are seasonally adjusted figures for gross domestic product, in percent. With the exception of the price index data, they are adjusted for inflation. Q3 Q2 Q1 Annualized change +2.6 -1.8 +2.2 Change from previous quarter +0.6 -0.5 +0.5 Quarterly change in GDP implicit price index +0.8 +0.1 +0.9 NOTE: The median forecast of analysts in a Reuters poll was for a 0.5% annualized increase in the third quarter and for September GDP to be up 0.2%. Keywords: CANADA ECONOMY/GDP https://www.reuters.com/world/americas/canadas-economy-up-26-annualized-q3-oct-gdp-likely-down-03-2025-11-28/
2025-11-28 13:19
Nov 28 (Reuters) - Exchange operator CME Group (CME.O) , opens new tab said on Friday that its Globex futures and options markets pre-opened at 07:00 Central Time (1300 GMT) and open at 07:30 CT, after an earlier halt caused by a cooling issue at its data centres. The world's biggest exchange operator by market value had paused activity across several markets earlier in the day as it worked to resolve the issue. Sign up here. CME, which offers trading in benchmark products spanning rates, equities, metals, energy, cryptocurrencies and agriculture, first reported the outage at 0240 GMT on its website. https://www.reuters.com/business/finance/cme-says-globex-futures-options-markets-open-730-ct-2025-11-28/
2025-11-28 12:53
BOGOTA, Nov 28 (Reuters) - Colombian state-run energy firm Ecopetrol (ECO.CN) , opens new tab will invest between 22 trillion and 27 trillion pesos ($5.88 billion-$7.21 billion) next year, it said late on Thursday, roughly in line with 2025 as it pledged "disciplined" capital allocation. Ecopetrol plans to drill between 380 and 430 development wells - 95% in Colombia and 5% in the United States - and eight to 10 exploratory wells, mostly in Colombia, it said in a statement. Sign up here. The energy company expects to produce between 730,000 and 740,000 barrels of oil equivalent per day next year, earmarking about 17.2 trillion pesos of its investments for that, or around 70% of the total. "This plan maintains investment levels compared with projected 2025 year-end figures, under capital discipline criteria for each business line," Ecopetrol added. The investment plan was based on a projected Brent crude price of $60 per barrel and an average exchange rate of about 4,050 pesos per U.S. dollar. ($1 = 3,742.7400 Colombian pesos) https://www.reuters.com/business/energy/colombias-ecopetrol-invest-up-72-billion-2026-2025-11-28/
2025-11-28 12:45
LONDON, Nov 28 (Reuters) - Russia failed on Friday to win enough votes to rejoin the U.N. shipping agency's governing council despite urging countries to back its nomination for a seat it lost in 2023. The outcome is another blow for Russia which also failed to secure enough support in September to get elected to the United Nations aviation agency's governing council , opens new tab, seen as a rebuke of Moscow over its 2022 invasion of Ukraine. Sign up here. The London-based International Maritime Organization (IMO) is responsible for regulating the safety and security of international shipping and preventing pollution, and comprises 176 member states. Moscow has been an IMO member since 1958 and consistently re-elected to the IMO Council before 2023. Russia's transport ministry did not immediately respond to a request for comment on Friday. Russia was among 48 countries seeking 40 spots for a two-year term on the council which supervises the work of the body. It was the only candidate rejected in the category of 10 "states with the largest interest in providing international shipping services", which included the United States and China. Russia had written in a note to the IMO countries prior to the election that it "openly and actively participates in the work of all IMO bodies". "The IMO has begun to deviate from its ... impartial role in international affairs, devoting greater attention to political matters largely outside its clearly defined mandate," Russia said in an IMO submission. Ukraine, which has been vocal in its opposition to Russian efforts at various U.N. agencies and was not standing for election for the IMO Council, urged IMO member states not to support the candidacy , opens new tab saying Moscow "undermines global shipping safety and ... cannot claim a leading role in global maritime governance". https://www.reuters.com/world/russia-fails-win-back-seat-un-shipping-agencys-governing-council-2025-11-28/
2025-11-28 11:54
FTSE 100 up 0.1%, FTSE 250 flat CME Group outage halts trade on US currency, futures Mitchells & Butlers jumps on profit beat Nov 28 (Reuters) - London's FTSE 100 inched higher on Friday, led by energy stocks as oil prices rose, though the index was set to snap a four-month winning streak despite a budget-driven boost earlier this week. The globally focused FTSE 100 (.FTSE) , opens new tab was up 0.1% by 1125 GMT, while the midcap FTSE 250 (.FTMC) , opens new tab was flat, on pace for a small monthly drop. Sign up here. Oil & Gas (.FTNMX601010) , opens new tab added 0.7%, tracking a gain in oil prices on uncertainty over Russia-Ukraine peace talks. Investors await the outcome of an OPEC+ meeting on Sunday. Chemicals (.FTNMX552010) , opens new tab climbed 0.9% with shares of Johnson Matthey (JMAT.L) , opens new tab up 1.8% after J.P.Morgan upgraded its rating on the company to "overweight" from "neutral." Both FTSE 100 and FTSE 250 are on track for firm weekly gains after finance minister Rachel Reeves earlier this week announced a big tax-raising budget that created greater room for her to meet her deficit-reduction targets. Traders ramping up bets for a U.S. Federal Reserve rate cut in December, following dovish remarks from policymakers, also boosted UK stocks in the last two weeks of November. Long-dated gilt yields were flat after dropping earlier this week, while the pound lost some ground against the dollar. Precious metal miners (.FTNMX551030) , opens new tab are on pace to be the best performing sector this month as gold prices rallied, while the aerospace and defence (.FTNMX502010) , opens new tab sector is among the laggards as prospects of a peace deal between Russia and Ukraine grew. Among other moving stocks, Burberry (BRBY.L) , opens new tab fell 2.3% after J.P.Morgan downgraded the luxury firm's rating to "underweight". Mitchells & Butlers (MAB.L) , opens new tab jumped 11.5% after the pub and restaurant operator reported annual profit above expectations. Meanwhile, investors were on the lookout for updates on an outage at the world's biggest exchange operator, CME Group, which hit trading on currency and futures in the U.S. on Friday. https://www.reuters.com/world/uk/uks-ftse-100-set-first-monthly-drop-five-despite-recent-gains-2025-11-28/
2025-11-28 11:46
Stocks rebounding after biggest pullback since April AI news keep markets on edge amid big gains for Alphabet shares Manufacturing, services activity, consumer sentiment reports due Bets rise on December Fed rate cut NEW YORK, Nov 28 (Reuters) - Investors will look in the coming week for signals about profitability for artificial intelligence companies, as well as the broader economy's health, to steady the U.S. equity market. Stocks rebounded this week from their biggest pullback since April, helped by a firming conviction that the U.S. Federal Reserve will cut interest rates in December. But some of the market's heavyweight shares remained volatile. Big moves in Nvidia (NVDA.O) , opens new tab and Alphabet (GOOGL.O) , opens new tab, for instance, were driven by developments in AI. Sign up here. Equities are poised to maintain this sensitivity, investors said, after concerns about overheated valuations took some of the steam out of a trade that has propelled markets higher this year. "The narrative surrounding the profitability of AI is coming under question," said Matthew Maley, chief market strategist at Miller Tabak. "If that becomes a bigger issue as we move through December, that's going to be a big problem for the market." WATCHING FOR SIGNS OF RISK APPETITE WANING The benchmark S&P 500 (.SPX) , opens new tab is up about 16% in 2025, heading into a year-end period that tends to be strong. December ranks as the index's third-best-performing month, with a 1.43% average gain since 1950, according to the Stock Trader's Almanac. However, investors are wary of signs of waning risk appetite. Among them is the slide in bitcoin , which in recent days has dropped below $90,000 from over $125,000 in early October. "Bitcoin serves as a risk proxy for equities, so we'll be monitoring it closely," said King Lip, chief strategist at BakerAvenue Wealth Management. With the rebound, the S&P 500 on Wednesday was 1% off its late-October all-time high, while the Nasdaq Composite (.IXIC) , opens new tab was down 3% from its late-October peak. Technology stocks have weighed on indexes as questions emerge about the timing of returns on massive spending investments in AI infrastructure. Wall Street was also watching fallout from a rush of debt issuance by major tech companies to fund their AI expansions. "Investors are starting to rethink how quickly some of this ... is going to have an impact on bottom lines," said Paul Nolte, senior wealth adviser and market strategist at Murphy & Sylvest Wealth Management. Investors' spotlight this week fell particularly on Alphabet, which had been seen as an AI laggard but whose shares have soared in recent months, pushing its market value up to around $4 trillion. The Google parent has won strong early reviews for its new Gemini 3 AI model. A report this week that Meta Platforms (META.O) , opens new tab was in talks to spend billions of dollars on Google's chips rattled shares of semiconductor giant Nvidia, which has been the darling of the AI trade. ECONOMY IN FOCUS Economic releases in the coming week cover manufacturing and services activity, and consumer sentiment. Earnings reports are also due from cloud software provider Salesforce (CRM.N) , opens new tab and retailers including Kroger (KR.N) , opens new tab and Dollar Tree (DLTR.O) , opens new tab as a generally strong third-quarter reporting season for U.S. companies comes to a close. Investors will be eager for any clues about the economic backdrop from those reports, as well as from early indications about holiday consumer spending following Black Friday and Cyber Monday retail sales events. Many of the data releases that investors rely on to gauge the economy's health have been delayed or canceled due to the 43-day U.S. government shutdown that ended this month. It may not be until releases arrive in January that investors get a more complete view of the economy, said Anthony Saglimbene, chief market strategist at Ameriprise Financial. "Investors are going to have to deal with this fog ... through year-end," Saglimbene said. Despite the cloudy economic picture, traders have increased bets the Federal Reserve will cut rates at its December 9-10 meeting following comments from several central bank officials indicating willingness to ease policy. Fed funds futures late on Wednesday reflected over 80% odds that the central bank will cut by another quarter percentage point at the meeting, according to CME FedWatch, after such odds showed roughly a coin flip last week. Prospects of more monetary easing could benefit broader parts of the market beyond the tech and AI stocks that have dominated this year. For example, rate-sensitive shares of smaller companies have outperformed in recent days. "What I'm watching is through year-end if we do see the Fed cut rates, can we see more positive momentum in other areas outside of technology?" Saglimbene said. https://www.reuters.com/business/wall-st-week-ahead-investors-watch-ai-economic-updates-us-stocks-steady-2025-11-28/
