Fidelity Top Stories
Tech stocks fall again on Wall Street after Friday hammering
US tech shares were seen lower again on Monday after having dropped 2. 4% last Friday, wiping $140bn off some of Wall Street's biggest stocks.
Credit Suisse cautious towards some homebuilders, asset managers should Labour win
Strategists at Credit Suisse left their year-end target for the Footsie unchanged, even as they cautioned clients to be mindful of the risks posed by a potential Labour victory in the next elections.
Queen's speech may be delayed, Downing Street unsure
Downing Street was unable to confirm that the Queen will open the new parliament a week on Monday, as Prime Minister Theresa May's Conservative Party remains locked in talks with the Democratic Unionist Party about forming a minority government.
Pound sinks amid political jitters, Moody's election warning
Sterling slipped back below $1. 27 on Monday amid UK political instability as Theresa May met with Conservative party MPs to argue for her future as the Prime Minister, while doubts were cast over the country's credit rating.
Household spending falls for first time in four years, Visa finds
British households have cut back their spending for the first time in almost four years, as consumers come under pressure from rising inflation, stalling wage growth, and political and economic uncertainty.
May to face Tory backbenchers following disastrous election result
UK PM Theresa May faced a group of senior Conservative MPs in a crunch meeting on Monday as she looks try and win backbench support following the unexpected loss of the party's majority last week.