Fidelity Top Stories
Caixin China factory sector PMI drop sharply in September
Manufacturing sector activity in the People's Republic of China slowed to its weakest in a year last month according to the results of a key survey, amid a sharp decline in overseas demand and concerns over global trade spats.
UK voters would narrowly back remain in new Brexit referendum
Britons would vote 52% to 48% remain in the European Union if a new Brexit referendum were to take place, according to a poll of polls.
Federal Reserve hikes rates, policy no longer described as 'accommodative'
The US central bank tightened policy further on Wednesday with policymakers describing economic growth and job increases since they last met in August as "strong".
Italian 2019 budget will reassure investors, Tria says
Italy's economy minister said on Tuesday Rome's 2019 budget law would reassure investors worried about the sustainability of the government's debt pile.
EU, Russia and China join forces to dodge US sanctions on Iran
The EU, China, Russia and Iran have set out a plan to dodge US sanctions against the Middle Eastern country and save the nuclear deal signed in 2015.
Russia hikes rates unexpectedly due to currency weakness, risk of further sanctions
Central Bank of Russia surprised financial markets on Friday, hiking its main interest rate in response to the recent overshoot of its inflation target on the back of weakness in the rouble and food price inflation, although Governor Elvira Nabiullina had reportedly flagged that possibility a week beforehand.
Turkish lira boosted as Pompeo lets slip Brunson could be released soon
The Turkish lira was boosted on Monday (USD/TRY -3. 2% on the day at 6. 09) as the US Secretary of State, Michael Pompeo, let slip that the administration would be holding talks with Turkey regarding the release of Pastor Brunson.
Labour pledges to set up publicly-owned water services run by workers
The Labour party has pledged to "turn off the tap" that sells-off utilities for private profit and to set up publicly-owned transparent water companies run by local councils, workers and customers.
ECB expects 'relatively vigorous pick-up' in core CPI, Draghi says
Europe's single currency bounded higher in mid-afternoon trading on Monday, after European Central Bank chief, Mario Draghi, said that the stable outlook for headline consumer prices masked stronger underlying price pressures.
OECD warns against further protectionism, trims world GDP forecasts
The Organisation for Co-operation and Development has trimmed its forecasts for world growth for this year and next, cautioning that trade tensions, tighter financial conditions in emerging markets and political risks might further undermine "strong and sustainable" medium-term growth around the world.
BoE's Haldane calls for second revolution in central bank's communications
Bank chief economist Andrew Haldane laid out the case on Wednesday for a second revolution in how the Bank of England interacts and communicates with the British public.
China fights back against US with $60bn of new tariffs
Beijing struck back at Donald Trump’s latest round of trade tariffs on Tuesday, imposing their own sanctions on $60bn worth of US goods.
Fund managers up cash, start to price in more hawkish Fed, BofA-ML says
Global fund managers topped up their holdings of cash and lowered their allocation to global equities, according to the results of Bank of America-Merrill Lynch's fund manager survey for the month of September, especially towards Emerging Markets and Europe.
Italian finance minister argues for short-term boost in public investment
Italy's finance minister said his country's budget plans would put the emphasis on higher levels of public investment, lowering the tax burden on middle-income earners and increasing social protection for the poor.
China will not 'play defence' in US trade war, says Global Times
China will respond to "unilateral" US tariffs with firm countermeasures in the escalating trade war between the two countries, according to a report from widely read Chinese newspaper Global Times.
IMF and BCC warn of economic consequences of Brexit uncertainty
There were two chilling warnings for the government on Monday as the International Monetary Fund warned that a 'no-deal' Brexit would be likely to lead to a recession for the UK economy, while the British Chambers of Commerce warned of further slower growth for this year and next.
US set to impose 10% tariff on $200bn of Chinese goods
The White House is set to announce new tariffs on as many as $200. 0bn-worth of Chinese-made goods, probably towards the start of the coming week.
US retail sales slow unexpectedly in July
US retail sales slowed last month as US consumers pulled back on purchases of fashion and motor vehicles and parts.
UK to give EU information on Irish Border issue
The UK have pledged to provide data that could help reach a solution to prevent a hard border in Ireland post-Brexit, according to Bloomberg.
US August CPI undershoots forecasts
The rate of gains in US consumer prices slowed last month, as medical commodities and services prices dipped.