News Results

  1. Euro zone consumers cut food spending as inflation bites - Eurostat data
    Reuters | 05:00 AM EDT

    Euro zone consumers cut spending on food, drinks and tobacco for the second straight month in May amid a spike of prices, according to estimates from the European Union statistics office Eurostat released on Wednesday. The drop in essential purchases came as total retail sales in the 19-country currency bloc slightly rose in May on the month, but below market expectations.

  2. Toronto home prices fall again in June as rising rates squeeze buyers
    Reuters | 05:00 AM EDT

    Home prices in the Greater Toronto Area fell for the fourth straight month in June, as rising interest rates continued to cool the once scorching hot resale market, data from the Toronto Regional Real Estate Board showed on Wednesday. The average price of a Toronto home fell to C$1.1 million in June, down 5.5% from May, with prices down 14.1% from February's peak.

  3. PRECIOUS-Gold rises on bargain hunting after hitting weakest level since December
    Reuters | 04:57 AM EDT

    analyst * U.S. Federal Reserve to release June meeting minutes today * China, HK stocks drop on COVID flare-ups (Recasts, adds comments, updates prices) By Arundhati Sarkar July 6 ...

  4. Japan's 10-year yields fall from BOJ's target rate
    Reuters | 03:55 AM EDT

    Japan's 10-year government bond yields fell from the limit of the Bank of Japan's policy band on Wednesday, tracking U.S. Treasury peers lower amid fears for economic slowdown. The 10-year JGB yield fell 0.5 basis point to 0.245%, after scaling 0.25%, the upper limit of the Bank of Japan's policy band, on Tuesday.

  5. Australia's 'big four' banks pass on full 50 bp variable mortgage rate hike
    Reuters | 03:48 AM EDT

    - Australia's "big four" lenders raised their home loan variable interest rates on Wednesday by 50 basis points per annum, passing on the central bank's third consecutive rate hike in full to their customers.

  6. METALS-Copper extends sell-off as robust dollar, recession fears choke demand
    Reuters | 03:19 AM EDT

    Copper prices slumped to their lowest levels since November 2020 on Wednesday, weighed down by a strong U.S. dollar and threats to demand from heightened fears of a global recession and renewed ...

  7. Japan's Nikkei falls on slowdown worries, energy losses
    Reuters | 02:32 AM EDT

    Japan's Nikkei fell on Wednesday after a two-day rally, dragged down by energy stocks, as sentiment was weighed by fears of a global economic slowdown.

  8. METALS-Copper slides as firmer dollar, recession fears choke demand
    Reuters | 01:05 AM EDT

    Copper prices fell on Wednesday to their lowest since November 2020, weighed down by a robust U.S. dollar and threats to demand from heightened fears of a global recession and renewed lockdowns in ...

  9. Japanese shares fall on energy rout, economic slowdown fears
    Reuters | 07/05/22 11:04 PM EDT

    Japanese shares fell on Wednesday, with energy stocks leading losses, as sentiment was weighed by fears of a global economic slowdown.

  10. GLOBAL MARKETS-Euro slumps to two-decade low, oil tumbles as recession fears intensify
    Reuters | 07/05/22 03:45 PM EDT

    * Euro back at 2002 levels after gas price surge, weak data. * On Wall St, Dow, S&P down, U.S. Treasury yields tumble. * Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Sin?ad Carew.

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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