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News Highlights : Top Global Markets News of the Day

11/25/2021 | 07:16pm EST
Global Stocks Mixed; Bitcoin Stabilizes 

International stocks were mixed in the wake of strong U.S. labor market data and uncertainty over how long inflation will remain elevated. Bitcoin edged up but held below November's record high.

Europe's Covid-19 Surge Presents Hard Choices as Winter Nears 

As infections and deaths in the EU eclipse those in the U.S., the region is confronting an ugly reality: Taming the Delta variant is proving harder than a virus-weary continent had hoped.

Turks Abandon the Lira for Dollars as Currency Crisis Deepens 

Riot police lined the streets in parts of Istanbul as the country braced for a third night of scattered protests over President Erdogan's inability to stop a precipitous currency decline.

Bank of Mexico Minutes Show Larger Rate Increases on Radar 

Several of the central bank's members raised the possibility of considering larger interest-rate increases to rein in inflation and anchor expectations, minutes meeting earlier this month showed.

Antitrust Tech Bills Gain Bipartisan Momentum in Senate 

Support for curbing large technology companies' market power is widening in the Senate, with lawmakers in both parties endorsing new legal constraints on search engines, e-marketplaces, app stores and other online platforms.

Small Investors Keep Piling Into Flashy Growth Stocks 

Conventional wisdom says inflation, which has been rising all year, is bad for growth and technology stocks, but AMD, Nvidia and Apple still hold appeal for many individual investors-even as Wall Street pros' focus shifts.

When Will Shortages End? Here's Why Forecasts Are Often Wrong 

Bottlenecks could finally be easing, but investors should remember that individual companies tend to underestimate the scope of global supply-chain problems.

Another Reason Inflation May Be Here to Stay 

Rent rises that haven't yet been measured will filter through to higher services inflation in coming months.

Germany Sees Weaker-than-Expected  Growth 

Germany's economy grew less in the third quarter than initially reported, with the 1.7% rise in adjusted GDP slightly undershooting economists' forecasts.

Riksbank Unlikely to Raise Rates Until Late 2024 

Sweden's central bank kept its key repo rate at 0%, as expected, and indicated that a first rate hike will likely come toward the end of 2024.

(END) Dow Jones Newswires

11-25-21 1915ET

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