News Highlights: Top Global Markets News of the Day

U.S. Stock Futures Edge Higher to Start the Week

U.S. stock futures edged up after the S&P 500 hit another record close and notched its third consecutive week of gains.

G-7 Leaders Rally to Biden's Call to Challenge China

Leaders of the Group of Seven call on China to respect human rights but stop short of an outright condemnation of Beijing.

Economy Week Ahead: The Fed, Factories and Consumers

The Federal Reserve's policy meeting highlights this week's slate of economic news.

Markets Are Leaving Little Room for the Fed to Be Wrong on Inflation

The Fed is probably right that this burst of inflation is transitory. But investors need to pay attention to the risk that it is wrong, too.

Europe Keeps Aiding Firms to Avoid Covid-19 Insolvencies

A slower recovery is forcing the region's governments to extend loan-relief measures for already-indebted companies.

Regulators Tell Banks It Is Time to Stop Using Libor

A CFTC subcommittee told brokers they should switch from Libor to a new rate, SOFR, by late July. But not everyone thinks SOFR is the answer.

High-Speed Trader Virtu Fires Back at Critics

Scrutiny of the recent stock surges at GameStop, AMC and others has put pressure on the trading firm run by CEO Douglas Cifu.

Biotech Rally Sparked by Alzheimer's Drug Has Staying Power

Controversy surrounding Biogen's Aduhelm could ignite political firestorm over high drug prices, but investors should look past any D.C. drama.

Investors Begin to Get Picky on Manager Selection

Weak investor performance is likely to be the most common reason that investors decline to back follow-on pledges to fund managers in their portfolio, according to a survey of institutional investors conducted by Coller Capital.

Divided Pennsylvania Pension Trustees Back Off of $1.1 Billion in Private Investments

Trustees of Pennsylvania's largest public pension backed off from voting on almost $1.1 billion in new fund commitments amid disagreement over the system's leadership and its use of high-cost private investments.

  (END) Dow Jones Newswires
  06-14-21 0515ET
  Copyright (c) 2021 Dow Jones & Company, Inc.

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