* BoE, ECB, BOJ announce rate decisions this week. * US nonfarm payrolls, inflation data due. * Dollar holds near two-month low; euro, sterling steady. * Trump says leaning toward Warsh or Hassett for Fed Chair. By Rae Wee.
Gold extended gains on Monday, supported by a weaker dollar and softer U.S. Treasury yields, as investors looked ahead to key U.S. jobs data for clues on the Federal Reserve's policy path, while silver steadied after a record-breaking run last week. Spot gold rose 0.4% to $4,320.65 an ounce by 0319 GMT. U.S. gold futures gained 0.6% to $4,354.00 an ounce.
* Central banks including ECB, BOJ, BOE, Riksbank and Norges Bank due to meet. * Delayed US data including jobs and inflation to resume. * China Vanke bondholder vote renews concerns around property sector. By Gregor Stuart Hunter.
China's factory output growth slowed to a 15-month low, while retail sales posted their worst performance since the country abruptly ended its draconian "zero-COVID" curbs, highlighting the urgent need for new growth drivers heading into 2026.
* Factory output, retail sales grow at weakest pace in over a year. * Data highlight weak domestic demand, record trade surplus. * Policymakers face rising calls to reduce export reliance. * China growth expected to remain weak in 2026. By Joe Cash.
China's industrial output in November rose 4.8% year-on-year, slowing from the 4.9% growth in October, while retail sales growth slowed, official data showed on Monday. The industrial output data, released by the National Bureau of Statistics, missed a 5.0% increase forecast in a Reuters poll.
Property investment in China fell 15.9% year-on-year in the first 11 months, widening from the 14.7% drop in the January-to-October period, official data showed on Monday. Property sales by floor area declined 7.8% year-on-year, after falling 6.8% in the first 10 months. New construction starts measured by floor area dropped 20.5% year-on-year, compared with a 19.8% fall in January to October.
Gold rose on Monday, supported by softer U.S. Treasury yields, while silver steadied after a record-setting spree last week. FUNDAMENTALS. * Spot gold rose 0.3% to $4,313.08 per ounce by 0119 GMT. * Gold has gained about 64% this year, shattering multiple records and making it one of the best-performing assets of 2025. * U.S. gold futures gained 0.39% to $4,344.80 per ounce on Monday.
China's new home prices extended a decline in November, official data showed on Monday, indicating that a recovery in demand remains elusive despite the government vowing to stabilise the sector. Prices fell 0.4% month-on-month, according to Reuters calculations based on National Bureau of Statistics data, compared with a 0.5% decline in October.
The U.S. dollar edged lower against rivals including the yen and Swiss franc on Monday in a week packed with central bank decisions and U.S. data that could shed light on the Federal Reserve's near-term policy outlook. The dollar was last down 0.31% against the yen, trading at 155.345 to the dollar.
* BoE, ECB, BOJ announce rate decisions this week. * US nonfarm payrolls, inflation data due. * Dollar holds near two-month low; euro, sterling steady. * Trump says leaning toward Warsh or Hassett for Fed Chair. By Rae Wee.
MSCI's global equities gauge fell slightly with U.S. Treasury yields on Monday as investors were shy about taking big bets as they waited for the week's busy schedule of U.S. economic data releases including the jobs report and retail sales as well as the latest inflation reading.
* Central banks including ECB, BOJ, BOE, Riksbank and Norges Bank due to meet. * Delayed US data including jobs and inflation to resume. * China Vanke bondholder vote renews concerns around property sector. By Gregor Stuart Hunter.
Big Japanese manufacturers' business sentiment hit a four-year high in the three months to December, a closely watched survey showed on Monday, reinforcing market expectations the central bank will raise interest rates this week.
* Big manufacturers' sentiment index +15 vs previous +14. * Big non-manufacturers' index +34, unchanged from September. * Firms expect business conditions to worsen three months ahead. * Tankan reinforces dominant view BOJ to hike rates this week. By Leika Kihara.
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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