Fidelity Top Stories
UK car sales skid lower though electric cars rebound
UK car sales tanked in May and while the industry expects overall sales to remain strong over 2017 as a whole, some experts disagree.
Qatar equities quake as Arab League states sever diplomatic ties
Qatar's stock market suffered its largest fall in almost a decade after Saudi Arabia led other Gulf states including United Arab Emirates and Egypt in cutting diplomatic ties, purportedly over protecting themselves from "terrorism and extremism".
US ISM service sector gauge slips in May, but hiring rebounds sharply
Services sector activity in the States slowed a bit last month amid large drops in new orders and those for export, the results of a widely-followed survey revealed, but a big jump in a gauge of employment caught the eye of some economists.
HSBC cuts short-term forecasts for Brent, but still sees higher prices ahead
HSBC cut its short-term forecasts for the price of oil even as it cautioned that it still expected to see a "significant" tightening in the market and higher prices over the medium-term.
Poll predicts May's Tories to fall short of majority, markets prefer other poll
Two new opinion polls on Monday showed a continued wide divergence of predictions just three days ahead of the general election.
Stay defensive, strategists at JP Morgan say
Strategists at JP Morgan recommended clients stick to a defensive stance, referencing the risk of a sharp correction in US stocks, a phase of significant de-risking in Chinese assets and the possibility that Italian political risks might come to the fore sooner than expected.
UK service sector activity slows more than expected in May
Activity in the UK services sector slowed more than expected in May, according to the latest survey from IHS Markit and CIPS.