10 things you need to know in markets, November 15

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

Britain’s
Prime Minister Theresa May
Thomson
Reuters

1.
Asian stocks rose on Thursday, cheered by a bounce in Chinese
equities on signs China and the United States may be taking steps
to de-escalate their bitter trade dispute, while oil prices
resumed their retreat on fears of oversupply. A cautious
start is expected in Europe, however.

2.
French finance minister Bruno Le Maire said on Thursday that
British Prime Minister Theresa May’s Brexit deal was “good
news”, adding that it was in everyone’s interest that the
Brexit process proceeded smoothly. Not everyone was as
optimistic. May on Monday night published the full
text of her 585-page Brexit deal.
Read it here in full.

3.
Facebook cannot be trusted to regulate itself and Congress should
take action, Democratic U.S. Representative David Cicilline,
expected to become the next chairman of House Judiciary
Committee’s antitrust panel, said on Wednesday. The comment
comes after an
exhaustive report from The New York Times, which details how
Facebook executives attempted to deflect criticism as the
company’s scandals mounted over the last few year.

4.
Switzerland’s competition watchdog WEKO said it had searched
offices of Swiss financial companies including Credit Suisse and
UBS as it probes a suspected boycott of mobile payment
solutions such as Apple Pay and Samsung Pay.

5.
The first group of caravan migrants has arrived at the US
border. And the US responded with lane closures, wire, and
barriers at the border.

6.
President Donald Trump endorsed a bipartisan US House bill on
Wednesday intended to reform the federal prison system and
help inmates prepare for life after release, but the legislation
faces an uncertain future in the Senate.

7.
Trump has tapped a fourth member of his exclusive Mar-a-Lago
resort for a US ambassadorial post. This time its Lana
Marks, the high-dollar handbag-maker, who will be ditching
fashion for diplomacy in South Africa.

8.
Nike is opening a 68,000-square-foot flagship store-of-the-future
in New York City. The giant futuristic flagship in New York
will span six floors and 68,000 square feet. Its name? “Nike
House of Innovation 000.”

9. It
looks like Boeing could be in big trouble over its 737 Max 8.
Pilots allege that Boeing failed to warn them about a safety
feature that could cause the plane to dive, just like the Lion
Air flight did before it crashed in waters off Java nearly two
weeks ago.

10.
Really rich people are moving out of Britain. Here is where
they are heading.