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News Highlights : Top Global Markets News of the Day

08/01/2021 | 09:16pm EDT
Senators Push to Wrap Up Bipartisan Infrastructure Bill This Week 
 

The $1 trillion measure's fate in the House will be tied to that of a much larger package of Democratic climate and anti-poverty priorities that Republicans oppose.

 
Economy Week Ahead: Factories, Trade, Employment 
 

The U.S. employment report for July is the focus of this week's economic indicators.

 
U.S. Stocks Slide After Strong Month of Gains 
 

U.S. stocks edged lower, although major indexes held on to their gains for the month.

 
Heavyweight Companies Enjoy Outsize Rewards as Economy Rebounds 
 

Corporate titans raced ahead during the pandemic, and they are extending that lead over smaller rivals as the rich world bounces back.

 
Investors Bet Price Pressures Will Ease 
 

Inflation has vexed money managers this year, yet markets are starting to signal that investors may be growing less fearful of price trends.

 
Reduction in Fed's Asset Purchases Might Not Spark 'Taper Tantrum' 
 

Research suggests the pace of asset purchases matters less than the ultimate size of Fed's bond portfolio.

 
Fauci Warns on Covid-19 That 'Things Are Going to Get Worse' 
 

The Biden administration's chief medical adviser points to the more contagious Delta variant and a surge of new cases.

 
A Popular Bet on Chinese Growth Is Falling Out of Favor 
 

China's role as a key driver of the Australian dollar is being re-evaluated in global markets, helping send the currency to levels well below where traditional modeling suggests it should be.

 
Fed's Brainard Says Labor Market Hasn't Satisfied Goals for Reducing Bond Purchases 
 

Fed governor Lael Brainard says the labor market is, however, on track to reach a key threshold around the end of the year.

 
Household Spending Rose in June, Before Delta Upswing 
 

While some local governments and businesses reinstate Covid-19 rules, economists expect consumers to continue opening their wallets.

(END) Dow Jones Newswires

08-01-21 2115ET

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