DJ News Highlights: Top Global Markets News of the Day
In addition to this week's economic calendar, Capitol Hill will be closely monitored for the latest on U.S. fiscal policy.
A booming rally in oil markets has pushed crude prices to their highest levels since near the start of the pandemic, powered by production curbs and recovering demand.
The coronavirus pandemic hasn't decimated state and local government revenues, as many feared early last year. But costs are rising, opening budget holes that must be filled.
The economic-growth outlook for China remains fragile, with a tepid job market and lagging consumer confidence weighing on hopes for sustained growth in 2021.
A core principle of market regulation is transparency-give investors information and let them decide. The GameStop drama was nothing if not transparent.
U.S. stocks edged higher, giving the S&P 500 a 4.6% rise for the week as investors anticipated fresh stimulus spending and the labor market's recovery.
The small gain returned growth to the labor market after a one-month dip. The unemployment rate fell to 6.3%.
Democrats are moving forward without Republican support for the $1.9 trillion package.
Exports of goods to China rose 17.1% last year, as the Biden administration looks to reframe economic relations with the world's No. 2 economy.
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
(END) Dow Jones Newswires
February 07, 2021 23:00 ET (04:00 GMT)
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