10 things you need to know in markets, December 3

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

President
Donald Trump welcomes Chinese President Xi
Jinping
Reuters/Carlos
Barria

1. US
President Donald Trump and Chinese President Xi Jinping have
reached a 90-day ceasefire agreement on new economic
tariffs. Trump in a tweet also
said China will
reduce and remove tariffs from car imports. Lasting
improvements in relations will depend on U.S. “sincerity”,
Chinese
state media said on Monday.

2.
Asia-Pacific stock markets are on the up. European
and US index futures also rallied as global stocks reacted to
positive trade news out of the G20 summit.
Oil climbed 4.5% to $62.15 a barrel.

3. The
US stood alone on climate change at the G20
summit. The other nations came to
agreement on the Paris climate accord and other issues including
trade and immigration.

4. Paris
has been hammered by the worst rioting in 50
years. What started out as a
protest against fuel prices has escalated as Parisians took to
the streets to vent anger at the policies of President Emmanuel
Macron.

5.
Several world leaders are keen to strike trade deals with Britain
once the country is out of the European Union, Prime
Minister Theresa May will say on Monday, pressing the case for
her Brexit deal before a fateful Dec. 11 vote in parliament.

6.
Qatar is withdrawing from OPEC as of January 2019, the country’s
energy minister said on Monday. The decision
came after Qatar, one of OPEC’s smallest producers but the
world’s largest liquefied natural gas exporter, reviewed ways to
enhance its role internationally and plan long-term strategy,
including focusing on its gas industry.

7. President
Trump says he likes North Korean leader Kim Jong Un and wants to
fulfil his wishes. That’s the
message Trump asked South Korean President Moon to pass along
after this weekend’s summit.

8. Russian
President Vladimir Putin is refusing to release the Ukrainian
soldiers the country is
holding. Putin said it was “too
early” to return them after they clashed with Russian ships at
sea last week.

9. Saudi
Crown Prince Mohammed bin Salman reportedly sent at least 11
messages to his adviser who oversaw Jamal Khashoggi’s
murder. According to a classified
CIA report obtained by The Wall Street Journal, the crown
prince’s messages to aide Saud al-Qahtani suggest he “personally
targeted” Khashoggi and “probably ordered his death.”

10. One of the
Taliban’s most senior commanders was killed in a US airstrike in
Afghanistan.Mullah Abdul Manan Akhund, the Taliban’s
“governor” and military chief for the southern Helmand province,
was killed Saturday night, according to local officials.