Fidelity Top Stories
Official UK house prices figures fall, seen rising 2-3% in 2018
Official UK figures showed house prices are falling more than expected and are predicted to worsen in coming months.
Supermarkets sales surge as food inflation hits three-year high
As food inflation hit its highest level in four years, Tesco and Sainsbury's enjoyed the strongest sales growth of the big four supermarkets in recent weeks, though the quartet continued to lose market share to discounters.
JP Morgan stays overweight on global equities
Strategists at JP Morgan reiterated their 'overweight' stance on global stocks going into 2018, pointing out that economic growth would continue to be above-trend and that analysts' forecasts for corporate profits had room to increase.
New York police investigating explosion at Port Authority station
Injuries have been reported near a major bus terminal in downtown Manhattan, New York after a suspected explosion which has prompted the arrival of emergency services.
China November credit growth belies slowdown, economists say
Credit conditions in China continued to tighten last month, leading economists to anticipate cuts to the central bank's reserve requirement ratio for lenders in the short-run in order to provide liquidity and - eventually - allow a weaker currency as well.
Brexit: Ireland will hold the UK to border agreement
Ireland has lashed out at the British government after Brexit secretary David Davis said the divorce agreement was a "statement of intent".
US jobs growth beats forecasts in November, but wages fall short
The US jobs market continued generating jobs at a solid pace last month as accelerated hiring in mining and manufacturing offset a slowdown on the services side of the economy.
Flat industrial production expected to only be temporary
UK industrial production growth has slowed to a temporary halt after a six-month growth spurt, official figures confirmed on Friday, with unseasonably warm weather depressing energy output.
Brexit: EU can move talks onto second phase as Ireland border deal agreed
Britain has made "sufficient progress" in Brexit talks in order to move on to the second phase of negotiations, the European Commission said on Friday morning as Theresa May arrived in Brussels after thrashing a border agreement with the Irish government and Northern Ireland’s Democratic Unionist Party.
IMF says China's banks need more capital after credit boom
The International Monetary Fund has urged China’s banks to raise more capital to protect against risks caused by a credit boom.
GVC closes in on Ladbrokes Coral takeover at third attempt
GVC Holdings is in advanced talks with Ladbrokes Coral about a possible takeover of the bookmaker worth up to £3. 9bn depending on the outcome of the government's gaming machines review.
Wall Street warming to stocks but sentiment not yet euphoric, BofA says
Analysts continued to warm towards stocks last month but based on past experience their overall level of optimism was still consistent with further gains in shares, strategists at Bank of America-Merrill Lynch said.
Hammerson swoops for Intu to create shopping centre giant
Shopping centre owner Hammerson has agreed to buy FTSE 350 rival Intu Properties in a £3. 4bn all-share deal that will create a £21bn portfolio across Europe.
Spanish supreme court lifts arrest warrant for Carles Puigdemont
Former leader of the Catalan government Carles Puigdemont has had the European arrest warrant that was placed on him lifted by the Spanish supreme court.
UK services activity weaker than expected, though prices soar
Services sector activity last month was even weaker than expected, according to a survey of Britain's dominant sector published on Tuesday, giving further indications that the economy will continue to grow slowly in the final quarter of the year.
UK car sales fall for eight month in a row - SMMT
UK new car sales have skidded lower for an eighth consecutive month, entirely from falling demand for diesel vehicles.
Sadiq Khan requests special Brexit deal for London
Mayor of London, Sadiq Khan is requesting a special Brexit deal to allow London to stay within the European Union’s single market and customs union.
Some analysts sceptical of long-term impact of US tax cuts on economy
The upper chamber of the US Congress approved a tax cut package at the weekend, possibly paving the way for final approval for as soon as the end of this week, but market commentary is quite divided on just how powerful a boost it will deliver to the economy and the price the country will have to pay in terms of an increased debt burden.
Brexit: Theresa May ready to make agreement on Irish border
UK Prime Minister Theresa May has to European Union negotiating teams that no part of Ireland will be taken out of the single market and customs union after Brexit, Irish media reported on Monday.
UK housebuilding activity remains robust to lift construction PMI
UK construction activity rallied more than expected in November, according to a survey from IHS Markit released on Monday, with residential building leading the way.