European Central Bank policymakers are becoming increasingly confident about cutting interest rates in June as inflation continues its march lower, but there is little to no appetite for a big move, six sources told Reuters.
Global policymakers gathering in Washington this week breathed a collective sigh of relief that the U.S.-centric economic order that prevailed for the past 80 years was not collapsing just yet despite Donald Trump's inward-looking approach.
* Trump eases pressure on Fed after market backlash. * U.S. signals it will stay in IMF, World Bank. * Policymakers have no alternative to dollar system. By Francesco Canepa, Jan Strupczewski and Leika Kihara.
Japan may have averted U.S. pressure for a stronger yen in bilateral finance talks on Thursday, but a closer look at officials' descriptions of the meeting suggests currencies and the Bank of Japan's interest rate policy may remain key factors in broader trade negotiations.
-U.S. President Donald Trump asserted in an interview published on Friday that tariff negotiations were under way with China, but Beijing denied any talks were taking place, the latest in a series of conflicting signals over what progress was being made to de-escalate a trade war threatening to sap global growth.
-U.S. President Donald Trump asserted in an interview published on Friday that tariff negotiations were under way with China, but Beijing denied any talks were taking place, the latest in a series of conflicting signals over what progress was being made to de-escalate a trade war threatening to sap global growth.
Former Federal Reserve Governor Kevin Warsh, with whom President Donald Trump is reported to have discussed firing U.S. central bank chief Jerome Powell and installing him in his place, on Friday unleashed a barrage of criticism of the Fed and argued for fundamental changes to how it operates.
Rising risks around global trade, general policy uncertainty, and the sustainability of U.S. debt topped the list of potential risks to the U.S. financial system in a new Federal Reserve survey released on Friday.
International Monetary Fund member countries said on Friday that rising trade tensions were sapping growth and fueling uncertainty as well as market and financial stability risks, but reaffirmed their commitment to the institution as critical to helping countries navigate a difficult environment.
* Cautious optimism markets may stabilize after sharp volatility. * But trade deal hopes may not last long. * Perceived Fed's flexibility on rate cuts helps push yields lower. * Yield curve 'bull-flattens' on cloudy economic outlook. By Davide Barbuscia.
China's central bank governor on Friday criticized the U.S. for threatening global financial stability with its "recent abuse" of tariffs, in the wake of recent moves seen by both sides as efforts to de-escalate their trade war.
* Rebuilding central bank and boosting revenue capacity will be key, Georgieva says. * Saudi Arabia said it's ready to pay off Syria's World Bank debts. * Other countries will also need help, Saudi finance chief says. By Andrea Shalal and Karin Strohecker.
China's central bank governor on Friday criticized the U.S. for threatening global financial stability with its "recent abuse" of tariffs, in the wake of recent moves seen by both sides as efforts to de-escalate their trade war.
Japan may have averted U.S. pressure for a stronger yen in bilateral finance talks on Thursday, but a closer look at officials' descriptions of the meeting suggests currencies and the Bank of Japan's interest rate policy may remain key factors in broader trade negotiations.
The European Union will do all it can to engage with the U.S. on trade and reduce the massive uncertainty that is weighing down the global economy, Irish Finance Minister Paschal Donohoe said on Friday, underscoring unity among the bloc's members.
The European Union will do all it can to engage with the U.S. on trade and reduce the massive uncertainty that is weighing down the global economy, Irish Finance Minister Paschal Donohoe said on Friday, underscoring unity among the bloc's members.
* EU bond prices ease on hopes that tariffs may be less severe. * German 2-year yields halt 6-week falling streak. * Analyst says Trump will eventually back down on China. * US Treasury yields broadly flat after falling on Thursday. By Stefano Rebaudo and Yadarisa Shabong.
U.S. consumer sentiment ebbed for a fourth straight month in April amid concerns about the economic impact of tariffs. The University of Michigan Surveys of Consumers said on Friday its Consumer Sentiment Index came in at 52.2 this month.
U.S. consumer sentiment ebbed for a fourth straight month in April amid concerns about the economic impact of tariffs. The University of Michigan Surveys of Consumers said on Friday its Consumer Sentiment Index came in at 52.2 this month.
- Analysts expect U.S. President Donald Trump's tariffs to weaken global economic growth, fuel volatility in markets and raise inflationary pressures. Earlier this week, Deutsche Bank, which had held the highest year-end target for the S&P 500 index so far, slashed it 6,150 from 7,000.
The Russian central bank maintained its key interest rate at 21% on Friday, with inflation starting to decline but new risks facing the Russian economy because of global economic turbulence triggered by U.S. trade tariffs.
-U.S. President Donald Trump asserted in an interview published Friday that tariff negotiations were underway with China, but Beijing denied any talks were taking place, the latest in a series of conflicting signals over what progress was being made to de-escalate a trade war threatening to sap global growth.
-U.S. President Donald Trump asserted in an interview published on Friday that tariff negotiations were underway with China, but Beijing denied any talks were taking place, the latest in a series of conflicting signals over what progress was being made to de-escalate a trade war threatening to sap global growth.
* Will take a hard look at its supply chain. * North America accounts for 73% of Seven & i's (SVNDF) overall revenue. * Still plans on IPO for North American unit in second half of 2026. By Anton Bridge.
The Bank of England said on Friday it will focus on a scenario involving a market panic about a trade war and sovereign debt risks in this year's stress test of central counterparties, which form a key part of global financial infrastructure.
The Bank of England said on Friday it will focus on a scenario involving a market panic about a trade war and sovereign debt risks in this year's stress test of central counterparties, which form a key part of global financial infrastructure.
Brazil's annual inflation sped up in line with market expectations in early April, official data showed on Friday, hitting its highest in more than two years ahead of the central bank's next interest rate-setting meeting in May. The IPCA-15 consumer price index rose 5.49% in the 12 months through mid-April, statistics agency IBGE said.
* Cryptocurrency advocates pushing for SNB to diversify reserves. * Want central bank to hold bitcoin alongside gold. * SNB chair says market liquidity, value fluctuations are issues.
* Expectations for a less painful impact of tariffs supports yields. * German 2-year yields set to snap 6-week falling streak. * Analysts say Trump will eventually back down on China. * US Treasury yields flat after falling on Thursday. * Focus also on ECB speakers. * By Stefano Rebaudo.
* Inflation starts to decline, turning point expected in May. * Global economic turbulence seen as key inflationary factor. * Rouble strength seen as more sustainable in April. * Economy slowing with oil price drop; budget revenue declining. By Elena Fabrichnaya and Gleb Bryanski.
Russia may supply 1.8 billion cubic metres of natural gas to Iran this year at a price which has yet to be agreed, the two countries said on Friday. Iranian Oil Minister Mohsen Paknejad, on a visit to Moscow, said the deal had not been finalised but the two countries were working to clinch it as soon as possible.
U.S. banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities. The Federal Reserve said it was withdrawing a pair of supervisory letters stipulating that banks should seek advance approval from regulators before engaging in crypto-asset and stablecoin activities.
* Iran, Russia tighten cooperation in face of Western sanctions. * Iran seeks to improve ties with Russia in banking, agriculture. * Tehran and Moscow eye 'gas hub' in Iran. * Russia may ship 1.8 bcm of gas to Iran in 2025, price not agreed. * Russia may fund construction of a nuclear power plant in Iran. * Iranian oil minister: OPEC+ will ensure global market stability. By Olesya Astakhova.
Cryptocurrency campaigners have stepped up calls for the Swiss National Bank to buy bitcoin, saying the global economic turmoil triggered by U.S. President Donald Trump's tariffs made it more important for the central bank to diversify its reserves.
Toyota Motor Corp (TM): * TOYOTA MOTOR TO ISSUE 300 BILLION YEN BONDS TO FINANCE CAPITAL EXPENDITURE, OPERATION - FILING Source text: https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100VNT2.pdf Further company coverage:
Japanese government bond yields rose across the curve on Friday after Tokyo's inflation hit a two-year high, reviving bets for the Bank of Japan's interest rate hikes. The 10-year JGB yield rose 4 basis points to 1.35%, its highest since April 15.
* Will take a hard look at its supply chain. * North America accounts for 73% of Seven & i's (SVNDF) overall revenue. * Still plans on IPO for North American unit in second half of 2026. By Anton Bridge.
Malaysia is open to negotiate with the United States on non-tariff barriers and reducing its trade deficit and will explore a bilateral trade agreement, its trade ministry said on Friday.
China warned a G20 meeting that world economic growth was "insufficient" as tariff and trade wars exacerbated economic and financial instability and sapped growth momentum, its finance ministry and central bank said.
* Tokyo core CPI up 3.4%, above f'cast of 3.2% gain. * Inflation excluding fresh food, fuel accelerates to 3.1% y/y. * High inflation makes BOJ's balancing act more challenging. By Makiko Yamazaki.
Participants at a G20 finance ministers and central bank governors meeting in Washington flagged that downside risks have risen significantly even as the global economy continues to recover, China's central bank said on Friday. All parties expressed concern about the negative impact of the escalation of trade frictions, and called for strengthening dialogue and policy coordination, it said.
-Minneapolis Federal Reserve Bank President Neel Kashkari on Thursday said the extreme uncertainty over U.S. trade policy has him "nervous" about big layoffs, though so far he has only heard about businesses starting to plan for the possibility if the uncertainty lasts.
* Rise in Tokyo core CPI above forecast. * Inflation excluding fresh food, fuel accelerates to 3.1% y/y. By Makiko Yamazaki. Core consumer prices in Japan's capital rose 3.4% in April from a year earlier, data showed on Friday, accelerating for the second straight month and making the central bank's task of balancing risks from higher U.S. tariffs and rising prices more challenging.
* BOJ will keep raising rates if inflation heads for 2%, Ueda says. * BOJ to scrutinise how data affects likelihood of meeting target. * No divergence in policymakers' view on tariff impact on growth. * BOJ set to keep rates steady next week, cut growth f'casts. By Leika Kihara.
British finance minister Rachel Reeves said on Thursday she shared some of U.S. President Donald Trump's concerns about imbalances in the world economy, a day before she was due to discuss a trade deal with her U.S. counterpart. Reeves, speaking at the International Monetary Fund, said trade tariffs - launched this month by Trump and followed up by China - benefited no one.
Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will continue to raise interest rates if underlying inflation converges toward its 2% inflation target as projected.
Ethiopia's inflation is expected to decline to 10% in the coming financial year, the country's central bank chief Mamo Mihretu said on Thursday, the lowest level in a decade thanks to the government's reform programme.
Eastern Bankshares (EBC) will acquire HarborOne Bancorp (HONE) in a stock and cash deal valued at $490 million, the lenders said on Thursday, as bank consolidation gains traction in an uncertain market.
U.S. banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities. The Federal Reserve said it was withdrawing a pair of supervisory letters stipulating that banks should seek advance approval from regulators before engaging in crypto-asset and stablecoin activities.
U.S. banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities. The Federal Reserve said it was withdrawing a pair of supervisory letters stipulating that banks should seek advance approval from regulators before engaging in crypto-asset and stablecoin activities.
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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