Global shares rose on Monday while the U.S. dollar fell but still traded near one-year highs as traders pared expectations of future interest-rate cuts by the Federal Reserve. President-elect Donald Trump has begun making appointments, filling health and defense roles last week, but key positions for financial markets, Treasury secretary and trade representative have yet to be filled.
* BOJ's Ueda says conditions for rate hikes gradually in place. * Nvidia (NVDA) earnings, Fed speakers among the week's highlights. * Dollar, Treasury yields supported by revised Fed outlook. By Rae Wee.
* Timing of rate hike to depend on economic outlook, Gov Ueda says. * Ueda warns over demerits of keeping real rates low for too long. * BOJ won't hold off on rate hike until all uncertainties clear. * Ueda upbeat on consumption, wages but wary of external risks. By Leika Kihara.
The dollar rose against the yen on Monday to resume its recent ascent after Japan's top central bank official signaled further monetary policy tightening was on the horizon, but was vague on the timing of any such hike.
* Dollar holds near one-year high as yields support. * BOJ Gov flags gradual hikes, but vague on timing. * Host of Fed, ECB officials to speak this week. By Wayne Cole. The dollar rose against the yen on Monday after Japan's top central banker flagged further policy tightening ahead but left open the question of timing, leaving the market no clearer on whether a move would come next month.
Bank of Japan Governor Kazuo Ueda said on Monday the central bank will keep raising interest rates if economic and price developments move in line with its forecasts.
China's biggest e-commerce company Alibaba Group (BABA) is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with direct knowledge of the matter. The company confirmed plans for bond fundraising in a regulatory filing on Monday but said the size, interest rate and maturity would be determined as the transaction progressed.
China's biggest e-commerce company Alibaba Group (BABA) is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with direct knowledge of the matter. The company confirmed plans for bond fundraising in a regulatory filing on Monday but said the size, interest rate and maturity would be determined as the transaction progressed.
BEIJING, Nov. 17, 2024 Brazil officially assumed the one-year presidency of the G20 in December 2023, with the motto "Building a just world and a sustainable planet." Over recent years, the two nations have strengthened cooperation across various sectors, including renewable energy, space technology and sustainable agriculture, working together to promote environmental and economic sustainability.
Alibaba Group Holding Limited (BABA) (NYSE: BABA and HKEX: 9988 and 89988, ?Alibaba,? ?Alibaba Group? or the ?Company?) () today announced that it proposes to concurrently offer U.S. dollar-denominated senior unsecured notes and RMB-denominated senior unsecured notes, subject to market and other conditions.
The dollar was looking to extend its bull run on Monday as lofty Treasury yields and a more restrained outlook for U.S. rate cuts burnished its attractiveness, though the risk of intervention had caused a pullback against the yen.
* Dollar holds near one-year high as yields support. * Markets await BOJ Gov speech, conference from 0100 GMT. * Host of Fed, ECB speakers due this week. By Wayne Cole. The dollar was looking to extend its bull run on Monday as lofty Treasury yields and a more restrained outlook for U.S. rate cuts burnished its attractiveness, though the risk of intervention had caused a pullback against the yen.
- A look at the day ahead in Asian markets. Asian markets could be in for a rocky ride on Monday, as rising U.S. bond yields, a surging dollar and a wobble on Wall Street on Friday call into question the wisdom of buying local assets. Fed Chair Jerome Powell's comments on Thursday - that the central bank is in no rush to lower interest rates - continue to reverberate around world markets.
A look at the day ahead in Asian markets. Asian markets could be in for a rocky ride on Monday, as rising U.S. bond yields, a surging dollar and a wobble on Wall Street on Friday call into question the wisdom of buying local assets. Fed Chair Jerome Powell's comments on Thursday - that the central bank is in no rush to lower interest rates - continue to reverberate around world markets.
Diplomatic tensions over global warming spilled over into the G20 summit negotiations in Brazil this week, with sources saying the 20 major economies reached a fragile consensus on climate finance that had eluded U.N. talks in Azerbaijan.
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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