Fidelity Top Stories
Americans' inflation expectations jump on trade war worries, University of Michigan says
Americans' optimism slipped "significantly" over the second half of May as a result of the ongoing trade war with Beijing, alongside a jump in inflation expectations.
Uber reports $1bn quarterly loss in first results since IPO
Uber reported a $1bn loss on Thursday in its first quarterly results since a disappointing initial public offering earlier in the month.
Trump announces 5% tariffs on all Mexican imports
In a move that compromises yet another major trade deal, Donald Trump revealed on Thursday that he would be applying a 5% tariff on all imports from Mexico in order to pressure America's southern neighbours into cracking down on Central American migrants trying to cross the border.
Trade war 'snuffs out nascent recovery' in Chinese manufacturing, official PMI shows
A closely-followed survey of manufacturing sector conditions in China fell much more sharply than anticipated, as respondents reacted to the escalation in the US-China trade war earlier in the month.
'National interest trumps the party interest,' Chancellor says
The Chancellor warned the candidates to replace Prime Minister Theresa May as leader of the Conservative party against a no-deal Brexit and irresponsible spending.
Trump wants deal with UK post-Brexit
US President Donald Trump wants to strike a trade deal with the UK post-Brexit his ambassador to London, Woody Johnson said on Wednesday.
ECB's Rehn sounds unusually 'dovish' note
A top European Central Bank official, whose views typically lean towards the more 'hawkish' side of the policy spectrum, sounded an unusually 'dovish' note.
US refrains from labeling China a currency manipulator
The US Treasury Department passed on the chance of labeling China a currency manipulator on Tuesday.
CMA launches investigation into NSF-Provident Financial deal
The Competition and Markets Authority has launched an investigation into whether Non-Standard Finance’s proposed £1. 3bn takeover of larger doorstep lender Provident Financial would lessen competition for consumers.
Aldi and Lidl continue to eat away at 'big four's' market share, Kantar says
Consumer spend on groceries held up well over the last few months, as shoppers continued to file their way towards discounters Aldi and Lidl even though temperatures failed to match 2018's record highs, the results of a closely-followed survey revealed.
Labour's Corbyn backs second vote on Brexit deal
UK opposition Labour leader Jeremy Corbyn said he would support a second Brexit referendum on any deal after the party's poor showing at last week's European elections.
UBS's Andrea Orcel: How much is a good banker worth?
Did Santander make a big mistake when it backtracked on its decision to name the then head of UBS's investment bank, Andrea Orcel, as its new chief executive officer?.
BoE watches UK mortgage war 'like a hawk'
The Bank of England is watching the battle between UK mortgage lenders like a hawk, its chief supervisor said as he also warned about the growth of leveraged loans.
BofA-ML sees further upside for risk assets, no escalation in trade war
Strategists see further upside for risk assets over the summer, but in their opinion the dominant underlying cross currents are deflation and "maximum liquidity".
US durable goods orders fall short of forecasts in April
Durable goods orders in the US dropped sharply last month, weighed down by falls in those for automobiles and parts, civilian aircraft and for telecommunications equipment, with some economists concluding that the data reinforced the argument for the Federal Reserve to cut rates.
Trump willing to include Huawei in trade deal with China
Donald Trump said on Thursday that he would be willing to include “dangerous” telecommunications company Huawei in the trade deal that he is hoping to negotiate with China.
Tearful May says she will quit on June 7
A tearful Theresa May finally fell on her sword on Friday as she said she would quit office on June 7, having failed to secure agreement on her Brexit withdrawal deal.
China asks US to correct 'wrong actions' or trade talks won't continue
The Chinese Commerce Ministry said on Thursday that the US needs to correct its "wrong actions" if it wants trade talks to continue and put an end to the tensions.
British Steel failure threatens thousands of jobs
British Steel will be placed into administration on Wednesday, putting 5,000 jobs directly at risk and threatening another 20,000 in the company's supply chain.
May to allow MPs vote on second Brexit referendum, pound rallies
The Prime Minister said in a speech on Tuesday that she will offer MPs a vote on putting her deal to a second referendum if it passes the first stage of voting in Parliament.