23 October – 27 October

23 October

Dutch health technology company Philips reported core profit for the three months to the end of September rose 12 per cent as sales in China saw double-digit growth.

Shares in Zhuzhou CRRC Times Electric fell to a three-week low on Monday after the company reported a 20 per cent slide in profit and received a downgrade by Nomura.

Japanese equity markets hit a record 15th consecutive day of gains as investors cheered prime minister Shinzo Abe’s decisive election victory. Mr Abe’s ruling Liberal Democratic party-led coalition secured a two-thirds parliamentary “super majority”, even though the prime minister began the campaign with a negative approval rating. If he remains in office until the Tokyo Olympics of 2020, Mr Abe will become the longest serving Japanese leader of the modern era.

Netflix plans to raise $1.6bn on Monday to fund its investment in original movies and television shows, in what is poised to rank as the company’s largest bond sale in its history.

24 October

Conditions in Germany’s vast factory sector continued improving at a rate close to last month’s near six-and-a-half year high in October, according to a closely watched survey.

The New Zealand dollar took a sharp fall on Tuesday following the confirmation of the policy priorities of the country’s incoming government. The kiwi slid 1.2 per cent from an intraday high of $0.7003 to a low of $0.6917 after prime minister-designate Jacinda Ardern and incoming deputy prime minister Winston Peters inked a coalition deal in Wellington.

US and California regulators will allow Volkswagen to repair rather than buy back 38,000 vehicles caught up in its diesel emissions scandal, saving the German automaker as much as $1bn by avoiding the more expensive buybacks.

Amazon has received 238 applications from cities across North America to host its new headquarters, the ecommerce group said on Monday, showing far higher demand for its HQ2 than had been anticipated.

25 October

Confidence in the outlook for the world economy has been boosted by strong earnings statements from some of the largest US industrial companies, reporting strength in sectors including aerospace and construction.

A group of private-equity investors led by New York-based Global Infrastructure Partners and China’s sovereign wealth fund will acquire a portfolio of Asian wind and solar energy projects from Singapore-based Equis Pte Ltd for $3.7bn.

South Africa’s finance minister slashed forecasts for economic growth this year and warned that fiscal deficits would be higher than expected for the rest of this decade as a corruption scandal buffets government finances.

As cryptocurrencies draw both greater interest and scrutiny in countries from the US to Switzerland, Japan has quietly become one of the largest hubs for trading bitcoin.

26 October

South Korea’s economy kicked into gear in the third quarter as renewed investment in construction and a return to growth for exports helped the country’s gross domestic product expand at the fastest pace in 7 years.

US equities ended the day in the red, weighed down by a batch of underwhelming earnings and growing trepidation about tax reform plans.

Deutsche Bank has agreed to pay $220m in a settlement with US states that resolves claims it manipulated benchmark interest rates, closing another chapter in the chequered US history of Germany’s biggest lender.

Shares of US casual-dining chain Buffalo Wild Wings jumped more than 21 per cent in after-hours trading on Wednesday after it topped up its annual earnings forecast thanks in part to switching its weekly promotional special from traditional to boneless chicken wings.

27 October

What a day for Deutsche Börse shareholders. Hours after finding out that chief executive Carsten Kengeter will step down, the German exchanges operator has warned it would not meet its full-year net income target owing to poor market conditions.

Macquarie Group’s shares climbed to a new high after the investment bank reported a record profit for the first half of its 2017-2018 financial year, beating analysts’ expectations and upgrading its full-year earnings forecast.

The pace of core consumer inflation in Japan was flat in September and analysts expect pressure on underlying prices to strengthen.

When is a potential rate rise not necessarily a boon for a currency? When it’s one that is seen as a reminder a constrained outlook for policy tightening. Sterling is falling toward its lowest level of the month as attention turns to the Bank of England’s monetary policy meeting next week. While a quarter-point rate rise is expected, such a move would only reverse the emergency cut of the same margin made straight after the UK’s Brexit vote.