RBC said it expects real gross domestic product to increase by 0.2% month over month in February, in line with Statistics Canada's advance estimate. Canada is set to release GDP data on Thursday. Industry data points to continued growth in goods and services sectors with manufacturing and wholesales recovering as earlier auto production disruptions faded, noted the bank.
Federal Reserve policymakers will gather in Washington this week in what may be Jerome Powell's last meeting as head of the U.S. central bank, with energy prices still elevated and the Iran war at a standstill and likely to prolong uncertainty about the economic and monetary policy outlook.
Domino's Pizza missed same-store sales estimates for the first quarter on Monday, as higher living costs tied to ongoing geopolitical and economic uncertainties prompted budget-strained Americans to cut discretionary spending, including dining out.
* Fed officials will decide whether to signal possible rate hikes amid oil shock. * Warsh confirmation may move forward after end of Powell probe. * Powell could still remain on Fed's Board of Governors until 2028. By Howard Schneider.
CareTrust REIT, Inc. (CTRE) announced today that Moody?s Ratings upgraded the Company?s issuer rating and senior unsecured notes to an investment grade rating of Baa3.
British Prime Minister Keir Starmer will host representatives from the Bank of England on Tuesday at a meeting of the government's emergency response committee focused on the impact of the war in Iran.
* Trump says Iran can phone if it wants to talk. * Fed expected to hold interest rates steady at April FOMC meeting. * Investors look out for BOJ, ECB central bank meetings. By Pablo Sinha. Gold prices were largely steady on Monday, as traders stayed cautious ahead of upcoming central bank meetings, wary that persistent strength in oil prices could prompt a more hawkish policy stance.
Sterling edged up against the dollar on Monday as markets focused on geopolitics amid uncertainty over a possible U.S.-Iran deal that could reopen the Strait of Hormuz, while awaiting the Bank of England policy meeting later this week.
* ECB meets on Thursday and is expected to hold rates. * Markets price in two rate hikes this year. * Oil price shock hurting euro zone growth outlook. By Yoruk Bahceli and Stefano Rebaudo. The European Central Bank meets on Thursday, with an Iran war ceasefire easing the pressure on it for an immediate interest rate hike.
Euro zone firms expect inflation to surge in the near term on the war in Iran but longer-term bets remained steady and wage growth is actually seen moderating, the European Central Bank's Survey on the Access to Finance of Enterprises showed on Monday.
* Receding hopes of peace deal cast shadow over markets. * Hormuz stays shut as Trump cancels envoys' Islamabad trip. * Axios report on Iran peace offer brings hopes of resolution. * Investors eye central bank meetings, BOJ, ECB and Fed to hold rates. By Stefano Rebaudo and Ankur Banerjee.
Euro zone bonds held steady in early trading on Monday with no major weekend developments in the U.S.-Israeli war on Iran to react to ahead of this week's European Central Bank meeting.
Chinese regulators are holding a meeting with credit rating agencies on Monday to press for higher rating quality in the country's $29 trillion bond market, according to sources. Fifteen rating agencies gathered in Beijing to discuss issues such as inflated ratings, in a government-orchestrated effort to improve rating quality and corporate governance, one of the sources said.
The CNN Money Fear and Greed index showed a slight decline in the overall market sentiment, while the index remained in the ?Greed? zone on Friday. U.S. stocks settled mixed on Friday, with the S&P 500 and Nasdaq Composite settling at record levels during the session.
The following are the top stories on the New York Times business pages. - Republican Senator Thom Tillis said he would allow Senate confirmation of Federal Reserve chair nominee Kevin Warsh to go forward after the Department of Justice on Friday dropped an investigation into Fed Chair Jerome Powell that Tillis viewed as a threat to the central bank's political independence.
* Lack of progress over peace deal casts shadow over markets. * Hormuz stays shut as Trump cancels envoys' Islamabad trip. * Axios report on Iran peace offer brings hopes of resolution. * Investors eye central bank meetings, BOJ and Fed to hold rates. By Ankur Banerjee.
* Receding hopes of peace deal cast shadow over markets. * Hormuz stays shut as Trump cancels envoys' Islamabad trip. * Axios report on Iran peace offer brings hopes of resolution. * Investors eye central bank meetings, BOJ and Fed to hold rates. By Ankur Banerjee.
Japanese government bonds slid on Monday as investors awaited signals from the central bank on the timing of its next interest rate increase. The benchmark 10-year JGB yield rose 1.5 basis points to 2.450%, creeping higher for a fourth straight session. The BOJ is expected to keep its key rate steady at 0.75% at the end of its two-day meeting on Tuesday.
The U.S. dollar eased against the euro on Monday as investors weighed a diplomatic impasse in U.S.-Iran negotiations and braced for a week packed with central bank decisions, including what is expected to be Federal Reserve Chair Jerome Powell's final meeting at the helm.
* Receding hopes of peace deal casts shadow on markets. * Hormuz stays shut as Trump cancels envoys' Islamabad visit. * Investors eye central bank meetings, BOJ and Fed to stand pat. By Ankur Banerjee.
* Oil futures notch three-week peak on Iran worries. * Kospi, Nikkei mark record highs on AI optimism. * 44% of S&P 500 by market cap due to report this week. * Central banks in Japan, US, UK, Europe and Canada seen on hold. By Tom Westbrook.
MSCI's global equities index advanced modestly on Monday after the White House said President Donald Trump was reviewing a proposal from Iran?while investors looked cautiously ahead to a busy week of megacap earnings reports, economic data and central bank decisions.
U.S. Republican Senator Thom Tillis said on Sunday in an interview on NBC's "Meet the Press" that he is prepared to move forward with the confirmation of Kevin Warsh as Federal Reserve chair.
Republican Senator Thom Tillis on Sunday said he would allow Senate confirmation of Federal Reserve chair nominee Kevin Warsh to go forward after the Department of Justice on Friday dropped an investigation into Fed Chair Jerome Powell that Tillis viewed as a threat to the central bank's political independence.
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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