China's export growth gathered pace in April as factories raced to meet a wave of orders from AI-related industries and other buyers seeking to stockpile components amid fears the Iran war could push global input costs even higher.
China's export growth gathered pace in April as factories raced to meet a wave of orders from AI-related industries and other buyers seeking to stockpile components amid fears the Iran war could push global input costs even higher.
China's export growth gathered pace in April as factories raced to meet a wave of overseas orders from buyers seeking to stockpile components amid fears the Iran war could push global input costs even higher. Exports expanded 14.1% from a year earlier in U.S. dollar value terms, customs data showed on Saturday, outpacing the 2.5% gain in March and a 7.9% rise tipped by economists.
* US job growth beats expectations, S&P, Nasdaq hit records. * Intel shares surge on Apple (AAPL) deal report. * Brent hovers near $100/barrel on renewed Mideast hostilities. * U.S. consumer sentiment slumps. By Lawrence Delevingne and Samuel Indyk.
The ongoing war with Iran and its shock to oil prices and supplies have rocketed to the top of the list of concerns for financial stability, according to a semi-annual Federal Reserve report released on Friday.
* Fed report highlights inflation, growth risks from prolonged Middle East conflict and oil shock. * AI, private credit flagged as emerging financial stability concerns by survey respondents. * Fed says private credit risks are currently manageable, but warns of potential credit tightening. By Pete Schroeder.
U.S. job growth topped expectations for a second straight month in April - and by a hefty margin - while the unemployment rate held steady, showing the labor market is resilient in the face of the U.S.-Israeli war on Iran and the inflation pressures it has created. But looking beyond that headline figure, the job market is far from booming.
* US job growth beats expectations, S&P, Nasdaq hit records. * Intel shares surge on Apple (AAPL) deal report. * Brent hovers near $100/barrel on renewed Mideast hostilities. * U.S. consumer sentiment slumps. By Lawrence Delevingne and Samuel Indyk.
PPL Corp (PPL) on Friday underscored rising data-center power demand, citing a strong pipeline of requests and future load growth, as it narrowly beat first-quarter profit estimates, helped by higher retail rates in Kentucky. U.S. electricity demand hit record levels in 2025 and is expected to accelerate further as Big Tech firms ramp up power usage at fast-growing data centers.
Fitch: * FITCH UPGRADES GHANA TO 'B'; OUTLOOK POSITIVE. * FITCH: GHANA'S ACCOUNT SURPLUS WILL REMAIN STRONG IN 2026. * FITCH: EXPECT GHANA'S REAL GDP GROWTH WILL REMAIN SOLID THROUGH 2027. * FITCH: UPGRADE ON GHANA RATINGS REFLECTS SHARP FALL IN PUBLIC DEBT/GDP, SUPPORTED BY REAL GDP GROWTH.
* US job growth beats expectations, S&P gains 0.8% * Brent hovers near $100/barrel on renewed Mideast hostilities. * U.S. consumer sentiment slumps. By Lawrence Delevingne and Samuel Indyk. Global equities were mixed on Friday as new U.S. data showed domestic job growth, although consumer sentiment fell and oil prices remained elevated on continued fighting near the Strait of Hormuz.
* Canadian dollar falls 0.2% against the greenback. * Touches its weakest level since April 29 at 1.3710. * Canada's economy sheds 17,700 jobs in April. * Bond yields ease across a steeper curve. By Fergal Smith.
Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday that April hiring data shows more stability in the employment sector amid worrisome developments on the inflation front. The job market has been "stable without being good" and "I still think there's not a lot of evidence that the job market is falling apart," the official said in a CNBC interview.
Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday that April hiring data shows more stability in the employment sector amid worrisome developments on the inflation front. The job market has been "stable without being good" and "I still think there's not a lot of evidence that the job market is falling apart," the official said in a CNBC interview.
Goldman Sachs reported a decline in its private credit fund's value for the first quarter, as it saw an increase in unrealized losses and mark-downs in its portfolio, the fund said Friday.
Goldman Sachs (GS) reported a decline in its private credit fund's value for the first quarter, as it saw an increase in unrealized losses and mark-downs in its portfolio, the fund said Friday.
U.S. consumer sentiment slumped to a record low in early May as higher gasoline prices weighed on household finances and purchasing power, a survey showed on Friday. The University of Michigan's Surveys of Consumers said its Consumer Sentiment Index fell to an all-time low of 48.2 this month from a final reading 49.8 in April.
Bank of England Governor Andrew Bailey said on Friday he expected there to be a "wrestle" between the United States and international regulators on the treatment of stablecoins, a form of cryptocurrency he sees as a potential threat to financial stability.
Bank of England Governor Andrew Bailey said on Friday he expected there to be a "wrestle" between the United States and international regulators on the treatment of stablecoins, a form of cryptocurrency he sees as a potential threat to financial stability.
U.S. employment increased more than expected in April while the unemployment rate held steady at 4.3%, pointing to labor market resilience and reinforcing expectations that the Federal Reserve would leave interest rates unchanged for some time.
Strong U.S. hiring data in April dealt prospective Federal Reserve Chair Kevin Warsh's hopes of cutting interest rates a setback on Friday, giving officials greater latitude to use monetary policy to tackle increasingly high inflation. The U.S. economy added 115,000 jobs in April, exceeding analysts' forecasts, following an upwardly revised job gain of 185,000 in March.
Electric utility PPL Corp (PPL) narrowly beat Wall Street estimates for first-quarter adjusted profit on Friday, helped by higher retail rates at its Kentucky regulated segment.
U.S. employment increased more than expected in April, pointing to labor market stability and reinforcing expectations the Federal Reserve would keep interest rates unchanged for some time as the war with Iran fans inflation.
U.S. stock index futures extended gains on Friday after a stronger-than-expected jobs report signaled resilience in the labor market and eased concerns about a slowdown in the U.S. economy. A Labor Department report showed the U.S. economy added 115,000 jobs last month, compared with the economists' estimates for a rise of 62,000.
* Nonfarm payrolls increase 115,000 in April, above expectations for a 62,000 gain. * The number of part-time workers rises 445,000 to 4.9 million. * Unemployment rate unchanged at 4.3% as people drop out of the labor force. By Lucia Mutikani.
U.S. stock index futures extended gains on Friday after a stronger-than-expected jobs report signaled resilience in the labor market and eased concerns about a slowdown in the U.S. economy. A Labor Department report showed the U.S. economy added 115,000 jobs last month, compared with the economists' estimates for a rise of 62,000.
* Canada's unemployment rate climbs to 6.9% in April. * Economy lost a net 17,700 jobs last month, StatsCan says. * Average hourly wages of permanent employees grew 4.8% * Participation rate at 65% in April as population ages. By Promit Mukherjee.
Federal Reserve Governor Stephen Miran said on Friday that he hopes current central bank Chair Jerome Powell will stay on as a governor only for a short period of time. "Transitions are important," Miran said on Fox Business Network's program 'Mornings with Maria'.
Federal Reserve Governor Stephen Miran said on Friday that he hopes current central bank Chair Jerome Powell will only stay on as a governor for a short period of time. "Transitions are important," Miran said on Fox Business Network's program 'Mornings with Maria'.
* CPI, PPI, retail sales highlight US economic data. * Strong Q1 earnings season fuels rally; Cisco (CSCO), Applied
Materials (AMAT) due in week ahead. * Trump-Xi meeting set for end of week. By Lewis Krauskopf.
Japan is wagering that a hawkish shift at the Bank of Japan and an endorsement from U.S. Treasury Secretary Scott Bessent can give yen-buying intervention extra bite and help slow the embattled currency's slide.
* Exports up 0.5% vs forecast for 1.7% fall. * Trade surplus narrows to 14.3 billion euros. By Miranda Murray. German exports rose unexpectedly in March, official data showed on Friday, lifted by higher demand from Europe, as industrial output fell despite a forecast rise, dampened by a drop in energy production.
German industrial production fell unexpectedly in March, decreasing by 0.7% from the previous month, the federal statistics office said on Friday. Analysts polled by Reuters had predicted a 0.5% rise. The office offers more detailed data on its website.
U.S. job growth likely slowed in April as the boost from warmer weather and return of striking health workers faded, but that would not signal a material change in labor market conditions, with the unemployment rate expected to have held steady at 4.3%. The Labor Department's closely watched employment report on Friday is also projected to show wage growth picking up last month, which would fur...
* Nonfarm payrolls forecast increasing 62,000 in April. * Anticipated slowdown largely reflects fading boost from warmer weather and return of striking workers. * Unemployment rate likely held steady at 4.3%, but could round down to 4.2% By Lucia Mutikani.
Japan's service activity grew at its slowest pace in 11 months in April, as uncertainty and rising costs from the war in the Middle East weighed on sentiment, a private-sector survey showed on Friday. -- The final S&P Global Japan Services Purchasing Managers' Index slipped to 51.0 in April from 53.4 in March, the slowest growth since May last year.
Japan's real wages rose 1% in March from a year earlier, government data showed on Friday, in a third straight month?of gains that bolster the case for the Bank of Japan to raise interest rates at its next policy meeting in June. -- The data highlight?solid growth in Japanese wages, as March's spring wage negotiations resulted in?hikes of above 5% for a third consecutive year.
Japan's real wages rose 1% in March from a year earlier, government data showed on Friday, in a third straight month of gains that bolster the case for the Bank of Japan to raise interest rates at its next policy meeting in June. * The data highlight solid growth in Japanese wages, as March's spring wage negotiations resulted in hikes of above 5% for a third consecutive year.
Monster Beverage (MNST) beat Wall Street expectations for first-quarter revenue and profit on Thursday, as demand for energy drinks remained strong despite broader economic uncertainty. Health-conscious customers have been increasingly choosing energy and sugar-free drinks over regular sodas, with demand holding firm even as inflation squeezes household budgets.
Federal Reserve Bank of New York President John Williams said on Thursday that demand for U.S. government debt remains robust despite high levels of borrowing. The Fed is watching the very high level of government borrowing "very carefully," Williams said at an event in Newburgh, New York.
Federal Reserve Bank of New York President John Williams said on Thursday that demand for U.S. government debt remains robust despite high levels of borrowing. The Fed is watching the very high level of government borrowing "very carefully," Williams said in an event in Newburgh, New York.
* Cleveland Fed chief says policy stance should stay neutral due to uncertainty. * Hammack voices concern about 'inflationary mindset' becoming entrenched among businesses, consumers. * Hammack dissented against Fed keeping language implying next move would be a rate cut. By Michael S. Derby.
The Bank of Mexico cut its benchmark interest rate in a split decision on Thursday and said it was ending an over two-year-long easing cycle as it balances concerns over above-target inflation with pressure to revive Mexico's slowing economy.
The Bank of Mexico on Thursday cut its benchmark interest rate by 25 basis points to 6.50%, noting that the decision concludes a rate easing cycle that began in 2024.
Argentina's industrial output grew 5.0% in March compared to the same month last year in non-seasonally adjusted terms, data from national statistics agency INDEC showed on Thursday. March industrial output in South America's second-largest economy rose after eight consecutive months of declines, according to the INDEC data.
European Central Bank board member Isabel Schnabel said on Thursday that there appeared to be a disconnect between record stock market valuations and the risks facing the global economy. "There really seems to be a kind of disconnect," she said at an event at the London School of Economics.
Federal Reserve Bank of Cleveland President Beth Hammack said on Thursday that she hears concerns from businesses that an inflationary mindset is starting to become entrenched and needs to keep an open mind about the Fed's next policy move.
Federal Reserve Bank of Cleveland President Beth Hammack said on Thursday that she hears concerns from businesses that an inflationary mindset is starting to become entrenched and needs to keep an open mind about the Fed's next policy move.
* Yields climb as oil rebounds after WSJ report. * Fed officials say inflation risks may delay rate cuts. * Initial jobless claims rise, but below expectations. By Chuck Mikolajczak.
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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