News Highlights: Top Global Markets News of the Day

U.S. Stock Futures Hover After S&P 500 Hits Record

U.S. stock futures were little changed a day after the S&P 500 nudged up to a fresh record as investors weighed rising inflation against evidence of a healing labor market.

Bipartisan Group of Senators Reaches Agreement on Infrastructure Proposal

The group is pitching the plan, to be paid for without tax increases, to other lawmakers and the White House as they try to craft a compromise on the issue.

U.K. Economy Grew 2.3% in April

The U.K. economy expanded in April at its fastest monthly pace since July 2020, as public-health restrictions eased.

Bank of Korea Chief Signals Policy Tightening

Bank of Korea Gov. Lee Ju-yeol has signaled his intention to tighten monetary policy, fueling expectations the bank will start raising rates earlier than expected-possibly this year.

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.

China Passes Law to Counter Foreign Sanctions

Beijing sets mechanisms to retaliate against Western pressure and mitigate sanctions' impact after an expedited process without public consultation.

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.

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.

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.

  (END) Dow Jones Newswires
  06-11-21 0515ET
  Copyright (c) 2021 Dow Jones & Company, Inc.

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