Fidelity Top Stories
US-China negotiators plan next steps for trade deal
Chinese Vice-Premier Liu He and his US counterparts continued negotiations for a US-China trade agreement by phone on Tuesday morning, according to Chinese state-run news agency Xinhua.
JP Morgan sees further gains for stocks after short-term consolidation
Strategists at JP Morgan recommend clients add to their positions in global equities in anticipation of further upside in the back half of the year.
China and Indonesia ground Boeing 737 Max 8 jets after Ethiopia crash
Boeing shares are plummeting by 12% in pre-market trading after China and Indonesia decided to ground their 737 Max 8 jets made by the American aerospace giant in the wake of a catastrophic Ethiopian Airlines crash at the weekend that killed all 157 people on board.
Trade deal with China not imminent, US ambassador says
Hopes of an imminent US-China trade deal were quashed at the end of the week by America's ambassador to Beijing. In an interview with the Journal, US ambassador Terry Branstad said that no date had yet been set for a summit between the two country's leaders as neither side felt that an agreement was "imminent".
Norway SWF to dispose of stakes in oil E&P companies
The world's biggest sovereign wealth fund will offload its stakes in oil and gas explorers and producers but will continue invest in energy companies with refineries and other downstream activities.
ECB front runs deteriorating macro backdrop, launches TLTRO III
The European Central Bank has unexpectedly gone ahead and unveiled a new round of cheap loans for the bloc's lenders and pushed back its so-called 'forward guidance', taking the possibility of interest rate hikes in 2019 off the table.
Volvo may pull Tesla Model 3 rival off the market due to tariffs
Volvo’s Polestar electric car brand warned on Wednesday that US tariffs on Chinese vehicles could force its rival to Tesla's Model 3 too expensive to sell in the States.
BoE's Cunliffe calls attention to quick growth in leveraged corporate loans
The top Bank of England official charged with avoiding that any future financial crisis will morph into a repeat of the economic rout of 2008 called attention to the recent strong growth in high risk loans to companies.
Tobacco stocks rise after FDA boss Gottlieb quits
Shares in tobacco companies rose on Wednesday after America's chief drug and tobacco regulator unexpectedly resigned overnight.
Italy to sign up to China's 'Belt and Road' initiative
Italy will announce its support for China's 'Belt and Road' initiative in what would be the policy's first endorsement from a G7 nation, according to a report on Wednesday from the Financial Times.
Brexit delay 'inevitable' as Brussels talks meander
Theresa May's government has continued to struggle in talks with the European Union and a senior cabinet minister has said that a Brexit delay is now "inevitable".
Eight lenders sued in US for alleged European government bond price rigging
A group of investors filed a lawsuit in the US against eight lenders, accusing them of conspiring to rig the European government bond market between 2007 and 2012.
Raiffeisen, Dutch lenders caught up in allegations of laundering Russian money
Shares of various European lenders came under selling pressure following allegations that they may have been caught up in or actively participated in helping to launder illicit monies from Russian clients.
Jumps in business and consumer lending 'a blip'
Consumer and business lending jumped in January, Bank of England data showed on Friday.
UK manufacturing orders slide but stockpiling boosts output
UK manufacturers benefitted from further stockpiling last month, as companies looked to prepare for potential Brexit-related disruptions, with new orders almost stagnant.