News Results

  1. Bank of England's Bailey says no stress in UK banking system
    Reuters | 05:19 AM EDT

    Bank of England Governor Andrew Bailey said on Tuesday that stress was not being caused in the British banking system by recent problems that have triggered turmoil elsewhere, but the central bank remained vigilant. "I don't think that any, and we've said this, that any of these features cause stress in the UK banking system," Bailey told parliament's Treasury Committee.

  2. EMERGING MARKETS-Stocks bounce as banking fears ease, Hungary rate decision eyed
    Reuters | 05:12 AM EDT

    * MSCI's EM stocks index rises after two days of falls. * Hungary cenbank to leave base rate steady later in the day. * Bank of Mexico seen hiking key rate by 25 bps on Thursday. By Shreyashi Sanyal.

  3. Russian oil and gas output to decline this year - energy minister
    Reuters | 03:51 AM EDT

    Russia's energy minister said on Tuesday that the country had managed to successfully re-direct its oil exports to new markets, but that oil and gas production was expected to decline in 2023.

  4. Kuroda says BOJ needs to be ready to issue digital yen
    Reuters | 01:16 AM EDT

    The Bank of Japan must be ready to issue central bank digital currencies that coexist with various other forms of money to offer the public a safe digital payment system, its governor Haruhiko Kuroda said on Tuesday.

  5. ChatGPT-Like AI To Affect 300M Jobs Across Major Economies, Boost GDP 7%, Says Goldman Sachs
    | 03/27/23 11:59 PM EDT

    A quarter of work in major economies could be automated thanks to breakthroughs in ChatGPT-like artificial intelligence technologies, according to Goldman Sachs.

  6. PRECIOUS-Gold firms as softer dollar counters banking reprieve
    Reuters | 03/27/23 11:31 PM EDT

    * Gold might break resistance at $2,070 in H2 - technicals. * U.S. dollar down 0.2% * Global stocks rise on Tuesday. By Kavya Guduru. Gold edged up on Tuesday as the dollar slipped, although an improvement in risk appetite after efforts by regulators to allay fears over the global banking system slowed safe haven inflows into bullion. Spot gold was up 0.2% at $1,959.63 per ounce, as of 0557 GMT.

  7. Asia growth rate estimated at 4.5% in 2023 - Boao Forum annual report
    Reuters | 03/27/23 10:00 PM EDT

    Asia is expected to record weighted real GDP growth of 4.5% this year, up from the 4.2% last year, the Boao Forum for Asia said in its annual report summary on Tuesday. The report also said Asian growth is likely to be a standout in 2023 in light of the global economic slowdown.

  8. PRECIOUS-Gold edges higher on softer dollar; banking optimism limits appeal
    Reuters | 03/27/23 09:07 PM EDT

    Gold prices edged up on Tuesday as the U.S. dollar eased, although an improvement in risk appetite after efforts by regulators to contain worries over the global banking system limited the safe-haven metal's appeal . FUNDAMENTALS. * Spot gold was up 0.1% at $1,958.85 per ounce, as of 0048 GMT. * The dollar index eased 0.1%, making bullion more affordable for buyers holding other currencies.

  9. Fed's Jefferson: Stress among small, regional banks, could hit small businesses hardest
    Reuters | 03/27/23 06:55 PM EDT

    The shuffling of deposits from small to large banks could have a disproportionate impact on U.S. small businesses that depend heavily on community and regional financial institutions for credit, Federal Reserve Governor Philip Jefferson said on Monday.

  10. World near peak of interest rate cycle -HSBC Australia CEO
    Reuters | 03/27/23 06:49 PM EDT

    Central banks in the U.S. and Australia are close to pausing rate increases as they strike a balance between financial stability and inflation fighting, HSBC Australia Chief Executive Antony Shaw said on Tuesday.

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.

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