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DJ News Highlights: Top Global Markets News of the Day

· 02/05/2021 09:00
India Central Bank Keeps Key Lending Rate UnchangedPartisan Pressures Weigh Heavily as Senate Looks for Covid-19 Relief DealRegulators Say Market Infrastructure Was Resilient in GameStop FrenzyGerman Factory Orders in December Hit by LockdownsNew U.S. Cases Edge Down but Deaths Spike on BacklogAfter the Pandemic, a Service TsunamiLed by 'Mr. SPAC,' Credit Suisse Cashes In on Blank-Check SpreeS&P 500 on Track for Best Week Since Early NovemberU.S. Trade Deficit Narrowed in December as Exports Outpaced ImportsU.S. Added 49,000 Jobs in January

U.S. employers added 49,000 jobs last month, the Labor Department said Friday, returning growth to the labor market after a one-month dip. The unemployment rate fell to 6.3%.

The U.S. posted a deficit of $66.6 billion in trade in goods and services in December, compared with a revised $69.01 billion in November.

Stock futures edged higher, suggesting that the market will end the week higher on investors' anticipation of fresh stimulus spending and labor market's recovery.

Credit Suisse is reaping the rewards from a spree of special-purpose acquisition companies. Leading the charge is a veteran banker who was among the first to bring SPACs to Wall Street 15 years ago.

Americans usually rush out to buy things after an economic slump, but this time around there could be a surge in demand for meals, entertainment and vacations

Newly reported Covid-19 cases in the U.S. were down slightly from a day earlier, but deaths hit their highest daily tally yet, as a backlog of cases in Indiana was added to the nation's total.

German manufacturing orders fell 1.9% in December, suggesting the stricter lockdown in the country and continuing restrictions across the eurozone had a negative impact on the industrial sector.

The Treasury Department, SEC and other regulators discussed market functionality and recent trading practices in equity, commodity and related markets.

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 Reserve Bank of India kept its lending rate unchanged, while saying that the outlook for growth has improved significantly.

(END) Dow Jones Newswires

February 05, 2021 09:00 ET (14:00 GMT)

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