Europe's consumers will feel the hit from price rises this year as companies seek to recoup revenues and cover pandemic-related costs. Over the past year, the fallout from COVID-19 has contorted both the demand and supply sides of the global economy, creating bottlenecks in supply chains, havoc in freight markets and a rally in raw materials from corn to copper.
* March output posts surprise rise as car production jumps. * Manufacturers see output up in April, down in May. * March unemployment rate 2.6%, jobs/applicants ratio 1.10. * Tokyo April consumer prices slip on mobile phone fee cuts. By Daniel Leussink and Kaori Kaneko.
A look at the day ahead from Sujata Rao. Some analysts did describe the Fed's language as tiptoeing towards a discussion about weaning the economy off crisis-era stimulus; U.S. 10-year yields are a touch higher but the dollar has dug in near two-month lows.
United Auto Workers President Rory Gamble told Reuters the union is in talks with General Motors (GM) about representing workers at joint venture battery plants, and voiced opposition to proposals for Washington to impose a firm deadline to end use of gasoline- and diesel-powered vehicles.
Mexican conglomerate Alfa is anticipating a minor impact to earnings from a new law that will limit the ability of companies to subcontract workers, the company said on Wednesday. The bill cleared a final hurdle in Mexico's Senate on Tuesday, despite pushback from business groups who have said an overly restrictive policy could hurt economic growth.
JPM
* New Petrobras CEO seeks to maintain previous pricing
policy
* Braskem (BAK) jumps on M&A speculation
* EM assets set for lift after choppy start to 2021 -
Blackrock (BLK)
(Updates ...
PPG Industries Inc (PPG): * PPG ANNOUNCES AGREEMENT WITH VIZIENT FOR PAINT PRODUCTS, EXPANDING MARKET SHARE OPPORTUNITY IN HEALTHCARE SEGMENT. * PPG Industries Inc (PPG) - FINANCIAL DETAILS OF THIS AGREEMENT WERE NOT DISCLOSED.
Brazil's Braskem SA rebounded to a fourth-quarter net profit of 878 million reais boosted by exchange rate moves and domestic sales, the petrochemical producer said in a securities filing on Thursday. It had posted a loss of 2.9 billion reais a year earlier.
* Fund managers see 10-year UST yield at 2% in 2021. * Some cenbanks will welcome end of bond bull run. * But inflation outlook mixed, price rises may be blip. By Dhara Ranasinghe.
* Platinum unlikely to trade at a premium to gold -analyst. * Markets await U.S. Fed FOMC minutes on Wednesday. * Benchmark U.S. yields rose to 11-month high on Friday. * Interactive graphic tracking global spread of coronavirus: https://tmsnrt.rs/3mvcUoa. By Nakul Iyer.
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.
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