* US consumer confidence reading falls in March. * Fed's Kugler sees slow progress on US inflation. * US two-year note auction results were better than expected. By Gertrude Chavez-Dreyfuss and Douglas Gillison.
U.S. consumer confidence plunged to the lowest level in more than four years in March, with households fearing a recession in the future and higher inflation because of tariffs.
* Dollar dips after hitting three-week high. * Stocks rise modestly after strong rally. * German business sentiment improves. By Chuck Mikolajczak. Global stocks were slightly higher on Tuesday, after a sharp rally in the prior session on hopes U.S. President Donald Trump would take a more measured approach on tariffs than feared, while the dollar eased from a three-week high.
* KB Home (KBH) falls after downbeat annual revenue forecast. * Consumer confidence stands at 92.9 in March. * CrowdStrike (CRWD) gains after brokerage rating. * Indexes up: Dow 0.04%, S&P 500 0.13%, Nasdaq 0.32% By Pranav Kashyap and Johann M Cherian.
* Consumer confidence index tumbles to four-year low in March. * Future expectations measure lowest in 12 years. * Inflation still a major concern; fears about tariffs mounting. By Lucia Mutikani. U.S. consumer confidence plunged to the lowest level in more than four years in March, with households fearing a recession in the future and higher inflation because of tariffs.
* Canadian dollar gains 0.1% against the greenback. * Touches its strongest since March 18 at 1.4272. * Price of oil falls 0.6% * Bond yields ease across the curve. By Fergal Smith.
* US consumer confidence weakens in March. * Euro boosted by rising German business morale. * Traders remain cautious on Trump's trade tariffs. By Karen Brettell.
* Dollar dips after hitting three-week high. * Stocks rise modestly after strong rally. * German business sentiment improves. By Chuck Mikolajczak. Global stocks were slightly higher on Tuesday, after a sharp rally in the prior session on hopes U.S. President Donald Trump would take a more measured approach on tariffs than feared, while the dollar eased from a three-week high.
Copper prices extended gains to their highest in nearly six months on Tuesday as traders kept up speculative buying based on expected U.S. tariffs and the dollar weakened after U.S. data. Benchmark three-month copper on the London Metal Exchange shot up 1.5% to $10,105 a metric ton by 1730 GMT, having hit the strongest since September 30 at $10,130 after gaining 1% on Monday.
* US consumer confidence reading falls in March. * Fed's Kugler sees slow progress on US inflation. * Focus on US two-year note auction. By Douglas Gillison and Davide Barbuscia.
* KB Home (KBH) falls after downbeat annual revenue forecast. * Consumer confidence stands at 92.9 in March. * CrowdStrike (CRWD) gains after brokerage rating. * Indexes: Dow falls 0.02%, S&P 500 up 0.11%, Nasdaq up 0.15% By Pranav Kashyap and Johann M Cherian.
U.S. consumer confidence plunged to the lowest level in more than four years in March, with households fearing a recession in the future and higher inflation because of tariffs.
U.S. consumer confidence dropped for a fourth straight month in March, with households the most pessimistic about the future in 12 years, a survey showed on Tuesday. The Conference Board said its consumer confidence index plunged 7.2 points to 92.9 this month.
* KB Home (KBH) falls after downbeat annual revenue forecast. * Consumer confidence data for March due at 10 a.m. ET. * CrowdStrike (CRWD) gains after brokerage rating. * Futures up: Dow 0.22%, S&P 500 0.28%, Nasdaq 0.26% By Pranav Kashyap, Johann M Cherian.
- Federal Reserve interest rate policy remains restrictive and well-positioned, Fed Governor Adriana Kugler said on Tuesday, but progress on bringing inflation back to the central bank's 2% target has slowed since last summer and the uptick in goods inflation seen in the latest data is "unhelpful."
- Federal Reserve interest rate policy remains restrictive and well-positioned, Fed Governor Adriana Kugler said on Tuesday, but progress on bringing inflation back to the central bank's 2% target has slowed since last summer and the uptick in goods inflation seen in the latest data is "unhelpful."
Brazil Planning Minister Simone Tebet said on Tuesday that she believes that conditions should be in place for the central bank to deliver interest-rate cuts in the second half of the year, even if the move is small.
* Ex-Citi, USB star was first trader ever jailed for rate-rigging. * Served five and a half years of original 14-year sentence. * Appealing alongside another trader convicted of Euribor fixing.
Brazil's Planning Minister Simone Tebet said on Tuesday she believes conditions should be in place for the central bank to deliver interest rate cuts in the second half of the year, even if the move is small.
Brazil's central bank said on Tuesday that given heightened uncertainty, it chose to signal only the direction of its next move, emphasizing that due to monetary policy lags, it was appropriate to indicate a smaller interest rate hike.
What matters in U.S. and global markets today. By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets. Wall Street stocks jumped on Monday, spurred by hopes that the White House is hesitating in its plan for sweeping "reciprocal" tariff hikes next week. I'll discuss this below and then explore why declining U.S. private sector debt may not be such a good thing.
By Mike Dolan. What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets. Wall Street stocks jumped on Monday, spurred by hopes that the White House is hesitating in its plan for sweeping "reciprocal" tariff hikes next week.
Austrian gross domestic product is expected to contract by 0.1% in 2025, the central bank said on Tuesday, cutting its forecast from 0.8% in December, as the economy faces a budget deficit, high energy prices and the threat of U.S. tariffs.
U.S. consumers have been curbing their spending in response to high prices and a worsening economic outlook, according to consumer finance company Synchrony Financial (SYF). Americans have been accumulating more debt amid strain in their finances, with delinquencies edging up for auto loans, credit cards and home credit lines, the Federal Reserve said last month.
* US consumers curb spending amid high prices, economic concerns. * Purchase volumes are down across the industry, Synchrony says. * Americans have been accumulating more debt. * Delinquencies expected to increase as student loan forbearance ends. By Nupur Anand.
Recent economic projections from Federal Reserve officials had shades of "Stagflation-lite,"?in the words of one economist, a sentiment increasingly echoed among other observers of the U.S. economy and central bank wondering if the country's outperformance during the pandemic is about to slide. So what is stagflation and why is it suddenly on everyone's mind? THAT 70s SHOW.
Austrian gross domestic product is expected to contract by 0.1% in 2025, the country's central bank said on Tuesday, listing a high budget deficit as one of the challenges faced by the economy this year. In December, the ONB central bank had forecast 0.8% growth in 2025.
By Jamie McGeever. As the first quarter draws to a close, financial markets are at a crossroads. Net sales of U.S. equities by foreign central banks reached $28 billion in January, and net sales of all U.S. assets by the private sector totaled $74.8 billion, according to official Treasury International Capital flows data.
Chicago wheat futures dropped on Tuesday, as improved weather forecasts in crucial growing regions tempered some of the bullish outlook, while traders monitored the ongoing Russia-Ukraine peace negotiations. Soybeans and corn also edged lower amid concerns that U.S. tariffs could curb demand for American grains and oilseeds. FUNDAMENTALS.
Asia's weighted real GDP growth rate is projected to reach 4.5% this year, according to the Boao Forum annual report. Boao Forum, an international summit seen as Asia's answer to Davos, is being held in China's Hainan province from Tuesday through Friday.
* S&P March flash Composite PMI at 53.5 vs 51.6 in Feb. * Lockheed Martin (LMT) drops after brokerage downgrade. * Crypto stocks gain as bitcoin rallies. By Noel Randewich. The S&P 500 rose sharply to end at its highest in over two weeks on Monday, lifted by Nvidia (NVDA) and Tesla following signs that the Trump administration might take a more measured approach on tariffs against U.S. trading partners.
By Jamie McGeever. As the first quarter draws to a close, financial markets are at a crossroads. Net sales of U.S. equities by foreign central banks reached $28 billion in January, and net sales of all U.S. assets by the private sector totaled $74.8 billion, according to official Treasury International Capital flows data.
Atlanta Federal Reserve President Raphael Bostic said he anticipates slower progress on inflation in coming months and as a result now sees the Fed cutting its benchmark interest rate only a quarter of a percentage point by the end of this year.
* S&P March flash Composite PMI at 53.5 vs 51.6 in Feb. * Lockheed Martin (LMT) drops after brokerage downgrade. * Crypto stocks gain as bitcoin rallies. * S&P 500 +1.49%, Nasdaq +1.95%, Dow +1.12% By Johann M Cherian and Noel Randewich.
Bank of England Governor Andrew Bailey said on Monday that artificial intelligence had the potential to be a game-changer for Britain and the global economy just as electricity was around the start of the 20th century. Bailey said technologies that were transformative continuously improved, lowered costs and made innovation easier, boosting productivity.
-The Federal Reserve appears to be on the threshold of ending a historic streak of losses, which in turn could get it back on track to returning cash to the Treasury somewhere down the line, analysts at Morgan Stanley said in a note on Monday.
The Federal Reserve appears to be on the threshold of ending a historic streak of losses, which in turn could get it back on track to returning cash to the Treasury somewhere down the line, analysts at Morgan Stanley said in a note on Monday.
President Donald Trump urged the Federal Reserve on Monday to lower interest rates after the U.S. central bank last week kept them unchanged. "I'd like to see the Fed lower interest rates," Trump said during a meeting with his cabinet at the White House.
President Donald Trump urged the Federal Reserve on Monday to lower interest rates after the U.S. central bank last week kept them unchanged. "I'd like to see the Fed lower interest rates," Trump said during a meeting with his cabinet at the White House.
* Indexes up: Dow 1.35%, Nasdaq 2.04%, S&P 1.65% * S&P March flash Composite PMI at 53.5 vs 51.6 in Feb. * Lockheed Martin (LMT) drops on brokerage downgrade. * Crypto stocks gain as bitcoin prices rise. By Sruthi Shankar and Johann M Cherian.
Euro area yields rose slightly on Monday after Purchasing Managers' Index data met expectations, as investors balanced risks from U.S. tariffs against expectations of stronger growth stemming from Germany's investment plans.
* Major U.S. indexes up more than 1% * Reports suggest Trump tariffs may be targeted. * S&P manufacturing PMI falls back into contraction. By Chuck Mikolajczak. Global stocks rallied on Monday while U.S. Treasury yields climbed after reports that President Donald Trump's administration may take a more targeted approach to tariffs than previously believed, boosting risk appetite.
* Indexes up: Dow 1.2%, Nasdaq 1.9%, S&P 1.5% * S&P March flash Composite PMI at 53.5 vs 51.6 in Feb. * Lockheed Martin (LMT) drops on brokerage downgrade. * Crypto stocks gain as bitcoin prices rise. By Sruthi Shankar and Johann M Cherian.
U.S. business activity picked up in March, but growing fears over import tariffs and deep government spending cuts continued to weigh on sentiment and prospects for the rest of the year.
* Business activity picks up in March amid warmer weather. * Manufacturing inputs price measure near two-year high. * Employment at businesses lackluster as caution reigns. By Lucia Mutikani. U.S. business activity picked up in March, but growing fears over import tariffs and deep government spending cuts continued to weigh on sentiment and prospects for the rest of the year.
Mexico's early March inflation came in slightly below market forecasts on Monday, while January economic activity figures pointed to a slow down, opening the door for the central bank to press ahead with its monetary easing cycle.
Russia's central bank has warned the Kremlin's policy makers the United States and OPEC have the capacity to flood the oil market and cause a repeat of the prolonged price collapse of the 1980s - which contributed to the downfall of the Soviet Union. The warning came weeks before Russian and U.S. Presidents Vladimir Putin and Donald Trump began talks to end the war in Ukraine.
Euro area yields were broadly steady on Monday after Purchasing Managers' Index data was in line with expectations, as investors balanced risks from U.S. tariffs against expectations for stronger growth stemming from investment plans in Germany.
The Bank of England on Monday launched its 2025 bank capital stress test for Britain's seven largest and most systemic banks and building societies. The results of the test, which checks if banks have enough capital to weather theoretical shocks, will be published in the fourth quarter of this year, the BoE said.
* Bayer slumps after $2.1 billion Roundup verdict. * RWE rises as Elliott discloses stake, calls for buyback increase. * German growth edges up in March, according to PMI data. * French private sector output contracts further in March, PMI data shows. * STOXX 600 up 0.4% By Medha Singh.
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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