DJ News Highlights: Top Global Markets News of the Day
Ninety-four members belong to the party that won their state's presidential contest. With more voters siding with a single party, it may mean many lawmakers have less flexibility to make deals with the opposing party.
The S&P 500 and Nasdaq rose to new highs after filings for U.S. unemployment benefits showed a decline from the previous week, with investors watching for signs that the economic recovery remains under way.
Kuaishou is the latest in a series of hot Hong Kong initial public offerings, with shares nearly tripling.
The Treasury Department, SEC and other regulators discussed market functionality and recent trading practices in equity, commodity and related markets.
Indonesia posted its first annual contraction in 2020 since 1998, as the impact of the Covid-19 pandemic weighed.
Jobless claims fell for the third straight week. While still elevated, the latest report is a sign that layoffs have started to ease following an increase in early January.
Before the pandemic, low joblessness boosted prosperity without overheating the economy and igniting inflation. Getting back there is the top economic aim of the Fed and White House. "The longer that you allow that high unemployment to fester, the more scarring it has."
Officials held their benchmark interest rate steady at 0.1%, echoing the wait-and-see stance of other major central banks.
Treasury Secretary says President Biden wants to advance a new coronavirus relief package with bipartisan support but that the administration must act forcefully with a deal that supports families and businesses.
Average daily trading volume on Tradeweb's online bond trading platform topped $1 trillion in January. Other firms are also seeing a surge in trading.
(END) Dow Jones Newswires
February 04, 2021 23:00 ET (04:00 GMT)
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