10 things you need to know in markets, December 4

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

Reuters

1.
Asian shares were subdued on Tuesday as a relief rally sparked by
a truce in the U.S.-China trade war gave way to
doubts on whether the two countries are able to
resolve their differences before a 90-day deadline.

2. There
is a good deal of confusion in the White
House. Trump’s big ticket G20
trade agreement with China is getting pretty vague, and the White
House scrambled to issue a correction.

3.
The French government is preparing to suspend fuel tax
increases, possibly by Tuesday.The move comes
after
four people died and hundreds were arrested during riots in
Paris. What started out three weeks ago as a protest
against fuel prices has escalated as “Yellow Vest” aligned
protests spring up all over France.

4.
Oil prices rose on Tuesday, extending gains from the previous day
amid expected OPEC-led supply cuts and reduction in Canadian
output. The 90-day truce in the US-China trade
dispute was also still supporting markets, traders said.

5. Beijing
may be “testing Tokyo’s
resolve.” The South China Morning
Posts says China could be probing Tokyo for signs of weakness
with its latest incursions into the disputed waters.

6.
Tokyo prosecutors plan to arrest Carlos Ghosn on a fresh claim of
understating his income, the Sankei newspaper reported on
Tuesday, in a move that could keep the former
chairman of Nissan Motor Co in detention until the end of the
year.

7. Leaked
documents reveal Tesla once had a roaring roll out plan for its
Model Y. Internal documents show
Tesla planned a production ramp of 7,000 Model SUVs a week at its
Gigafactory in Nevada by December 2020, and 5,000 Model Ys a week
at its China Gigafactory by February 2021.

8.
Special Counsel Robert Mueller is reportedly about to drop some
big Russia news.Mueller’s office has told defence
lawyers in recent weeks that it is “tying up loose ends” in the
ongoing investigation into Russia’s interference in the 2016
election

9.
David Attenborough delivered a stark warning about the future of
our planet. The natural historian
told a UN climate conference that the world needs to act on
climate change or watch civilisation collapse.

10. Uber
has a cunning plan to take over the global bike and scooter
empire. The giant plans to funnel
its own ubiquitous brand into a one-stop global transportation
app.