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News Highlights : Top Global Markets News of the Day

11/27/2020 | 01:16am EST
Stock Futures Waver in Muted Holiday Trading 
 

U.S. stock futures drifted higher, with investors anticipating a quiet day of trading on Thanksgiving.

 
China's Industrial Profit Accelerated in October 
 

China's industrial profit erased coronavirus-induced losses and posted growth in the first 10 months of the year, official data showed Friday, as the world's second-largest economy continued to recover.

 
The Dollar Is Weak. Investors Bet It Will Slide Even More. 
 

The U.S. dollar this week hit its lowest levels against a basket of currencies in more than two years. Investors and analysts think it has further to fall.

 
China Set to Slap Anti-Dumping Duties on Australian Wine 
 

China's commerce ministry said that it will impose temporary anti-dumping duties on imports of Australian wines after launching a probe in August.

 
U.S. Airports See Busiest Travel Day Since March 
 

More than 1 million travelers were screened at U.S. airports Wednesday, marking the busiest air-travel day since the start of the Covid-19 pandemic in mid-March.

 
Fed Signals New Guidance Coming on Asset-Purchase Program 
 

Officials this month discussed plans to provide more information about how long they will keep purchasing Treasury and mortgage-backed securities by linking the time frame for the stimulus program to economic conditions.

 
U.S. Consumer Spending Grows for Sixth Straight Month 
 

Americans' spending rose briskly in October while their income fell sharply, adding to other mixed signals about the strength of the economic recovery.

 
Japan's Stock-Playing Central Bank Racks Up $56 Billion Gain 
 

The Bank of Japan under Gov. Haruhiko Kuroda scored after boosting investments at the stock-market bottom, but some have started saying he shouldn't play the market so much.

 
German Consumer Mood Set to Decline 
 

German consumer confidence is set to fall in December, with the latest GfK index hitting a below-forecast -6.7.

 
Bund Yields to Rise in 2021 as Economy Recovers 
 

Yields on German government bonds are expected to rise next year as availability of Covid-19 vaccines enables the eurozone economy to recover.

(END) Dow Jones Newswires

11-27-20 0115ET

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