DJ News Highlights: Top Global Markets News of the Day
The small gain returned growth to the labor market after a one-month dip. The unemployment rate fell to 6.3%.
U.S. stocks edged higher, suggesting that the market will end the week up more than 4% on investors' anticipation of fresh stimulus spending and labor market's recovery.
President Biden met with top House Democrats who will soon advance his $1.9 trillion Covid-19 relief package, after the Senate approved a budget plan for the legislation, as lawmakers wrestled over details of the proposed minimum-wage increase and stimulus checks.
Investors have unwound bets on the likelihood of the BOE establishing negative interest rates and some speculate the central bank may rein in monetary stimulus prematurely.
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.
The day-trading frenzy firing up stocks like GameStop benefits from capital provided by a growing number of teen investors. 'You have to be willing to lose it all.'
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.
(END) Dow Jones Newswires
February 05, 2021 13:00 ET (18:00 GMT)
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