News Results

  1. Global equity funds draw inflows on rate cut hopes, soft US economic data
    Reuters | 05/17/24 07:21 AM EDT

    - Global equity funds experienced strong demand for the third consecutive week, in the seven days to May 15, bolstered by a softer U.S. jobs report and lower-than-expected inflation figures, which increased expectations that the Federal Reserve may begin cutting rates this year.

  2. GRAPHIC-Global equity funds draw inflows on rate cut hopes, soft US economic data
    Reuters | 05/17/24 07:17 AM EDT

    Global equity funds experienced strong demand for the third consecutive week, in the seven days to May 15, bolstered by a softer U.S. jobs report and lower-than-expected inflation figures, which increased expectations that the Federal Reserve may begin cutting rates this year.

  3. Weaker loonie may not deter Bank of Canada diverging from the Fed
    Reuters | 05/17/24 06:05 AM EDT

    The Bank of Canada would be willing to cut interest rates three times ahead of the Federal Reserve's first move before a declining currency threatens to endanger the inflation outlook, the median estimate of seven analysts in a straw poll showed.

  4. Form 424B2 ROYAL BANK OF CANADA
    EDGAR SEC Filings | 05/17/24 06:02 AM EDT

    http://archive.fast-edgar.com/20240517/A82ZA22CZM228JHU222I2Z42MLDLZC22ZC62 Filed on: May 17, 2024.

  5. Weaker loonie may not deter Bank of Canada diverging from the Fed
    Reuters | 05/17/24 06:00 AM EDT

    The Bank of Canada would be willing to cut interest rates three times ahead of the Federal Reserve's first move before a declining currency threatens to endanger the inflation outlook, the median estimate of seven analysts in a straw poll showed.

  6. Sterling on track for weekly gain ahead of UK inflation data
    Reuters | 05/17/24 05:59 AM EDT

    Sterling was on track for a weekly gain versus the dollar on Friday, as currency traders look ahead to key data releases next week that could point to how quickly the Bank of England may cut interest rates. The pound edged down 0.1% on the day to $1.2656, but was on track for a weekly gain of 1%. Against the euro, it gained 0.1% to 85.70 pence.

  7. Euro zone yields rise as ECB and Fed officials sound cautious about rate cuts
    Reuters | 05/17/24 05:55 AM EDT

    Euro zone sovereign bond yields rose on Friday as European Central Bank and Federal Reserve officials sounded cautious about monetary easing. Yields were still on track for a weekly fall as U.S. data showed that inflation and the economy cooled in April, supporting expectations for Fed rate cuts.

  8. Hong Kong allows China's digital yuan to be used in local shops
    Reuters | 05/17/24 05:54 AM EDT

    Hong Kong will allow mainland China's pilot digital currency to be used in shops in the city, the head of its de facto central bank said on Friday, marking a step forward for Beijing's efforts to internationalise the yuan amid rising geopolitical tensions.

  9. FOREX-Dollar edges up but still set for weekly decline
    Reuters | 05/17/24 05:33 AM EDT

    The dollar edged up against major currencies on Friday but was still headed for a weekly fall, as market speculation continues to swirl about the timing of Federal Reserve rate cuts amid signs of cooling inflation and a softening U.S. economy.

  10. US STOCKS-Futures edge lower as rally loses some steam
    Reuters | 05/17/24 05:24 AM EDT

    * Futures off: Dow 0.08%, S&P 0.08%, Nasdaq 0.07% U.S. stock index futures slipped on Friday, near the end of a week of sharp Wall Street gains underpinned by hopes of Federal Reserve interest rate cuts after softer-than-expected consumer inflation data.

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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