* Tesla hits record high on Hertz order, PT raise. * PayPal (PYPL) jumps on nixing Pinterest (PINS) acquisition reports. * Facebook (FB) set to kick off mega-cap tech results. * Indexes up: Dow 0.15%, S&P 0.47%, Nasdaq 0.80% By Devik Jain and Shashank Nayar.
* Lira has lost nearly quarter of its value this year. * Erdogan weekend call to expel envoys sent lira to record low. By Daren Butler. Turkey's lira performed a volte face and bonds bounced back from multi-month lows after President Tayyip Erdogan welcomed statements on Monday from several Western embassies, paving the way for the de-escalation of a diplomatic row.
State and local governments distributed nearly $2.8 billion in Emergency Rental Assistance program funds in September, up from about $2.6 billion in August and bringing the year-to-date total to $10.3 billion, the U.S. Treasury said on Monday. The Treasury said some 510,000 American households were helped by the aid to pay rent, utilities and arrears, compared to 459,000 in August.
Sterling rose slightly on Monday but remained within recent ranges as analysts said concerns about economic growth and inflation limited its gains from expectations that the Bank of England will raise rates.
U.S. Treasury yields fell on
Monday in choppy trading, weighed down by market uncertainty
about when the Federal Reserve would tighten monetary policy in
the face of persistently high inflation.
The dollar rose from a
one-month low on Monday, ahead of central bank meetings and
economic data coming later this week, boosted by the prospect of
a tighter U.S. monetary policy.
Fitch: * FITCH SAYS CHILEAN TELECOM INDUSTRY FACES 5G AND FIBER OPTIC INVESTMENT CHALLENGE. * FITCH, ON CHILEAN TELECOM INDUSTRY SAYS,MOBILE OPERATORS FACE CHALLENGE OF ASSUMING MORE INVESTMENT RELATED TO EXPANSION OF 5G & FIBER OPTIC NETWORK Source text for Eikon:
The Canadian dollar barely moved
against its U.S. counterpart on Monday as data showed that
speculators have cut bearish bets on the currency to the lowest
in five weeks and ahead of a Bank of Canada ...
* Investors await BoJ, ECB policy meetings due this week. * Palladium, platinum rise more than 1% each. By Amy Caren Daniel. Gold prices rose about 1% on Monday, as a retreat in U.S. bond yields and persisting worries about inflation lifted the safe-haven asset ahead of major central bank meetings this week. Spot gold was up 0.9% at $1,807.66 per ounce by 11:39 a.m. ET.
Latin American currencies firmed on
Monday, with Brazil's real lifting off six-month lows, as
rallying commodity prices kept sentiment buoyed in the
resource-rich region.
Consumer ...
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