Fidelity Top Stories
J.P. Morgan says recent run in technology shares 'becoming stretched'
Analysts at J. P. Morgan cautioned clients on Tuesday that the recent run in the Technology space was becoming "stretched" in absolute terms.
US non-farm payrolls rise by 236,000 in March
Hiring in the US slowed further during the previous month, rising at its slowest pace since December 2020.
Weekly US jobless claims drop after large upwards revision to prior data
The US jobs market was a tad tighter than previously thought, revised weekly jobless claims figures showed.
US firms announce 15% more job cuts in March, Challenger says
Job cut announcements in the States continued rising last month, one of the country's largest staffing companies said.
EZ construction PMI falls again in March on weak housing market
Eurozone construction activity contracted for the eleventh consecutive month on the back of a weaker housing market, according to a widely read survey published on Thursday.
German industrial production posts better-than-expected jump in Feb
German industrial production reported a sharper than expected rise of 2% in February against the previous month, driven by vehicle manufacture, the federal statistical office said on Thursday.
UK house prices rise 0.8% in March for third consecutive increase - Halifax
UK house prices increased for a third consecutive month in a row in March, according to data released by mortgage lender Halifax on Thursday.
US services sector activity slows sharply in March, ISM says
A closely followed gauge of services sector activity in the States slowed sharply last month.
US services sector PMI picks up in March, S&P Global says
Services sector activity in the States picked up last month as new order growth resumed and output grew at its fastest clip since the previous month of June, the results of a survey revealed.
US private sector hiring slows more than expected in March, ADP says
Private sector hiring in the US slowed last month, the results of a survey revealed.
Ofcom refers cloud market to CMA over concerns about Microsoft, Amazon
UK telecoms regulator Ofcom said it planned to refer the cloud market to the Competition and Markets Authority (CMA) after discovering concerning practices by Amazon and Microsoft.
US job openings fall back in February
The US jobs market eased a bit more in February, the results of a closely followed survey showed.
J.P.Morgan's Dimon says banking crisis nothing like 2008, but sees 'storm clouds' ahead
J. P. Morgan's boss did not believe that the recent banking crisis was anything like what was experienced in 2008.
Investec wealth arm to merge with Rathbones in £839m deal
The UK wealth business of Investec and Rathbones have agreed to merge in an £839m all-share deal, the two companies said on Tuesday.
TikTok fined £12.7m by UK regulator child protection failures
TikTok has been fined £12. 7m by the UK's data watchdog for several breaches of the law designed to protect underage children from using its platform.
Virgin Media suffers major outage across UK as internet crashes
Almost 30,000 Virgin Media customers have reported outages of their service on Tuesday, with their internet down and the company's own fault-reporting website out of action.
German imports, exports edge ahead in Feb; Trade surplus steady
Germany's trade surplus was unchanged in February compared with the previous month, with exports and imports both rising slightly, according to official data released on Tuesday.
US manufacturing slows a bit more quickly than expected in March, ISM says
Factory sector activity in the US softened a bit more quickly than anticipated during the previous month, the results of a closely followed survey revealed.
Capita confirms cyber hack as cause of IT failures
UK government outsourcer Capita confirmed Capita a cyber-attack was the cause of a major outage of technology services for clients on Friday.
Oil prices spike following shock Opec cut
Oil prices surged on Monday after a surprise decision by Opec+ nations to voluntarily cut production.