Fidelity Top Stories
US durable goods orders fall sharply on drop in those for jets
Spending by US companies on goods meant to last more than three years fell by more than anticipated during the previous month, even if chiefly due to the volatility in those for aircraft .
US existing home sales fall by more than anticipated in November
Existing home sales in the US slowed more than expected last month.
US consumer confidence rebounds to April's levels, Conference Board says
American consumers were unexpectedly more upbeat at the end of 2022, the results of a survey revealed.
US current account deficit narrows to 3.4% of GDP in Q3
The shortfall on America's current account narrowed by a bit more than expected over the three months to September.
ECB will continue 50bp hikes for 'a period of time'
The European Central Bank will continue hiking interest rates by 50 basis points per meeting for "a period of time", President Christine Lagarde said.
US Philly Fed index rebounds a bit less than expected in December
Factory activity in the US mid-Atlantic region continued to shrink at the end of 2022, albeit at a slower clip, the results of a closely followed survey revealed.
Federal Reserve hikes rates by 50bp, raises inflation forecasts
Rate-setters in Washington shifted down their pace of interest rate hikes as expected, even as they pushed back on expectations that monetary policy could start to be loosened in the back half of 2023.
US CPI growth slows a bit more than expected in November
The cost of living in the US slowed a bit more quickly than anticipated in November, as energy and used vehicle prices continued to retreat.
Announcement of 'major' breakthrough in nuclear fusion expected on Tuesday
Scientists in the US achieved a net energy gain through a fusion reactor for the first time ever, a potential breakthrough in attempts to harness the limitless source of clean energy.
US non-farm payrolls increase by 263,000 in November
Hiring in the US held up better than expected last month and wage growth accelerated.
US President opens door to talks with Russia if Kremlin is willing
The US President opened the door to talks with Russia to end the war.
New BoJ board member calls for policy review 'at the right time'
One of the Bank of Japan's newest governing board members believed that the central bank should review its policy framework.
EU coalescing around $60 per barrel price cap on Russian crude oil exports
European Union member states were nearing a consensus on the level for the block's price cap on Russian crude oil exports centred on the $60 barrel mark.
US manufacturing PMI declines a bit more than expected in November, ISM says
US manufacturing activity slipped further in November amid weaker domestic and international orders, the results of a closely followed survey revealed.
US factory PMI moves into contractionary territory in November, S&P Global says
Factory sector activity in the US shrank last month with the downturn the sharpest since May 2020, revised survey readings confirmed.
US weekly jobless claims slip during latest week
Unemployment claims in the US slipped over the latest week.
US personal incomes and spending jump in October
Americans wage and salary growth accelerated in October, supporting faster consumption.
China set to ease Covid-19 restrictions
Officials in Beijing were set to ease their quarantine controls for Covid-19 over the next few days.