Data flow was mixed this week in Canada, said TD. Given the importance of business investment in forecasts for Canadian economic growth, the bank was "eagerly" anticipating last week's release of the survey of capital spending for 2026. Investment intentions for 2026 in the survey flagged another outperformance by the public sector.
Chile's economic activity fell 0.1% in January from a year earlier, central bank data showed on Monday, weighed down by a decline in goods production, including in the key mining sector. The IMACEC economic activity index landed way below market forecasts, as economists polled by Reuters expected a 1.1% expansion, and slowedsharply from the 1.7% increase reported in December.
* Brent up sharply on supply concerns, off early peak. * Trump says strikes on Iran could last four weeks. * S&P 500 futures slide, Europe, Asia shares down 1-2% * Dollar jumps on euro, Treasury yields rise from near 11-month low. * Dollar gains on yen, Swiss franc, SNB threatens intervention. By Alun John and Wayne Cole.
Chile's economic activity fell 0.1% in January when compared to a year earlier, central bank data showed on Monday, way below market forecasts as economists polled by Reuters expected a 1.1% expansion. The IMACEC index, which accounts for about 90% of the Andean country's gross domestic product, registered a 0.2% increase on a monthly basis, the central bank added.
* Middle East conflict disrupts Strait of Hormuz supply route. * UAE is largest aluminium producer in the region. * Prolonged conflict could affect global metals demand. By Pratima Desai. Aluminium prices rose to their highest in more than a month on Monday after U.S. and Israeli strikes in Iran fuelled concerns about prolonged conflict in the Middle East, a major producer of the metal.
U.S. Federal Reserve officials who have largely accepted that artificial intelligence will lead to dramatic shifts in the economy are now struggling to understand the pace and extent of what's to come, with a divide emerging over its potential to impact the labor market and prices.
US equity investors will mainly focus on the US- and Israel-led war on Iran and its impact across asset classes and sectors, as well as nonfarm payrolls this week. * Kuwait's Ministry of Defense said "several" US military aircraft crashed Monday and that "all crews survived," CNN reported. * West Texas Intermediate crude oil futures jumped 7.7% to $72.11 a barrel early Monday.
* Central bank makes rare verbal intervention. * Franc rises to highest level versus euro since 2015. * Analyst does not expect bank to cut rates. By John Revill. The Swiss National Bank said on Monday it was more willing to intervene in foreign currency markets after the conflict in the Middle East pushed the Swiss franc to its highest level against the euro in more than a decade.
Arthur Hayes, Chief Investment Officer at?Maelstrom?Fund, said Sunday that a prolonged U.S.-Iran conflict could force the Federal Reserve to print more money, ultimately driving Bitcoin higher. In an essay titled iOS Warfare, Hayes analyzed the Trump administration?s decision to strike Iran and what could happen to investment portfolios as a result.
Activity in Britain's manufacturing sector rose last month and export orders increased by the most in four-and-a-half years, according to a survey on Monday that showed steady growth momentum at the start of the year despite stronger cost pressures.
Euro zone manufacturing expanded at its fastest pace in nearly four years last month as new orders bounced and factory output rose although rising cost pressures squeezed margins, a survey showed on Monday.
* Brent up sharply on supply concerns, off early peak. * Trump says strikes on Iran could last four weeks. * Dollar jumps on euro, Treasury yields rise from near 11mth low. * S&P 500 futures slide, Europe's STOXX 600 down nearly 2% By Alun John and Wayne Cole.
* Spike in oil costs to hurt Japan's import-reliant economy. * Degree of damage to depend on operations around Strait of Hormuz. * BOJ may take wait-and-see approach, delay rate-hike timing. * PM says govt ready to act flexibly to minimise economic impact. * BOJ expected to continue raising rates, deputy governor says. By Leika Kihara.
Aluminium prices rose on Monday as the U.S.-Israel attack on Iran heightened concerns over potential disruptions to shipping in the key Strait of Hormuz, a critical route for global commodities. The most-active aluminium contract on the Shanghai Futures Exchange climbed 3.21% to close daytime trading at 24.465 yuan a metric ton, having touched a four-week high of 24,495 yuan.
The Swiss National Bank reported an annual profit of 26.1 billion Swiss francs for 2025, the central bank said on Monday, confirming its earlier provisional figures. The SNB said in January it expected to make a profit of around 26 billion francs last year, a figure that was boosted by a sharp increase in gold prices as investors sought safe-haven assets amid global trade turmoil.
* 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.
Gold prices rose on Monday after the U.S. and Israel launched major strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei, escalating geopolitical tensions and deepening global economic uncertainty. Spot gold was up 1.37% at $5,349.44 an ounce, as of 0439 GMT, after hitting its highest point in more than four weeks. U.S. gold futures rose 2.21% to $5,362.60 per ounce.
* Brent up on sharply on supply concerns, off early peak. * Trump says strikes on Iran could last four weeks. * Dollar edges up on euro, Treasury yields steady near 11mth low. * S&P 500 and EU stock futures slide, Nikkei dives. By Wayne Cole.
Aluminium prices rose on Monday as the U.S.-Israel attack on Iran heightened concerns over potential disruptions to shipping in the key Strait of Hormuz, a critical route for global commodities. The most-active aluminium contract on the Shanghai Futures Exchange rose 1.14% to 23,975 yuan a metric ton as of 0255 GMT, having gained 1.67% to 24,100 yuan earlier this session.
* Spike in oil costs to hurt Japan's import-reliant economy. * Degree of damage to depend on operations around Strait of Hormuz. * BOJ may take wait-and-see approach, delay rate-hike timing. By Leika Kihara.
* Brent briefly jumps above $80 a barrel on supply worries. * Dollar up broadly on euro, Treasury yields at 3-month lows. * S&P 500 and EU stock futures slide, Nikkei dives. By Wayne Cole. Oil prices surged on Monday and shares slid as military conflict in the Middle East looked set to last weeks, sending investors flocking to the relative safety of the dollar, gold and bonds.
Oil and gas prices surged while the dollar and safe-haven gold rallied on Monday as the U.S.-Israeli air war against Iran widened and looked set to last for weeks, prompting worries that it could upend a global economic recovery and perhaps reignite inflation. In response, global equity indexes underperformed U.S. stocks and Treasury yields rose on inflation fears.
Japan's manufacturing activity accelerated in February to its fastest pace in almost four years, as robust demand led to sharp increases in output, new orders and employment across the board, a private-sector survey showed on Monday.
Bitcoin's future hinges less on technological factors and more on how AI affects growth, employment, real interest rates, and central bank liquidity, NYDIG Research argues.
The death toll has risen to 20 in the crash on Friday evening of a Bolivian Air Force Hercules aircraft during bad weather in the city of El Alto, near Bolivia's capital La Paz, AFP reported citing police. The plane was carrying new banknotes from the country's central bank.
CHICAGO, Feb. 27, 2026 ?Ziegler, a specialty investment bank, is pleased to announce the successful closing of River's Edge, the largest senior living tax-exempt bond transaction to date.
US equity indexes fell on Friday as a layoff announcement at Block prompted fears of wider job displacement in favor of AI, sending Treasury yields to fresh lows on the year.
The Nasdaq Composite and the S&P 500 suffered back-to-back declines on Friday following a hot producer prices report, while both benchmarks logged their steepest monthly declines in almost a year.
US equity indexes fell this week as the producer price index turned hot and Nvidia's (NVDA) blowout beat-and-raise failed to stem the so-called AI-scare trade. * The S&P 500 closed at 6,878.88 on Friday versus 6,909.51 a week ago.
AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the recently issued CAD 400 million, 4.4% senior unsecured notes, due February 2036, of Fairfax Financial Holdings Limited (FRFHF) [TSX: FFH]. The outlook assigned to this Credit Rating is stable. The Long-Term Issuer Credit Rating of Fairfax, as well as the ratings of its operating subsidiaries and all other debt issuances, are unchanged.
AM Best assigned the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? to Redbridge Insurance Company. The Credit Ratings assigned to RIC reflect its reinsurance agreement with RICL.
Royal Caribbean Group completed a registered public offering of $1.25 billions of 4.75% senior unsecured notes due 2033 and $1.25 billion of 5.25% senior unsecured notes due 2038. The notes will mature on May 15, 2033, and Feb. 27, 2038, unless earlier redeemed or repurchased, the company said Friday in a statement.
MIAMI, Feb. 27, 2026 Royal Caribbean Cruises Ltd. (RCL) today announced that it has completed its registered public offering of $1.25 billion aggregate principal amount of 4.750% senior unsecured notes due 2033 and $1.25 billion aggregate principal amount of 5.250% senior unsecured notes due 2038.
US equity indexes were down Friday following a higher-than-expected producer price report and continued pressure on technology stocks. * The Bureau of Labor Statistics said Friday the US Producer Price Index rose by 0.5% in January following a 0.4% increase in December, and higher than the 0.3% gain expected in a Bloomberg survey.
Financial stocks declined in Friday trading with the NYSE Financial Index falling 2% and the State Street Financial Select Sector SPDR ETF dropping 2.1%. The Philadelphia Housing Index rose 0.6%, and the State Street Real Estate Select Sector SPDR ETF gained 0.5%. Bitcoin fell 2.8% to $65,649, and the yield for 10-year US Treasuries dropped 5.5 basis points to 3.96%. In economic news, the US pr...
Financial stocks declined in late Friday afternoon trading, with the NYSE Financial Index dropping 2% and the State Street Financial Select Sector SPDR ETF falling 2.1%. The Philadelphia Housing Index was climbing 0.8%, and the State Street Real Estate Select Sector SPDR ETF was up 0.3%. Bitcoin was falling 2.8% to $65,649, and the yield for 10-year US Treasuries was dropping 5.5 basis points t...
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Seguros Universales, S.A.. The Credit Ratings reflect Universales? balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk manag...
Securitization is Backed by Trust Preferred Securities, Subordinated Debt, Senior Unsecured Notes, and Surplus Notes EJF Capital LP today announced the closing of TruPS Financials Note Securitization 2026-1, an approximately $305 million securitization backed by trust preferred securities, subordinated debt, senior unsecured notes, and surplus notes issued by U.S. community banks and insurance ...
* Canadian dollar gains 0.4% against the greenback. * Touches an 11-day high at 1.3626. * Canada's fourth-quarter GDP decreases 0.6% on annualized basis. * Ten-year yield approaches three-month low. By Fergal Smith.
* US Senate will decide whether to confirm Warsh as next Fed chief. * Powell's term as head of US central bank ends on May 15. * Department of Justice investigation into Powell complicates Warsh nomination. * Trump wants a Fed chief who will deliver big interest rate cuts. By Ann Saphir.
California and nine states' financial officers urged President Trump to honor the Supreme Court's ruling striking down his tariffs, citing harm to state budgets and the need for economic predictability.
Financial stocks declined in Friday afternoon trading, with the NYSE Financial Index dropping 2.1% and the State Street Financial Select Sector SPDR ETF falling 2.5%. The Philadelphia Housing Index was climbing 1%, and the State Street Real Estate Select Sector SPDR ETF was up 0.6%. Bitcoin was falling 2.6% to $65,473, and the yield for 10-year US Treasuries was dropping to around 3.97%. In eco...
Financial stocks were decreasing in Friday afternoon trading, with the NYSE Financial Index dropping 2.1% and the State Street Financial Select Sector SPDR ETF falling 2.5%. The Philadelphia Housing Index was climbing 1%, and the State Street Real Estate Select Sector SPDR ETF was up 0.9%. Bitcoin was falling 2.8% to $65,598, and the yield for 10-year US Treasuries was dropping 3.7 basis points...
President Donald Trump has yet to formally nominate Kevin Warsh to succeed Jerome Powell as head of the Federal Reserve, a delay that, while not unprecedented, is also not typical and adds to uncertainty in a process clouded by concerns about political pressure on the U.S. central bank. Trump named Warsh, a former Fed governor, as his nominee four weeks ago.
* US Senate will decide whether to confirm Warsh as next Fed chief. * Powell's term as head of US central bank ends on May 15. * Department of Justice investigation into Powell complicates Warsh nomination. * Trump wants a Fed chief who will deliver big interest rate cuts. By Ann Saphir.
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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