Nasdaq Rises 1%; Bond Yields Decline
The Nasdaq Composite climbed 1%, lifted by gains in investor darling Nvidia. The Nasdaq was trailed by the S&P 500, which added 0.4%. The Dow industrials fell 0.3%.
U.K. Inflation Rebounds Above Bank of England Target
The annual rate of inflation rose above the BOE target in October, a move that was expected by policymakers, who have said they would cut their key rate only gradually.
Indonesia's Central Bank Extends Pause on Rate Cuts
The Indonesian central bank held its benchmark seven-day reverse repo rate at 6.00%, a decision that economists had widely expected in light of the rupiah's recent depreciation against the dollar.
Japan Exports Rebound But Outlook Remains Cloudy After Trump Re-Election
Japan's exports rebounded in October but there are doubts if exports will keep strengthening amid uncertainties surrounding the global economy and U.S. trade policy.
American Companies Are Stocking Up to Get Ahead of Trump's China Tariffs
Businesses plan to stockpile, raise prices and accelerate the shift to manufacturing elsewhere.
China Holds Benchmark Lending Rates Steady
Major Chinese lenders kept 1-year and 5-year loan prime rates steady at 3.1% and 3.6% respectively.
Panel Urges U.S. Action on China. What It Could Mean for Shein, Iran, and Trade.
A report from the U.S.-China Economic and Security Commission underscored the increased scrutiny of ties that lies ahead as the Trump administration prepares to take power.
Canada Inflation Edges Up to 2% in October
The slight acceleration in prices-still within the Bank of Canada's target range-diminishes the chance of another jumbo interest rate cut in December.
Why the Fed's December Decision Just Got Complicated
There's a growing divide between the bulk of the economy that has sailed smoothly through the central bank's anti-inflation campaign and the important corners of the landscape that haven't.
EU Approaches a Forced Labor Ban
The bloc's ban, which doesn't target any particular country, won't come into effect for years.
(END) Dow Jones Newswires
November 20, 2024 03:00 ET (08:00 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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