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News Highlights: Top Global Markets News of the Day

11/23/2020 | 05:16pm EST
Janet Yellen Is Biden's Pick for Treasury Secretary 
 

President-elect Joe Biden plans to nominate former Federal Reserve Chairwoman Janet Yellen, an economist at the forefront of policy-making for three decades, to become the next Treasury secretary.

 
Dow Rises on Covid-19 Vaccine Results 
 

The blue-chip index climbed after promising results on a Covid-19 vaccine bolstered hopes for an economic rebound in 2021.

 
U.S. Economic Activity Picks Up on Postelection Lift, Vaccine Results 
 

The U.S. economy continues to recover from the downturn caused by the pandemic, according to business surveys that show services and manufacturing activity growing, while surveys show the European economy is set for a fresh contraction in the final quarter of 2020.

 
Government, Bank of Canada Helped Avoid Financial System Stress, Official Says 
 

Government and central bank policies such as emergency income support and financial market interventions so far have kept the pandemic-induced downturn from creating broad stress across the country's financial system, the Bank of Canada's Toni Gravelle said.

 
Asia's Hydrogen Fuel Future May Be Coalescing 
 

There is still a long way to go for hydrogen to justify the hype as the next big thing in transportation. But Asia may hold the key to any eventual success.

 
Bitcoin Trades Near Record, Finds New Audience 
 

The cryptocurrency has attracted a broad array of investors, including the Wall Street billionaires Paul Tudor Jones and Stanley Druckenmiller as well as sports radio host Gregg Giannotti.

 
Vaccines Won't Save Eurozone From Double-Dip Recession 
 

Positive clinical-trial results have cheered markets, but the economy faces a tough winter ahead before a shot becomes widely available

 
Derby's Take: Treasury Move on Emergency Lending Unsettles Stimulus Debate 
 

The Treasury Department's surprise move to end emergency-lending efforts done jointly with the Federal Reserve has rattled an already uncertain outlook for what the central bank might do to help the economy.

 
Trump's China Blacklist Sparks Reviews at Index Compilers 
 

FTSE Russell, JPMorgan Chase and MSCI are rethinking their stance on securities from companies that the U.S. government says help the Chinese military.

 
AstraZeneca-Oxford Vaccine Up to 90% Effective in Trials 
 

The success of the vaccine being developed by the University of Oxford and AstraZeneca bodes well for the near-term availability of a third treatment for Covid-19, joining those from Moderna as well as Pfizer and BioNTech.

(END) Dow Jones Newswires

11-23-20 1715ET

Stocks mentioned in the article
ChangeLast1st jan.
ASTRAZENECA PLC -0.01% 7650 Delayed Quote.4.45%
BIONTECH SE 2.13% 105.43 Delayed Quote.29.33%
BITCOIN - EURO 1.63% 26037.55 Real-time Quote.24.45%
BITCOIN - UNITED STATES DOLLAR 1.49% 31614.05 Real-time Quote.23.17%
JPMORGAN CHASE & CO. -0.84% 134.83 Delayed Quote.7.00%
MODERNA, INC. 6.27% 132.98 Delayed Quote.27.29%
PFIZER INC. -0.05% 36.48 Delayed Quote.-0.90%
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