10 things you need to know in markets, November 7

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

Samantha
Lee/Business Insider; Chip Somodevilla/Getty Images; Drew
Angerer/Getty Images; Win McNamee/Getty Images; Olivier
Douliery-Pool/Getty Images

1.
Most of the US midterm election results are in: Democrats are
projected to take
control of the House of Representatives, and Republicans are
projected to hold
onto their majority control of the US
Senate
 in the new year. 

2.
Former US Treasury secretary Hank Paulson told a forum in
Singapore that if the US decouples from China, then it will
likely isolate itself from the region and trigger a “full-blown”
cold war. Paulson spoke of an “economic iron
curtain” cleaving the world into estranged spheres should the US
and China fail to resolve their burgeoning strategic differences.

3.
Finnish mobile telecom network maker Nokia announced on Wednesday
that it had signed frame deals with China Mobile,
China Telecom and China Unicom worth more than 2 billion euros
($2.3 billion).

4. China
says it has new surveillance camera technology that can recognise
you just from how you walk.“Gait recognition”
technology has reportedly already been rolled out and is an
improvement over facial recognition.

5. US
Secretary of State Mike Pompeo’s trip witha
senior North Korean envoy has been postponed.The
State Department mentioned scheduling in a short statement but
offered no reason for the delay.

6. French
police have reportedly arrested six over a plot to attack
President Emmanuel Macron. This is
just days after he likened Europe’s extreme right to Nazis.

7.
Carmaker BMW on Wednesday reported a 27% drop in third-quarter
operating profit to 1.75 billion euros ($2 billion),
missing analyst expectations amid currency headwinds and higher
research and development expenses.

8.
German sportswear firm Adidas hiked its 2018 profit guidance,
citing a strong financial performance in the first nine months of
the year, but trimmed revenue target due to
weaker-than-expected growth in western Europe.

9. Some
Saudis are calling for a boycott of Amazon to hit back at Jeff
Bezos in response to The Washington Post’s coverage of Jamal
Khashoggi’s
murder. Bezos
owns the Washington Post, where murdered Khashoggi was previously
a columnist.

10. US
President Donald Trump
rushed more than 5,000 troops to the border to lay razor
wire. The wire was laid in
preparation for the arrival of migrant caravans consisting of
potentially thousands of people from across Latin America.