European Shares Gain on Vaccine Progress
European stocks rose, buoyed by optimism that vaccines will end the coronavirus pandemic as well as signs of an orderly transition in the U.S.
Trump Clears Way for Biden Transition Process to Begin After Weeks of Delay
The president said his administration would cooperate with President-elect Joe Biden's transition to the White House, ending a delay that had come under increasing criticism from members of both parties.
Biden Picks Janet Yellen for Treasury Secretary
President-elect Joe Biden plans to nominate former Federal Reserve Chairwoman Janet Yellen, an economist at the forefront of policy-making for three decades, to become the next Treasury secretary.
Germany's Second Lockdown Takes Toll on Business Mood
German business sentiment fell for the second consecutive month in November, with the Ifo index edging down to 90.7 points, slightly below forecasts.
German GDP Rebound Revised Up
Germany's gross domestic product grew 8.5% in the third quarter, an upward revision on the first estimate and better than economists' forecasts.
RBA Expects Uneven Recovery Despite Likely Release of Covid-19 Vaccine
The Reserve Bank of Australia expects likely release of a Covid-19 vaccine in the coming months to boost confidence and investment, although recovery will be uneven and monetary and fiscal stimulus will need to remain in place for some time.
U.S. Hospitalization Count Continues to Climb
The U.S. registered a record number of hospitalizations for the 13th straight day. Meanwhile, new U.S. coronavirus cases totaled 142,732 Sunday, but weekend counts are generally lower than midweek ones. It marked a record for a Sunday.
CFTC Report on Negative Oil Prices Leaves Key Questions Unanswered
A long-awaited Commodity Futures Trading Commission report into the collapse of crude-oil futures to minus $40 a barrel in April has declined to identify a reason for the crash, prompting criticism from one of the agency's own commissioners.
The Pandemic Reveals Economic Costs of Patchwork Welfare Systems
Hong Kong intends to pay people who receive a positive Covid-19 diagnosis, the latest example of income-support systems with too many holes being improved.
Government, Bank of Canada Helped Avoid Financial System Stress, Official Says
Government and central bank policies such as emergency income support and financial market interventions so far have kept the pandemic-induced downturn from creating broad stress across the country's financial system, the Bank of Canada's Toni Gravelle said.
(END) Dow Jones Newswires
11-24-20 0515ET
