Fidelity Top Stories
JP Morgan upgrades Direct Line Group and Admiral
Analysts at JP Morgan upgraded their recommendations for UK auto insurers Admiral and Direct Line in anticipation of continued discipline on the part of both firms on margins.
Ex-BoE's King warns against rate cuts to fend off coronavirus
A former Governor of the Bank of England cautioned economic authorities against simply resorting to blunt tools such as interest rate cuts and more government spending to protect the economy from the hit to activity levels from the coronavirus.
Berenberg cuts European growth forecasts on coronavirus headwinds
Berenberg has cut its economic growth forecasts across Europe, warning that the world faced “serious downside risks” from the coronavirus outbreak.
Bank of England stands ready to act to protect financial stability, No.10 says
Policymakers at the Bank of England in the UK have told the Prime Minister that they stand ready to act.
Oil prices plunge 30% on price war fears, sparking global equities fall
Oil prices crashed more than 30% on Monday as Saudi Arabia sparked a price war after talks between Opec and Russia on production cuts collapsed last Friday.
Italy PM pledges 'massive shock therapy' to protect economy
The Italian prime minister has pledged decisive action to help protect the economy from the country’s devastating coronavirus outbreak.