Fidelity Top Stories
Citi sees 'no chance' of a US-China trade deal before elections
Analysts at Citi cautioned clients on Friday that the key global risks looming on the economic horizon were still very much present, with "no chance" of a US-China trade deal before the next elections in the States and the Federal Reserve being done with cutting rates.
US pork and soybeans to be exempted from additional China tariffs, says Xinhua
China will exempt some US agricultural imports, such as pork and soybeans, from additional tariffs, according to Chinese state news agency Xinhua.
Chinese buyers purchase US soybeans and pork - Reuters
Private Chinese firms purchased the most soybeans in over a year on Thursday, ahead of mid-level talks between US and Chinese trade officials scheduled for the following week.
London close: UK stocks underperform despite dovish ECB and positive trade news
London stocks underperformed despite another round of monetary stimulus from the European Central Bank - albeit accompanied this time by a very explicit call for fiscal stimulus in the euro area - and apparent signs that trade tensions between the US and China were easing.
Brent futures dip as OPEC+ fails to agree to deeper or more prolonged output curbs
Oil prices were under pressure late on Thursday after the Organisation of Petroleum Exporting Countries and its allies failed to commit to deeper or more prolonged production curbs by its members.
ECB cuts deposit rate further and restarts QE
The European Central Bank unleashed a barrage of new stimulus measures, as had been widely anticipated, and opened the door to further easing if needed in order to bring inflation back to target.
US core CPI rises more quickly than expected in August
The cost of living in the US rose more quickly than expected again last month.
UK 'faces food, fuel, medicine shortages' in no-deal Brexit - govt
Britain could face an increase in food and fuel prices, public disorder and a disrupted medical supplies in a no-deal Brexit, according to documents the government was ordered to publish.
US President chastises 'boneheads' at the Federal Reserve
The US President reiterated its criticism of the country's central bank in the middle of the week, arguing that short-term interest rates should be cut into negative territory.
UK parliament suspension unlawful - Scottish court
The UK parliament was unlawfully suspended by Prime Minister Boris Johnson, Scotland’s highest civil court ruled on Wednesday.
China exempts some US goods from tariffs ahead of new negotiations
China confirmed it would exempt 16 categories of US goods from 25% tariffs that it imposed on roughly $50bn worth of imports last summer.
Trump fires national security adviser John Bolton
The US President fired his national security adviser approximately 90 minutes before he had been scheduled to participate in a press conference next to Secretary of State Mike Pompeo and Treasury Secretary Steve Mnuchin.
Trade deal 'possible' if Washington also makes concessions, SCMP says
One well-placed local observer in Beijing put the odds of the US and China agreeing a trade deal in November at roughly two thirds, but said that Washington needed to lower its demands a bit as some of them were seen as the Communist party would see them as forfeiting sovereignty and humiliating the nation.
UK parliament shuts down as Johnson loses second election bid
The UK parliament was suspended for five weeks early on Tuesday morning as Prime Minister Boris Johnson suffered his sixth defeat in a row when MPs voted against a snap election.
Varadkar warns Johnson no-deal Brexit will still require EU talks later
Irish Taoiseach Leo Varadkar on Monday warned his British counterpart Boris Johnson that a no-deal Brexit would still require him to negotiate an agreement on the future relationship with the EU.
Johnson in Dublin for Brexit talks amid Cabinet crisis
British Prime Minister Boris Johnson was set to meet his Irish counterpart in Dublin on Monday for talks on the Northern Ireland backstop after a weekend that saw Work & Pensions Secretary Amber Rudd resign in protest over his handling of Brexit.
White House's Kudlow sees scope for 'something positive' coming out of US-China talks
National economic council director, Larry Kudlow, confirmed that top US and Chinese trade officials would meet in early October and said he saw the potential for "something positive" to come out of thirteenth round of negotiations.
US non-farm payrolls increase by 130,000 in August
US non-farm payrolls increased by 130,000 in August, pointing to a slowing economy, according to some - but not all - economists.
New York Attorney General heads up Facebook antitrust investigation
New York attorney general Letitia James confirmed on Friday that she was heading up a bipartisan investigation into social media giant Facebook following allegations of antitrust breaches.
BofA-ML tells investors to stay 'bullish'
Strategists at Bank of America-Merrill Lynch told clients to "be bullish" given the still growing signs of pessimism among investors.