News Results

  1. Nasdaq closes lower as chipmaker Micron's warning renews tech rout
    Reuters | 08/09/22 07:47 AM EDT

    The Nasdaq closed down on Tuesday after a dismal forecast from Micron Technology pulled chip makers and tech stocks lower as investors await U.S. inflation data that could lead the Federal Reserve to further tighten its efforts to curb inflation.

  2. Liberty Media Corporation Proposes Private Offering of Convertible Senior Notes
    Business Wire | 08/09/22 07:46 AM EDT

    Liberty Media Corporation (LSXMA) announced today that it intends to offer $375 million aggregate principal amount of convertible senior notes in a private offering. The Notes will be convertible into cash, shares of Liberty?s Series C Liberty Formula One common stock or a combination thereof, at Liberty?s election.

  3. Brazil central bank says Q1 2024 inflation projection consistent with convergence strategy
    Reuters | 08/09/22 07:36 AM EDT

    Brazil's central bank said the 12-month inflation projection for the first quarter of 2024 "is consistent with the strategy of inflation convergence to around the target over the relevant horizon", minutes from its last policy meeting showed on Tuesday.

  4. Toronto market gives back some recent gains as tech weighs
    Reuters | 08/09/22 07:34 AM EDT

    - Canada's main stock index fell on Tuesday, with technology shares leading the move lower ahead of U.S. inflation data expected to set the tone for additional Federal Reserve interest rate increases. The Toronto Stock Exchange's S&P/TSX composite index ended down 90.87 points, or 0.5%, at 19,578.30, after four straight days of gains.

  5. Ukraine says it reached quorum for GDP warrants vote on Wednesday
    Reuters | 08/09/22 07:24 AM EDT

    Ukraine says it has reached the required quorum for holders of the country's GDP warrants to vote on Wednesday over a consent solicitation that proposes changes to the securities, according to a regulatory filling on Tuesday.

  6. Mexico's July inflation at highest level since 2000
    Reuters | 08/09/22 07:24 AM EDT

    Mexican annual inflation reached its highest level in nearly 22 years in July, official data showed on Tuesday, rising faster than expected and fueling expectations that the central bank will raise the country's benchmark interest later this week. Inflation rose to 8.15% in the year through July from 7.99% in June, national statistics agency INEGI said.

  7. Mexico's July inflation at highest level since 2000
    Reuters | 08/09/22 07:23 AM EDT

    Mexican annual inflation reached its highest level in nearly 22 years in July, official data showed on Tuesday, rising faster than expected and fueling expectations that the central bank will raise the country's benchmark interest later this week. Inflation rose to 8.15% in the year through July from 7.99% in June, national statistics agency INEGI said.

  8. FOREX-Dollar turns slightly defensive, inflation data next key test
    Reuters | 08/09/22 07:04 AM EDT

    The dollar turned defensive against other major currencies on Tuesday, with traders reluctant to push the greenback higher without further signs that another aggressive interest rate hikes from the Federal Reserve was coming in September.

  9. GLOBAL MARKETS-Stocks stumble as caution reigns ahead of U.S. inflation data
    Reuters | 08/09/22 06:48 AM EDT

    * Euro STOXX 600 down 0.6% * Dollar hangs just off recent highs. * U.S. CPI data due on Wednesday. * Oil turns positive. By Tom Wilson. Shares slipped and the dollar hung off recent highs on Tuesday as investors eyed U.S. inflation data due a day later that will likely yield clues to any further aggressive Federal Reserve rate hikes.

  10. Euro zone yields rise as markets near pricing in 50 bp ECB Sept hike
    Reuters | 08/09/22 06:39 AM EDT

    Euro zone bond yields edged higher on Tuesday as traders raised bets on a half-point interest rate hike by the European Central Bank in September, also pricing a high chance of a 75-basis-point move in the United States next month. Last week's stronger-than-expected U.S. jobs data fuelled expectations of an aggressive September rate hike by the U.S. Federal Reserve and sent bond yields surging.

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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