News Results

  1. Sterling picks up versus dollar, flat against euro
    Reuters | 12/03/24 05:48 AM EST

    Sterling gained against the dollar on Tuesday after dovish comments from Federal Reserve Governor Christopher Waller and was steady against the euro as political turmoil in France kept investors on edge. The pound was last up 0.16% at $1.2678, recovering some of Monday's 0.7% loss.

  2. Nasdaq, S&P 500 post record closing highs; investors await more data
    Reuters | 12/03/24 05:39 AM EST

    The S&P 500 and Nasdaq eked out record closing highs on Tuesday, with tech-related shares extending recent gains as investors awaited further jobs data. The Dow finished slightly lower. Marketwatchers also digested reassuring comments from Federal Reserve policymakers. They stayed away from signaling whether they would support another interest rate cut later this month.

  3. US STOCKS-Futures bide time with focus on more data, Fed commentary
    Reuters | 12/03/24 05:37 AM EST

    * Futures: Dow down 0.01%, S&P 500 up 0.04%, Nasdaq down 0.02% U.S. stock index futures were muted on Tuesday after the S&P and the Nasdaq notched record high levels in the last session, with focus on a crucial jobs report later this week along with more data and commentary from Federal Reserve officials.

  4. PRECIOUS-Gold prices inch higher on Fed rate optimism with US data due
    Reuters | 12/03/24 04:56 AM EST

    * Fed likely to deliver 25bp rate cut in Dec -UBS. * US job openings data due at 1500 GMT. * Fed's Waller says inclined to cut rates in December. * Benchmark US 10-year Treasury yields near late Oct lows. By Daksh Grover.

  5. Trump tariffs could weigh on European growth and inflation, ECB's Cipollone says
    Reuters | 12/03/24 04:17 AM EST

    Import tariffs expected to be implemented by the administration of U.S. President-elect Donald Trump could lower economic growth and inflation in the 20 nations sharing the euro, European Central Bank board member Piero Cipollone said on Tuesday. Most economists agree that the possible tariffs would impact growth, though views diverge on the effect on consumer prices.

  6. Swiss inflation weaker than expected, boosting rate cut bets
    Reuters | 12/03/24 04:11 AM EST

    Swiss inflation rose less than expected in November, official data showed on Tuesday, boosting bets for a bigger interest rate cut by the Swiss National Bank next week. Swiss annual inflation advanced to 0.7% in November from 0.6% the previous month, according to figures from the Federal Statistics Office.

  7. BRIEF-Qube Prices A$600 Mln Of Senior Unsecured Notes
    Reuters | 12/03/24 01:37 AM EST

    Qube Holdings Ltd (QUBHF): * QUBE SUCCESSFULLY PRICES A$600 MILLLION OF SENIOR UNSECURED NOTES. * 7 YEAR NOTES PRICED AT A YIELD OF APPROXIMATELY 5.65% * SETTLEMENT OF ISSUANCE IS SCHEDULED ON 11TH DEC Further company coverage:

  8. JGB yields rangebound with focus fixed on BOJ rate hike
    Reuters | 12/03/24 01:29 AM EST

    Japanese government bond yields hovered in a tight range on Tuesday, as an auction for 10-year bonds made few waves amid heightened expectations that the Bank of Japan will raise interest rates this month. The 10-year JGB yield rose to as high as 1.085% but was last flat at 1.075% after the auction, while 10-year JGB futures rose 0.05 points to 142.87 yen.

  9. Core Scientific Prices Upsized $550 Million Convertible Senior Notes Offering
    Business Wire | 12/03/24 12:07 AM EST

    Core Scientific, Inc. (CORZ), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced the pricing of its offering of $550 million aggregate principal amount of 0.00% convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.

  10. Federal Reserve's Christopher Waller Signals December Rate Cut, Predicts Inflation's 'Downward Path To 2%'
    Benzinga | 12/02/24 11:15 PM EST

    On Monday, Federal Reserve Governor Christopher Waller indicated he is ?leaning toward? supporting an interest rate cut at the central bank?s December meeting while acknowledging recent inflation data has raised concerns about price pressures stalling above the Fed?s 2% target.

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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