Wall Street is poised set to break records on Monday with major stock indices rising close to all-time highs in early trading, as the rally since Donald Trump’s US election victory nearly three weeks ago continues.

The world economy is set to enter a period of rising inflation and higher growth, prompting the typically bearish US investment bank Goldman Sachs to turn overweight on commodities for next year.

Banco do Brasil, Latin America’s largest bank by assets, is offerng early retirement to thousands of employees and shutting hundreds of branches in a bid to cut costs.

Michael Sherwood, Goldman Sachs’s co-head of Europe, is quitting the investment bank after a three-decade career in which he became one of the industry’s highest earners but was embroiled in a recent spat over BHS, the failed UK retailer.

Citigroup on Monday announced plans to add to its existing shares buyback programme, the latest in a series of moves by the US bank to return cash to its shareholders.

Yes, rallies. Do not adjust your set.

The London Stock Exchange Group is to purchase Mergent, a US financial data business, in a push to bolster its extensive information and data unit.

US stocks are poised to open slightly higher on Monday and the dollar fell against major currencies, as investors continue to scan for clues on what US president-elect Donald Trump’s economic policies could entail.

A shift towards stimulative fiscal policy could help ease the burden on the Federal Reserve in supporting the US economy, the Fed’s vice president has said.

UK airline Flybe, which recently waved goodbye to its chief executive, has ended a long-standing franchise agreement with Scotland’s Loganair to serve destinations such as the Orkney islands and the Isle of Lewis.

Poland’s reversal on retirement ages poses a risk to the country’s ratings and fiscal credibility, ratings agency Moody’s has warned.

The German economy is set to bounce back strongly from a surprising slowdown in the third quarter, according to the Bundesbank.

Fitch ratings has warned that so-called Basel IV banking reforms could lead to divergence between the US and the European Union, adding to a chorus of concerns over the effect rule changes could have on Europe’s struggling banking sector.

French police have detained seven men as part of an anti-terror raid on Monday.

The UK’s banking and insurance regulator is looking at raising the limit on savings that would be protected in the event of lender collapsing back up to £85,000 from £75,000.

Just what the doctor ordered.

All change at the top of GIC, Singapore’s sovereign wealth fund.

UK prime minister Theresa May has reiterated her refrain that there will be “no running commentary” on the UK’s Brexit negotiations but noted that “businesses need clarity” on the process and that “people don’t want a cliff edge”.

Finally, some respite for the euro.

Italy’s benchmark equity index has reached its lowest level since September as nerves build ahead of the country’s referendum on constitution reform in less than two weeks’ time.

Citibank’s Irish subsidiary has been identified as a “systemically” important lender which will come under the scope of the European Central Bank’s regulatory supervision.

Nigeria continued to languish in recession in the third quarter, as its economy shrank 2.24 per cent compared to the same three months in 2015.

An independent survey of more than 2,000 companies in China’s industrial sector points to another consecutive period of contraction as cutbacks on overcapacity slowed significantly in the quarter ended September.

It has not been a good start to the week for Essentra, the UK-based company that makes products including cigarette filters and healthcare packaging.