Fidelity Top Stories
Queen's speech sees embattled May change tack, DUP demands to the fore
In the Queen's speech to formally open parliament, Prime Minister Theresa May's minority government announced an intention to "provide certainty" over Brexit and maintain a "deep and special" alliance with the EU, as well as proposing a review of terror laws, technical education and mental health care.
US crude oil inventories fall for a second week
Crude oil inventories in the States shrank for a second week in a row alongside a drop in gasoline stockpiles, official data showed.
Hike in Bank Rate might be prudent in second half, BoE's Haldane says
The Bank of England's chef economist signaled he too might soon shift his stance in favour of a hike in Bank Rate.
UK house price growth to remain low but protracted falls unlikely, HSBC says
UK home prices will grow very little in the short-term despite the recent sharp slowdown, but they will not fall in a sustained manner, at least outside of London, a top investment bank said.
UK budget deficit falls to decade low but expected to rise this year
UK public borrowing declined more than expected in May, providing encouraging reading for Chancellor Philip Hammond, although the budget deficit is still expected to increase over the rest of the year as the economy weakens.
Macquarie downgrades BP, prefers Total, Galp
The world's oil majors have made substantial progress in boosting their ability to make profits even in a low oil price environment, but low prices were set to strain their finances again over the short-term, according to Macquarie.