Fidelity Top Stories
US CPI edges lower in July, but core inflation picks-up further
US consumer price inflation was steady last month at the headline level, despite sharp gains in fuel oil and user car and truck prices, but accelerated slightly at the so-called 'core' level.
UK voters want final say if EU negotiations collapse
UK citizens want a final vote on Brexit if the negotiations with the European Union break-down without securing a deal, YouGov has found in its latest survey published on Friday.
Turkey's Erdogan entrusts country to divine providence amid currency rout
Turkey's President did not deliver any policy-relevant remarks on Friday, instead invoking God, telling an audience at a public rally he wanted to put their well-being in the Creator's hands.
UK GDP perks up in second quarter despite manufacturing recession
UK economic growth picked up as expected in the second quarter of the year in spite of the manufacturing sector technically tipping into a recession and disappointing growth in June.
FX round-up: Turkish lira plummets amid speculation emergency rate hike imminent
The biggest price action in the foreign exchange arena on Thursday was in the Emerging Markets space, amid speculation that Ankara might be forced into an emergency rate hike as soon as Thursday evening, although the standard central bank playbook was for the monetary authority to wait until the weekend, hopefully giving it time to explain its actions to market participants.
Global airline passenger demand rises in June - IATA
The International Air Transport Association (IATA) said that in June global passenger demand growth had accelerated to 7. 8% versus a year ago.
EU nations debating Brexit concessions
Reports suggest that the EU is considering a Brexit deal which will allow Britain to remain in the single market for goods if the UK replicated all environmental, social, and customs rules in return.
Turkish lira withering under pressure from Washington
The souring of Turkish and US relations on Thursday sent the Turkish lira to a record low in London trading, with the currency plunging over 3% to 5. 4385 per US dollar, after an unnamed US official said that a Turkish delegation had on Wednesday refused to commit to the release of American pastor Andrew Brunson, who is being held on charges of espionage.
Beijing bites back at Trump with tariffs on $16bn of goods
China hit back at looming US tariffs on Wednesday, with the country's commerce ministry in Beijing announcing its intention to impose 25% import duties targeting $16bn-worth of US goods.
Grayling under fire over soaring pay at HS2
UK Transport Secretary Chris Grayling found himself under the spotlight on Wednesday when it emerged he ignored warnings about spiralling executive pay at the company responsible for the controversial £55bn High Speed 2 rail project.
UK farmers warn of food shortage in no-deal Brexit scenario
Britain's farmers warned of a food shortage next year if a frictionless trade deal after Brexit was not agreed with the EU.
Trump threatens trade allies over Iran - all in the name of peace
Donald Trump officially reimposed sanctions against Iran on Tuesday and threatened any trading partner of the US with retaliation – all while proclaiming he was acting in the interests of world peace.
Services sector activity slides in July, IHS Markit says
UK services sector activity started the third quarter on a weak note, with Brexit-related uncertainties and also the recent World Cup and drier weather said to have acted as a drag, the results of a widely-followed survey showed.
Bank of England increases interest rates to 0.75%
The Bank of England has increased interest rates for the second time since the financial crisis in a widely expected move.
Fed keeps rates unchanged, doesn't spring any surprises
The US Federal Reserve kept policy unchanged on Wednesday with rate-setters apparently only updating their description of current economic conditions.
White House to make announcement on China tariffs
Roughly nineteen minutes before the release of the US Federal Reserve's policy announcement, White House press secretary, Sarah Sanders, said announcement on China tariffs would be forthcoming on Wednesday.
Trade tariffs take their toll on July ISM manufacturing PMI
The rate of expansion in US factory sector activity slowed a tad more-than-expected in July amid widespread concerns regarding the impact that tariffs will have on international trade.
US private sector payroll growth jumps in July, ADP says
Hiring in the States accelerated moderately last month, according to the results of a widely-followed survey, contrary to economists' forecasts.
Apple rises 4% after beating Q3 forecasts, analysts spy new products
Apple stocks gained in after-hours trading on the back of better-than-expected results for its spring quarter and after guiding higher for the next three months - a possible indication of new product roll-outs ahead.
China manufacturing PMI falls amid steep drop in export orders
Factory sector activity in China was at its slowest in eight months in July, as export orders declined at the quickest pace seen in 25 months.