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News Highlights : Top Global Markets News of the Day

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12/09/2019 | 07:16pm EST
Trump Upbeat on Trade Deal With Mexico, Canada 
 

President Trump reported significant progress on reaching a deal with House Democrats and Mexican officials on a revised version of a new North American trade pact.

 
RBA Gov Expects Consumers to Spend Income Boost 
 

Reserve Bank of Australia Gov. Philip Lowe says he remains confident that consumers will throw off recent gloominess and begin to spend the income boost that has flowed from tax cuts and interest rate reductions.

 
Sitting Still Will Be Hard for the Fed 
 

The Federal Reserve is expected to stand pat next year after a tumultuous 2019, but it may not be able to do so.

 
U.S. Stocks Slip as Trade War Weighs on Chinese Exports 
 

U.S. stocks fell after fresh economic data showed a sharp decline in Chinese exports to the U.S., highlighting the impact of the trade war between the world's two largest economies.

 
As Tariff Deadline Looms, Investors' Other Worries Fade 
 

Investors are anxiously waiting to see whether a new round of tariffs on Chinese consumer goods takes effect next week-one of the few remaining hurdles for the stock market in 2019.

 
PG&E High-Interest Bonds Gyrate After Fire Victim Settlement 
 

Prices of PG&E's high-interest bonds dropped on the first trading day since the bankrupt California utility announced a settlement with wildfire victims that has weakened efforts by bondholders to take over the company.

 
Warm Winter Weather Prompts Lower Natural Gas Price Forecasts 
 

Natural gas prices fell Monday amid fears that warmer-than-normal winter weather won't drive enough demand for the heating fuel to counter surging output.

 
NY Fed Survey Finds Inflation Expectations Rise, Spending Plans Drop 
 

Households marked up their expectations of future inflation in November, even as they signaled plans to cut back on their spending.

 
Opposing Sides Make Their Impeachment Arguments in House 
 

Democrats and Republicans laid out their opposing cases in a hearing of the House Judiciary Committee, which is expected to release and vote on articles of impeachment for President Trump as soon as this week.

 
'The WTO Is in Crisis': Dispute Puts Global Trade Regulator at Risk 
 

A stalemate between the U.S. and other members of the World Trade Organization, including the European Union and China, stands to cripple the organization's top court, threatening the global body's survival.

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