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News Highlights: Top Global Markets News of the Day

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09/15/2020 | 10:16am EDT
U.S. Stock Futures Tick Up Ahead of Economic Data 

U.S. stock futures ticked up ahead of the release of industrial production data that are expected to show an increase, led by a rise in manufacturing output.

China's Economy Picks Up Speed as Shoppers, Moviegoers Return 

China's economic recovery accelerated in August, with retail sales, the last noncooperative component, returning to pre-coronavirus levels by showing their first month of growth this year.

Ernst & Young Says Auditors Should Play Bigger Role in Detecting Fraud 

Under fire for missing a suspected fraud that blew up Wirecard, Ernst & Young says auditors should play a bigger role in detecting such wrongdoing, challenging a longstanding assertion in the accounting industry.

Chinese Companies in Pentagon Spotlight Hire Global Banks to Sell Dollar Bonds 

ChemChina and Three Gorges, designated by the U.S. Defense Department as "Communist Chinese military companies," are pursuing bond deals with the help of Western banks.

The Chinese Are Spending Again 

China's consumers have emerged from their protective crouch. That removes one worry about the recovery but could stoke Sino-U.S. tensions.

Some Democrats Call for Coronavirus Stimulus Bill Before Election Day 

Many House Democrats are raising pressure on party leaders to break the logjam with the White House on coronavirus aid, eager to pass a bill before Election Day even with further concessions to Republicans.

German Stocks Show Strength in Europe's Battered Market 

German stocks have outpaced European rivals since the coronavirus-driven market selloff bottomed out in March, reflecting the advantages of strong balance sheets and exports to China.

Coronavirus Legal Fight Between Insurers and Businesses Goes Global 

A U.K. court considered whether business-interruption policies are clearly worded, Australian insurers want to know whether a 100-year-old law that no longer exists excludes the pandemic, and a French court found in favor of a restaurant owner who sued for cover over government-ordered lockdowns.

New U.S. Coronavirus Cases Fall, but Hurricane Sally Complicates Efforts in Some States 

The U.S. reported fewer than 35,000 new coronavirus cases for the second day in a row, with the storm strengthening and expected to make landfall around the Mississippi-Alabama state line early Wednesday

Calpers Weighs Curbs on Investment Chief's Personal Holdings 

Directors of the nation's largest pension fund will discuss limiting personal investments by the fund's investment chief following revelations that the former chief held shares in one of its private-equity managers.


Stocks mentioned in the article
ChangeLast1st jan.
PRIVATE EQUITY MANAGERS SA 5.43% 13.6 End-of-day quote.38.78%
WIRECARD AG -0.25% 0.5999 Delayed Quote.-99.44%
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