Stock Futures Signal Muted End to Choppy Week on Wall Street

Investors are awaiting data on U.S. retail sales and industrial production, as well as earnings from State Street and Bank of New York Mellon. 


 
U.S. New Coronavirus Cases Top 60,000 for First Time in Months

More than half a dozen states reported record numbers of new Covid-19 infections as the nation's total approached eight million. 


 
Retail Spending Likely Rose in September

Consumers prepared for further months of working and studying from home by spending at home-improvement stores and on appliances and vehicles. 


 
Individual-Investing Boom Fuels Trading in Low-Price Stocks

Trading in speculative stocks with low share prices has surged this year, fueled by a huge influx of individuals using zero-commission investing apps and online brokerages 


 
Global Auto Markets Begin to Emerge From Pandemic Slowdown

New-car sales in Europe rose last month for the first time this year, a sign that the global auto industry is slowly beginning to pull out of its worst slump in decades. 


 
China's Economic Squeeze on Australia Extends to Cotton

China's top economic-planning body is targeting Australian cotton, Australian industry groups say, the latest escalation in the countries' diplomatic and trade row. 


 
White House Agrees to Democrats' National Coronavirus-Testing Strategy

During a nearly 90-minute conversation with House Speaker Nancy Pelosi on Thursday afternoon, Treasury Secretary Steven Mnuchin said he would accept the Democratic coronavirus testing plan with minor edits. 


 
Fed's Daly Calls for More Fiscal Aid

Federal Reserve Bank of San Francisco leader Mary Daly said Thursday that while the outlook for the economy remains uncertain, she believes central bank policy is well situated to help assist the recovery. 


 
Glynn's Take: RBA Set for Multi-Pronged Policy Easing in November

The Reserve Bank of Australia may go all in at its policy meeting early next month and likely cut its official cash rate to near zero, lower its target for 3-year government bond yields, and announce a substantial quantitative easing program for the first time in its history.

(END) Dow Jones Newswires

10-16-20 0715ET