Fidelity Top Stories
US Treasuries rally hard even as Fed hikes rates
The US central bank tightened policy but left its so-called 'dot-plot' graph largely unchanged, triggering a sharp rally in government bond markets.
UK's Hammond in humiliating U-turn on NIC rise for self employed
UK Chancellor Philip Hammond was forced into a humiliating U-turn on Wednesday when he scrapped the controversial plan to increase national insurance contributions for the self-employed.
Pound could be crunched 'much further', though dollar fall could support cable
Sterling's slump is far from over, currency strategists have warned, though a looming dollar retreat would support cable in the medium term.
Wily punters bet strong odds for a UK general election in 2017
Wily punters are already betting very strong odds that Prime Minister Theresa May will call a general election this year rather than in 2020 as planned, and just as the country faces a potential Brexit-induced fragmentation led by Scotland and Northern Ireland.
UK minister admits no assessment done on Brexit with no trade deal
There had been no assessment so far of the economic impact of Brexit without a trade deal, the minister in charge of the UK's departure from the European Union admitted on Wednesday.
China not interested in trade war with US - Premier Li Keqiang
Chinese Premier Li Keqiang has reaffirmed Beijing’s stance that a global trade war would not be beneficial for anyone, ahead of a widely-anticipated meeting between Donald Trump and Xi Jinping next month.
UK unemployment rate improves but wage growth slows further
Unemployment levels in the UK fell to the lowest rate since the summer of 1975, but wage growth continued to slow and reinforce the sharp squeeze on consumers coming from rising inflation.
Rising US oil stockpiles trigerred drop in Brent futures, IEA says
The recent drop in crude futures is mainly the result of a renewed build-up in US oil stockpiles amid a relentless ramp-up in OPEC's production in the run-up to its November output cut deal which was still feeding through the system, the rich world's energy watchdog said.
Leaked Trump tax returns show millions paid via tax law he wants to abandon
US President Donald Trump was forced to pay over $30m in 2005 in federal taxes based on legislation brought in to ensure the mega-rich paid more to the state, a leaked tax return shows.