|Real-time Estimate - 10/28 06:43:33 pm|
News Highlights: Top Global Markets News of the Day
|09/22/2020 | 12:16pm|
U.S. Existing-Home Sales Continued to Climb in August
Sales of previously owned homes rose in August for the third consecutive month of sales increases, a sign that prospective home buyers remain motivated to buy despite the pandemic.
Powell, Mnuchin to Testify on Impact of Coronavirus Relief Efforts
Treasury Secretary Steven Mnuchin and Fed Reserve Chairman Jerome Powell begin hearings on Capitol Hill Tuesday morning, with Mr. Powell saying the economic response to the coronavirus has been effective but Congress would likely need to spend more.
U.S. Stocks Edge Higher After Turbulent Session
The S&P 500's climb signaled a tepid rebound as investors weigh the prospect of renewed restrictions due to rising coronavirus infections damping the economic recovery.
Italian Bonds Rally on Election Results
The yield on Italian benchmark 10-year debt fell on Tuesday after the nation's latest election results soothed investors' worries about its historically volatile politics and their impact on the eurozone.
Insurance Freeze Snarls U.S. Supply Chains
An obscure part of the insurance industry that helps commodities flow smoothly around the world is seizing up, presenting another obstacle to the U.S. economy's fitful recovery.
Oil Market Flies Blind as Covid-19 Clouds Demand Outlook
Predicting oil demand has rarely been more challenging. Energy analysts are mapping out the course of the coronavirus and efforts to stop the pandemic, as well as grappling with the effects on fuel demand of an economic downturn.
U.S. Coronavirus Death Toll Nears 200,000
The U.S. death toll hovered just below 200,000, as some guidelines and practices for stopping the disease's spread have been called into question.
China's Attack on 'Unreliable Entities' Is a Double-Edged Sword for Beijing
China has been slow to retaliate against U.S. commercial restrictions this year, an illustration of the fact that the options available to it aren't great.
Sweden's Riksbank Still Sees Repo Rate Stuck at Zero in Coming Years
The central bank held its key interest rate at zero and backed its earlier guidance that the rate will likely remain unchanged at least until late 2023.
German Economic Slump Milder Than Forecast
The German economy will shrink by 5.2% this year, according to Ifo, less than its forecast in the summer of a 6.7% contraction.