Fidelity Top Stories
US and China speaking 'at all levels' ahead of G20 meet, says Kudlow
President Trump has initiated direct contact with Chinese President Xi Jinping ahead of the leaders’ meeting at the G20 in Argentina at the end of the month, White House economic adviser Larry Kudlow told CNBC on Tuesday.
Morgan Stanley downgrades European O&G, stays 'overweight' BP
Analysts at Morgan Stanley on Tuesday downgraded their recommendation on the European Oil & Gas sector, arguing that the favourable tailwinds which had helped compress its relative dividend yield back to its historical norms had now largely passed.
Brent crude oil futures walloped as speculators pile-in
Oil prices are getting walloped as speculative accounts continue to pile-up in the complex, according to analysts.
Beijing pursues South China Sea agreement to improve trade relations
Chinese Premier Li Keqiang made a commitment on Tuesday to pursue a code of conduct in the territorially disputed South China Sea with its neighbours, after recent tensions with US Navy vessels in the region.
UK wages grow at fastest rate for nearly a decade
UK wages grew at their fastest rate since 2008, according to official data published on Tuesday, although the unemployment rate also showed a surprise increase.
US Treasury's Mnuchin and China's Liu He talk by phone
Top US and China officials discussed trade issues last Friday, marking just the second public sign of dialogue on the subject in six months.
San Francisco Fed chief Daly not set on December rate hike
A top US central bank official said on Monday that the Federal Reserve would likely need to raise interest rates again at the end of the year, followed by at least two more hikes in 2019.
Barnier says main Brexit framework 'largely defined' - FT
The EU’s chief Brexit negotiator on Monday told ministers from the EU’s remaining member states that the main points of a Brexit deal were ready to present to the UK cabinet on Tuesday, according to The Financial Times.
Takeda to seek investor approval for Shire take-over next month; shares spike
Japan’s Takeda Pharmaceutical has announced it expects to complete its $62bn takeover of Shire Pharmaceuticals in early January, sending shares in the FTSE 100 drugs group higher.
Wilbur Ross next in Trump's firing line, reports say
US commerce secretary Wilbur Ross could be the next member of the Trump administration on the chopping block, according to reports on Friday.
China factory gate prices slip in October despite weak yuan
Consumer and factory gate prices in the People's Republic of China remained elevated last month, despite the recent weakening in the yuan and import tariffs, a trend that economists expected would continue.
Fed stays put, keeps target range for Fed funds at 2.0%-2.25%
The US central bank decided to stay put on interest rates, reiterating that it expected a "gradual" pace of interest rate hikes to be needed in order to sustain the ecomomic expansion and the "strong" labour market, while keeping inflation near its "symmetric" 2. 0% target.
MoD to widen supplier base and work with smaller companies
The Ministry of Defence has outlined plans to work to diversify its supplier base and work with smaller companies as it seeks to build "resilience" into projects.
EU officials hint final stage of Brexit negotiations is close
European Union officials hinted on Wednesday that the UK Prime Minister Theresa May could visit Brussels within days for the final stage of Brexit negotiations and to secure a divorce deal.
Russia and Saudi discuss cutting oil output in 2019
Russia and Saudi Arabia are discussing reducing their levels of oil output.
BoE keeps rates unchanged, no surprises
No surprises. Rate-setters at the Bank of England opted to keep a steady hand on the tiller at Wednesday's Monetary Policy Committee meeting, keeping their policy settings and guidance roughly unchanged until the Brexit-related fog of uncertainty had lifted, instead of perhaps adding to it.
US non-farm payroll gains accelerate in October, earnings at nine-year high
October may have been a dire month for the US jobs markets, but one would not have guessed it from looking at the latest monthly non-farm payrolls report.
JP Morgan remains overweight US stocks, says miners "very attractive"
Strategists at JP Morgan sounded a 'bullish' note on the outlook for equities in the US, as well as for Emerging Markets, while highlighting miners as "very attractive".
Global investor confidence continues to cool in November, Sentix says
A gauge of global investor sentiment fell further in November, with confidence weakening in both the Eurozone and the US.
Downing Street says report of back-stop deal breakthrough is just speculation
A spokesman for Number 10 has poured cold water on speculation that the Prime Minister had clinched a commitment from Brussels on a back-stop deal for Northern Ireland that would allow all of Britain to remain in a customs union post-Brexit.