Fidelity Top Stories
EU deems Italian budget 'unacceptable', bond yields spring higher
The European Commission sent a letter to Rome on Thursday, querying authorities about the assumptions for economic growth underlying their budget proposals.
Europe close: Stocks drop after Commission queries six states on fiscal plans
Stocks across the Continent retreated on Thursday, with investor sentiment souring following the release of a 'hawkish' set of US central bank meeting minutes the day before.
US to quit Universal Postal Union; treaty gives China unfair advantage, says White House
US President Donald Trump has fired the latest salvo in his increasingly bitter trade war with China by announcing plans to pull out of the United Nation’s Universal Postal Union.
Retail sales ease as summer splurge comes to an end
A bumper summer of consumer spending came to an end with lower retail sales than expected last month, with UK food sales suffering their biggest fall for nearly three years.
US Commerce Secretary says China trade talks are on 'hiatus'
US Secretary of Commerce Wilbur Ross claimed that trade talks with China had been put on pause on Wednesday, but denied that the two parties had reached an impasse.
Bank of England flags concerns over risky leveraged loan market
The Bank of England has expressed concern about the rapid growth of riskier leveraged lending, comparing it to the rise of the US subprime market which ultimately devastated the global economy.
UK inflation unexpectedly falls in September
Inflation unexpectedly eased in September, providing relief for under-pressure consumers and significantly reducing the prospect of an imminent interest rate hike.
Fund managers most bearish on global outlook since 2008 - survey
Fund managers are as pessimistic about the world economy as they were ten years ago, when the financial crisis devastated global markets.
Goldman Sachs soundly beats third quarter forecasts
Wall Street banking giant Goldman Sachs beat analysts' forecasts for its third quarter earnings on the back of a stronger-than-expected performance from its investment banking arm.
Cabinet meets ahead of crucial EU summit
The Prime Minister is attempting to quell government in-fighting and rally her colleagues behind her ahead of a crucial European Union summit on Wednesday.
Theresa May says Brexit deal still 'achievable', despite delays
Theresa May reassured Parliament that a Brexit deal is still “achievable” despite outstanding differences with the European Union and claims a broad agreement on the structure of the final relationship had already been secured.
RBS pays first dividend since 2008 taxpayer bailout
Royal Bank of Scotland on Friday paid its first dividend since it almost went under in the 2008 financial crisis.
Time to raise rates at least to neutral, Fed's Evans says
A top US central bank official said on Friday that monetary policy needed to be raised "at least" to 'neutral'.
More volatility on Wall Street to come, warns Barclays
Barclays expects the volatility dictating trading on Wall Street to continue, and has recommended investors remain wary of buying despite heavy price falls.
US CPI falls back more quickly than expected in September
The cost of living in the States slowed a tad more quickly than expected last month on the back of a large drop in the price of second hand vehicles and energy.
Rising yields and dearer oil should not be feared, Barclays says
Do not despair, equity strategists at Barclays Research told clients.
UK economic growth slows more than expected
UK economic growth was weaker than expected in August, but growth in previous months was revised slightly higher.
EU to offer checks 'away from Irish border' to break deadlock in negotiations
The EU is set to table a proposal that would involve checking goods destined for Ireland close to their source, rather than at ports, in a bid to try and avoid a hard border in Ireland and down the Irish sea.
Mixed response from analysts to Italian budget plans
Analysts' reactions to the outlines of Italy's medium-term budget plans was mixed, although by and large they appeared to be expecting Brussels and Rome to reach some sort of deal.
Brexit rated biggest threat to UK business as confidence falls
Hiring in the UK has hit its lowest level for 25 years as Brexit becomes the biggest threat to UK business “by far”, ahead of trade wars, weak UK demand and geopolitics, two surveys revealed on Monday.