News Highlights: Top Global Markets News of the Day

BY Dow Jones & Company, Inc. | ECONOMIC | 09/27/21 09:15 PM EDT

Fed's Powell Says Inflation Is Elevated but Likely to Moderate

The Federal Reserve chairman is set to testify before Congress with Treasury Secretary Janet Yellen on Tuesday.

Stocks Finish Mixed as Energy Rallies

U.S. share benchmarks wobbled, bond yields rose and oil hit its highest level in nearly three years, as investors bet on further economic reopening but remained concerned about supply-chain disruptions.

GOP Senators Block Democratic Bill to Fund Government, Suspend Debt Ceiling

Republicans and Democrats remain at loggerheads over the government's finances just days before it runs out of money.

China Power Outages Pose New Threat to Supply Chains

Coal shortages and efforts to control energy consumption make it harder for Chinese factories to operate.

Fed's Williams: Tapering Bond Buying 'May Soon Be Warranted'

Federal Reserve Bank of New York President John Williams said the time for the central bank to pull back on asset buying is coming up, but he indicated rate rises still lie well off.

Fed Leaders Rosengren, Kaplan to Resign Amid Trading Controversy

The moves follow reports of the Boston Fed and Dallas Fed presidents' investment trading that prompted calls for their departures and a central-bank review of ethics rules.

SEC Panel Backs Letting Ordinary Investors Into Private Equity

The SEC's Asset Management Advisory Committee recommended that the regulator increase ordinary investors' access to private-equity, private-debt and real-estate vehicles, a change long sought by asset managers.

Panic Buying in U.K. Creates Shortages at Gas Stations

The Covid-19 pandemic and the U.K.'s departure from the European Union have resulted in a shortage of tanker drivers to ferry fuel to gas stations.

Germany's Election Gives Two Smaller Parties Outsize Influence

Germany's political parties began what could be a monthslong bargaining process to form the next government, with two smaller parties in a position to decide who will succeed Angela Merkel as chancellor.

Evergrande Worries Help Fuel Selloff at Chinese Developer Sunac

Investors sold down securities after a leaked document showed a Sunac China Holdings unit asking for government help to ease its liquidity difficulties.


  (END) Dow Jones Newswires
  09-27-21 2115ET
  Copyright (c) 2021 Dow Jones & Company, Inc.

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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