Fidelity Top Stories
SMMT says lack of Brexit progress risks 'destroying' motor industry
Motor manufacturers became the latest lobby group to demand the government avoid a no-deal’ Brexit, saying they were “exasperated” with the current lack of political progress.
UK inflation at lowest level since March 2017
Inflation eased to a 20-month low in November, as a planned rise in the cost of tobacco was offset by falling prices at the petrol pump.
Shell explores Endeavor acquisition following price drop - reports
Oil giant Royal Dutch Shell has begun negotiations to acquire North Sea explorer Endeavor Energy for around $8bn, roughly half of what the Texan outfit was expected to go for when it put itself up for sale earlier this year, according to reports.
Emerging Markets gain favour as global outlook darkens, BofA -ML says
The share of fund managers forecasting a global economic recession dipped last month, according to the results of one of the most widely-followed surveys of sentiment for the group.
China and US go head-to-head at WTO meeting
The US and China sparred again over their respective trade policies at a World Trade Organisation meeting in Geneva at the start of the week.
US retail sales volumes 'strong' in November
US retail sales volumes rose as forecast last month, alongside upwards revisions to prior months' data, resulting in a "strong" report overall, according to analysts, despite the drag from lower gasoline prices.
ECB will reinvest proceeds from APP past date of first rate hike
Rate-setters at the European Central Bank stayed put on interest rates but tweaked their so-called 'forward guidance' as regards the reinvestment of the proceeds from its asset purchase programme.
Italy PM Conte seeks budget breakthrough as Salvini repositions on EU
Italian Prime Minister Giuseppe Conte is seeking to present revised budget figures in order to end a deadlock with the European Commission in a meeting on Wednesday, a source told Reuters.
US CPI slows in November as expected
The cost of living in the US declined last month, as expected, as energy price inflation ebbed.
China moving to cut tariffs on US cars
Chinese authorities are moving towards reducing the tariffs on imported cars from the US imposed during the ongoing trade spat with Washington, Bloomberg reported.
Trump concerned about 'real possibility' of being impeached
US President Donald Trump is reportedly concerned there is a “real possibility” he could be impeached once Democrats take the House of Representatives, CNN said on Monday.
Trade talks between China and US ongoing, Beijing says
Trade talks between Washington and Beijing are ongoing at the highest level, despite the recent detention of a top Chinese business executive.
May pulls Commons vote on Brexit deal
Prime Minister Theresa May called off a crunch vote on her Brexit deal in Parliament set for Tuesday after it became obvious that it would result in a massive defeat which some observers said might even destabilise her government.
Chinese court bars Apple from selling multiple iPhone models on mainland
A Chinese court has barred Apple from selling several of its top-selling handsets in the Asian giant.
GDP stays sluggish after manufacturing dive
UK economic growth remains super sluggish, official figures confirmed on Monday, held back by an unexpectedly steep decline in manufacturing activity.
If there is a bubble it is in government bonds, JP Morgan's Dimon says
JP Morgan boss Jamie Dimon cautioned of the risk that the US central bank does "too little too slow".
US consumer confidence steady in December, but expectations dip, University of Michigan says
US consumer confidence was steady at the start of December, but their confidence in the outlook ebbed, according to the results of perhaps the most widely-followed survey of American consumer spirits.
Brent oil futures drop after OPEC summit ends without decision on output cut
In a surprise development, Thursday's meeting of energy ministers from the Organisation of Petroleum Exporting Countries and its allies adjourned without a final decision on by how much to cut the group's combined crude oil output.
Huawei arrests prompts global sell off
The FTSE 100 tumbled to a two-year low on Thursday after the arrest of Huawei’s chief financial officer rattled investors worldwide.
Markets gear up for Opec cut ahead of 'make-or-break' meeting with Russia
Opec is expected to cut production by more than 1m barrels per day when it meets in Vienna on Thursday, providing some respite for under-pressure oil prices.