19 November – 23 November

19 November

Thailand’s economy grew at a slower pace than forecast in the three months to the end of September as exports decelerated and the tourism sector was hit by a fall in Chinese visitors after a tour boat capsized, killing almost 50 people.

A Chinese company is set to invest $2bn to build an industrial park at Clark Air Base, the former US military outpost in the Philippines, marking one of the most vivid signs yet of President Rodrigo Duterte’s increasing tilt towards Beijing away from Washington.

Over the summer, Larry Culp toured some of General Electric’s operations to introduce himself to the company where he had just been appointed lead independent director. After taking over as chief executive last month, he now has to decide which of those businesses he wants to keep.

The UK pound edged higher against major currencies early in the European trading session on Monday, after the EU’s chief negotiator proposed extending Britain’s transition out of the bloc, and as Theresa May fought to keep her deal — and her premiership — alive.

20 November

Asia is expected to lose out from the impact of the US-China trade war but Nomura analysts say Malaysia is best placed to benefit as an alternative source of imports, while Vietnam is set to gain as companies move production to escape tariffs.

Campbell Soup said on Tuesday its turnround plan started to pay off in the most recent quarter, stemming sales declines in its US soup business and driving growth for V8 juices, as the company looks to fight off a challenge from an activist investor.

A ramp up in investments helped keep the tills ringing at Target during the latest quarter but this came at the expense of profit margins, which suffered a surprise drop, spooking investors who sent the shares sharply lower.

Asia-Pacific stocks fell on Tuesday, mirroring a technology sell-off overnight on Wall Street amid concerns over iPhone demand and the US-China trade war.

21 November

Consumer price growth in Japan stalled last month as a jump in fresh food prices boosted headline inflation but left less volatile measures of consumer costs remained flat.

The liquid diet is back. Marston’s, the UK brewer and pub operator, reported a fifth year of like-for-like growth on Wednesday thanks to more drinking during the hot summer and football World Cup.

FTSE 250 bank Paragon grew its profits by a quarter in its latest financial year, avoiding many of the profit margin pressures that have hit mainstream banks by expanding into new products.

Oil and gas stocks led Wall Street lower, outweighing a recovery for technology stocks, in an otherwise bruising session for equities that at one point saw the S&P 500 enter correction territory and the Nasdaq Composite turn negative for the year.

22 November

After six months of turbulence, investors in Italy’s bond market are acclimatising to the new normal as Brussels and Rome prepare for a prolonged stalemate over the country’s budget.

There are more than a few turkeys in the S&P 500’s consumer discretionary sector this week in the lead-up to some of the festive season’s biggest shopping events.

Struggling children’s goods retailer Mothercare on Thursday said negative press coverage in the past year had damaged its brand, causing sales in the UK to decline.

The recent slump in oil prices has pushed the risk premium investors demand to hold the debt of riskier US energy companies to its highest level in 15 months.

23 November

Ukraine’s parliament has approved the government’s 2019 budget after a tense all-night session, a step that Kiev hopes will unlock $3.9bn of IMF loans and help to stabilise the country as it approaches elections.

Cracks are forming in the hotspot housing markets of China and Hong Kong, forcing developers to offload properties at a discount and weighing on shares.

‘Tis the day after Thanksgiving, and a white noise of mouse clicking and smartphone thumbing — pierced occasionally by so-called “doorbusters” shrieking “That’s my damn flatscreen TV!” — can be heard across the US as consumers peruse Black Friday sales.

Equities were mostly lower across Asia on Friday, led by a hit to Chinese stocks.  The CSI 300 index of major Shanghai and Shenzhen stocks slipped 1.4 per cent with a 2.9 per cent drop for the technology segment.