Fidelity Top Stories
US Fed hikes rates, balance sheet reduction seen in 2017
The US central bank raised its benchmark policy rate, as had been widely expected, while at the same time announcing that it would likely begin to shrink its balance sheet in 2017.
US May CPI data sows doubts about pace of Fed rate hikes
The cost of living in the States declined markedly last month amid widespread softness in the core components.
Pound stutters amid May's DUP talk delays, support for 'soft' Brexit
While Theresa May battles to agree a pact with her Northern Irish kingmakers in order to form a government, fellow senior Conservatives are confident of securing a new 'softer' Brexit approach in forthcoming divorce talks with the European Union.
IMF revises Chinese 2017 GDP forecasts higher again
The International Monetary Fund marked up its forecasts for Chinese economic growth in 2017 for a second time this year and said the yuan was in-line roughly at the right value.
Minions, Hello Kitty and Barcelona kits under investigation by EU
Barcelona football kits and clothes and accessories branded with Hello Kitty and 'Minions' characters are being investigated by the European Union over possible illegal licensing and distribution practices/.
UK consumer crunch intensifies as earnings growth slows amid inflation spike
The squeeze on UK households is tightening, as wage growth continues to slow amid a spike in inflation, meaning real wages are falling at the fastest pace in three years.
Investment in China slows in May, but industrial production beats forecasts
Fresh readings for key Chinese activity indicators appeared to show the country's economy was relatively steady in May, but some economists sounded a somewhat sceptical note on some of the underlying trends, which they believed hinted at a continuing slowdown.
US attorney general Sessions vehemently denies Russia allegations
Jeff Sessions, the current US attorney general, testified in front of the Senate intelligence committee on Monday denying that he had been involved in any collusion with Russia during the 2016 presidential election campaign.