S&P 500 Futures Show Benchmark Shuffling to Record High

The broad U.S. stocks benchmark has crept higher for three straight weeks and is now just short of the all-time high notched in February. 


 
U.S. Coronavirus Death Toll Tops 170,000

The U.S. death toll from the coronavirus pandemic passed 170,000, while the number of new cases declined, reaching their lowest daily level since June 29. 


 
Economy Week Ahead: U.S. Initial Jobless Claims, Existing-Home Sales

Unemployment and housing data will offer new insight into how the U.S. economy is recovering from the coronavirus pandemic. 


 
Japan's Economy in Deep Hole After Second-Quarter Plunge

The Japanese economy shrank less than the U.S. and European economies did in the April-June quarter, but it fared worse than Asian counterparts. 


 
Indian Miner Offers Over 13% Yield to Sell Junk Debt

An Indian commodities giant is preparing to pay one of the highest yields on a dollar bond in emerging markets this year, showing there are still pockets of stress in the credit markets despite a dramatic wider recovery. 


 
China PBOC Injects $101 Billion Liquidity via Medium-Term Lending Facility

China's central bank injected liquidity into the banking system via its medium-term lending facility while keeping its interest rate unchanged, which could pave the way for lower benchmark lending rates. 


 
Saudi Wealth Fund Moves Billions From Blue Chips to ETFs

Saudi Arabia's sovereign-wealth fund has sold shares valued at over $5.5 billion in several multinational corporations just months after buying into them as the financial fallout from the pandemic weighed on stock-market prices. 


 
U.K. Housing Market Sets Monthly Sales Records

Record-beating levels of post-coronavirus activity have been posted in the U.K. housing market, with more than $48.35 billion in sales recorded in July, according to the latest Rightmove survey. 


 
Traders Brace for Haywire Markets Around Presidential Election

The presidential election is three months away, but some traders are preparing for the possibility that prolonged political uncertainty will stoke stock-market mayhem. 


 
Washington's Threats Forced Greek Shippers to Give Iran Fuel to U.S.

U.S. threats of legal action and sanctions forced Greek shipowners to surrender Iranian fuel to the U.S. government in recent days, people familiar with the confiscation said.