News Highlights: Top Global Markets News of the Day

S&P 500 Hits Record as Mixed Economic Data Lift Stocks

U.S. stocks edged higher after data showed another leap in consumer prices and a continuing recovery in the labor market as the economy emerges from the Covid-19 pandemic.

U.S. Budget Deficit Grew to $2.1 Trillion in First Eight Months of Fiscal Year

Federal spending continued to outpace tax receipts that are rising as the economy recovers from the damage inflicted by the Covid-19 pandemic.

Stepping Through Inflation's Looking Glass

It is easy to see where inflation is. Where it is going, not so much.

Which Higher Prices Are Here to Stay?

Prices are surging for many household expenses as the pandemic eases and the economy reopens, but some increases may just be a return to normal.

U.S. Lifts Some Iran Sanctions Amid Stalled Nuclear Talks

U.S. officials say the action, which comes amid stalled nuclear negotiations, signals Washington's commitment to easing a broader pressure campaign if Tehran changes its behavior.

Jobless Claims Fall to Another Pandemic Low

New filings declined to 376,000 last week, with employers becoming less likely to lay off workers as the U.S. economy rebounds.

Accelerating Oil Demand Will Shrink Global Glut, OPEC Says

The rebound in global oil demand is set to accelerate in the second half of 2021 as the world continues to burn through the supply glut it accrued last year, the Organization of the Petroleum Exporting Countries said.

Bank of Canada: Economy Recovering Largely as Expected

The Canadian economy is recovering largely as anticipated and should see a strong rebound over the summer as the vaccine rollout continues and economic restrictions are lifted, a Bank of Canada official said Thursday.

ECB to Keep Monetary Stimulus in Place

The central bank, which upgraded its economic outlook for the eurozone, signaled a possible divergence with the Federal Reserve, which could begin discussing an eventual wind-down of its easy-money policies next week.

Chinese Police Arrest 1,100 People for Crypto Money Laundering

The crackdown on illegal activities comes amid an effort by Chinese authorities to restrain cryptocurrency trading and mining. It follows broader efforts to guard against financial risk and reduce energy consumption in the country.


  (END) Dow Jones Newswires
  06-10-21 1915ET
  Copyright (c) 2021 Dow Jones & Company, Inc.

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