18 June – 22 June

18 June

Drops across European bourses accelerated in mid-afternoon action on Monday, with investors increasingly nervous over deepening trade disputes.

The UK is set for its weakest year of economic growth since the financial crisis because of lacklustre consumer spending, business investment and trade, the British Chambers of Commerce has said.

Amazon is rolling out its Prime subscription service in Australia just weeks ahead of a policy change that will block customers in the country from shopping on its overseas websites in response to a new tax law.

Shares in Nexans, the French cable maker, fell sharply on Monday after a profit warning spooked investors already concerned by the departure of the company’s chief executive.

19 June

Wall Street trimmed its gains by late morning in New York as a rally in crude prices boosted the energy sector, helping to partly offset escalating fears of a US-China trade war.

Emerging-markets currencies are feeling the heat from the latest wave of nerves about a global trade war that has hit stock markets and boosted the appeal of haven assets.

British department store group Debenhams has issued its third profit warning of 2018, adding to the deep sense of gloom on UK high streets.

German energy company Eon will raise British dual fuel prices by 4.8 per cent from August following a “significant rise in the cost of wholesale energy,” it said on Tuesday.

20 June

Europol is meeting more than a dozen major cryptocurrency exchanges this week to assess ways to crack down on the use of digital assets for money laundering, as concern mounts over the criminal exploitation of the nascent technology.

German producer inflation climbed in May at the quickest pace since October 2017 on the back of sharp jumps in petroleum and electricity prices, according to data released on Wednesday.

One of the more eye-popping slides in Mary Meeker’s annual deck shows the world’s top 20 internet companies, ranked by market value. From just two places five years ago, Chinese players now take up nine slots.

Package delivery company FedEx on Tuesday posted upbeat quarterly results buoyed by higher base package shipping rates as online shopping boosts deliveries.

21 June

Asia-Pacific markets edged higher on Thursday as investors continued to mull the likely impacts from the simmering trade war between the US and China.

The Swiss National Bank is not amused by the political shockwaves in Italy that have put pressure on the euro and pumped up the franc.

Walt Disney sought to shut down the nascent bidding war for the majority of 21st Century Fox by upping its offer for Rupert Murdoch’s movie studio and cable channels by nearly $20bn to $71.3bn, significantly outstripping a rival offer from Comcast.

Xiaomi will sell shares at between HK$17 and HK$22 a share, raising up to $6.1bn in its Hong Kong initial public offering.

22 June

Oil prices extended their gains on Friday as Saudi Arabia won a deal to lead Opec in a roughly 1m barrel a day output boost as it seeks to cool the rally in crude.

France’s economy grew at a slower pace in the first three months of 2018 on sluggish household spending and a fall in exports, final figures from the country’s statistics office showed.

Donald Trump threatened to impose tariffs of 20 per cent on imports of cars from the European Union, in a further escalation of trade hostilities with key partners that hit shares of major automakers.

Saudi Arabia has won a deal to lead Opec in a production increase as the cartel and its allies bid to cool oil’s rally to the highest price level since 2014.