Fidelity Top Stories
AstraZeneca asthma drug gets EU marketing approval
AstraZeneca's asthma treatment Tezspire has been recommended for marketing authorisation in the European Union as an add-on therapy in patients 12 years and older, the company said.
Wheat futures drop sharply after Kyiv and Moscow ink deal to restart grain exports
Wheat futures extended their recent declines after Russia and Ukraine penned an agreement to unblock exports of millions of tons of Ukrainian wheat through the latter's ports on the Black Sea.
US business activity shrinks for first time since mid-2020 in July, S&P Global says
Business activity in the US shrank unexpectedly in July for the first time since mid-2020, the results of two closely-followed surveys revealed.
BA staff call off Heathrow strike after agreeing new pay deal
British Airways workers at Heathrow have called off planned strike action after accepting a new pay offer from the airline, unions said on Friday.
If you buy now you'll pay later, BofA says
A "credible bull market" will require equally credible interest rate cuts by the Federal Reserve once inflation has been "conquered", BofA Securities said.
Factory activity in US mid-Atlantic region falls unexpectedly in July, Philly Fed says
Factory activity in the US mid-Atlantic region weakened unexpectedly in July as the decline in new orders accelerated its recent fall, the results of a key survey revealed.
Geographical scope of military operations will change if Kyiv gets long-range weaponry, Lavrov says
The geographical scope of Moscow's 'special military operation' will expand even further beyond the current front line if the West supplies Kyiv with long-range weaponry, Russia's foreign minister said.
US existing home sales fall for fifth straight month in June
Home selling activity in the US fell back for a fifth month in a row in June amid a continued decline in affordability.
Draghi calls on political parties to recommit to unity government, Italian debt advances
Italy's Prime Minister called on all political parties to recommit to the ruling unity coalition, arguing that that was what Italians want.
US single-family housing starts drop sharply in June
Homebuilding activity in the US slowed sharply last month.
ECB policymakers to discuss 50 bps rate hike this week - report
European Central Bank policymakers will reportedly discuss whether to raise interest rates by a bigger-than-expected 50 basis points at their meeting on Thursday to tackle record-high inflation.
Biffa wins 10-year Scotland deposit return scheme contract
Sustainable waste management company Biffa said it had won a 10-year contract to provide logistics, sorting and counting services for the UK's first deposit return scheme (DRS) for drinks containers in Scotland.
Direct Line lowers profit outlook after spike in motor claims inflation
UK insurer Direct Line lowered its full-year profits outlook after a spike in motor claims inflation and market volatility.
Americans' medium-to-long term inflation expectations retreat in July, U.Michigan says
American consumers were a tad more confident at the start of July, thanks to the recent drop in petrol prices, they results of a very closely-followed survey revealed.
UK house prices edge higher in June despite softer demand - RICS
House prices continued to grow in June, a closely-watched survey showed on Thursday, but at a slower pace than previously seen.
US small business confidence near lowest level in almost a decade
A closely-followed gauge of small businesses' optimism in the US plumbed its lowest level since January 2013 in June, dragged lower by a fall in expectations for short-term business conditions and sales.
Yellen says Forex intervention only warranted in 'rare circumstances' - WSJ
The head of the US Treasury Department showed reluctance to intervene in foreign exchange markets in support of the yen.
Prime Minister not planning to extend windfall tax to electricity generators
Electricity generators will be spared from the government's tax net, a spokesman for the Prime Minister said.
ECB's Holzmann argues for 125bp of ECB hikes by September
The head of Austria's central bank argued in favour of a faster pace of monetary policy tightening should the outlook for inflation not improve.
Chinese producer price inflation eases in June, but CPI gains accelerate
Factory gate inflation in the People's Republic of China cooled last month, but continued accelerating at the consumer level.