Money market traders expect the European Central Bank to lean hawkish, keeping rates higher for longer and offering little prospect of easing even in the medium term as the energy shock from the ongoing Iran war is seen persisting.
China's economy likely regained some momentum in the first quarter on solid exports, but growth is expected to cool over the rest of 2026 as the Middle East crisis threatens to choke corporate profits and sap overseas demand, a Reuters poll showed.
* Gold drops to lowest since April 7. * Oil prices jump back above $100 a barrel. * US prepares for blockade of Hormuz; Iran warns of harsh response. By Noel John.
Euro zone government bond yields edged up on Monday towards recent peaks after the United States and Iran failed to secure a deal to end the war, pushing oil prices higher, fuelling inflation concerns and reinforcing expectations of European Central Bank rate hikes.
Gold prices fell to a near one-week low on Monday, pressured by a stronger dollar, while a surge in energy prices fuelled inflation worries and dampened expectations for U.S. Federal Reserve interest ...
Top finance officials from around the world will convene in Washington this week under the shadow of the war in the Middle East, which has delivered a third major shock to the global economy after the COVID pandemic and Russia's full-scale invasion of Ukraine in 2022.
Bank of Japan monetary policy could be an option to tame rising prices by boosting the yen, Japan's trade minister said on Sunday, as the central bank weighs raising interest rates this month to counter inflation spurred by the Iran war. https://www.reuters.com/world/iran/ Ryosei Akazawa, Japan's top trade negotiator and head of the Ministry of Economy, Trade and Industry, was responding to an ...
Bank of Japan monetary policy could be an option to tame rising prices by boosting the yen, Japan's trade minister said on Sunday, as the central bank weighs raising interest rates this month to counter inflation spurred by the Iran war. https://www.reuters.com/world/iran/ Ryosei Akazawa, Japan's top trade negotiator and head of the Ministry of Economy, Trade and Industry, was responding to an ...
The Federal Reserve is asking major U.S. banks for details about their exposure to private credit following a surge in redemptions from the funds and a rise in troubled loans in the industry, Bloomberg News reported on Friday, citing people familiar with the matter.
The Federal Reserve is asking major U.S. banks for details about their exposure to private credit following a surge in redemptions from the funds and a rise in troubled loans in the industry, Bloomberg News reported on Friday, citing people familiar with the matter.
The Federal Reserve is asking major U.S. banks for details about their exposure to private credit following a surge in redemptions from the funds and a rise in troubled loans in the industry, Bloomberg News reported on Friday, citing people familiar with the matter. Reuters could not immediately verify the report.
A panel of trade court judges challenged?the legality of President Donald Trump's 10% tax on most imports, suggesting a large trade deficit might not be a sufficient reason to impose broad-based tariffs. The U.S. Court of International Trade heard arguments on Friday in lawsuits by 24 mostly Democratic-led states and by small businesses challenging the tariffs, which took effect on February 24.
* March CPI rises 3.3%, in line with estimates. * Consumer sentiment tumbles to record low. * CoreWeave (CRWV) gains after deal with Anthropic. * By Stephen Culp and Purvi Agarwal. U.S. stocks closed mixed on Friday, with investors pressing pause as they headed into the weekend and kept an eye on ongoing Middle East peace negotiations.
Americans are souring on the U.S. economy to a degree never before seen, with the stiffest inflation in four years exacerbating the political risk for President Donald Trump, who some administration officials worry has lost focus on affordability problems for voters as he trains attention on the war against Iran.
* Inflation surge driven by Iran war, oil supply cuts, and record gasoline prices. * Consumer sentiment hits record low, with Republicans' outlook dropping sharply. * White House officials worry Iran war distracts from addressing voters' economic concerns. By Nandita Bose.
The war in the Middle East will have a cascading impact on the global economy, even if a ceasefire announced by U.S. President Donald Trump takes hold, World Bank President Ajay Banga told Reuters in an interview on Friday. And the damage will be far deeper if the ceasefire fails and the conflict escalates, he said.
* Indexes: Dow down 0.57%, S&P 500 off 0.17%, Nasdaq up 0.20% * March CPI rises 3.3%, in line with estimates. * Consumer sentiment tumbles to record low. * CoreWeave (CRWV) gains after deal with Anthropic. * S&P 500, Nasdaq set for biggest weekly jump since November. By Stephen Culp and Purvi Agarwal.
When surging U.S. inflation peaked in June of 2022, driven by rising prices for energy but also for food, shelter, vehicles, and a host of other items, Federal Reserve officials assured the public in stern tones that they were on top of the situation and would follow through with steep interest rate hikes to cool the economy.
* Year-over-year core inflation remained subdued at 2.6% in March. * Rise in energy prices drove jump in monthly headline inflation. * Fed could be on a lengthy interest rate pause. By Howard Schneider.
* Indexes: Dow down 0.39%, S&P 500 up 0.05%, Nasdaq up 0.47% * March CPI rises 3.3%, in line with estimates. * CoreWeave (CRWV) gains after deal with Anthropic.
* Court questions if trade deficit justifies tariffs under 1974 law. * States say tariffs based on outdated legal authority. * Trump claims broad tariff powers despite Supreme Court loss. By Dietrich Knauth.
* Rising gas prices threaten to offset tax refund gains, especially for lower-income Americans. * Wealthier taxpayers benefit more from new deductions, data from Tax Foundation and IRS shows. * Economists cut US consumption, GDP forecasts due to higher energy costs. By David Lawder.
* Indexes: Dow down 0.23%, S&P 500 up 0.15%, Nasdaq up 0.54% * March CPI at 3.3% annually, in line with estimates. * TSMC's US shares gain after Q1 revenue beat. * CoreWeave (CRWV) rises after deal with Anthropic.
* TSX up 0.78% * U.S. CPI in line; core CPI at 2.6% * Canada unemployment rate at 6.7% * Cogeco Communications (CGEAF) slips 6.9% after revenue miss. By Utkarsh Hathi. April 10 - Canada's main stock index rose on Friday as investors weighed U.S. inflation data and Canada's jobs report, while oil prices rose ahead of U.S.-Iran peace talks.
U.S. consumer sentiment plunged to a record low in early April and consumers anticipated a surge in inflation in the next 12 months, a survey showed on Friday. The University of Michigan's Surveys of Consumers said its Consumer Sentiment Index tumbled to an all-time low of 47.6 this month from a final reading of 53.3 in March.
White House economic adviser Kevin Hassett said on Friday that the U.S. Federal Reserve should be able to cut interest rates once a reopening of the Strait of Hormuz triggers a rapid decline in energy prices.
April 10 - Canada's main stock index opened higher on Friday, as investors weighed U.S. inflation data and Canada's jobs report, while oil prices eased ahead of U.S.-Iran peace talks. At 09:30 a.m. ET, the Toronto Stock Exchange's S&P/TSX Composite Index was up 0.15% at 33,528.17 points.
* Futures: Dow flat, S&P 500 up 0.15%, Nasdaq up 0.26% * March CPI at 3.3% on annual basis, in line with estimates. * TSMC's US shares gain after Q1 revenue beat.
U.S. consumer prices rose 3.3% from a year ago in March, data showed, giving investors a first glimpse of the impact on prices of the U.S.-Israeli war against Iran. The Consumer Price Index rise was in line with the expectations of economists polled by Reuters and was up from 2.4% last month.
Traders on Friday kept bets the Federal Reserve will leave interest rates on hold through the end of 2026 after the Labor Department reported consumer prices surged in March, as expected. They continue to see about a one-in-three chance of chance of a rate cut by the Fed's December meeting, based on pricing in interest-rate futures contracts traded at CME Group.
U.S. stock index futures gained slightly on Friday after March inflation data calmed some concerns over the inflationary fallout of the Middle East conflict on the U.S. economy. A Labor Department report showed the Consumer Price Index rose 3.3% on an annual basis, in line with an estimated 3.3% rise according to economists polled by Reuters.
U.S. stock index futures gained slightly on Friday after March inflation data calmed some concerns over the inflationary fallout of the Middle East conflict on the U.S. economy. A Labor Department report showed the Consumer Price Index rose 3.3% on an annual basis, in line with an estimated 3.3% rise according to economists polled by Reuters.
U.S. consumer prices increased by the most in nearly four years in March as the war with Iran led to a record surge in the cost of gasoline and diesel, dealing a blow to President Donald Trump whose approval ratings have been falling because of unhappiness over his handling of the economy.
* Consumer Price Index increases 0.9% in March, largest gain since mid-2022. * Gasoline prices account for nearly three quarters of rise in inflation. * CPI advances 3.3% year-on-year, largest increase since May 2024. * Core CPI gains 0.2%; increases 2.6% year-on-year. By Lucia Mutikani.
* Canada adds 14,100 jobs in March, following previous losses. * Economy had lost a total of 109,000 jobs in January and February. * Unemployment rate at 6.7%, same as previous month and last year. * Average hourly wage of permanent employees rose by 5.1% By Promit Mukherjee.
San Francisco Federal Reserve President Mary Daly said the U.S. economy is fundamentally solid, the labor market has steadied, and monetary policy is in a "good place" -- restrictive enough to put downward pressure on inflation without undercutting the labor market.
* Iran says Israel's attacks on Lebanon are a sticking point. * Oil prices set for their steepest weekly fall since June 2025. * US dollar heads for its largest weekly loss since January. By Ishaan Arora. Gold prices edged lower, while staying on track for a third straight weekly gain, as the market reassessed the chances of U.S. interest rate cuts if the fragile U.S.-Iran ceasefire holds.
* Futures: Dow down 0.04%, S&P 500 up 0.05%, Nasdaq up 0.10% * March CPI data in focus, set for release at 8:30 a.m. ET. * TSMC's US shares gain after Q1 revenue beat. By Purvi Agarwal and Avinash P. U.S. stock index futures were flat on Friday as investors awaited a key inflation report and monitored geopolitical developments surrounding an uneasy truce in the Middle East.
A panel of trade court judges challenged?the legality of President Donald Trump's 10% tax on most imports, suggesting a large trade deficit might not be a sufficient reason to impose broad-based tariffs. The U.S. Court of International Trade heard arguments on Friday in lawsuits by 24 mostly Democratic-led states and by small businesses challenging the tariffs, which took effect on February 24.
Crypto giant Kraken's landmark Federal Reserve master account comes with restrictions aimed at mitigating risks, but it - and others likely to follow in its wake - could still create vulnerabilities for the U.S. financial system. Founded in 2011, Wyoming-based Kraken is one of the world's largest crypto exchanges, with both retail and institutional clients.
New applications for U.S. unemployment benefits increased moderately last week, showing no signs of labor market deterioration and potentially giving the Federal Reserve room to keep interest rates unchanged as it monitors the economic fallout from the U.S.-Israeli war with Iran.
New applications for U.S. unemployment benefits increased moderately last week, showing no signs of labor market deterioration and potentially giving the Federal Reserve room to keep interest rates unchanged as it monitors the economic fallout from the U.S.-Israeli war with Iran.
* TSX futures up 0.24% * U.S. CPI and Canada jobs data due at 8:30 a.m. ET. Futures for Canada's main stock index edged higher on Friday, supported by firm oil prices as uncertainty over the Strait of Hormuz persisted ahead of U.S.-Iran peace talks. June futures on the S&P/TSX index were up 0.24%, or 4.70 points, at 05:21 a.m. ET.
U.S. stocks closed mixed on Friday, with investors pressing pause as they headed into the weekend and kept an eye on ongoing Middle East peace negotiations. A closely watched inflation report showed consumer price growth accelerated as expected, due to price pressures arising from the war on Iran.
* Futures down: Dow 0.15%, S&P 500, Nasdaq 0.08% each. U.S. stock index futures were largely muted on Friday as investors stuck to the sidelines ahead of a crucial inflation print, while assessing the fragility of the Middle East truce. The news of a two-week ceasefire agreement earlier this week between the U.S. and Iran has put Wall Street indexes on track for weekly gains.
* U.S. accuses Iran of breaching Hormuz promises. * Brent crude oil down more than 11% this week. * Spot gold down about 10% since Iran war start. * U.S. March CPI data due at 1230 GMT. By Pablo Sinha.
Japan's five-year government bond yields hit a record high at the end of a volatile week of trade on Friday, as investors gauged government and central bank responses to economic headwinds brought on by the Middle East crisis. BOJ Deputy Governor Ryozo Himino said in parliament that the central bank will guide monetary policy with an eye on the overall economic impact of the Middle East conflict.
Euro zone benchmark Bund yields were on track for a weekly rise, despite their sharpest drop in years on Wednesday, as a ceasefire between the U.S. and Iran showed further strain. Borrowing costs tracked oil prices, as their recent rise stoked inflation concerns and expectations of a swifter tightening response from the European Central Bank.
* U.S. accuses Iran of breaching Hormuz promises. * Brent crude oil slides more than 11% this week. * Spot gold down about 10% since Middle East war began on Feb 28. * U.S. March CPI data due at 1230 GMT. By Pablo Sinha.
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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