10 things you need to know in markets, November 19

Good morning! Here’s what you need to know in markets on Monday.

Getty

1.
Oil prices rose as traders expected top exporter Saudi Arabia to
push OPEC to cut supply towards the end of the year.
Asian shares inched cautiously higher amid conflicting signals on
the chance of a truce in the Sino-U.S. trade dispute, while

a new-found air of concern on the global outlook at the Federal
Reserve undermined the dollar. Brent crude rallied 1 percent
to $67.43 a barrel in early Monday trading. 

2.
US President Donald Trump said there is no reason to listen to
audio of the murder of Jamal Khashoggi. A question
is still hanging over Trump now that the CIA reportedly believes
Saudi Arabia’s Crown Prince personally ordered the killing of
journalist Khashoggi last month.

3.
Opponents of British Prime Minister Theresa May are six letters
short of the threshold to trigger a no confidence
vote, The Sun newspaper reported. May said a
conservative contest now would derail Brexit. May
delivered a hard message to the rebels in her party: A
leadership change could end Brexit itself.

4.Some 44% of German firms expect a further escalation of
trade tensions between Europe and the United States,
which is likely to continue to dampen new investments, the RND
newspaper chain reported, citing a survey by the IW economic
institute.

5.
French President Emmanuel Macron called on Sunday for Germany and
France to dig deeper as allies in their bid to spearhead a more
united Europe, including by overcoming lingering
skepticism on issues such as a euro zone budget.

6.
Iran is still hopeful that Europe can save a 2015 nuclear deal
between Tehran and six major powers despite the withdrawal of the
United States, Iranian Foreign Ministry spokesman
Bahram Qasemi said on Monday.

7.
An under-pressure Mark Zuckerberg reportedly told Facebook execs
that the company he built is “at war.” The company
CEO promised to be more “hands on,” after what he called recent
“bull—” media coverage.

8.China approved a $6 billion airport expansion in its
autonomous Xinjiang territory. The area is
considered by China to be a key node for the country’s massive
Belt and Road initiative, though the region has been wrought with
controversy over its detention of Uighur Muslims.

9.
Former NYC Mayor Michael Bloomberg donated $1.8 billion of his
massive fortune to his alma mater Johns Hopkins.
This is the largest donation to any US educational institution in
history.

10.
Mark Zuckerberg reportedly tried to pin the blame for the
Cambridge Analytica scandal on his COO Sheryl
Sandberg. Following the incident, Sandberg
reportedly told friends that she wondered if she should be
worried about her job.