So much for the Mexican peso’s stellar run.

After rallying as much as 20 per cent from the record low of nearly 22 per dollar reached in January, the peso is back on the ropes as a confluence of factors — including US tax reforms, a new corruption scandal and fresh signs of inflationary pressure — rattle investor sentiment once again.

Predicting that markets will unravel is one thing. Figuring out when or what will trigger it is another. On that note, Paul Mortimer-Lee, chief markets economist at BNP Paribas says in his contribution to our Charts of the Year:

Shares in XPO Logistics jumped more than 10 per cent on Friday after a report said Home Depot could be eyeing a bid for the global logistics and transportation provider.

The UN Security Council continued its efforts to tighten the screws on the North Korean regime on Friday, unanimously voting in favour of a US-led resolution to impose new sanctions on the country after its latest missile tests.

US railroad operator CSX has made it official: Jim Foote will be its new chief executive, after the sudden death of industry veteran Hunter Harrison earlier this month.

Louis Dreyfus Company has announced the sale of its metals unit to a Chinese fund that includes one of the country’s biggest copper and cobalt producers as an investor.

Salvador Nasralla, the TV star turned politician who claims he rightfully won Honduras’ presidential elections last month, has given up his fight after the US recognised President Juan Orlando Hernández as the winner.

State-run oil giant Rosneft has settled two lawsuits against oligarch Vladimir Yevtushenkov’s conglomerate Sistema for Rbs100bn ($1.7bn), the company said on Friday.

The most radical overhaul of the US tax code in a generation is now the law of the land.

Things are looking good on the home front.

Sales of new single-family homes reached a seasonally adjusted rate of 733,000 last month, according to data from the US Census Bureau, the highest since 2007.

US Inc, get ready to pop those champagne corks.

President Donald Trump said on Friday that he will be signing his controversial $1.5tn tax reform bill into law later this morning.

The Brazilian government welcomed any move by Boeing and Embraer to form an alliance but would not consider any proposal that involved a change of ownership of the Brazilian aircraft maker, President Michel Temer said.

Wall Street opened with a whimper on Friday, with the main stock indices oscillating between ever-so-slight gains and losses ahead of the Christmas holiday weekend.

Ukraine’s Naftogaz and Russia’s Gazprom both on Friday claimed victory as a Stockholm arbitration tribunal issued the final award ruling in the first of two cases in a three-year legal battle between the state-controlled energy companies, where total claims stand at some $80bn.

The United States on Friday threw its backing behind Honduran President Juan Orlando Hernández as the winner of last month’s disputed elections, despite fatal protests and a call by the western hemisphere’s top diplomatic body to hold new polls because of rampant irregularities.

British Steel has parted ways with its chief executive after less than a year.

The Federal Reserve’s preferred inflation measure rose in November, according to data released on Friday that bolster the central bank’s forecast of further tightening next year.

Orders for long-lasting goods in the US bounced back in November – albeit less than expected – with transportation equipment and motor vehicle goods leading the gains.

Germany’s pilot union VC Cockpit is threatening more strike action against Irish low-cost carrier Ryanair, should the airline’s management not be willing to enter negotiations without preconditions.

British households have “historically low” amounts of disposable income available to save, and have been net borrowers for the longest period on record, according to new data which will add to fears that recent growth in spending is becoming unsustainable.

The first strike in the 32-year history of Ryanair had a limited impact on passengers, the low-cost airline said, with nine out of 36 flights scheduled to take off from German airports on Friday morning experiencing delays.

Britain’s economic growth was unrevised at 0.4 per cent quarter-on-quarter for the third quarter of 2017, according to the final estimate of national income. However growth at the end of the previous year was revised up, leading to an increase of 0.1 percentage points for 2016 as a whole.

Liberty Global has agreed to sell its Austrian unit to Germany’s Deutsche Telekom in a €1.9bn ($2.2bn) deal that could set the stage for renewed merger talks with Vodafone.

London’s main equities index is looking rather festive.