The Swiss National Bank on Friday said it does not engage in any form of currency manipulation, after the U.S. Treasury Department's latest report on foreign exchange policies that concluded it met the criteria under a 2015 U.S. currency manipulation law.
Construction of new homes in the U.S. increased sharply in March following a weather-related decline the previous month, data from the Commerce Department showed Friday. Here are the main takeaways from the report:. --Housing starts, a measure of U.S. homebuilding, rose by 19.4% in March compared with February, to a seasonally adjusted annual rate of 1.739 million.
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, was up on Friday, advancing for a second week in a row, on higher rates across vessel segments. * The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, climbed 62 points, or 2.7%, to a more than one-year high of 2,385.
1/ ECB DAY. The European Central Bank meets on Thursday and will likely be pressed on signs of divisions over the future pace of bond purchases, which have been stepped up recently to prevent a rise in borrowing costs from derailing the recovery.
Economic growth in Democratic Republic of Congo will rise to 6% in 2021, up from 0.8% in 2020, a central bank advisor said on Friday, citing International Monetary Fund data. The central bank had previously forecast growth of 3.2% in 2021.
High Tide Inc (HITIF): * HIGH TIDE EXPANDS INTO OTTAWA WITH LAUNCH OF BYWARD MARKET RETAIL CANNABIS STORE Source text for Eikon: Further company coverage:
The European Union's imports from Britain almost halved in the first two months of the year following the UK exit from the EU single market, data showed on Friday, and the 27-nation bloc's trade surplus with Britain rose as exports fell by less.
Euro zone inflation accelerated as initially estimated in March, driven mainly by more expensive services and energy, data from the European Union's statistics office Eurostat showed on Friday.
* Rand up nearly 3% this week. * Turkish lira falls as dovish c.bank weighs. * MSCI EM FX index set for best week in 4 months. By Ambar Warrick. Russia's rouble rebounded on Friday after steep losses on fresh sanctions from the United States, while Turkey's lira fell sharply after investors saw the new central bank governor as striking a dovish tone.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
