* CANADA'S PUBLIC SAFETY MINISTER SAYS GOVERNMENT WILL INTRODUCE NEW FRAMEWORK TO PROTECT CRITICAL INFRASTRUCTURE FROM CYBER THREATS. * CANADA'S INDUSTRY MINISTER SAYS PLANS TO BAN DOMESTIC TELECOMS COMPANIES FROM USING HUAWEI/ZTE (Shenzhen:000063) 5G GEAR. * CANADA'S INDUSTRY MINISTER SAYS PROVIDERS WHO HAVE HUAWEI/ZTE EQUIPMENT IN USE WILL HAVE TO REMOVE IT.
* Dollar index down 1% * Swiss Franc rallies after SNB hawkish comments. By Saqib Iqbal Ahmed. The dollar slipped across the board on Thursday, falling to a 2-week low, extending its pullback from a two-decade high, as most major currencies battered by the greenback's advance this year drew buyers.
Brazil's Economy Ministry maintained on Thursday its forecast of a 1.5% increase in gross domestic product this year and 2.5% next year, as previously reported by Reuters on Wednesday. The ministry raised the IPCA consumer price index projection to 7.9% in 2022 from 6.55% seen in its previous outlook, from March.
* Weekly jobless claims increase 21,000 to 218,000. * Continuing claims drop 25,000 to 1.317 million. * Mid-Atlantic factory activity slows in May. * Existing home sales fall 2.4% in April. By Lucia Mutikani.
U.S. House of Representatives Speaker Nancy Pelosi said on Thursday she hoped the Congress can pass the legislation authorizing hundreds of billions of dollars to boost the country's ability to compete with Chinese technology, by July 4. Congress has been working on China competition legislation for more than a year.
* Dollar gives up recent gains. * Swiss Franc rallies after SNB hawkish comments. By Saqib Iqbal Ahmed. The dollar fell across the board on Thursday, dipping to a 2-week low, extending its pullback from a two-decade high, as most major currencies battered by the greenback's advance this year drew some buyers.
U.S. existing home sales dropped to the lowest level in nearly two years in April as house prices jumped to a record high amid a persistent lack of inventory. Existing home sales fell 2.4% to a seasonally adjusted annual rate of 5.61 million units last month, the lowest level since June 2020 when sales were rebounding from the COVID-19 lockdown slump.
The European Commission is likely to propose on Monday keeping EU curbs on government borrowing suspended in 2023 amid great economic uncertainty and a sharp slowdown in growth caused by Russia's invasion of Ukraine, officials said. The European Union's budget rules, the Stability and Growth Pact, were set up to protect the value of the euro.
U.S. existing home sales dropped to the lowest level in nearly two years in April as house prices jumped to a record high amid a persistent lack of inventory. Existing home sales fell 2.4% to a seasonally adjusted annual rate of 5.61 million units last month, the lowest level since June 2020 when sales were rebounding from the COVID-19 lockdown slump.
The Baltic Exchange's main sea freight index rose on Thursday, due to higher rates for all vessels. * The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 100 points, or 3.1%, at 3,289 points, the highest since Dec. 9. * The capesize index gained 221 points, or 5.31%, to 4,385 points.
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.
Log In Required
Line of Credit Log In Required