Japanese government bond yields were flat on Wednesday, as investors awaited the U.S. Federal Reserve to update its policy plan, likely fleshing out timing on expected rate hikes.
Asian share markets steadied on Wednesday after three sessions of losses as investors awaited any hints about faster tightening of monetary policy from the U.S. Federal Reserve later in the day. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.1% on Wednesday, after sharp losses earlier in the week which have left the index off 2.8% this year.
* Asian stock markets: https://tmsnrt.rs/2zpUAr4. * Nikkei down 0.1%; Gains in China stocks ease. * Fed wrapping up policy meeting later today. * Asia markets affected by volatility in global markets. * Dollar generally unchanged, oil dips. By Stella Qiu and Alun John.
Foreign investors are piling into China at the start of 2022, seeing it as a haven from the inflation, growth and pandemic problems plaguing most other markets.
Foreign investors are piling into China at the start of 2022, seeing it as a haven from the inflation, growth and pandemic problems plaguing most other markets.
London copper prices edged higher on Wednesday, in positive territory for the second session, ahead of U.S. Federal Open Market Committee's decision on interest rates. Investors are awaiting the Fed's update to its policy plan, likely fleshing out timing on expected rate hikes and dwindling of its massive balance sheet.
Foreign investors are piling into China at the start of 2022, seeing it as a haven from the inflation, growth and pandemic problems plaguing most other markets.
Foreign investors are piling into China at the start of 2022, seeing it as a haven from the inflation, growth and pandemic problems plaguing most other markets.
Japan's Nikkei index fell to a fresh 13-month low on Wednesday, dragged down by technology heavyweights after their U.S. peers closed lower overnight on concerns over an increasingly hawkish Federal Reserve and tension over Ukraine. The Nikkei share average was down 0.4% to 27,027.51 by 0211 GMT, after falling as much as 1% to its lowest since December 2020.
Japan's Nikkei index touched a one-year low on Tuesday, weighed down by investor caution over the situation in Ukraine, broadening inflationary risks and on concerns of a faster-than-expected U.S. rate hike by the Federal Reserve. The Nikkei share average fell 2.5% to 26,890.94, its lowest level since Dec. 29, 2020.
Asian share markets steadied on Wednesday after three sessions of losses as investors awaited any hints about faster tightening of monetary policy from the U.S. Federal Reserve later in the day. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.1% on Wednesday, after sharp losses earlier in the week which have left the index off 2.8% this year.
* Asian stock markets: https://tmsnrt.rs/2zpUAr4. * Nikkei down 0.8%, China stocks up. * Fed expected to wrap up policy meeting later today. * Asia markets affected by volatility in global markets. * Dollar generally unchanged, oil dips. By Stella Qiu and Alun John.
The euro hovered near its weakest in a month versus the safe-haven dollar and yen on Wednesday as traders fretted over a potential military conflict in Ukraine and the possibility of accelerated Federal Reserve policy tightening. The euro was about flat at $1.1303 after dipping to $1.1264 overnight for the first time since Dec. 21.
- The U.S. Senate Banking Committee will hold a nomination hearing next week for President Joe Biden's three picks for the Federal Reserve. Biden earlier this month nominated former Federal Reserve Governor Sarah Bloom Raskin to be the central bank's vice chair for supervision and two economists, Lisa Cook and Philip Jefferson, to serve on its board of governors.
The euro hovered near its weakest in a month versus the safe-haven dollar and yen on Wednesday as traders fretted over a potential military conflict in Ukraine and the possibility of accelerated Federal Reserve policy tightening. The euro was about flat at $1.1303 after dipping to $1.1264 overnight for the first time since Dec. 21.
* API data shows U.S. crude stocks fall - market sources. * Investors await Wednesday's Fed update. * Biden threatens sanctions on Putin over any invasion. * U.S. approves oil exchange from strategic reserve. By Yuka Obayashi.
London copper prices edged lower on Wednesday after closing higher in the last session, ahead of U.S. Federal Open Market Committee's decision on interest rates. Investors are awaiting the Fed's update to its policy plan, likely fleshing out timing on expected rate hikes and dwindling of its massive balance sheet. FUNDAMENTALS.
Gold prices were little changed on Wednesday, ahead of a U.S. Federal Reserve meeting that would decide on rate hikes for the year, while safe-haven bullion was supported by concerns over the Russia-Ukraine conflict. FUNDAMENTALS. * Spot gold was flat at $1,847.51 per ounce by 0108 GMT.
Some Bank of Japan policymakers saw consumer inflation briefly accelerating towards their 2% target as price pressures build up on changing corporate price-setting behaviour, a summary of opinions at the bank's January meeting showed on Wednesday.
Signaling U.S. President Joe Biden's picks for the Federal Reserve may face a tough confirmation process in the closely divided Senate, Republican Senator Pat Toomey on Tuesday raised questions over whether they fairly represent the nation.
U.S. Treasury yields on 2-year
notes and higher rose on Tuesday, a day before a Federal Reserve
statement that is likely to signal a rate increase in March,
tightening policy for the first time since ...
* Major U.S. indices down again, Nasdaq 2% lower. * Oil climbs 2% on supply concerns amid Ukraine tension. * Investors await Wednesday's Fed update. By Pete Schroeder. Wall Street ended the day lower on Tuesday after another tumultuous day of trading while oil jumped more than 2% as geopolitical tensions and Wednesday's Federal Reserve update occupied investor focus.
Wall Street ended the day lower on Tuesday after another tumultuous day of trading while oil jumped more than 2% as geopolitical tensions and Wednesday's Federal Reserve update occupied investor focus. All three major U.S. stock indices experienced a repeat of Monday's bumpy trading.
* Microsoft (MSFT) gains in after-hours trading after results. * American Express (AXP), IBM (IBM) rise on strong earnings. * Indexes down: Dow 0.19%, S&P 1.22%, Nasdaq 2.28% By Stephen Culp.
- Signaling U.S. President Joe Biden's picks for the Federal Reserve may face a tough confirmation process in the closely divided Senate, Republican Senator Pat Toomey on Tuesday raised questions over whether they fairly represent the nation.
By Stephen Culp. Wall Street gyrated in afternoon trading to close lower with interest rate sensitive tech stocks weighing most heavily as uncertainties surrounding an increasingly hawkish Federal Reserve and rising geopolitical tensions contributed to the market's churn. In a pattern similar to Monday, U.S. stocks whipsawed between steep losses and modest gains.
Signaling U.S. President Joe Biden's picks for the Federal Reserve may face a tough confirmation process in the closely divided Senate, Republican Senator Pat Toomey told the president he doesn't think his choices fairly represent the nation for which they will help set monetary policy.
The Canadian dollar edged higher
against the greenback on Tuesday as some of the recent disquiet
in financial markets eased a notch and investors prepared for a
potential interest rate hike by the ...
* Dollar hits two-weak peak as Fed meeting begins. * Dollar gains on safe-haven status. By Herbert Lash. The euro fell to a one-month low on Tuesday as tensions between Russia and the West over Ukraine drew investors to the dollar, a day before the Federal Reserve is expected to reveal details on its plans to tighten monetary policy.
* Stocks gyrate, bouncing off earlier steep losses. * American Express (AXP), IBM (IBM) rise on strong results. * Indexes down: Dow 0.27%, S&P 1.01%, Nasdaq 1.76% By Stephen Culp.
U.S. Treasury yields from
2-year notes and higher rose on Tuesday ahead of a Federal
Reserve policy statement that is widely expected to signal an
interest rate increase in March, the first since the ...
* Major U.S. indices down again, Nasdaq 2% lower. * Oil climbs 2% on supply concerns amid Ukraine tension. * Investors await Wednesday's Fed update. By Pete Schroeder. Rising geopolitical tensions and a looming Federal Reserve move to tighten monetary policy weighed down Wall Street on Tuesday and helped to drive oil higher.
* American Express (AXP), IBM (IBM) rise on strong results. * GE drops as supply-chain woes hit Q4 revenue. * Indexes down: Dow 0.7%, S&P 1.6%, Nasdaq 2.6% By Bansari Mayur Kamdar and Devik Jain. Jan 25 - U.S. stock indexes fell on Tuesday as a selloff in technology firms ahead of the Federal Reserve's policy meeting overshadowed upbeat results from blue-chip companies including IBM (IBM) and Johnson & Johnson.
* Consumer confidence index falls moderately in January. * Plans to buy homes, autos and major appliances increase. * House price growth slows on year-on-year basis in November. By Lucia Mutikani.
* Escalating Russia-Ukraine conflict could keep inflation elevated. * Pandemic seen costing global economy $13.8 trillion through 2024. By Andrea Shalal and David Lawder.
* Graphic: World FX rates in 2022 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. By Joice Alves. Sterling slid to a fresh three-week low versus the U.S. dollar on Tuesday as investors remained cautious on risk assets amid growing tensions in Ukraine and bets the Federal Reserve will hike rates.
The U.S. Treasury yield curve
flattened on Tuesday ahead of a pivotal Federal Reserve policy
statement that is widely expected to signal the first interest
rate increase since the start of the ...
* American Express (AXP) rises on strong results. * Johnson and Johnson (JNJ), GE drop after missing estimates. * Indexes down: Dow 2.2%, S&P 2.6%, Nasdaq 2.9% By Bansari Mayur Kamdar and Devik Jain.
U.S. consumer confidence ebbed slightly in January, with more consumers planning to purchase homes, automobiles and other big- ticket items even as they grew less optimistic about business and labor market conditions in the short term. The survey from the Conference Board on Tuesday also showed consumers' inflation expectations moderating for a second straight month, though still high.
U.S. consumer confidence ebbed slightly in January, with more consumers planning to purchase homes, automobiles and other big ticket items even as they grew less optimistic about business and labor market conditions in the near term. The Conference Board said on Tuesday its consumer confidence index slipped to a reading of 113.8 this month from a slightly downwardly revised 115.2 in December.
Canada's main stock index was set to fall for a fourth session on Tuesday as weaker metal prices weighed on mining stocks, while investors eyed upcoming central bank meetings that will likely signal an end to easy monetary policy.
U.S. stocks continued their downward trend on Tuesday, opening sharply lower as safe havens gained ground amid investor nerves about tensions between Russia and the West and the prospect of the U.S. Federal Reserve tightening monetary policy soon.
The International Monetary Fund lowered its economic forecasts for the United States, China and the global economy on Tuesday, and said uncertainty about the pandemic, inflation, supply disruptions and U.S. monetary tightening posed further risks.
Canada's main stock index opened lower on Tuesday as weaker metal prices weighed on mining stocks, while investors eyed upcoming central bank meetings that will likely herald an end to easy monetary policy. At 9:30 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 228.74 points, or 1.11%, at 20,342.56.
The Hungarian forint firmed on
Tuesday after the central bank raised its base rate by 50 basis
points, more than expected, while Russia-Ukraine tensions
continued to cast a pall over Central European ...
* IBM (IBM), 3M (MMM), American Express (AXP) rise on strong results. * Johnson and Johnson (JNJ), GE drop after missing estimates. * Fed's two-day meeting commences later in the day. * Futures down: Nasdaq 2.20%, Dow 0.93%, S&P 1.65% By Bansari Mayur Kamdar and Devik Jain.
The International Monetary Fund on Tuesday cut its forecast for Russian economic growth this year by 0.1% to 2.8% but said it now expected the country's gross domestic product to expand by 2.1% in 2023, up 0.1% from its previous forecast.
* Higher global rates may delay Asia's recovery - IMF official. * Miscommunication in Fed policy shift may trigger capital outflow. * IMF cuts 2022 growth f'casts for emerging Asia, China. * Global price pressures may end benign inflation in Asia - IMF. By Leika Kihara.
The International Monetary Fund lowered its economic forecasts for the United States, China and the global economy on Tuesday, and said uncertainty about the pandemic, inflation, supply disruptions and U.S. monetary tightening posed further risks.
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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