News Results

  1. India to address volatility in rupee against the dollar - source
    Reuters | 07/04/22 05:51 AM EDT

    India is trying to "address volatility" in the Indian rupee that has tumbled to record lows against the dollar in recent weeks, a government official said on Monday, amid concerns of widening trade deficit and sell off by foreign investors.

  2. PRECIOUS-Gold slips as interest rate expectations sap appeal
    Reuters | 07/04/22 05:50 AM EDT

    Gold fell on Monday as prospects of higher interest rates dimmed appeal for the non-yielding asset, but a softer dollar helped bullion to cling above the $1,800 support level.

  3. Miner Phoenix launches novel bond linked to copper price
    Reuters | 07/04/22 05:40 AM EDT

    London-listed mining company Phoenix Copper (PXCLF) is due to launch up to $80 million of bonds linked to the copper price this week, targeting investors bullish on the long-term outlook for the metal despite a recent downtrend, the chairman said. Mining companies often raise money by issuing shares or through project finance, but bonds linked to commodity prices are rare.

  4. ECB to revamp corporate debt holdings to favour greener firms
    Reuters | 07/04/22 05:18 AM EDT

    The European Central Bank plans to gradually revamp its 344 billion euro corporate debt portfolio to favour greener firms, it said on Monday, taking another step in aligning monetary policy with climate change goals.

  5. ECB to revamp corporate debt holdings to favour greener firms
    Reuters | 07/04/22 05:00 AM EDT

    The European Central Bank plans to gradually revamp its 344 billion euro corporate debt portfolio to favour greener firms, it said on Monday, taking another step in aligning monetary policy with climate change goals.

  6. Energy shares boost European equities but recession fears cap gains
    Reuters | 07/04/22 04:56 AM EDT

    -European shares rose on Monday as the oil and gas sector marked its best session in two months, while bleak euro zone investor morale kept sentiment in check ahead of the European Central Bank's plan to start hiking interest rates this month. The continent-wide STOXX 600 index was up 0.5% after falling last week on worries about a potential global economic slowdown.

  7. FOREX-Safe-haven demand pins euro near a five-year low
    Reuters | 07/04/22 04:54 AM EDT

    The euro flattened on Monday, staying near a five-year low against the U.S. dollar, as investors sought safety in the greenback amid worries about slowing global growth. The war in Ukraine and its economic fallout, in particular soaring food and energy inflation, has been a major drag on the euro, which has weakened more than 8% against the dollar this year.

  8. Pound inches up as traders look to next BoE signals
    Reuters | 07/04/22 04:52 AM EDT

    The British pound rose against the dollar on Monday, pulling away from two-week lows, as investors anticipate more signals from the Bank of England this week over its future interest rate hike trajectory. At 0830 GMT, the pound was up 0.12% against the dollar at $1.21090 It also strengthened against the single currency, rising 0.13% to 86.080 pence.

  9. Euro zone yields rise as rush to safe-haven assets pauses
    Reuters | 07/04/22 03:43 AM EDT

    Euro zone government bond yields rose on Monday as investors took a break from their rush late last week into safe-haven assets amid recession fears. Analysts continued to fear recession over inflation while scaling back their expectations about future European Central Bank interest rate rises.

  10. Energy shares boost European equities ahead of inflation data
    Reuters | 07/04/22 03:26 AM EDT

    European shares rose on Monday, led by shares of oil and gas companies, with investors awaiting eurozone inflation data after a red-hot consumer price report last week cemented the case for rate hike by the European Central Bank. The continent-wide STOXX 600 index was up 0.8% by 0716 GMT, after falling last week on worries about a potential global economic slowdown.

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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