Policy and data updates

  • European Central Bank continues to gradually reduce its Quantitative Easing programme

  • APEC summit: Asia-Pacific ministers meeting in Vietnam this week pledged to fight protectionism and embrace the World Trade Organization

  • Japanese Economy Minister, Toshimitsu Motegi, said the 11 remaining members of the Trans-Pacific Partnership had secured a framework agreement on how to salvage the deal (which was abandoned by the US)

  • The Trump administration slapped sanctions on 10 Venezuelan officials Thursday on allegations of corruption and rights violations

  • The Bank of England raised its benchmark lending rate (the ‘base rate’) from 0.25% to 0.5% on November 2nd and further emphasised its commitment to monetary tightening

  • Trump’s tax reform is unveiled, revealing a cut in the headline rate from 35% to 20%, tax avoidance crackdowns and significant change to deductions

  • Theresa May cabinet faces fresh scrutiny after her Secretary of State for International Development, Priti Patel, steps down due to unscheduled meetings with Israel’s Prime Minister