Fidelity Top Stories
US Treasury's Mnuchin, China's Liu talking to each other on trade
The US and China are attempting to restart talks in a bid to avoid a full-blown trade war between the two economic blocks.
BoJ raises ceiling for JBG yields but cuts medium-term inflation forecasts
Rate-setters in Japan did indicate they would tolerate slightly higher levels of long-term interest rates, as expected, even as they lowered their medium-term forecasts for inflation in Asia's second-largest economy.
Official China factory PMI misses forecasts in July
A key survey of manufacturing sector conditions in China weakened unexpectedly in July, reaching its lowest level in over a year, but mainly reflecting domestic headwinds, economists said.
Results round-up
Convenience retailer McColl's was under the cosh on Monday as it posted a drop in first-half like-for-like sales following the demise of cigarette wholesaler Palmer & Harvey, said full-year adjusted earnings would be in line with the previous year and announced the resignation of chief financial officer Simon Fuller.
China 'won't devalue currency' despite trade war fears
China has insisted it will not devalue the yuan, as the country’s escalating trade war with the US continued to take its toll on currencies.
UK won't blink on Brexit, Jeremy Hunt warns EU
Newly-appointed Foreign Secretary Jeremy Hunt has said the European Union risks forcing the UK out without a deal – and warned that the country will not "blink" in negotiations.
Impact of US tariffs to stay Fed's hand in Q4, UBS predicts
Economists at UBS no longer see the US central bank hiking interest rates in the fourth quarter 2018, anticipating instead that the drag on growth from tariffs will stay the Federal Reserves hand.
Yen jumps, JGBs slump on reports BoJ mulling policy changes at 31 July meeting
Japanese capital markets are in focus at the start of the week, following reports that rate-setters in Tokyo were mulling ways to reduce the potential side-effects from its so-called policy of 'yield curve control' and of making it more sustainable.
Pound tumbles as UK inflation misses analyst targets
Expectations for an interest rate rise in August have faltered after June's UK inflation rate fell short of analyst expectations.
OBR sees no Brexit dividend as Carney warns on no deal
The government’s fiscal watchdog has rejected the prime minister’s claim there will be a “Brexit dividend” for the public finances as the governor of the Bank of England warned of serious economic consequences if the UK leaves the EU with no deal.
Slowing pay growth and record employment set puzzle for BoE
Pay growth has slowed to its weakest in six months despite record employment, posing a puzzle for the Bank of England as it decides whether to increase interest rates next month.
Trump's 2nd day starts with furore over attack on May's Brexit plan
US President Donald Trump started the second day of his tour to the UK amid the usual controversy after he attacked Prime Minister Theresa May's Brexit plans, suggesting they would sink any future free trade deal with the US.
US CPI rise in-line with expectations, economists see June as peak
Consumer price inflation in the US edged higher last month on the back of dearer cars and trucks and medical care services, although economists believed that for the moment price pressures might have peaked.
Trump claims he has forced $33bn increase in NATO spending
US President Donald Trump claimed on Thursday he had forced other countries in the NATO alliance to increase their spending by $33bn, according to media reports.
China vows revenge as Trump launches 'unacceptable' new tariffs
Global stock markets have been sent crashing as Washington prepares to launch a new $200bn worth of tariffs on Chinese goods, including fruit and vegetables, handbags, refrigerators and clothing.
Next global financial crisis will throw-up opportunities, Mark Mobius says
Emerging market investing legend Mark Mobius is raising new funds in anticipation of buying opportunities on the horizon.
UK GDP growth picks-up to 0.3% in May, backing case for August rate hike
Britain's economy accelerated in May, driven by a surge in construction output, after flat-lining in April, leaving the MPC on track to hike Bank Rate come August, according to some economists.
UK Foreign Secretary Boris Johnson quits over May Brexit plan
UK Foreign Secretary Boris Johnson resigned on Monday following the departure of Brexit Secretary David Davis in protest at Prime Minister Theresa May's plans for a final deal with Brussels.
Chinese banks told to lower lending costs for smaller firms
Chinese lenders have been instructed to cut their rates on loans to small firms this quarter.
Iran seeks more from world leaders to save nuclear deal
Iran warned European foreign ministers gathering in Vienna that it would not be enough to counteract US sanctions to save the 2015 nuclear deal.