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The US dollar was mixed against its major trading partners early Friday -- up versus the euro and pound, down versus the yen and Canadian dollar -- ahead of the release of producer price index data for January at 8:30 am ET, the Chicago purchasing managers' index for February at 9:45 am ET and construction spending for December at 10:00 am ET.
Zimbabwe's central bank Friday said its Monetary Policy Committee decided to keep its Bank Policy Rate at 35.0%. "The tight monetary policy stance adopted by the Reserve Bank since September 2024 has engendered a progressive disinflation trajectory and delivered a singledigit inflation starting in January 2026," wrote the central bank in its policy statement.
Brazil's public sector gross debt held steady at 78.7% of gross domestic product in January, central bank data showed on Friday, while economists polled by Reuters expected it to rise to 79.0% of GDP. The public sector recorded a primary surplus of 103.689 billion reais for the month, compared with the 103.2 billion reais surplus expected in the poll.
Copper prices hit a four-week high on Friday and were set for a seventh consecutive monthly gain as demand optimism outweighed concerns over stocks piling up. Benchmark three-month copper on the London Metal Exchange rose 0.4% to $13,355.50 a metric ton by 1700 GMT after touching $13,527, its highest since January 30.
JPMorgan's analysts said they were closing their long offshore Chinese yuan position after the country's central bank cut the cost of buying dollar forwards on Friday in a bid to tame the yuan's recent rally.
The province of Alberta in Canada is budgeting for a larger deficit in the upcoming fiscal year, with a $9.4 billion shortfall, or 1.9% gross domestic product, up from a revised $4.1 billion, 0.8% GDP, estimate for the outgoing year, said CIBC.
* India remains fastest-growing major economy globally. * Modi's government revamps economic data for accuracy. * Growth at 7.8% in October-December quarter; projected at 7.6% in 2025-26. * Private consumption expands 8.7% year-on-year in Q3. * 2026/27 growth seen at 7%-7.4% under new GDP series, economic adviser says. By Nikunj Ohri, Manoj Kumar and Shubham Batra.
Even as updated inflation data shows persistent price pressures, the Federal Reserve faces continued uncertainty over interest rates, according to researchers at Florida Atlantic University. The Personal Consumption Expenditures Price Index, which is the Federal Reserve?s preferred measure of inflation, grew at a continuously compounding annualized rate of 4.4% in the last month of 2025.
The Federal Reserve will get another readout on the strength of the labour market before its March meeting, OPEC+ members meet to discuss output quotas and Beijing decides on its economic goals for the next year. All of this unfolds against a fraught geopolitical backdrop, with the United States expanding its military presence in the Middle East. And don't forget about tariffs.
* Australian dollar jumps on hawkish RBA outlook. * China's PBOC moves to slow pace of yuan appreciation. * Yen struggles as politics complicates rate-hike path. By Rae Wee. The Australian dollar was poised for another sharp monthly gain on Friday as expectations grow for a more hawkish central bank, while the yuan lost momentum after China hit the brakes on a long-running rally in the currency.
Copper was poised to register a weekly gain on Friday, the first week of trading week after China's nine-day Lunar New Year break, supported by demand and growth optimism. The most-active copper contract on the Shanghai Futures Exchange nudged 0.12% upward to 102,820 yuan a metric ton as of 0245 GMT, and is poised to end the week higher.
The dollar headed for its first monthly gain since October on Friday, boosted by simmering geopolitical tensions, while the yuan lost momentum after China hit the brakes on a long-running rally. The Australian dollar was set for a fourth straight monthly gain, propelled by expectations that the central bank would shift towards raising interest rates, as the economy powers ahead.
* Australian dollar jumps on hawkish RBA outlook. * Yen struggles as politics complicates rate-hike path. * China's PBOC moves to slow pace of yuan appreciation. By Rae Wee.
Annual core inflation in Tokyo slowed in February, running below the Bank of Japan's 2% target for the first time in 16 months, data showed on Friday, potentially heightening friction between the central bank and the government on the future path of rate hikes.
* February Tokyo core CPI rises 1.8% yr/yr vs forecast +1.7% * Index excluding fresh food, fuel rises 2.5% yr/yr. * Data in line with BOJ's forecast of brief inflation slowdown. By Makiko Yamazaki and Leika Kihara.
Major U.S. indices closed mixed on Thursday, with the Dow Jones Industrial Average edging up 0.03% to 49,499.20, while the S&P 500 slipped 0.5% to 6,908.86 and the Nasdaq dropped 1.18% to 22,878.38.Investors were jittery as U.S. initial jobless claims rose by 4,000 to 212,000 in the third week of February, coming in below estimates of 215,000.
Argentine state energy firm YPF posted a fourth-quarter net loss of $649 million, more than double the $284 million loss it reported a year earlier due to shifting prices in oil and petroleum derivatives and a slowdown in gas sales, the company said. The company's revenues fell 4% year-on-year, landing at $4.56 billion.
The U.S. Federal Reserve is waging a behind-closed-doors legal challenge to two subpoenas issued in U.S. Attorney Jeanine Pirro's criminal investigation of Chair Jerome Powell, the Wall Street Journal said on Thursday. Reuters could not immediately confirm the report.
The U.S. Federal Reserve is waging a behind-closed-doors legal challenge to two subpoenas issued in U.S. Attorney Jeanine Pirro's criminal investigation of Chair Jerome Powell, the Wall Street Journal said on Thursday. Reuters could not immediately confirm the report.
Japan's factory output was up 2.2% in January from the previous month, worse than the median market forecast for a 5.3% rise, government data showed on Friday. Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect seasonally adjusted output to fall 0.5% in February and decrease 2.6% in March.
* February Tokyo core CPI rises 1.8% yr/yr vs forecast +1.7% * Index excluding fresh food, fuel rises 2.5% yr/yr. * Data in line with BOJ's forecast of brief inflation slowdown.
Brazil's National Monetary Council decided on Thursday to loosen conditions on loans to airlines backed by the National Civil Aviation Fund, a public fund expected to release 4 billion reais starting in 2026. ?. The council is the country's top economic policy body and is formed by three members: the finance minister, the planning and budget minister, and the central bank chief.
Increased 2025 Revenue by?14% Year-over-Year to $748.3 Million, Driven by Global Growth in Social, CTV Measurement, and Programmatic Activation Achieved 2025 Net Income of $50.7 Million and Adjusted EBITDA of $245.6 Million, representing a 33% Adjusted EBITDA margin $300 Million Authorized for Share Repurchases, the Largest Amount in DoubleVerify?s History NEW YORK, Feb. 26, 2026 -- DoubleVe...
Weekly applications for unemployment insurance in the US rose less than estimated, while continuing claims decreased, government data showed Thursday. For the week through Feb. 21, the seasonally adjusted number of initial claims increased by 4,000 to 212,000 from the previous week's average that was adjusted upwards by 2,000, the Department of Labor said.
Federal Reserve chair nominee Kevin Warsh's path to out-of-the-gate interest rate cuts in alignment with President Donald Trump's expectations could be narrowing amid emerging bullishness about the U.S. economy, growing CEO confidence in the outlook, and investors keying off a hawkish shift among the central bank's policymakers.
* IMF sees limited scope for US rate cuts amid strong economic growth. * CEO survey shows optimism, ongoing tariff pass-through. * Fed sentiment could tilt more hawkish if jobs data strengthens. By Howard Schneider and Ann Saphir.
Chicago Federal Reserve President Austan Goolsbee said on Thursday his forecast for several interest-rate cuts later this year makes him one of the more "optimistic" Fed policymakers, but said he wants the Fed to be "careful" in doing so because it could overheat the economy and inflation.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. We increase our 12-month target price by CAD25 to CAD305, 17.4x our FY 27 EPS view of CAD17.55, a wider risk premium than the peer average of 12.7x given its scale and superior earnings profile. MT Newswires does not provide investment advice.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. We increase our 12-month target price by USD23 to USD223, 17.4x our FY 27 EPS view of CAD17.55, a wider risk premium than the peer average of 12.7x given its scale and superior earnings profile. MT Newswires does not provide investment advice.
* Canadian dollar falls 0.1% against the greenback. * Trades in a range of 1.3660 to 1.3712. * Current account deficit narrows to C$710 million. * 10-year yield hits a near three-month low. By Fergal Smith.
The average rate on the popular U.S. 30-year fixed-rate mortgage fell below 6% this week for the first time in 3-1/2 years, but the decline is likely temporary and on its own insufficient?to significantly boost housing demand unless supply increases, said economists.
The Kansas City Federal Reserve's manufacturing index rose to 5 in February from 0 in the previous two months. The ISM's national manufacturing reading will be released on March 2. Initial jobless claims increased by 4,000 to 212,000 in the week ended Feb. 21, lifting the four-week moving average by 750 to 220,250.
The average rate on the popular U.S. 30-year fixed-rate mortgage dropped below 6% this week for the first time in nearly 3-1/2 years, which could help to improve housing affordability. The 30-year fixed mortgage rate averaged 5.98%, the lowest level since September 2022, from 6.01% last week, mortgage finance agency Freddie Mac said on Thursday.
The European stock markets were set to close mixed in Thursday trading as The Stoxx Europe was unchanged, Germany's DAX rose 0.4%, the FTSE 100 was up 0.4%, France's CAC gained 0.7%, and the Swiss Market Index was down 0.5%. The Economic Sentiment Indicator for February decreased in both the EU and the euro area, falling 1 point to 98.3 for each, according to the European Commission.
Alberta will release its 2026-27 budget at around 5:15 p.m. ET on Thursday, said Scotiabank. While the province recorded a sizeable surplus of $8.3 billion, or 1.8% of gross domestic product, in 2024-25, lower oil prices and higher spending on health and education have pushed the province into the red this year, noted the bank.
The Kansas City Fed monthly manufacturing index rose to a reading of 5 in February from 0 in January, higher than expectations for an increase to 2 in a survey compiled by Bloomberg. The increase follows expansion in readings for the other regional manufacturing data released so far.
Botswana's central bank Thursday said its Monetary Policy Committee decided to maintain the Monetary policy Rate at 3.50%. "The economy is expected to continue to operate below full capacity in the short-to-medium term, therefore subdued demand-driven inflationary pressures," wrote the central bank in its policy statement."
* Weekly jobless claims increase 4,000 to 212,000. * Continuing claims decrease 31,000 to 1.833 million. * Chicago Fed forecasts unemployment rate steady at 4.28% in February. By Lucia Mutikani. The number of Americans filing new applications for jobless benefits increased slightly last week and the unemployment rate appeared to hold steady in February amid a stable labor market.
Federal Reserve Governor Stephen Miran said strong job growth in January was "a really good thing," but that the Fed should still cut a full percentage point from its policy rate this year because there were still risks to the labor market while inflation was no longer a problem.
Bank of Montreal on Thursday said an improving current account deficit over recent quarters reflects a recovery from peak trade uncertainty in Q2, while a return to net foreign direct investment inflows is welcome. BMO noted Canada's current account deficit narrowed to $700 million, $2.8 billion a.r., in Q4, following a shortfall of $5.3 billion, or $21.1 billion a.r., in Q3.
* US, Iran to hold talks in Geneva later in the day. * Mediator Oman hopes for progress in Iran-US nuclear talks. * US tariff rate for some countries will rise to 15%, says Greer. By Anmol Choubey.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Royal Bank of Canada (RY) beat Q1 FY 26 earnings with operating EPS of CAD4.08 vs. MT Newswires does not provide investment advice.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Royal Bank of Canada (RY) beat Q1 FY 26 earnings with operating EPS of CAD4.08 vs. MT Newswires does not provide investment advice.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Royal Bank of Canada (RY) beat Q1 FY 26 earnings with operating EPS of CAD4.08 vs. MT Newswires does not provide investment advice.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Royal Bank of Canada (RY) beat Q1 FY 26 earnings with operating EPS of CAD4.08 vs. MT Newswires does not provide investment advice.
Ecuador will increase tariffs on Colombian imports to 50% from the current 30% from March 1, the government said in a statement on Thursday. A 30% tariff on Colombian imports had been in effect since early February, which Ecuador imposed citing a trade deficit with the neighboring country and a lack of cooperation in combating drug trafficking along their shared border.
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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