|Real-time Estimate - 11/24 04:27:46 pm|
News Highlights: Top Global Markets News of the Day
|10/29/2020 | 06:16am|
Stock Futures Point to Recovery Ahead of Busy Earnings Day
S&P 500 is poised to claw back losses from this week as investors await guidance from technology giants including Apple, Amazon.com, Facebook and Alphabet.
Resurgent Coronavirus Threatens U.S. Jobs Recovery
A rise in coronavirus infections is threatening to further slow the U.S. jobs recovery, which has lost momentum in recent months.
Recovery In Eurozone Confidence Stalled In October
The revival in confidence among eurozone businesses and consumers stalled in October as a surge in coronavirus infections led governments to impose tougher restrictions on households and firms.
Economy Likely Recovered Significant Ground in Third Quarter
The U.S. economy likely grew at a record pace, recovering significant ground it lost earlier in the pandemic, but analysts still project it will end 2020 smaller than a year earlier.
Bets on Biden-Led Stimulus Fuel Outperformance by Small Stocks
Small stocks are outpacing larger companies by the greatest amount in years so far this month, underscoring investors' bets on Democrats gaining control in Washington and ramping up spending to support the economy.
Pelosi Says Details of Coronavirus Package Could Change After Election
House Speaker Nancy Pelosi said the coronavirus relief plan she has been discussing with the White House could morph in the lame-duck session of Congress, absent any formal agreement on details and shifting incentives for both parties after the election.
German Jobless Claims Fall in October, Beating Expectations
German jobless claims fell again in October, dropping much faster than analysts had expected and providing further evidence of the recovery of the German labor market.
BOJ Stands Pat, Says Japan's Economy Recovering Gradually
The Bank of Japan kept monetary policy unchanged and maintained its view that the Japanese economy is gradually recovering from the impact of the coronavirus pandemic.
China's Strengthening Currency Is Increasingly Outside Beijing's Control
The Chinese yuan has strengthened this year, and the country's central bank seems to be trying to slow the rise. But having ceded a portion of the currency's control to international markets, there's less they can do this time around.
Samsung Wrestles With Death, Taxes and Dividends
A record inheritance tax bill for the Lee family following the death of Chairman Lee Kun-hee could mean higher dividends are on the way.
(END) Dow Jones Newswires