European Stocks Rise Despite Underwhelming Data
European stocks rose as investors brushed off a mixed batch of purchasing managers data, with shares of sportswear makers and automakers rising.
With U.S. Covid-19 Deaths Mounting, Vaccine Regulators Face Politics
As the U.S. passed 200,000 deaths from Covid-19, regulators have grappled with politics as they work to determine how to approve and distribute a vaccine.
House Passes Short-Term Spending Bill to Keep Government Funded Through Dec. 11
The House passed a short-term spending bill keeping the government funded through Dec. 11, after Democrats reached a deal with the White House over farm aid and food assistance. The Senate is expected to vote on it this week.
Mnuchin, Powell Urge More Spending to Help Economy Recover
The U.S. Treasury secretary and the Fed chairman told lawmakers that emergency loan programs to support the coronavirus-stricken economy were largely working as intended and that more government spending would be needed to sustain the recovery.
German Consumer Mood Unlikely to Pick Up
German consumer sentiment is set to stabilize in October, following a clear downturn in the previous month, with GfK's latest sentiment index at minus 1.6 points.
China's Potential Bond Index Inclusion May Add to Upward Pressure on Yuan
China's possible inclusion in FTSE Russell's World Government Bond Index this week, along with other factors such a negative U.S. fiscal and monetary policy mix for the dollar, could add to upward pressure on the Chinese currency in the coming months.
Draft Guidelines for Covid-19 Vaccine Authorization Require Strict Review
The Food and Drug Administration has submitted a draft plan for review to Secretary of Health and Human Services Alex Azar, and the White House is also looking at it.
RBNZ on Hold But Prepared to Deploy More Stimulus
The Reserve Bank of New Zealand left its official cash rate unchanged but kept the door open to further policy easing, indicating the economic recovery from the effects of the Covid-19 pandemic is expected to be slow.
Bank of Thailand Stays on Hold
Thailand's central bank kept its benchmark interest rate unchanged at 0.50%, as the economy has shown some signs of improvement lately after being hit hard by the coronavirus pandemic.
Oil Market Flies Blind as Virus Clouds Demand Outlook
Predicting oil demand has rarely been more challenging. Energy analysts are mapping out the course of the coronavirus and efforts to stop the pandemic, as well as grappling with the effects on fuel demand of an economic downturn.