Fidelity Top Stories
May suffers 3 defeats as MPs move to take more control of Brexit
UK Prime Minister Theresa May suffered three parliamentary defeats on Tuesday night as MPs started a marathon session of debates on her wobbling Brexit deal.
Mervyn King blasts May's Brexit plan and BoE successor Carney
Former governor of the Bank of England Mervyn King on Tuesday launched an attack on the government, likening Theresa May’s Brexit deal to appeasement tactics used with Nazi Germany in the 1930s.
Fed's Williams continues to see gradual rate hikes ahead
The head of the Federal Reserve bank of New York argued in favour of continued gradual interest rate hikes in the US in order to sustain the economic expansion.
Start date for talks with China was 1 December, Trump says
The US President weighed in on Tuesday indicating that the roughly three-month long window for trade negotiations with Beijing had begun on 1 December while reiterating the broad outlines of the agreement struck with his opposite number in China, Xi Jinping.
Fed's Quarles stresses that policy is data-dependent
A top US central bank official towed on Monday Federal Reserve chief, Jerome Powell's, line from the week before that official interest rates were near the lower bound of what was deemed to be a 'neutral' level, but clarified that it remained to be seen where exactly they would settle.
Chinese exports fall as Sino-US trade war bites
Manufacturing remained stable in China in November, although the simmering trade war between Washington and Beijing continued to dent exports.
US and China ink temporary trade truce, analysts give mixed reaction
The US and China agreed to renegotiate their trading relationship at the weekend, with both sides offering concessions, although at least initially analysts appeared divided in their reactions.