DJ News Highlights: Top Global Markets News of the Day
Key details of former President Donald Trump's impeachment trial and the Biden administration's $1.9-trillion relief bill are still being completed.
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 cryptocurrency that began in 2013 as a joke is suddenly worth a total of more than $6 billion.
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.
(END) Dow Jones Newswires
February 08, 2021 01:00 ET (06:00 GMT)
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