News Results

  1. Brent crude edges up as optimism over economy trumps demand concerns
    Reuters | 01/18/21 09:10 PM EST

    Brent crude futures edged up on Tuesday as optimism that government stimulus will buoy global economic growth and oil demand trumped concerns that renewed COVID-19 pandemic lockdowns globally could cool fuel consumption. Brent crude futures for March rose 17 cents, or 0.3%, to $54.92 a barrel by 0150 GMT after slipping 35 cents in the previous session.

  2. CANADA FX DEBT-C$ weakens ahead of Bank of Canada rate decision this week
    Reuters | 01/18/21 10:37 AM EST

    The Canadian dollar weakened against its U.S. counterpart on Monday, extending a pullback from a near three-year high, as rising coronavirus cases globally weighed on investor sentiment and ahead of ...

  3. IMF chief sees 'high degree of uncertainty' in global outlook
    Reuters | 01/18/21 09:59 AM EST

    The head of the International Monetary Fund said on Monday the global economic outlook remained highly uncertain given the coronavirus pandemic, and a growing divergence between rich and poor countries required the IMF to find more resources.

  4. EU needs "masterplan" to grab euro finance from London
    Reuters | 01/18/21 09:21 AM EST

    The European Union needs a "masterplan" to move euro financial services from London to the bloc if it wants to expand the single currency's role in a global economy dominated by the U.S. dollar, a senior EU lawmaker said on Monday. Markus Ferber, a senior member of the European Parliament, said if the EU wants to compete with the greenback, it needs a financial system to match it.

  5. Foreigners Increased Holdings of Canadian Securities In November
    | 01/18/21 09:13 AM EST

    OTTAWA--Foreigners bought more Canadian securities in November, while Canadians increased their holdings of foreign securities. Nonresidents bought a net 11.78 billion Canadian dollars in Canadian securities in November, Statistics Canada said Monday. In the previous month, nonresidents purchased C $6.93 billion in Canadian securities.

  6. Canada Housing Starts Drop 12.8% in December
    | 01/18/21 09:09 AM EST

    OTTAWA--Canadian housing starts declined in December from the previous month, although in line with market expectations. The previous month's data were revised higher. Housing starts for December came in at a seasonally adjusted annualized rate of 228,279 units, an decrease of 12.8% from a revised 261,152 units in the previous month, Canada Mortgage and Housing Corp. said Monday.

  7. Canada housing starts fall in December on urban multi units - CMHC
    Reuters | 01/18/21 08:35 AM EST

    Canadian housing starts fell 12.2% in December compared with the previous month, with a reduction in urban starts driven by a 15.1% decline in multiple-unit starts, data from the national housing agency showed on Monday. The seasonally adjusted annualized rate of housing starts fell to 228,279 units from a revised 259,949 units in November, the Canadian Mortgage and Housing Corporation said.

  8. Brazil IBC-Br economy activity index +0.59% in November - central bank
    Reuters | 01/18/21 07:09 AM EST

    Economic activity in Brazil rose a seasonally-adjusted 0.59% in November, a central bank indicator showed on Monday, slightly more than the 0.5% forecast in a Reuters poll of economists but the smallest of seven consecutive monthly increases.

  9. Five of six Bank of Israel MPC members voted to keep rate at 0.1%, minutes show
    Reuters | 01/18/21 06:50 AM EST

    Five of six rate setters at the Bank of Israel voted to keep the benchmark interest rate at 0.1% on Jan. 4, minutes of the discussions showed on Monday.

  10. China's 2020 Growth Shows It Gaining Ground on U.S. Economy
    | 01/18/21 06:05 AM EST

    BEIJING--China's geopolitical rise over the past four decades has been fueled by sizzling economic growth that regularly featured years of double-digit percentage-point gains. In 2020, China advanced its aspirations by simply emerging with its growth intact from a brutal year when a pandemic shook the world economy. On Monday, Beijing said its gross domestic product rose 2.3% last year.

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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