Investors anticipate a Fed Christmas rate cut later this week with other central banks’ final policy meetings potentially following suit. Soaring Chinese exports to the EU push the country’s surplus beyond $1bn for the first time. Outbound shipments are up almost 6 per cent on the year with French President Emmanuel Macron threatening to slap tariffs on Beijing. Swiss lender UBS could soon benefit from the loosening of a banking regulation package which would otherwise require it to raise an additional $24bn in capital. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.