* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. By Saikat Chatterjee. The pound advanced broadly on Friday, notching up its biggest daily rise versus the euro in nearly five months, as a combination of news and decent data provided enough ammunition to speculators to buy the struggling British currency.
Sweden's 20-year government bond yield fell below zero for the first time on Friday, taking the country's entire yield curve negative. Sweden, where the key central bank interest rate is -0.25%, joins Denmark, Germany, Switzerland and the Netherlands with the whole bond curve yielding less than zero.
Blue chips could not trade for 100 minutes. A fault at the London Stock Exchange (LDNXF) prevented blue-chip British companies from trading on Friday for over an hour, the longest such outage in 8 years. What was called a "technical software issue" kept FTSE 100 and FTSE 250 companies from opening until 9:40 a.m. local time.
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. The pound gained for a second consecutive day on Friday after a stream of resilient economic data this week calmed sentiment on the health of the UK economy and as opposition parties launched plans to block a no-deal Brexit.
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. By Olga Cotaga. Sterling rose on Thursday to the highest in more than a week, supported by news that the opposition Labour Party was mounting a bid to bring down Prime Minister Boris Johnson and stop him taking Britain out of the EU without a deal.
Russia and Venezuela signed an agreement on Thursday governing visits by the countries' warships to each other's ports, the Interfax news agency reported. The agreement was signed in Moscow by Russian Defence Minister Sergei Shoigu and his Venezualan counterpart Vladimir Padrino Lopez, Interfax said.
Amazon's impact on the U.K. economy was laid bare Thursday as the online retailer's annual discounting day was credited with a surprisingly strong gain for British retail sales in July. British retail sales in July grew 3.3% compared to a year ago, according to data released Thursday. Economists polled by FactSet expected a 2.6% rise.
Norway's nuclear safety authority is analyzing tiny amounts of radioactive iodine detected in the air in northern Norway in the days after a deadly explosion during a rocket engine test over the border in Russia.
* C.bank takes measures to cool market down. * Economy ministry calls consumer lending 'social issue' * C.bank, economy ministry see no risk for banking sector. By Darya Korsunskaya, Elena Fabrichnaya and Tatiana Voronova. Natalia Leontyeva, a Siberian sales manager, bought a second hand car in 2013 with a loan worth about four monthly salaries. "You pay one month's instalment, then the second.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
