Americas

FX and equity markets jump as a possible US-China trade deal is back in sight, Chinese president Xi Jinping promises more developments on free-trade zones and a registration-based stock system, and the Dubai International Financial Centre takes action to expand Chinese institutions’ access to the Middle East Africa and South Asia (MEASA).

Christoper Jordan has left his position as director of US private placements at Barclays in New York.

Mexico this week sent global markets a stark reminder that its politicians were not afraid to follow through on radical policies as the incoming president cancelled the capital city’s new $13bn airport. The move caught fund managers across the world off guard, despite the fact it had been a much-advertised campaign promise, writes Oliver West.

A rally in Brazilian dollar bonds slowed but did not reverse this week after right-wing Jair Bolsonaro eased to victory in last Sunday’s presidential election.

Brazilian meatpacker Minerva will make a second attempt this year to buy back its outstanding perpetual bonds after announcing a tender offer on Thursday.

Chilean state-owned oil company Enap (Empresa Nacional de Petróleo) showed Lat Am credits can still raise bond funding on Tuesday, though its latest deal is unlikely to have borrowers racing to markets.

Bitcoin has its birthday on Halloween. Make of that what you will. The shadowy phantom (or cabal of phantoms) known as Satoshi Nakamoto published the bitcoin whitepaper 10 years ago.

The high-grade dollar bond market got off to a flying start in November as oil giant BP, GM Financial, equipment finance company GATX, natural gas utility ONE Gas, and commercial real estate company Newmark Group all jumped at the chance of financing ahead of what promises to be a congested period. The release of US non-farm payrolls, US mid-term elections, and the Fed’s next meeting are all happening in the next seven days.

Investors poured cash into American Express as a stronger market tone underlined their willingness to put money to work on quality names despite an uncertain backdrop.

Representatives from European Union member states are debating the make-up of a proposed body to supervise clearing houses (CCPs), according to leaked documents seen by GlobalCapital.

Fitch took swift action on Wednesday Mexico’s rating after incoming president Andrés Manuel López Obrador (Amlo) cancelled the capital city’s proposed new airport, placing it on negative outlook.

CME Group has ticked off all of the regulatory approvals needed to forge ahead with its purchase of NEX Group, after the UK Competition and Markets Authority cleared the transaction on Wednesday.