News Highlights: Top Global Markets News of the Day

Stock Futures Edge Lower, Chinese Indexes Fall

U.S. stock futures crept down following another day of losses in China and Hong Kong, where indexes were hit by fears around an economic slowdown and debt problems with giant property developer Evergrande.

Jobless Claims Likely Remained Near Pandemic Low

Economists expect a Labor Department report to show initial unemployment claims rose only slightly to 320,000 last week despite the impact of the Delta variant on the economy.

U.S. Retail Sales Likely Hit by Delta, Product Shortages

Retail sales likely fell for the second straight month in August, according to economists, as product shortages and the Delta variant prevented many Americans from spending.

Detroit's Hopes to Be Valued More Like Tesla Hit Roadblocks

The pandemic has shown that old-school car stocks like GM and Volkswagen are still driven more by sales than high- profile technology developments

Rising Shipping Costs Are Companies' Latest Inflation Riddle

From Michelin tires to Pampers diapers, transportation expenses are working their way through global supply chains.

Elizabeth Warren Calls On Fed Banks to Bar Leaders From Stock Trading

The senator sent letters to the 12 regional Fed presidents asking them to ban ownership of individual stocks among top officials at their banks.

FTC Moves Toward Stricter Antitrust Scrutiny of Vertical Mergers

The FTC, by a 3-2 vote along partisan lines, withdrew guidelines adopted just last year on how the government reviews mergers of companies that don't directly compete with one another.

U.S. Pandemic Aid Kept Millions Out of Poverty in 2020

The sweeping assistance Congress provided earlier in the crisis, including stimulus checks, prevented millions of Americans from slipping beneath the poverty line during the economic fallout from Covid-19, federal data show.

Evergrande's Woes Fuel Selloff in Chinese Property Shares

A selloff in Chinese property stocks intensified, as concern mounted about the effects of an official campaign to rein in the sector.

Eurozone Exports Rise in July

Eurozone exports rose 1% in July after six consecutive monthly falls, signaling that international goods trading was on a weak footing despite the easing of most coronavirus-related restrictions.

  (END) Dow Jones Newswires
  09-16-21 0715ET
  Copyright (c) 2021 Dow Jones & Company, Inc.

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