News Highlights: Top Global Markets News of the Day

Stocks End Higher Ahead of Stimulus Talks Deadline

The Dow and S&P 500 ticked up ahead of House Speaker Nancy Pelosi's deadline for Congress to reach an agreement on a spending package to support American households and businesses.

Coronavirus Stimulus Talks to Continue

White House and Democratic negotiators said they would press ahead with efforts to reach a sweeping coronavirus relief deal after making progress Tuesday.

Former RBA Board Member Urges Stepped Up Bond Buying

Former Reserve Bank of Australia board member John Edwards has urged the central bank to ramp up government bond buying, saying it is the best option for further supporting the economy as it tries to shake off the Covid-19 recession.

Chicago Fed's Evans Says More Fiscal Aid Important for Healthy Recovery

Chicago Federal Reserve Bank President Charles Evans said Tuesday he sees a healthy recovery for the U.S. economy, but added that its vigor still depends on more government aid.

Moody's Downgrades U.K. Banks

Moody's Investors Service downgraded the credit ratings of three U.K. banks following a cut to the nation's sovereign debt rating last week.

Many Workers Gave Up Looking for Jobs in September

Workers stopped searching for jobs across the U.S. in September, with the size of the labor force shrinking in more than half of the 30 states in which unemployment rates fell last month.

Fed Official Says Market Turmoil Triggered by Covid-19 Revealed Fragile Nonbank System

The market turmoil triggered by the pandemic early this year uncovered weaknesses in the U.S. financial system that regulators are seeking to fix, said Randal Quarles, the Fed's vice chairman for supervision.

U.S. Housing Starts Resume Their Upward Trajectory in September

Construction of new homes in the U.S. increased in September after declining the prior month, signaling continued strength in the housing market, data from the Commerce Department showed.

Europe's Riskiest Countries Find Debt Markets Wide Open

Greece's borrowing costs shrank to the tightest point relative to Germany since 2009, a flashback to before last decade's debt crisis exposed fault lines across the Continent.

New U.S. Coronavirus Cases March Higher

The U.S. reported more than 58,000 new coronavirus infections, continuing an upward trend that has prompted further restrictions in the Midwest, as the national death toll exceeded 220,000.


  (END) Dow Jones Newswires
  10-20-20 2315ET
  Copyright (c) 2020 Dow Jones & Company, Inc.

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