News Results

  1. GLOBAL ECONOMY-Factory growth feeble in June, feeding global recession fears
    Reuters | 07/01/22 05:47 AM EDT

    * Euro zone factory production fell for first time in two years. * China's Caixin index expands at fastest pace in 13 months. * Lifting of China's COVID lockdown helps factories recover. By Jonathan Cable and Leika Kihara.

  2. GRAPHIC-Take Five: The second half
    Reuters | 07/01/22 05:29 AM EDT

    - After a torrid six months, world markets will be hoping for some sign that central banks might dial back their hawkishness. Central banks are front and centre elsewhere, too. Here is your look at the week ahead in markets from Karin Strohecker and Sujata Rao in London, Ira Iosebashvili in New York and Kevin Buckland in Tokyo. 1/NORTH TO SOUTH.

  3. Another inflation record firms case for bigger ECB rate hikes
    Reuters | 07/01/22 05:02 AM EDT

    Euro zone inflation hit yet another record high in June as price pressures broadened, and its peak could still be months away, firming the case for rapid European Central Bank rate hikes starting this month.

  4. Another inflation record firms case for bigger ECB rate hikes
    Reuters | 07/01/22 05:00 AM EDT

    Euro zone inflation hit yet another record high in June as price pressures broadened, and its peak could still be months away, firming the case for rapid European Central Bank rate hikes starting this month.

  5. GLOBAL MARKETS-Second half starts with a fresh drubbing for stocks
    Reuters | 07/01/22 04:51 AM EDT

    * World stocks struggle after biggest fall in index history. * Dollar rises against Aussie, kiwi. * 10-year Treasury yield holds below 3% * China markets steady in a sea of red in Asia. * Metals buckle as recession jitters build. By Marc Jones.

  6. UK manufacturing loses more steam in June -PMI
    Reuters | 07/01/22 04:33 AM EDT

    British manufacturing lost more momentum in June than first estimated as new orders contracted at the fastest rate in two years, according to a survey that adds to signs of a stalling economy.

  7. Euro zone factory production falls in June for first time in two years -PMI
    Reuters | 07/01/22 04:24 AM EDT

    Euro zone manufacturing production fell last month for the first time since the initial wave of the coronavirus pandemic two years ago as higher prices and a darkening economic outlook kept consumers wary of making purchases, a survey showed.

  8. Drop in demand weighs on German manufacturing, outlook darkens -PMI
    Reuters | 07/01/22 04:02 AM EDT

    A sharp fall in new orders weighed on German manufacturing activity in June, darkening the outlook for Europe's largest economy, a survey showed on Friday. S&P Global's final Purchasing Managers' Index for manufacturing, which accounts for about a fifth of Germany's economy, fell to 52.0 in June from May's final reading of 54.8, in line with analysts' expectations and with a flash estimate.

  9. Italy June manufacturing growth slowest for two years -PMI
    Reuters | 07/01/22 03:53 AM EDT

    Italy's manufacturing sector grew at the slowest pace in two years in June, a survey showed on Friday, as firms reported weak demand and increasingly downbeat expectations. The S&P Global Purchasing Managers' Index for Italian manufacturing came in at 50.9, down from 51.9 in May and registering the lowest reading since June 2020.

  10. Marketmind: End of H1 but expect no relief
    Reuters | 07/01/22 03:28 AM EDT

    A look at the day ahead in markets from Sujata Rao. The good news is the 2022 first-half is behind us -- just looking at U.S. markets, the world's biggest, the S&P 500 posted its worst percentage decline since 1970, losing $8.5 trillion in value, while 10-year Treasury yields rose 150 basis points. The bad news?

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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