11 December – 15 December

11 December

Swissport’s bonds attracted hefty selling on Monday, reflecting anxiety among investors about the stretched finances of HNA Group, the Swiss aviation services company’s Chinese parent.

A Canadian vehicle that has stockpiled millions of dollars worth of battery metal cobalt said it intends to spend $58m buying more, as it bets on growing demand for electric cars.

The approaching end of President Donald Trump’s first year in office, another very robust employment report and a still strong stock market make it appropriate to revisit my year-old judgment that the American economy is enjoying a sugar high.

For investors wanting to ride the electric car boom, one of the best trades of 2017 was buying shares in the miners that supply the raw materials.

12 December

Chinese lens maker Sunny Optical fell as much as 8.7 per cent on Tuesday after the company revealed shipment data for November.

One of the biggest challenges for venture capital companies is finding interesting investment targets before anyone else. It is often a laborious, travel-intensive job. But machine learning and predictive analytics are starting to transform how an investor puts a portfolio together.

The rapid growth the Trump administration is banking on in its budget will deliver around $1.8tn of extra tax revenue, the US Treasury said in a paper as it battles scepticism among economists over its claims that tax cuts can pay for themselves.

More than $75m worth of bitcoin futures traded on their first day in financial markets, representing a modest but significant sum for derivatives on a digital currency whose underlying utility is still a matter of debate.

13 December

When Westfield founder Sir Frank Lowy opened his first mall nearly 60 years ago in Sydney, he would have struggled to see a time when ‘bricks and mortar’ retailing could be under such threat.

Mark Carney, governor of the Bank of England, will have to write a letter to the chancellor of the exchequer explaining why the central bank has missed its inflation target after prices increased last month at the fastest rate for more than five years.

Pakistan’s currency and stocks have been hit by sharp falls as concerns mount about the country’s political and economic difficulties.

When interest rates are at zero (or less), the future is cheap and thus Tesla is trading on rosy expectations. Therein lies the problem for Tesla’s investors, because the market eventually will want to see those expectations become reality.

14 December

Shares in Innogy plunged 12 per cent on Wednesday after the German energy group reduced its profit forecast for 2017 due to “the persistently difficult market environment in the UK”.

Target is heeding to the age-old adage that the best defence is good offense. The Minneapolis-based retailer took a bold step towards strengthening its position in the race against Walmart and Amazon for delivery and e-commerce dominance on Wednesday by snapping up delivery service start-up Shipt for $550m in cash.

The US stock market sustained its upward march on Wednesday as investors played down fears that the Republican loss of a Senate seat in Alabama may reduce the chance of passing key legislative proposals, including tax reform.

The Federal Reserve took a more optimistic view on the health of the US economy at its December meeting, signalling diminishing slack in the labour market as it lowered its unemployment rate forecast.

15 December

Hong Kong sourcing group Li & Fung jumped more than 7 per cent on Friday after it said it would sell its sweater, furniture and beauty products business for $1.1bn

Richard Milne, Nordic Correspondent DECEMBER 15, 2017 1 Shares in H&M hit their lowest level for eight years after the Swedish fashion retailer reported an unexpected fall in sales at the end of a poor year.

Indonesia’s trade balance beat expectations last month as the country posted double-digit growth in the value of both exports and imports.

Tightening margins of support among key Republican lawmakers for tax reform have helped drag US equities into the red at the end of the trading day on Thursday, offsetting a boost from Disney and 21st Century Fox after their big deal announcement and strong retail sales data.