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Daily Market Update - 21/11/2017

Paris wins battle to host European banking regulator, Amsterdam wins medicines agency
Turkish lira hits new lows as central bank adjusts banks’ borrowing limits.
Compass, the caterer boosts profits by 15% , brighter outlook from oil linked businesses
Chinese firm Dalian Wanda denies reports is looking for a buyer for 5 of it’s overseas property developments
Tencent’s market cap now surpasses Facebook.
Chinese stocks up almost 2% in HK as insurers rally
US files lawsuit challenging AT&T – Time Warner deal
M&A deals announced in November in US hit a record $200bn as CEOs look to fend off competition from tech giants
BAML sees a high point of oil at $70 next year, sees EURUSD at 1.10 at end of Q1 ‘18
FT is reporting Saudis are toying with idea of investing between $500m to $1b in Credit Suisse, enough to buy a 2.4% stake, Financial Times’ Patrick Jenkins reports in an opinion piece
CRH Q3 Trading Update - Co is guiding FY EBITDA "in excess" of €3.2bn (cons 3.25bn); Q3 Rev +3% 
Some change in the FTSE 100 rankings as it’s now 3 additions (2 auto-adds and a balancing add) as ConvaTec has slipped back to 111, 1.2% away from safety
Federal Reserve Chair Janet Yellen said she will step down from its Board of Governors once her successor is sworn into the office, widening the scope for President Donald Trump to shape the U.S. central bank’s leadership for years to come.
Asian markets rallied, with benchmarks in Japan, Taiwan and Hong Kong posting gains of at least 1%. Ping An Insurance extended a surge in Hong Kong that has made it the world’s second-largest insurer by market value after Berkshire Hathaway. 
Markets flat after open.