* Oil price retreats from highs, eases bond yield pressure. * Geopolitical tensions affect inflation and rate outlook. * Central banks face challenges with rate decisions. By Niket Nishant.
The Federal Reserve may deliver "fewer" interest rate cuts this year amid fears that the ongoing Middle East conflict could drive inflation higher, Wells Fargo Investment Institute said in a report on Monday. The US-Israel war against Iran entered its 10th day, with no signs of de-escalation.
Peru's central bank has been on hold at a reference rate of 4.25% since last August, said Scotiabank. It is likely to extend the hold at Thursday's policy meeting, noted the bank. It may sound more cautious toward prospects for any further easing in a bit of a hawkish tilt, stated Scotiabank. MT Newswires does not provide investment advice.
BLS wage data and December 2025 CPI figures show the hospitality pay surge has plateaued AUSTIN, Texas, March 9, 2026 Hospitality wages grew in 2025, but after inflation, the average food service worker ended the year only 26 cents an hour better off in real purchasing power. That's the finding from OysterLink's analysis of Bureau of Labor Statistics wage data and December 2025 CPI figures.
UBS said Monday it changed its Bank of England policy call and no longer expects the BoE to cut the Bank Rate at the next meeting on March 19. In light of the recent escalation in the Middle East and a spike in energy prices, the bank thinks the BoE's Monetary Policy Committee will prefer to wait for more clarity and stay on hold.
Consumer expectations for one-year US inflation growth slowed to a 3% gain in February from a 3.1% gain in the previous month, according to a survey released by the New York Federal Reserve Bank on Monday. The median inflation expectations were unchanged from a 3.0% gain for the three-year period and for five years ahead.
In what's likely to be the calm before the storm, Americans' inflation expectations were little changed in February amid mixed views on the state of the job market and current and future finances.
* Last month, NY Fed finds stability in expected infaltion path. * NY Fed survey does not capture Iran war impact. * NY Fed finds mixed job market views in February. By Michael S. Derby. In what's likely to be the calm before the storm, Americans' inflation expectations were little changed in February amid mixed views on the state of the job market and current and future finances.
* Dollar in high demand as investors look for safety. * Euro, sterling slip; yen languishes near 159 per dollar. * Inflation risks stall bets for central bank rate cuts. By Saqib Iqbal Ahmed.
Canada will publish its international merchandise trade data for Janaury on Thursday, said RBC. Canada's January merchandise trade balance is expected to show exports and imports slowed following stronger readings late last year, noted the bank. Energy prices surged in January, which likely drove much of the movement in the trade balance, given Canada's role as a major energy exporter, stated RBC.
Pakistan's central bank Mondays said its Monetary Policy Committee decided to keep the policy rate unchanged at 10.5%. "While the incoming data was largely consistent with the macroeconomic projections shared after the January meeting, the Committee observed that the macroeconomic outlook has become quite uncertain following outbreak of the war in the Middle East," wrote the central bank in its...
The escalating war in the Middle East has investors questioning some of 2026's most popular trades and themes, with global equities slumping, the dollar jumping and traders scaling back their bets for rate cuts from the Federal Reserve. "This year, investors have been positioning for growth. "Investors are looking at things cautiously and would still have more to unwind."
The escalating war in the Middle East has investors questioning some of 2026's most popular trades and themes, with global equities slumping, the dollar jumping and traders scaling back their bets for rate cuts from the Federal Reserve. "This year, investors have been positioning for growth. "Investors are looking at things cautiously and would still have more to unwind."
* Inflation surpasses Banxico's target, raising bets for a pause in rate cuts. * Consumer prices rose 4.02% in February, exceeding expectations. * Analysts warn against rate cuts amid rising inflation and oil prices. By Aida Pelaez-Fernandez.
Canada will release the Labour Force Survey for February on Friday, said CIBC. Employment may recover the ground lost in January, with that prior month's report treated with some skepticism due to the potential impact of large snowfall in Ontario during the survey week, noted the bank. CIBC estimates jobs to rise by 25,000 in February.
The US dollar rose against its major trading partners early Monday, except for a decline versus the Canadian dollar, with the focus this week on existing home sales and consumer price data for February and a revision to Q4 gross domestic product growth. Federal Reserve officials are in their 'quiet period' ahead of the Federal Open Market Committee meeting on March 17-18.
Central banks across Europe came under market pressure on Monday to lift interest rates as the war in Iran drove up energy costs and revived the spectre of another inflation wave. Money markets ramped up bets on rate increases by the European Central Bank, the Swiss National Bank and Sweden's Riksbank before year-end, with the Bank of England seen following suit in 2027.
* Dollar in high demand as investors scramble for liquidity. * Euro, sterling tumble; yen languishes near 159 per dollar. * Inflation risks stall bets for central bank rate cuts. By Jiaxing Li, Rae Wee and Harry Robertson.
* FTSE 100 down 1.1%, FTSE 250 down 1.6% * Shell and BP climb as crude prices approach $120 a barrel. * GSK to get $690 million from Alfasigma for linerixibat rights. March 9 - UK stocks fell to their lowest levels in nearly two months on Monday as rising oil prices intensified inflation fears and concerns over potential interest rate hikes amid ongoing U.S.-Israeli tensions with Iran.
The British government is talking to international partners and its central bank to assess ways to limit economic damage from the escalating Iranian crisis, Prime Minister Keir Starmer said on Monday, warning a prolonged crisis could be painful.
Federal Reserve Bank of Cleveland President Beth Hammack said on Friday that while she expects inflation pressures to moderate, if they are not easing later this year the U.S. central bank may have to weigh tighter monetary policy to ensure price pressures retreat to 2%. "My expectation has been that inflation would start making progress towards our 2% target.
* Dollar in high demand as investors scramble for liquidity. * Euro, sterling tumble; yen languishes near 159 per dollar. * Inflation risks stall bets for central bank rate cuts. By Jiaxing Li and Rae Wee.
* Emerging central banks face risk of capital outflow. * South Korea may shift to hawkish bias if inflation overshoots. * BOJ can less afford to pause as oil adds price pressure. * IMF urges policymakers to 'think of the unthinkable' By Leika Kihara.
* Dollar rises to over three-month high. * US 10-year Treasury yields at one-month high. * Crude oil prices rise about 15% * Iran names Khamenei's son Mojtaba as new supreme leader. By Noel John.
* 'Wealth of Nations' marks 250th anniversary on March 9. * Debate over legacy of Smith's ideas continues. * But his ideas on trade, wealth, labour still resonate. By Mark John. Tax the rich. Such are the rallying calls of many of today's most heated economic debates.
Tax the rich. Such are the rallying calls of many of today's most heated economic debates. Smith knew nothing of Donald Trump or tech billionaires when he railed against trade protectionism and extreme affluence in "The Wealth of Nations", the best-read economics book in history, which celebrates its 250th birthday on Monday.
The CNN Money Fear and Greed index showed a further increase in the overall fear level, while the index remained in the ?Fear? zone on Friday. U.S. stocks settled lower on Friday, with the Dow Jones index falling more than 450 points during the session.
Bonds across the globe sank on Monday as a rapidly worsening U.S.-Israeli war with Iran briefly pushed oil prices near $120, heightening investor fears over inflation which they bet may prompt European central banks to hike rates this year. Brent crude prices soared as much as 28% to almost $120 per barrel - their highest since July 2022 and were last up 14% at at around $105.
German industrial production fell unexpectedly in January by 0.5% compared to the previous month, the federal statistics office said on Monday. Analysts polled by Reuters had predicted a 1.0% rise. The office offers more detailed data on its website.
* Investors wary of inflation risks as oil prices surge. * Traders price in rate hikes from the ECB, BoE. * Analysts, investors say positioning shifts exacerbate moves. By Yoruk Bahceli and Ankur Banerjee.
The escalating crisis in the Middle East has dramatically changed the outlook for Asian central banks, with the huge supply shock posing a difficult trade-off between underpinning growth and countering inflation.
* Dollar rises to over three-month high. * US 10-year Treasury yields hit one-month high. * Crude oil prices rise about 20% * Iran names Khamenei's hardline son Mojtaba as new supreme leader. By Noel John.
* Emerging central banks face risk of capital outflow. * South Korea may shift to hawkish bias if inflation overshoots. * BOJ can less afford to pause as oil adds price pressure. * IMF urges policymakers to 'think of the unthinkable' By Leika Kihara.
* Dollar in high demand as investors scramble for liquidity. * Euro, sterling tumble; yen languishes near 159 per dollar. * Inflation risks stall bets for central bank rate cuts. By Jiaxing Li and Rae Wee.
* Dollar rises to over three-month high. * US 10-year Treasury yields hit one-month high. * Crude oil prices rise more than 20% * Iran names Khamenei's hardline son Mojtaba as new supreme leader. By Noel John.
* Dollar in high demand as investors scramble for liquidity. * Euro, sterling tumble; yen falters near 159 per dollar level. * Inflation risks stall bets for central bank rate cuts. By Tom Westbrook and Jiaxing Li.
* Safe-haven greenback hits 3-month high vs euro on war worries. * Asian currencies underperform due to high energy exposure. * Inflation risks stall bets for central bank rate cuts. By Tom Westbrook and Jiaxing Li.
China's annual consumer inflation accelerated in February, while producer deflation eased slightly, data from the National Bureau of Statistics showed on Monday. The consumer price index rose 1.3% compared with the same month last year, picking up from the 0.2% increase in January and beating the expected 0.8% rise in a Reuters poll.
Gold fell more than 2% on Monday, as
a stronger dollar weighed on greenback-priced bullion, while
higher energy costs fuelled inflation concerns and further
dimmed the prospects for near-term ...
Global stock prices fell on?Monday and investors desperate for liquidity bid up the U.S. dollar, as surging oil prices looked likely to stoke inflation around the globe, leading central banks to raise interest rates.
* Oil prices in focus as Brent crude tops $90 a barrel. * CPI on Wednesday to give February inflation view. * Weak jobs report for February also weighs on stocks. * VIX volatility index hits highest level since April 2025. By Lewis Krauskopf.
Tax the rich. Such are the rallying calls of many of today's most heated economic debates. Smith knew nothing of Donald Trump or tech billionaires when he railed against trade protectionism and extreme affluence in "The Wealth of Nations", the best-read economics book in history, which celebrates its 250th birthday on Monday.
* 'Wealth of Nations' marks 250th anniversary on March 9. * Debate over legacy of Smith's ideas continues. * But his ideas on trade, wealth, labour still resonate. By Mark John. Tax the rich. Such are the rallying calls of many of today's most heated economic debates.
BEIJING, March 8, 2026 China's GDP is expected to grow by over 6 trillion yuan in 2026, equivalent to the total annual GDP volume of a developed economy, Zheng Shanjie, head of the National Development and Reform Commission, the country's top economic planner, told a press conference on the sidelines of the fourth session of the 14th National People's Congress in Beijing on Friday.
BEIJING, March 7, 2026 ?A news report from China.org.cn on China's new efforts on further opening up: ? The year 2026 marks the beginning of China's 15th Five-Year Plan period. For years, China has been the largest contributor to world economic growth. Sharing opportunities and pursuing common development has long been China's approach.
China's central bank kept purchasing gold for a 16th straight months, with its holdings totalling 74.22 million fine troy ounces by the end of February, versus the previous month's 74.19 million. The value of China's gold reserves stood at $387.59 billion at the end of last month, up from $369.58 billion a month earlier, data from the People's Bank of China showed on Saturday.
China's foreign exchange reserves rose to $3.428 trillion at the end of February, central bank data showed on Saturday, as the dollar took a reprieve after a months-long decline. The country's foreign exchange reserves, the world's largest, matched a Reuters poll forecast of $3.4 trillion and were up from $3.399 trillion at the end of January.
China gold reserves rose to 74.22 million fine troy ounces at the end of February from 74.19 million a month earlier, data from the People's Bank of China showed on Saturday.
China's foreign exchange reserves rose to $3.428 trillion at the end of February from $3.399 trillion a month earlier, central bank data showed on Saturday, as the dollar took a reprieve after a months-long decline.
BEIJING, March 6, 2026 GDP growth of 4.5 percent to 5 percent, while striving for better results in practice - this is one of the main development targets for this year outlined in the Government Work Report. Economic growth targets have long attracted close attention.
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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