21 November – 25 November

21 November

What’s bugging gold? The election as US president of a political neophyte with questionable temperament was supposed to be a sweet moment for gold, perhaps the best-known haven when markets or politics get a little hairy.

The Malaysian central bank’s moves to curb what it describes as “speculative and damaging” offshore trading in the ringgit are causing disquiet among investors and raising concerns about the regulator’s handling of the markets.

China has offered itself as the Pacific Rim’s lead advocate for free trade, as US President Barack Obama defended the remnants of what he had hoped would be one of his biggest policy legacies.

Facebook will hire an extra 500 employees in the UK next year, boosting its British headcount by 50 per cent when it opens its new London office in the latest sign of technology companies pledging confidence in the capital.

22 November

The National Bank of Hungary has left its benchmark interest rate on hold at a record low of 0.9 per cent, as economists had predicted.

Shares in Mitie fell almost 10 per cent on Monday after it warned its full-year profit would fall short of expectations because of uncertain economic conditions following the Brexit vote, lower government spending and a rise in the UK minimum wage.

Toyota and Mazda — the two Japanese automotive groups most sceptical about electric vehicle technology — have finally revealed plans to mass-produce battery-powered cars. They are late to a game that most of the world’s carmakers — including Volkswagen, Daimler, General Motors and Jaguar Land Rover are already playing, as they confront the rise of US electric vehicle start-up Tesla.

US president-elect Donald Trump’s pledge to ignite faster economic growth has put the shares of smaller US companies on track to outshine big multinationals this year for the first time since 2013.

23 November

The pace of construction work done in Australia during the September quarter shrank at its fastest pace in 16 years and came in sharply below expectations.

Donald Trump has reversed course on several campaign pledges including suggesting he will reconsider his view on withdrawing from the Paris climate accord, and has shown less confidence in the usefulness of waterboarding and other forms of torture after a frenetic 24-hour blizzard of activity.

Wm Morrison, the UK grocer, is reviving the Safeway brand, more than a decade after it bought the supermarket group of the same name for more than £3bn.

Hewlett Packard Enterprise suffered a bigger revenue slip than expected in its latest quarter, though the decline did little to dent Wall Street’s revived interest in the company’s stock as it prepares to spin off large parts of its business.

24 November

Germany confirmed its economic growth rate slowed to 0.2 per cent in the third quarter, as a decline in capital investment and its trade surplus weighed on growth.

The central bank chief of war-torn Ukraine has warned that a surge in destructive populist politics and slowdown in reforms risks battering the economy in a double whammy scenario: undermining macroeconomic stability while simultaneously severing financial assistance from foreign backers.

Shares in Deere & Co surged to a high on Wednesday after the US tractor maker delivered quarterly earnings that beat expectations and signalled that the downturn in global farming equipment sales could begin to ease next year.

So Brexit was not a historical accident after all. The Trump victory seals it. A complacent, mainly urban liberal class, has been undone by a revolt. Nationalists are in charge of Washington and London now. These “strongmen” and “strongwomen” will control borders, restrict the movement of labour and subject cross-border M&A to ever tighter public scrutiny tests. Security will come first cheapest generic ventolin. The twin freedoms of capital and labour movement are fading, secular relics from a passing liberal age.

25 November

Direct Line’s shift towards growing its own-brand business will lead to better customer retention and lower commission costs, which should boost margins, the broker told clients.

The European Central Bank has warned of the risk of a rout in Europe’s markets, saying political instability in the US could infect investor sentiment around the world and trigger a further surge in borrowing costs for eurozone governments.

South32, the mining company spun out of BHP Billiton last year, on Thursday declared that it was on the hunt for more coal deals following the rebound in commodity prices this year.

US stock funds continued attracting investors’ cash this week as all four main Wall Street equity benchmarks hit further highs.