ISTANBUL, Sept. 28, 2021 Ko? Group has reached yet another milestone in its transformation journey with another manufacturing plant included in the "Global Lighthouse Network" by the World Economic Forum, which recognizes leaders in applying Fourth Industrial Revolution technologies.
* Euro zone inflation expectations hit highest since 2015. * U.S. 10-year Treasury hits highest since Jun. 17. * MSCI All Country World dips for third day. By Ritvik Carvalho. Global shares fell for a third successive day on Tuesday, while bond yields and measures of inflation expectations on both sides of the Atlantic soared on anxiety over when central banks might raise interest rates.
Citi on Tuesday trimmed its China growth forecast for next year to 4.9% from 5.5%, citing expected spillover from the woes of embattled property giant Evergrande, and predicted policy makers would deliver more interest rate reductions. "The balancing between moral hazard risks and contagion risks points towards a managed restructuring," Citi's Xiangrong Yu wrote in a note to clients.
S&P CoreLogic Case-Shiller Home Price Index for July; U.S. Government bond yields hit their highest level in three months and stock futures sagged as investors rotated out of interest-rate sensitive technology stocks. Some investors are recalibrating portfolios to prepare for the gradual end of the ultra-supportive monetary policies employed to see the economy through the worst of the coronavirus-driven downturn.
China will continue its "normal" monetary policy for as long as possible and has no need to purchase assets like many western peers, said Yi Gang, governor of the People's Bank of China. The Chinese economy's potential growth is expected at a range of 5% to 6%, which will provide conditions for the PBOC to implement normal monetary policy, Mr. Yi said in an article published Tuesday.
Nasdaq futures fell more than 1% on Tuesday as technology heavyweights came under pressure from a surge in bond yields, which have been lifted by expectations of higher interest rates following recent comments from the Federal Reserve. The two-year U.S. Treasury yield surged to 18-month highs, weighing on shares of high-growth companies whose values rest heavily on future earnings.
U.S. Treasuries extended their selloff into a fourth day on Tuesday, with 10-year yields rising to new end-of-June highs while the TIPS market also started pricing in higher future inflation. The prospect of rising cash rates and the risk of inflation proving less transitory than expected took two-year yields to 18-month highs.
* Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. By Joice Alves. Sterling fell versus a strengthening dollar on Tuesday after U.S. treasury yields jumped to the highest in almost three months following hawkish U.S. Federal Reserve remarks.
UK Supply Chain Issues Likely to Hold Back Sterling. 0807 GMT- The pound may struggle to rise considerably as the U.K.' s current supply chain crisis could discourage the Bank of England from raising interest rates, Commerzbank says. BOE Governor Andrew Bailey on Monday reiterated rates could rise before year-end but this is unlikely as he also stressed that supply bottlenecks are weighing on the economic outlook and that tightening monetary policy too early would also slow down...
* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Ritvik Carvalho. Global shares fell for a third successive day on Wednesday, while bond yields on both sides of the Atlantic soared on anxiety over when central banks might raise interest rates.
French consumer confidence improved more than expected in September as households' concerns about unemployment eased, a monthly survey showed on Tuesday. The INSEE official statistics agency said its consumer confidence index rose to 102 from 99 in August, hitting its highest level since June.
French consumer confidence improved more than expected in September as households' concerns about unemployment eased, a monthly survey showed on Tuesday. The INSEE official statistics agency said its consumer confidence index rose to 102 from 99 in August, hitting its highest level since June.
Euro zone bond yields rose to their highest since early July on Tuesday, tracking moves in U.S. Treasuries, as markets continued to fret about when central banks might tighten monetary policy.
A look at the day ahead from Sujata Rao. It's only Tuesday but ten-year Treasury yields are already up 8 basis points this week, leading a global move up in government borrowing costs after last week's hawkish central bank chorus. Even more interesting is the move in inflation breakevens, which reflect bond market expectations of future price growth.
A look at the day ahead from Sujata Rao It's only Tuesday but ten-year Treasury yields are already up 8 basis points this week, leading a global move up in government borrowing costs after last week's hawkish central bank chorus. Even more interesting is the move in inflation breakevens, which reflect bond market expectations of future price growth.
FTSE 100 to Open Flat Ahead of Powell Speech. 0637 GMT- The FTSE 100 is expected to open little changed, according to IG, as investors digest remarks from Bank of England Governor Andrew Bailey and await a speech from Federal Reserve Chair Jerome Powell later. Bailey said on Monday that interest rates could be lifted before Christmas if needed to stem inflation.
Central bank digital currencies can slash the time needed for cross border payments to seconds from days and cut costs, the Bank of International Settlements said, citing a pilot scheme to test the digital forms of fiat currencies.
Hong Kong's central bank has asked lenders to report their exposure to debt-laden China Evergrande
Group (EGRNF) on concerns over potential systemic risks to the region's financial system, Bloomberg reported on Tuesday, citing people familiar with the matter.
The mood among German consumers brightened unexpectedly heading into October to reach its highest level in a year and a half, a survey showed on Tuesday, in a sign that households continue to support the recovery in Europe's largest economy.
A recent pilot scheme showed that using central bank digital currencies underpinned by blockchain can slash the time needed for cross border transactions from days to seconds and also cut costs, the Bank of International Settlements said. The pilot programme explored using CBDCs to make cross border payments, the BIS said in a report published on Tuesday.
* Holdings in SPDR Gold Trust fell 0.3% on Monday. * U.S. 10-year Treasury hits over three-month peak. * Dollar hits a peak since Aug. 20. By Eileen Soreng. Gold prices fell to a 1-1/2-month low on Tuesday, as firmer dollar and soaring U.S. Treasury yields dented the metal's safe-haven appeal, amid more signals emerging that the U.S. Federal Reserve could be shifting towards tighter policy.
Two-year Treasury yields surged on Tuesday to 18-month highs as investors priced in the prospect of rising cash rates and the risk of persistent inflation, forcing the U.S. government to pay more to sell its debt. The government had to double the coupon on the new note sold on Monday to 0.25% to reflect market pricing of higher overnight rates for the next two years.
Global shares fell for a third successive day on Tuesday, while bond yields and measures of inflation expectations on both sides of the Atlantic soared on anxiety over when central banks might raise interest rates. MSCI's All Country World Index, which tracks shares across 49 countries, was down 0.36% on the day after the start of trading in Europe.
Fed's Powell Says Inflation Is Elevated but Likely to Moderate. The Federal Reserve chairman is set to testify before Congress with Treasury Secretary Janet Yellen on Tuesday. Stocks Finish Mixed as Energy Rallies.
NINGDE, China, Sept. 27, 2021 Contemporary Amperex Technology Co., Limited?announced that its Ningde facility has been recognized by the World Economic Forum as a global Lighthouse factory, the first battery manufacturing base joining WEF's Global Lighthouse Network.
Some Bank of Japan policymakers warned of the risk of a delay in the country's economic recovery as state of emergency curbs to combat the coronavirus pandemic weighed on consumption, minutes of their July meeting showed on Tuesday.
- The Federal Reserve has said it will start to reduce its bond purchases as soon as November if the economy continues on its current track. Some officials will watch the September jobs report, due Oct. 8, for a final bit of evidence that the labor market has achieved "substantial further progress" in its recovery.
- The Federal Reserve has said it will start to reduce its bond purchases as soon as November if the economy continues on its current track. Some officials will watch the September jobs report, due Oct. 8, for a final bit of evidence that the labor market has achieved "substantial further progress" in its recovery.
New York Federal Reserve Bank President John Williams on Monday warned of the potential negative market reaction if the United States failed to solve its debt-ceiling issue, but said market participants right now seemed to think the problem would be resolved. The U.S. Congress faces a pair of approaching deadlines to fund the government and address the nation's $28.4 trillion debt ceiling.
U.S. consumer and public interest groups on Monday kept up the pressure on Federal Reserve Chair Jerome Powell to impose stricter ethics rules on Fed officials, after two Fed bank presidents resigned because of controversial investing activity last year.
U.S. consumer and public interest groups on Monday kept up the pressure on Federal Reserve Chair Jerome Powell to impose stricter ethics rules on Fed officials, after two Fed bank presidents resigned because of controversial investing activity last year.
China's central bank vowed to protect consumers exposed to the housing market on Monday and injected more cash into the banking system as the Shenzhen government began investigating the wealth management unit of ailing developer Evergrande, the clearest sign yet the authorities could move to contain contagion risks.
Goldman Sachs (GS) has cut China's economic growth forecast for 2021 to 7.8%, from 8.2%, as energy shortages and deep industrial output cuts add "significant downside pressures", it said in a note on Tuesday.
New York Federal Reserve Bank President John Williams on Monday warned of the potential negative market reaction if the United States failed to solve its debt-ceiling issue, but said market participants right now seemed to think the problem would be resolved. The U.S. Congress faces a pair of approaching deadlines to fund the government and address the nation's $28.4 trillion debt ceiling.
U.S. consumer and public interest groups on Monday kept up the pressure on Federal Reserve Chair Jerome Powell to impose stricter ethics rules on Fed officials, after two Fed bank presidents resigned because of controversial investing activity last year.
New York Federal Reserve Bank President John Williams on Monday warned of the potential negative market reaction if the United States failed to solve its debt-ceiling issue https://www.reuters.com/world/us/what-are-congress-options-funding-govt-raising-debt-limit-2021-09-26, but said market participants right now seemed to think the problem would be resolved.
- Atlanta Federal Reserve Bank President Raphael Bostic on Monday reiterated the U.S. central bank's commitment to making sure every American who wants a job can have one.
Atlanta Federal Reserve Bank President Raphael Bostic on Monday reiterated the U.S. central bank's commitment to making sure every American who wants a job can have one.
Chile's central bank will decide in early 2022 on a strategy for the potential roll-out of its own digital currency, the bank's president said on Monday, as policymakers worldwide seek to keep pace with fast-spreading cryptocurrencies. Regulators globally are cracking down on digital coins, alarmed at a rapidly expanding market that exceeded a record $2 trillion in April.
Federal Reserve Bank of Dallas President Robert Kaplan cited his desire ?to eliminate any distractions? at the central bank just hours after his Boston Fed counterpart, Eric Rosengren, said he will leave earlier than planned because of a health issue. They had engaged in stock transactions that drew criticism in light of their knowledge about the Fed's pandemic response.
The higher prices and hiring difficulties seen as the U.S. economy reopens from the pandemic could prove "more enduring than anticipated," and the Federal Reserve would move against unchecked inflation if needed, Fed Chair Jerome Powell said in remarks prepared for delivery to the Senate Banking Committee on Tuesday. "The process of reopening the economy is unprecedented, as was the shutdown.
- Dallas Federal Reserve Bank President Robert Kaplan on Monday said he will leave his job on Oct. 8 to eliminate any "distraction" to the central bank related to his personal investment activities.
Dallas Federal Reserve Bank President Robert Kaplan on Monday said he will leave his job on Oct. 8 to eliminate any "distraction" to the central bank related to his personal investment activities.
The U.S. dollar advanced for a second straight session on Monday,
bolstered by the rise in Treasury yields ahead of a slew of Federal Reserve speakers this week who could
affirm expectations of the ...
* Oil climbs on tight supply, strong demand. * European stocks end lower. * U.S. stock indices mixed. * U.S. 10-year Treasury yield hits 1.5% * Bonds pressured by hawkish central banks, inflation. By Matt Scuffham.
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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