17 October – 21 October

17 October

The central bank governor behind one of the world’s biggest experiments with negative rates has declared their introduction “undramatic” even as many economists expect further cuts.

Europe’s steelmakers are urging EU leaders to take a tougher stance on unfair trade to help preserve the industry on the continent at a time when it is under pressure from cheap Chinese imports.

Four years ago, at a coffee shop just outside Kuala Lumpur, a young woman with a smartphone in her hand, looking a bit out of place, eagerly explained to local taxi drivers how to use a ride-hailing app. This is how Tan Hooi Ling started her business. The now 32-year-old is the co-founder and chief operating officer of Grab, the biggest ride-hailing mobile service provider in Southeast Asia, whose app has been downloaded more than 21m times in six countries.

The bad start to the day for UK government bonds has not improved, with yields on the country’s 10-year debt sweeping up to 1.2 per cent. (Yields rise when prices fall; today those yields are up by 0.105 percentage points.)

18 October

The Brazilian stock market is continuing to soar on expectations towards the economic reforms proposed by President Michel Temer.

UniCredit has priced the first ten-year bond from Italy’s banking sector this year, in a sign of appetite for longer-dated risk in European credit markets. The Italian lender is borrowing €1bn at a yield of just under 2.2 per cent. The senior unsecured bond is rated at triple B minus by Standard & Poor’s, and attracted orders of €1.6bn, reports Thomas Hale in London.

Uber and other ride-hailing services have fueled a surge in the number of self-employed drivers in the US. The figure more than doubled in four cities in tech-friendly California between 2012 and 2014. It grew by an average of 48 per cent across the US’s 50 largest cities, whereas conventional employment in the sector grew more slowly or declined.

European leaders will be asked to help salvage a stalled EU-Canada trade deal at a summit later this week after fruitless efforts to break the deadlock before a special meeting today.

19 October

In May, Peng Guangsheng stood in a long queue at the Gu’an county government office in Hebei province, near Beijing’s city limits. As a waidi ren or “outsider” from Suzhou in eastern China, Mr Peng needed special approval to buy a property in Gu’an and was restricted to one purchase.

The Chinese economy expanded at an annual rate of 6.7 per cent in the third quarter, in line with the government’s full-year target, but exacerbating fears of inflated corporate debt levels and overheated property markets.

Faltering starts to the new football season by Manchester United and Barcelona helped UK bookmaker Ladbrokes achieve a double-digit boost to revenues — its fourth consecutive quarter of growth.

Healthcare may be the worst performer on the S&P 500 so far this year, but on Tuesday it led the broad-based rally on the benchmark index. The S&P 500 healthcare sector rose 1.1 per cent and was the biggest gainer on the index after private health insurer UnitedHealth Group reported better than expected results that triggered a rally in shares of its rivals as well. Despite Tuesday’s gain however, healthcare is the only sector in the red so far this year, down 2.6 per cent.

20 October

Morgan Stanley edged closer to its long-term profit target on Wednesday, as it brought down the curtain on a generally upbeat third-quarter earnings season for the biggest US banks.

Gold prices are back on the rise as investors become less convinced that the Federal Reserve will raise interest rates this year.

Sweden’s currency fell against the dollar for the seventh time in the past 10 trading days, providing further reason for its central bank not to ease interest rates at next week’s policy meeting despite surprising falls in inflation.

The head of the world’s biggest listed oil company and Opec’s most powerful member Saudi Arabia on Wednesday offered sharply differing views on the outlook for the oil market generic ventolin.

21 October

EU leaders warned that critical discussions in Brussels on Friday could determine the fate of Europe’s trade policy as they stepped up frantic efforts to persuade a regional parliament in Belgium to lift its veto on a deal with Canada.

Shares in Nintendo slumped on Friday morning in Tokyo as investors and gamers parsed the contents of a three-minute video that introduced the world to the company’s new games console, Switch — the weapon with which it plans to do battle with Sony and Microsoft.

Robust earnings from US financials have consolidated their status as the best performing major sector in the S&P this month and raised hopes that the broad market’s longest profit recession since the Great Recession is coming to a close.

Broadcasters Sky and ITV suffered on Thursday thanks to concerns about the outlook for television advertising. The companies became the two biggest fallers in the FTSE 100. Shares in Sky fell 3.6 per cent to close at 829p while ITV lost 3.7 per cent to 173p.