It’s just another risk-on Monday for global markets— helped by a bounce higher for oil, signs of diminishing political risk factors in Europe and optimism on the outlook for trade relations between the US and China.

Hopes that the Italian government might revise its public spending budget to bring it more in line with EU regulations underpinned a rally for the country’s stock and government bond markets at the start of this week.

Business confidence in the eurozone’s economic powerhouse slipped again in November, falling below expectations as jitters over Germany’s slowing manufacturing sector in particular persisted.

The board of Mitsubishi Motors voted unanimously on Monday to dismiss Carlos Ghosn as its chairman in the wake of his arrest last week, following a similar decision by its partner Nissan.

The United Arab Emirates’ president has pardoned Matthew Hedges, the Durham university student sentenced to life imprisonment for allegedly spying for the UK.

TCS, owner of popular Russian online bank Tinkoff, grew its net income 44 per cent year-on-year to Rbs7.3bn in the third quarter this year, a record for the company.

Norwegian oil and gas producer DNO has launched a hostile takeover bid for London-listed rival Faroe Petroleum, following months of speculation after it bought a minority stake in April.

Both the pound and the euro ticked higher on Monday after EU leaders on Sunday nodded through the terms of the UK’s withdrawal from the bloc — but analysts are now focused squarely on whether the measures will pass Britain’s parliament.

East London cake company Cake Box reported a jump in sales and earnings in its maiden results on Monday, as customers flocked to a growing number of stores to get their hands on sponge-, cream- and cheesecakes.

Rio Tinto’s uranium mine sale

Do mining companies have in-house acronym divisions? And should they think about selling them? Probably. In the midst of Rio Tinto’s planned disposal of OICOC, aka Iron Ore Company of Canada, via a sale or an initial public offering, the mining group has agreed to sell its controlling stake in the Rossing uranium mine in Namibia to CNUC, the China National Uranium Corporation, for up to $106.5m. That would make CNUC the largest shareholder in Rossing alongside IFIC, the Iranian Foreign Investment Company, and ICSA, the Industrial Corporation of South African. Rossing is world’s longest-running open pit uranium mine and produces around 3 per cent of global supply. 

Rio Tinto has agreed to sell its controlling stake in the Rössing uranium in Namibia to a state-backed Chinese company, marking the latest sale of an unwanted asset by the Anglo-Australian group.

Maybe it’s all about the Fed.

The chart above shows the cumulative rise in the effective federal funds interest rate from its previous low and the subsequent US recessions that have followed.

Brent crude climbed on Monday, breaking back above the $60 a barrel mark as it started to recover from a steep fall last week.

Theresa May will embark on a two-week campaign to sell the historic Brexit deal agreed by European leaders, telling MPs they risk plunging the country into “more division and uncertainty” if they reject it. 

Chinese iron ore and coal futures slumped further on Monday, following sliding steel prices lower amid investor fears over weak economic growth.

Third Point and Campbell Soup are on the verge of a settlement to end their acrimonious proxy fight, ahead of a shareholder vote scheduled for later this week, according to two people familiar with the discussions.

Stock benchmarks were mixed in Asia as investors looked ahead to the planned meeting set for the end of the week between US President Donald Trump and his Chinese counterpart Xi Jinping at the upcoming G-20 leader’s meeting.

Growth in Japan’s manufacturing sector slowed to a two-year low in November, according to a preliminary reading.

BlackRock has appointed Geraldine Buckingham as chair and head of Asia Pacific effective from February, succeeding Ryan stork who becomes deputy global chief operating officer based in New York.

Theresa May will embark on a two-week campaign to sell the historic Brexit deal agreed by European leaders, telling MPs they risk plunging the country into “more division and uncertainty” if they reject it.

The planned meeting between US President Donald Trump and his Chinese counterpart Xi Jinping at the upcoming G-20 leader’s meeting is likely to cap off another busy week for market watchers.

The S&P 500 closed in correction territory after a bruising day for energy stocks and a turnround for tech names conspired to drive Wall Street lower in the truncated Black Friday session.

Oil and gas stocks led Wall Street lower as pressure from US President Donald Trump on Saudi Arabia to keep prices low sent crude more than 6 per cent lower on Friday and had them on track for one of their worst drops this year.

The government of Czech prime minister Andrej Babis survived a no-confidence vote on Friday, which had been called by opposition MPs in connection with an investigation into the alleged misuse of an EU project subsidy.