News Results

  1. China factory activity grows in November for first time since August - PMI
    Reuters | 11/29/21 08:08 PM EST

    China's factory activity unexpectedly expanded in November, growing for the first time since August as supply snags and power rationing abated, taking some pressure off a sector grappling with high raw material prices. The official manufacturing Purchasing Manager's Index was at 50.1 in November, up from 49.2 in October, data from the National Bureau of Statistics showed on Tuesday.

  2. Yen, Swiss franc rally on global outlook risks after hawkish Powell
    Reuters | 11/29/21 07:48 PM EST

    The safe-haven yen and Swiss Franc gained on Tuesday, with risk appetite plummeting, as investors grew nervous about a suddenly hawkish Federal Reserve that could deliver aggressive rate hikes and derail a nascent economic recovery. Worries about the new Omicron coronavirus variant also kept a bid in these safe-haven currencies.

  3. India's economy likely picked up in Sept quarter before Omicron spread
    Reuters | 11/29/21 07:30 PM EST

    * July-Sept growth forecast at 8.4% y/y vs 20.1% in April-June. * Vaccination, consumer spending seen propelling recovery. * Economists fear new COVID-19 variant, inflation pose new risks. * India to release GDP data at 1200 GMT. By Manoj Kumar.

  4. FOREX-Currencies stabilise as worst Omicron fears recede
    Reuters | 11/29/21 07:08 PM EST

    The dollar hovered on Tuesday above the one-week low against major peers it hit last week, as fears eased that the new Omicron coronavirus variant would derail the U.S. recovery and delay Federal Reserve interest rate hikes. The safe-haven yen stabilised some half a percent off its strongest level since Nov. 11, reached on Monday.

  5. UK services industry sees record cost inflation - CBI
    Reuters | 11/29/21 07:07 PM EST

    Costs are rising at the fastest rate in over 20 years for firms in Britain's services sector, according to a business survey released on Tuesday which shows why the Bank of England may soon raise interest rates.

  6. Japan Oct factory output rises 1.1% month/month - govt
    Reuters | 11/29/21 06:52 PM EST

    Japan's factory output rose 1.1% in October, government data showed on Tuesday, compared with a median market forecast for a 1.8% gain. Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect output to rise 9.0% in November and advance 2.1% in December, the data showed.

  7. Fed's Bowman says well-being of Indigenous people important for financial inclusion
    Reuters | 11/29/21 05:12 PM EST

    - Federal Reserve officials need to factor in the economic well-being of Indigenous people as they work to improve access to banks and other financial services, Fed Governor Michelle Bowman said on Monday.

  8. Fed's Bowman says well-being of Indigenous people important for financial inclusion
    Reuters | 11/29/21 05:05 PM EST

    Federal Reserve officials need to factor in the economic well-being of Indigenous people as they work to improve access to banks and other financial services, Fed Governor Michelle Bowman said on Monday.

  9. Fed's Powell sees inflation lingering, risks from COVID
    Reuters | 11/29/21 05:01 PM EST

    U.S. Federal Reserve Chair Jerome Powell on Monday said he continues to expect inflation to recede over the next year as supply and demand come into better balance, but warned that the new strain of COVID-19 muddies the outlook, and prices could continue to rise for longer than earlier thought.

  10. CANADA STOCKS-TSX edges up as 'cooler heads' weigh new virus variant
    Reuters | 11/29/21 04:26 PM EST

    * TSX ends up 23.04 points, or 0.1%, at 21,148.94. * Energy rises 1.3%; materials up 1.3% By Fergal Smith. Canada's main stock index rebounded on Monday, led by resource stocks, as investors became more comfortable with the risks that the Omicron coronavirus variant could pose to the global economic outlook.

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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