14 November – 18 November

14 November

Japan’s economy has continued its solid run in 2016, expanding during the September quarter and at a faster clip than the market had expected, potentially taking pressure of the Bank of Japan to ease monetary policy further

Politics looks set to become the key driver of the euro, just as it is shaping sterling and the dollar, as investors turn their attention to several forthcoming European elections that herald another wave of Brexit and Trump-style anti-establishment sentiment try this.

A private report by EY has been circulated among UK lawmakers and government estimating 83,000 related job losses over the next seven years if euro-denominated clearing is forced out of London into continental Europe.

Bertelsmann, Europe’s largest media group by sales, plans to double its investments in China, India and Brazil over the next three to five years to €1bn as it diversifies away from its home market in Europe.

15 November

Federal fund futures — or the contracts that investors use to bet on interest rate movements — imply a 92 per cent chance of a rate rise next month, compared with 84 per cent on Friday.

After months of sending government troops to battle militants blowing up oil pipelines in the Niger Delta, Muhammadu Buhari tried a different tack. The Nigerian president invited the region’s community leaders and traditional rulers to his villa this month for talks — a step energy sector executives hoped could halt a wave of sabotage since January that has cost the country billions of dollars in damages and lost exports.

Brent crude oil dropped below $44 a barrel on Monday to hit its lowest level for three months, as a strengthening US dollar and doubts over Opec’s ability to agree supply curbs when it meets this month led to funds selling out of the market.

Greencore, producer of half the sandwiches sold on Britain’s high streets, will accelerate its US expansion plans with the acquisition of Peacock Foods for $747.5m, a deal that will quadruple its sales in the country.

16 November

Donald Trump’s election victory heralds the beginning of a new era of retreating globalisation and rising bond yields that could last for a decade, according to Bridgewater’s Ray Dalio.

Global inflation expectations have soared to their highest level in 12 years according to a survey of fund managers, raising fears the world economy could be heading into a period of “stagflation”.

A bigger than expected jump in US retail sales last month renewed optimism about the strength of consumer spending, supporting the argument for the Federal Reserve to lift interest rates in December.

Premier Foods, the British manufacturer of Mr Kipling cakes and Oxo stock cubes, said it was less vulnerable to inflationary pressure from the post-Brexit fall in the pound than many of its bigger competitors, giving it the capacity to absorb higher prices.

17 November

In Arizona miners can travel 1.4bn years back in time in 15 minutes. A dark, two-storey cage lift takes its passengers on a 2km journey straight down, reaching one of the world’s great copper reserves.

Japan’s prime minister Shinzo Abe will be the first foreign leader to meet Donald Trump following his shock election victory last week. Mr Abe is seizing the chance to lobby the president-elect while key US policies are in flux and is expected to underscore the importance of the Japan-US alliance after Mr Trump raised the prospect of a US retreat from Asia during his election campaign.

India, at the start of this year, began requiring retailers that received more than Rs200,000 ($3,000) in cash from a customer to report details of the sale — and the buyer’s taxpayer identification number — to tax officials. The impact on Ethos Watches, a luxury watch retail chain with 45 stores, was immediate: sales plunged 60 per cent. Before the new rule, 45 per cent of the company’s sales were of Swiss timepieces worth more than Rs200,000 — often bought with suitcases full of notes.

It’s a mixed but relatively subdued day for Asian equity markets, while government bonds are creeping higher and the US dollar is pausing after hitting its strongest level in 13 years.

18 November

Worries are growing that a build-up of unsold oil off the coast of the UK will keep prices down as the broader market surplus increases pressure on Opec to cut production.

Volkswagen slashes jobs The German carmaker will cut 30,000 jobs around the world by 2020 as it shifts investment to electric cars in the wake of the diesel scandal. The company hopes the restructuring will free up €3.7bn a year for investment in developing electric vehicles. (FT)

Protectionist pledges by the US president-elect -particularly against China- might mean inter-Asia trade grows. About 60 per cent of goods exported by Asian countries now stay withing the region, up from 50 per cent in the early 2000s.

Are US regulators finingJPMorgan $264m in settlement of alleged foreign corrupt practices? Or are they punishing the bank for cruelty to the slower kids in the class? Chinese “princelings” hired for their family connections to state businesses were referred to by colleagues as “the photocopiers”, according to the Securities and Exchange Commission. Duplication was the only task some seemed fit for.