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  • U.S. Personal Spending +1.0% in June -- Update

    U.S. households boosted spending by 1% in June as consumers shelled out more on services at the start of the summer, but a current upswing in Covid-19 cases related to the Delta variant is injecting uncertainty into the economic outlook. Personal-consumption expenditures--a measure of household spending on goods and services--increased last month, the Commerce Department reported Friday, beating economists' expectations for a 0.7% rise. That followed a downwardly revised...

  • U.S. Personal Spending +1.0% in June

    U.S. household spending rose 1% in June and income increased slightly, but a jump in Covid-19 cases is clouding the economic outlook.

  • China's Tech Regulator Urges Internet Companies to Step Up Risk Assessment

    China's Ministry of Industry and Information Technology, the country's main technology sector regulator, urged internet companies to step up risk assessment and management of exporting essential data at a meeting on Wednesday, according to a notice on the ministry's website on Friday. Authorized by the ministry, the Internet Society of China, a state-backed industry group, convened a study session on implementing China's Data Security Law, with representatives from 12...

  • EUROPEAN MIDDAY BRIEFING: Stocks Fall as Investors Take Risk-Off Stance

    European stocks fell Friday as investors took a risk-off stance across global equity markets. The monthslong rally in U.S. stocks has grown fragile in recent weeks on signs that the pace of economic growth may be slowing and snarls in the global supply chain for goods are persisting. Lingering concerns over China's clampdown on its internet and technology businesses as well as lofty expectations for corporate earnings has weighed on sentiment this week.

  • North American Morning Briefing: Stock Futures Slide, Led Lower by Tech

    Personal Income& Outlays for June; U.S. Employment Cost Index for 2 Q; U.S. Chicago Business Barometer for July; U.S.

  • China Pledges to Maintain Stability of Macro Policy

    China's economic recovery isn't solid and remains uneven, a top decision-making body of the ruling Communist Party said Friday, vowing to keep economic operations "within a reasonable range" and maintain stability in macroeconomic policies for this year and next. The Politburo said it will aim to keep liquidity reasonably ample, stabilize the Chinese yuan and maintain steady commodity prices, state news agency Xinhua reported. The government will roll out rules on cuts to...

  • News Highlights: Top Global Markets News of the Day

    Stock Futures and Global Indexes Decline. U.S. stock futures and international indexes fell on the final trading day of the week after economic data on Thursday suggested that growth was set to slow. Import Surge Overwhelms Warehouse Space Near Ports.

  • Taiwan's Second-Quarter GDP Jumped, Despite Local Covid-19 Resurgence

    Taiwan's gross domestic product jumped 7.47% in the second quarter, slightly easing from an 8.92% rise in the first three months of the year, preliminary data showed. The latest data keeps Taiwan among the world's best-performing economies so far this year, even as a recent Covid-19 resurgence in the island led to tightened restrictions. The rise has been driven by the strong expansion in domestic production and better-than-expected exports, even though the local outbreak in...

  • Italian Economy Rebounded in 2Q, Beating Forecasts

    Italy's economy grew in the second quarter on the back of a gradual easing of pandemic restrictions. The eurozone's third-biggest economy grew 2.7% on quarter, following a revised figure of 0.2% growth in the first quarter, the Italian statistics agency Istat said Friday in a first estimate for the period. Economists polled by The Wall Street Journal had forecast a 1.3% expansion.

  • News Highlights: Top Global Markets News of the Day

    Stocks Close Higher After GDP Data. Share benchmarks edged up after fresh data on economic growth and the labor market provided insight into the state of the recovery, amid a flurry of corporate results. Import Surge Overwhelms Warehouse Space Near Ports.

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