10 things you need to know in markets, November 28

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

Woody Johnson, the United
States Ambassador to the United Kingdom.

Getty/Dan
Kitwood

1.
European shares will move in a tight range going into the
year-end and throughout 2019, a Reuters poll showed,
as slowing growth, political risks and worries over Washington’s
protectionist policies keep investors on the sidelines.

2.
The US ambassador to Britain, Woody Johnson, said that Britain’s
exit from the European Union is for the British people to
decide, but the United States remains keen to work
out a trade deal with the UK, The Times reported on Tuesday,
citing an essay written by Johnson for the newspaper.

3.
BMW is considering a second US manufacturing plant that could
produce engines and transmissions, CEO Harald
Krueger said on Tuesday, shortly after a report that US President
Donald Trump would impose tariffs on imported cars from next
week.

4.
“Facebook has a black people problem.”A former
employee has written a 2,500-word memo to his colleagues
detailing what he perceives as just a few of the problems at the
social-media giant.

5.
President Donald Trump claims job losses at General Motors are
the Federal Reserve’s fault.Trump has blamed Fed
chairman Jerome Powell for layoffs at General Motors as well as
the stock market’s recent wobbles.

6.
Apple is having its worst month since the financial crisis a
decade ago. Here are five reasons why and a bonus
reason why it doesn’t matter.

7.
Climate scientists are roasting Trump over his cool reaction to
climate change report.Trump said he does not believe
the critical report that his administration produced, and
scientists have much to say about this.

8.
Russia has broadcast on state TV the confessions of “provocative”
Ukrainian sailors.The bizarre confessions are the
latest twist in a Crimean crisis that looks increasingly
difficult to defuse.

9.
Trump says US troops can probably stay out of the Middle
East. “We’re producing more oil now.”

10.
Here are all the ways Trump’s trade war is hurting
America.