10 things you need to know before European markets open

Good morning! Here’s what you need to know.

Deutsche Bank settled its US investigation. The bank said it would pay $7.2 billion to the US Department of Justice, related to its issuance and underwriting of residential mortgage-backed securities during 2005 to 2007.

Donald Trump may be getting ready to crack down on goods coming into the US. According to a report by John King at CNN, the Trump transition team has been floating the idea of an executive order that would impose a 5% tariff on all imported goods soon after Trump takes office.

Spain has blocked Scotland’s EU dream. The Spanish government has flatly rejected Nicola Sturgeon’s proposals to keep Scotland in the single market if the rest of the UK leaves it after Brexit.

Births are at record lows in Japan. The number of annual births in Japan is set to fall below 1 million this year for the first time since data became available in 1899, reflecting a fast-ageing society and the high cost of childcare, Japanese media reported.

Philippine President Rodrigo Duterte announced he would halt all online gambling in his country. Duterte made the comment while announcing a 2017 budget that focused heavily on populist measures.

US auto sales will reach a new record this year. Sales will top last year’s by 5,000 vehicles, despite a 2.2∞ decline this month from a year earlier, industry consultancies J.D. Power and LMC Automotive said.

French far-right leader Marine Le Pen has run out of money. She does not have the funds she needs for her presidential election campaign next year, as banks continue to decline to lend to her National Front for political reasons, a senior party official said.

Lithuania is blaming Russia for cyber attacks. The Baltic state of Lithuania, on the frontline of growing tensions between the West and Russia, says the Kremlin is responsible for cyber attacks that have hit government computers over the last two years.

Peru and Brazil are embroiled in a bribery scandal. Peru’s President Pedro Pablo Kuczynski denied receiving $20 million in bribes from Brazilian construction giant Odebrecht in exchange for help winning a contract in 2005, when he was prime minister.

Chinese roads are dangerous. The country saw 58,000 deaths in more than 180,000 traffic accidents in 2015, authorities said, adding that poor enforcement of traffic laws still posed a threat to road safety in the country.

NOW WATCH: The US is $19.9 trillion in debt — here are the countries we owe the most

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.