Fidelity Top Stories
US consumer sentiment little changed in August, University of Michigan says
Consumer confidence in the States was virtually unchanged in August, as Americans continued to try and anticipate the winner of the next presidential elections.
Eurozone inflation plunges to three-year low of 2.2% in August
Inflation in the eurozone inflation fell sharply to a three-year low in August, boosting hopes that the European Central Bank will cut interest rates at its next monthly meeting.
Citi says risk/reward in US dollar longs 'attractive'
Analysts sounded a positive note on the outlook for the US dollar, pointing out a mix of potential catalysts that might provide support.
Admiral shares surge on special dividend, profit jump
Shares in Admiral surged on Thursday as the UK insurance group posted a better-than-expected 32% rise in half-year pre-tax profits to £310m, driven by an improved current year underwriting performance and claims releases.
US CPI gains slow to 2.9% in July, core prices at 3.2%
The cost of living in the US rose in July at its slowest pace in over three years.
OPEC trims oil demand growth forecasts for 2024 and 2025
The Organisation for Petroleum Exporting Countries trimmed its forecast for oil demand growth in 2024.
BT Group welcomes Bharti Global's purchase of Altice's stake in carrier
BT Group welcomed news that Bharti Global had acquired Altice UK's 24. 5% stake in the telecoms carrier.
Bellway sees return to growth in 2025 as mortgage rates fall
UK house builder Bellway on Friday said it expected to return to growth in fiscal 2025 if market conditions remain stable, as the recent cut in interest rates and higher wages helped to fuel demand.
UK's CMA finds local concern in Barratt/Redrow deal
Britain's competition regulator said its phase 1 review into Barratt's £2. 5bn deal to buy smaller house builder Redrow had raised concerns around one Barratt development.
BoJ's Uchida says rates won't rise when markets unstable
Bank of Japan deputy governor Shinichi Uchida said the central bank would not lift interest rates when the markets are unstable, in response to this week's volatility that saw a massive sell-off in equities.
US non-farm payrolls rise by 114,000 in July
Hiring in the US slowed abruptly last month, prompting talk in markets of 'policy mistakes' by the Fed and of a 'growth scare'.
GSK's endometrial cancer drug gets expanded US approval
GSK said the US Food and Drug Administration has approved its Jemperli treatment in combination with chemotherapy and then use on its own for adult patients with primary advanced or recurrent endometrial cancer.
UK retail footfall drops further in July
Retail footfall fell across the UK in July, according to fresh data released on Friday, with overall numbers dropping by 3. 3% compared to the same period last year.