Fidelity Top Stories
Trump says US, China 'getting very close to a big deal' on trade
US President Donald Trump tweeted on Thursday that the US and China were "getting very close to a big deal" on trade.
ECB chief sees 'some signs' of stabilisation in euro area economy
Policymakers at the European Central Bank sounded a slightly more positive note on the outlook for economic growth and inflation in the single currency bloc, but continued to keep all its options open, while calling on euro area national governments to increase fiscal spending where possible and necessary.
Trump and top advisers to discuss China trade tariffs on Thursday
The US President and his top councillors on economic and trade issues will meet on Thursday to analyse whether or not to proceed with fresh trade tariffs on nearly $160. 0bn-worth of Chinese exports on 15 December.
ECB keeps interest rates and pace of QE unchanged, as expected
The European Central Bank kept all its main policy settings unchanged, issuing a statement identical to that published after the governing council's previous meeting.
US Fed keeps rates unchanged, says inflation below target
Policymakers at the US Federal Reserve voted unanimously on Wednesday to keep policy unchanged, nodding to still "solid" labour market conditions, but pointing out that business fixed investment and exports remained weak and that its prefered measure of inflation continued to run below target.
Saudi Aramco jumps 10%, closes limit-up in stock market debut
Saudi Aramco shares rallied 10% on Wednesday in their debut on Riyadh’s Tadawul stock market giving the group a market value of nearly $1. 9trn.
US November CPI edges past forecasts on energy price gains
Higher energy prices last month saw the cost of living in the US accelerate last month to a one-year high.
Huawei CFO wins Canada legal battle to see more evidence on her arrest
The lawyers of Huawei’s chief financial officer, Meng Wanzhou, won a legal battle in Canada's courts on Tuesday to be given access to more documents regarding the reasons behind her arrest.
US reportedly set to delay new Chinese trade tariffs
Negotiators from the US and China are working to postpone the introduction of new tariffs on Chinese exports in mid-December.
JP Morgan sees trade deal and elections driving S&P 500 to 3,400
JP Morgan strategists set a year-end 2020 'fair value' estimate for the S&P 500 of 3,400 points, telling clients that a partial trade deal and economic policy easing should drive improved business sentiment over the course of the year.
UK trade deficit widens in October as firms stockpile goods
Britain's deficit in trade with the rest of the world widened in October, as UK companies stockpiled goods ahead of the missed Brexit deadline, while overseas firms showed continued wariness towards the country's exports.
Chinese exports slide as trade war weighs heavily
Chinese exports fell in November as country’s bitter trade war with the US continued to weigh on the economy, although import growth did come in ahead of economists' forecasts.
US non-farm payrolls soar by 266,00 in November
US non-farm payrolls jumped by 266,000 in November alongside an unexpected drop in the rate of unemployment back to a 50-year low.
OPEC to keep crude oil output unchanged until March
Several of the world's largest oil producers chose to keep their combined output unchanged and wait instead until spring to see whether any changes needed to be made.
UK house prices see biggest monthly rise since February - Halifax
UK house prices saw their biggest monthly rise in November since February, according to mortgage lender Halifax.
China to waive import tariffs on some US soybean, pork shipments
China said on Friday that it will waive import tariffs for some soybean and pork shipments from the US.
OPEC+ ministers agree to deeper cuts, but only until March
Energy ministers from the Organisation of the Petroleum Exporting Countries and its key allies have agreed on deeper oil output cuts to stem a near-term glut of oil.
US bill against Muslim detainment camps in China sparks anger
Official Chinese media outlets lashed out against the United States and called for harsh reprisals in editorials on Thursday after the US House of Representatives passed legislation calling for a stronger response to Beijing’s mistreatment of its Uighur Muslim minority.
Glencore slumps as SFO launches probe into suspected bribery
Glencore shares slumped on Thursday after the miner said the Serious Fraud Office has launched an investigation into suspected bribery at the company.
Trade talks continue as China reiterates need for tariff cuts
China has reiterated a call for existing tariffs to be lowered as crucial talks between Beijing and Washington look to continue.