Fidelity Top Stories
Saudi and Russian Federation agree on oil output cuts, Journal says
Moscow and Riyadh have reached an agreement in principle to cut their crude oil output.
Federal Reserve to purchase higher-rated junk bonds through new facility
America's central bank stepped up to the plate yet again with plans to provide as much as $2. 3trn in financing for the private sector, especially for small and medium-sized companies, alongside local and state governments.
US consumer confidence sees largest one-month drop ever in April
US consumer confidence registered its largest monthly drop ever in April, although a key gauge of Americans' expectations for the future help up relatively well all things considered.
SocGen's Albert Edwards says real 'bear market' has yet to start
Economic authorities are likely very right in their move towards massive relief measures to limit the hit to economic activity from the Covid-19 pandemic, one of the market's best known bears predicted.
Italy's Conte warns Covid-19 debt row could split EU
Italian Prime Minister Guiseppe Conte warned the European Union could fracture over tensions on how to deal with the coronavirus crisis as he said the current lockdown could be eased by the end of the month.
Mondi pulls dividend, cuts capex spend
Paper and packaging maker Mondi pulled its dividend and cut capital expenditure by up to €200m as plant closures forced by the coronavirus crisis hit production.