Missouri's governor ordered 2,200 more guardsmen into Ferguson after a night of violence in several US cities sparked by a decision not to indict Darren Wilson, the white police officer who shot Michael Brown, an unarmed black teenager. The decision made this a rare case - grand juries nearly always choose to indict in cases that don't involve police officers. US investors set for upbeat Thanksgiving Index futures suggest the S&P 500 will start the New York session with a 4-point gain, which if held will represent a new closing record. Bullish sentiment has been supported by a well received third-quarter earnings season and evidence that growth is recovering some pace. Hong Kong student protest leaders arrested Scholarism's Joshua Wongand deputy secretary of the Hong Kong Federation of Students Lester Shum were arrested as police moved in to clear one of the protest sites. Clashes had already erupted and 116 people were arrested overnight. China "fines" Microsoft for tax evasion China has charged the US company$140m in back taxes and interest, but Microsoft says the payment relates to a "bilateral advanced pricing agreement." Fiorina seeks Republican ticket Sensing an opportunity in a crowded field that lacks a front-runner, former Hewlett-Packard chief executive Carly Fiorina is actively exploring a 2016 presidential run. Fox News Flournoy rules herself out to replace Hagel Michele Flournoy has taken herself out of the running to lead the Pentagon, saying the needs of her family prevented her from taking the job. US tax deal threat The White House has threatened to veto a $450bn deal that would restore several lapsed tax breaks, saying it would provide breaks to well-connected corporations, while neglecting working families. Merrill Lynch under pressure UK regulators are putting pressure on Bank of America's European investment banking arm to improve its risk management, saying current practices are "simplistic" and need to be redesigned (WSJ) Oil continued its slippery slide Crude fell by more than $1 a barrel after the oil ministers of Saudi Arabia, Venezuela, Russia and Mexico failed to reach an agreement on how to address the growing supply glut before a key Opec meeting in Vienna tomorrow. US crackdown on Swiss bank secrecy hits HSBC The Securities and Exchange Commission fined HSBC's private banking unit in Switzerland $12.5m for failing to register before providing advice to American clients. HSBC is also under investigation from the US Justice department over allegations that one of its employees leaked confidential client information to a major hedge fund. The Pope calls Europe "weary" The continent gives an impression of"weariness and ageing" like a grandmother, he said, its great ideals replaced by "bureaucratic technicalities." In an address to the European parliament, he appealed for MEPs to focus not on the economy "but around the sacred nature of the human person." France gets tough on arms to Russia President Francois Hollande suspended the delivery of two Mistral helicopter carriers after coming under pressure from western allies to scrap the 1.2bn euro contract. Meanwhile, after brushing aside concerns over sanctions and oil prices, the falling rouble is beginning to hit ordinary Russians, who are reeling from a shortage of buckwheat - a favourite staple . One big Apple The company's market capitalisation touched a record-breaking $700bnon Tuesday, helped by strong iPhone sales and growing prospects in China. At an intraday peak share price of $119.75 in morning trading on Tuesday, the world's most valuable public company's market cap exceeded its nearest rival ExxonMobil by almost $300bn. Jean-Claude Juncker The European Commission president will lay out his "investment plan for Europe," calling for no EU money to be spent on new projects, but instead for the European Investment Bank and the EU budget to contribute 21bn euros in guarantees that will allow the EIB to raise new funds in the private capital markets that can then be invested in previously unfunded projects worth 315bn euros. (FT) US environment The Obama administration is expected to release acontentious and long-delayed environmental regulation to curb ozone emissions, targetting smog from power plants and factories across the country. The proposal comes a day after the Supreme Court accepted several challenges to separate EPA regulation curbing mercury pollution from power plants. Geo-engineering schemes to tackle climate change could prove disastrousfor billions of people, but might be required to bring down rising temperatures, scientists say. The FT in a cage fighting masterclass Mixed martial arts is one of the fastest-growing combat sports in the world - the FT gets a lesson from Britain'smost famous cage fighter, Alex Reid. Asian markets Nikkei 225 down -24.04 (-0.14%) at 17,384 Topix down -2.75 (-0.20%) at 1,406 Hang Seng up +268.07 (+1.12%) at 24,112 ASX 200 up +61.42 (+1.15%) at 5,396 European markets Eurofirst 300 up +4.51 (+0.32%) at 1,393 FTSE100 up +14.90 (+0.22%) at 6,746 CAC 40 up +2.26 (+0.05%) at 4,385 Dax up +67.69 (+0.69%) at 9,929 Currencies €/$ 1.25 (1.25) $/¥ 117.79 (117.97) £/$ 1.57 (1.57) €/£ 0.792 (0.7941) Commodities ($) Brent Crude (ICE) up +0.33 at 78.66 Light Crude (Nymex) down -0.13 at 73.96 100 Oz Gold (Comex) down -1.40 at 1,196 Copper (Comex) up +0.15% at 2.96 10-year government bond yields (%) US 2.25% UK 1.99% Germany 0.75%