U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.
-U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.
Brazil's economic activity unexpectedly fell in May, central bank data showed on Monday, dragged down by a sharp drop in the farm sector along with declines in tax revenue and industrial output. The IBC-Br index, a leading indicator of gross domestic product, fell 0.7% in May from April on a seasonally adjusted basis, well below the flat reading expected in a Reuters poll.
* Zero rates likely to squeeze Swiss bank lending margins. * Banks expected to pass on cost to borrowers. * Last zero rate phase fuelled higher property prices. By Oliver Hirt, John Revill, Ariane Luthi.
* Trump threatens 30% tariffs on EU, Mexico. * * US CPI, PPI data due later this week. By Anushree Mukherjee. Gold rose to a three-week high on Monday, boosted by safe-haven demand after U.S. President Donald Trump threatened tariffs on the European Union and Mexico, while silver hit a near 14-year peak.
* FTSE 100 up 0.4%; FTSE 250 gains 0.3% * AstraZeneca (AZN) gains after drug meets late study goals. * Associated British Foods (ASBFF) up after stock upgrade. June 13 - The UK's blue chip index held just below its all-time high hit last week as investors assessed the trajectory of U.S. tariffs as well as domestic interest rates, while AstraZeneca (AZN) gained on successful drug trial results.
What matters in U.S. and global markets today. By Mike Dolan, Editor-At-Large, Finance and Markets?. European markets have given something of a gallic shrug to Donald Trump's tariff threat against the region over the weekend, with investor concern instead appearing to build about the intensifying White House attack on Federal Reserve chair Jerome Powell.
By Mike Dolan. What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets. European markets. have given something of a gallic shrug to Donald Trump's tariff threat. against the region. over the weekend, with investor concern instead appearing to build about the intensifying White House attack on Federal Reserve chair. Jerome Powell.
U.S. President Donald Trump says the Federal Reserve should set its benchmark interest rate at 1% to lower government borrowing costs, allowing the administration to finance the high and rising deficits expected from his spending and tax-cut bill. Trump should be careful what he wishes for.
German exporters have lost significant ground in global markets since 2021 due mainly to a broad-based deterioration in the country's competitiveness, the Bundesbank said on Monday.
* US president is pressuring Fed to sharply lower interest rates. * Fed policy rate of 1% is typically a sign of economic crisis. * Cuts to that level could reignite inflation, raising government borrowing costs. By Howard Schneider.
U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.
-U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.
-U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.
* June new yuan loans 2.24 trln yuan vs May's 620 bln yuan. * TSF growth quickest since February 2024. * Economist warns tailwind may fade over the rest of year. * China due to release Q2 GDP data on Tuesday. By Kevin Yao and Ellen Zhang.
By Mike Peacock. Investors may be fixated on Donald Trump's attacks on the Federal Reserve, but the Bank of England also faces increasing political scrutiny, raising alarm bells about the future of central bank independence.
* China's export growth quickened in June, imports rebound. * Exporters making most of U.S.-China tariff truce, analysts say. * China's trade surplus grew to $114.7 billion last month. By Joe Cash and Ethan Wang.
* Euro, Mexican peso dip after Trump's latest tariff threats. * Overall currency reaction muted. * Trump calls for Powell to step down again. * Traders eye China GDP, US CPI releases. By Rae Wee.
* Trump threatens 30% tariffs on EU. * Focus on US CPI data due on Tuesday. * Gold speculators cut net long positions - CFTC. By Brijesh Patel. Gold prices touched a three-week high on Monday, supported by safe-haven demand after U.S. President Donald Trump threatened to impose a 30% tariff on imports from the European Union and Mexico.
* Euro, Mexican peso dip after Trump's latest tariff threats. * Overall currency reaction muted. * Trump calls for Powell to step down again. * Traders eye China GDP, US CPI releases. By Rae Wee.
* White House's Hassett: Fed has 'a lot to answer for' on cost overruns. * Trump can fire Fed Chair Powell 'for cause,' Hassett says. * Republican lawmaker Hill: Trump can criticize, but not fire Powell. * Potential Fed candidate Warsh calls for 'regime change' at Fed. By David Lawder.
Corrects cost overrun figure to $700 million in second paragraph. U.S. President Donald Trump has the authority to fire Federal Reserve Chair Jerome Powell for cause if evidence supports that, White House economic adviser Kevin Hassett said on Sunday, adding that the Fed "has a lot to answer for" on renovation cost overruns at its Washington headquarters.
* EU position attracts swift backing from European capitals. * Bloc ready to take 'proportionate countermeasures' if needed. * Macron says Commission must defend bloc's interests 'resolutely' * Trump's biggest grievance is merchandise trade deficit.
Brazil's central bank will sell up to $1 billion in a dollar auction with repurchase agreement on July 15, it said in a statement on Friday. The auction will start at 10:30 a.m. local time on Tuesday, the central bank said, adding the repurchase is set for November 4. In recent months, the central bank has been promoting. auctions. to roll over maturities scheduled for the beginning of each month.
Brazil's central bank will sell up to $1 billion in a spot dollar auction with repurchase agreement on July 15, it said in a statement on Friday. The auction will start at 10:30 a.m. local time, the authority added.
Canada's main stock index pulled back on Friday from a record high as investors weighed the prospect of increased U.S. tariffs on Canadian goods and after domestic jobs data clipped expectations the Bank of Canada would resume its easing campaign. The S&P/TSX composite index ended down 59.05 points, or 0.22%, at 27,023.25, after notching a record closing high on Thursday.
-U.S. President Donald Trump's fresh tariff announcements make it "messy" to interpret the state of the economy, Chicago Federal Reserve Bank President Austan Goolsbee said, adding that he is hearing a lot of anxiety from business contacts about coming inflation that is not yet obvious in the data.
U.S. President Donald Trump's fresh tariff announcements make it "messy" to interpret the state of the economy, Chicago Federal Reserve Bank President Austan Goolsbee said, adding that he is hearing a lot of anxiety from business contacts about coming inflation that is not yet obvious in the data.
-Major brokerages, including Goldman Sachs, J.P.Morgan and Morgan Stanley, have forecast slower global growth for late 2025 due to economic uncertainty fueled by tariffs and geopolitical tensions.
U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.
-U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.
-U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.
* Employment increases in wholesale and retail trade. * Tariff-exposed manufacturing sector also posts a rise. * Unemployment was up 9% on a yearly basis in June. * Average hourly wage of permanent employees slowed to 3.2% By Promit Mukherjee.
Sterling slipped on Friday and was trading close to a more than two-week low after data showed the UK economy contracted for the second month, boosting expectations that the Bank of England could lower borrowing costs next month.
* UK GDP falls 0.1% in May, after 0.3% decline in April. * Drops in industry and construction cancel out services growth. * Data adds to difficulties for UK growth-seeking government. * Finance minister Reeves says data "disappointing" By Andy Bruce and William Schomberg.
The Bank of Japan will gradually sell exchange-traded funds in the market, rather than opt for other ideas like transferring them to government entities, when it decides to unload its holdings in the future, Goldman Sachs said on Friday. The central bank purchased ETFs for 13 years from 2010 as part of its ultra-loose monetary policy aimed at reflating a moribund economy.
China's economy is expected to have slowed down in the second quarter from a solid start to the year as trade tensions with the United States added to deflationary pressures, reinforcing expectations that Beijing may need to roll out more stimulus.
The hurdle for another interest rate cut by the European Central Bank is "very high" as the euro zone economy is holding up better than expected and inflation is moored at 2%, ECB board member Isabel Schnabel said in an interview published on Friday. "Inflation is projected to be at 2% and inflation expectations are well anchored," Schnabel told financial newswire Econonostream.
-The White House on Thursday launched a fresh attack on Federal Reserve Chair Jerome Powell, with a top Trump administration official saying Powell had "grossly mismanaged" the central bank, chastising him for running a deficit and for extensive cost overruns for building renovations.
-The White House on Thursday launched a fresh attack on Federal Reserve Chair Jerome Powell, with a top Trump administration official saying Powell had "grossly mismanaged" the central bank, chastising him for running a deficit and for extensive cost overruns for building renovations.
The White House on Thursday launched a fresh attack on Federal Reserve Chair Jerome Powell, with a top Trump administration official saying Powell had "grossly mismanaged" the central bank, chastising him for running a deficit and for extensive cost overruns for building renovations.
Federal Reserve Bank of San Francisco President Mary Daly said on Thursday the time to cut rates is nearing, without saying when she believes that should happen. "I really am of the view that it's time" to weigh the need to cut interest rates to ensure the economy stays in the good place where it currently resides, Daly said at an event held by Market News International.
The Federal Reserve on Thursday proposed tweaks to how it evaluates large banks by making it easier for them to be considered "well managed," removing a hurdle for potential acquisitions and other restrictions. The proposal would adjust the U.S. central bank's supervisory framework for large banks, where supervisors grade banks on four separate criteria.
The Federal Reserve on Thursday proposed tweaks to how it evaluates large banks by making it easier for them to be considered "well managed," removing a hurdle for potential acquisitions and other restrictions. The proposal would adjust the U.S. central bank's supervisory framework for large banks, where supervisors grade banks on four separate criteria.
The Federal Reserve on Thursday proposed easing how it supervises large banks by making it easier for them to be considered "well managed" and not subjected to additional limitations and scrutiny. The proposal would adjust the Fed's supervisory framework for large banks, where supervisors grade banks on four separate criteria.
Federal Reserve Governor Christopher Waller said Thursday stablecoins will bolster competition in the payments system, and that that was a good thing. The rise of stablecoins will make many types of payments cheaper and faster, Waller said at an event at the Dallas Fed. He also said stablecoins may depress demand for U.S. paper currency while bolstering demand for the dollar in general.?.
Federal Reserve Governor Christopher Waller said on Thursday the U.S. central bank still has some ways to go in shrinking the size of its holdings, in comments that offered a potential resting size for the ongoing drawdown, while reiterating a case is still there to cut the central bank's interest rate target later this month.
* Majority of bank's board open to gradual rate cuts. * Most governors see favorable medium-term inflation determinants. * Headline inflation eased in June but remains above target. * Dissenting governor Heath calls for prudence. * * By Brendan O'Boyle.
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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