News Highlights : Top Global Markets News of the Day
|08/10/2020 | 01:16am|
Economy Week Ahead: Consumer Prices, GDP, Retail Sales
The U.S. retail-sales report for July caps another week of data that will shed more light on the pace of global recovery from the new coronavirus pandemic.
China's July Industrial Deflation Eased
China's factory gate prices fell at a slower pace in July thanks to recovering market demand and global commodity prices, while the nation's consumer inflation picked up due to higher food prices.
Trump's Stimulus Orders Set Off Squabble
House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin offered sharply different takes on the president's coronavirus relief measures.
Tech's Stock Market Takeover Reaches New Heights
The stock market is more top-heavy than it has been in decades.
Iron Ore's Price Rally Defies Coronavirus-Induced Recession
Global steel output has fallen during the pandemic, but China's steps to boost its economy have buoyed local production and with it demand for iron ore.
Stocks Edge Up at End of Big Week
U.S. stocks ticked higher as the latest employment report showed the economy added more jobs than expected last month, though uncertainty surrounding fresh government stimulus threatened to crimp a recovery.
To Some Investors, 10-Year Treasury Note Isn't What It Was
For years, the 10-year U.S. Treasury note has been every investor's touchstone. Now some people are saying they can't trust its signals the way they once did.
U.S. Covid-19 Cases Near Five Million
The number of confirmed coronavirus cases in the U.S. closed in on five million as political tensions over economic aid for struggling Americans heightened in Washington.
Unemployment Rate Fell to 10.2% in July, U.S. Employers Added 1.8 Million Jobs
Employers added 1.8 million jobs in July and the unemployment rate fell to 10.2%, so far recovering less than half of the jobs lost due to the pandemic.
Canada Ramps Up Retaliation Against U.S. Over Aluminum Tariff
Canada plans to slap its own tariffs on a range of U.S. products that contain aluminum in retaliation to President Trump's latest move to aggravate one of the world's largest trading relationships.