Fidelity Top Stories
George Osborne regrets mistakes that led to Brexit referendum
George Osborne admitted that he regrets missing the opportunity to inform citizens of the benefits of belonging to the EU and not spotting “the shift in politics” that led to the 2016 Brexit referendum.
US may extend tariffs to cover all Chinese exports by December
The US administration may impose fresh tariffs on the People's Republic of China in little over a month.
EU backs short-term access to UK clearing houses in no-deal Brexit
The European Union has reassured the financial services sector that firms will still be able to access derivatives clearing houses in London in the event of a no-deal Brexit.
Eurozone growth slows dramatically as third-quarter GDP misses forecasts
Growth in the eurozone has slumped to its weakest rate for four years, official data showed on Tuesday, as German car manufacturing stalled and the Italian economy lost momentum.
UK Budget: Hammond delivers tax and spend as Brexit D-day looms
UK Chancellor of the Exchequer Philip Hammond on Monday claimed that the era of austerity was “finally coming to an end” as he unveiled £30bn of extra spending to keep the electorate onside as the gritty end of Brexit talks loomed.
Budget 2018: New 'Google tax' planned for 2020
Giant tech companies will face a new 2% tax on their British revenues, Chancellor Philip Hammond warned in his budget statement on Monday, though not until April 2020.
Budget 2018: UK growth forecasts lifted but slow growth lingers
UK economic growth forecasts have been upgraded for the next two years but remain weak compared to other advanced economies are not expected to exceed 1. 6% for at least half a decade, according to new official forecasts.
SOVA Capital still sees upside potential for Brent in 2019
While crude oil futures may remain under pressure in the near-term, it is possible that they will see new highs next year, Sova Capital's Head of Quantitative Investment Strategies Group, Konstantin Brownstein, told WebFG UK when queried on the outlook for crude oil prices.
S&P reaffirms BBB rating on Italian sovereign debt, but lowers outlook to 'negative'
Italy dodged a downgrade of its sovereign debt for the second time in less than a week on Friday, but got an earful from analysts at Standard&Poor's, who nevertheless did lower their outlook on the country's rating.
Rolls Royce confirms engine delays but backs full-year guidance
Rolls-Royce backed its full-year guidance on Friday as it said it expects to deliver fewer Trent 7000 engines in the fourth quarter than originally planned.
European equities priced for disaster, HSBC sees opportunity for patience
European equities are valued for a sharper slowdown than looks likely, said strategists at HSBC, but investors should keep their powder dry for further falls first.
ECB's Draghi confident inflation headed back to target
Policymakers at the European Central Bank downplayed the recent spate of weaker-than-expected readings on the economic, expressing confidence in the outlook for both activity and prices, as well as on the outcome of the negotiations between Brussels and Italy as well as for the UK's talks on withdrawing from the European Union.
ECB keeps rates on holds, bond buying to stop at year-end
The European Central Bank kept all its main policy rates unchanged on Thursday and continued to signal that its asset purchase programme would come to a halt at the end of the year.
European Commission rejects Italian budget proposals, Salvini defiant
The European Commission rejected Italy's medium-term budget proposals on Tuesday, asking the government in Rome to return to the drawing board and come back within three weeks.
Saudi has no intention of repeating 1973 oil embargo, Al-Falih says
Crude oil futures slipped after Saudi oil minister, Khalid al Falih, said his country had no intention of repeating the 1973 oil embargo.
Italy will adjust policies if targets at risk, Tria says
Italy will adjust its fiscal policies should it risk falling short of its commitments with Brussels for its level of public borrowing and the size of its stock pile as a proportion of the economy, the country's economy minister said.
Moody's cuts Italian sovereign debt to one notch above 'junk', but outlook 'stable'
Moody's downgraded the long-term rating on Italy's sovereign debt on Friday, arguing that the government's revised medium-term budget plans will fail to lift the country's low growth and leave it vulnerable to future fiscal shocks.
Atlanta Fed's Kaplan says 'couple' more hikes left
Two top US central bank officials signalled a need for two or three more interest rate hikes over the current tightening cycle.
Italian bonds rally as EU's Moscovici calls for dialogue
Italian bonds are rallying at the end of the week after the European Union's economy chief, Pierre Moscovici, called for a calm dialogue with Rome.
JP Morgan model puts odds of recession in next 2 years at over 50%
The odds that the US economy will slide into a recession in 2019 are high, standing at about roughly 28%, according to the results of a model used by JP Morgan.