News Highlights: Top Global Markets News of the Day

Stocks Finish Lackluster Week With a Down Day

U.S. stocks fell and bond yields rose as new data on consumer sentiment was slightly below expectations, raising fresh questions about the pace of economic growth and the inflation outlook.

U.S. Consumer Sentiment Stalled in Early September

Sentiment among U.S. consumers remained broadly unchanged in early September, staying at subdued levels after August's big drop triggered by the increase in Covid-19 cases.

Democrats Seek Backup Plan on Taxing Capital Gains

Opposition from some Democrats to a White House plan to tax unrealized capital gains at death has pushed the party to look for alternative methods of collecting additional taxes from wealthy Americans' appreciating assets.

U.S. Oil-Rig Count Rises by 10 in Latest Week, Baker Hughes Says

The number of rigs drilling for oil in the U.S. climbed by 10 in the latest week to 411, according to oil-field services company Baker Hughes.

Another Trade War, Another Stalemate?

World trade is already struggling with high shipping costs and shuttered Asian factories. That might not prevent another ramp up in Sino-American trade tensions

Lockdowns in Asia Deepen Commodity Supply-Chain Pain

The recent surge in Covid-19 cases in Southeast Asia has throttled ports and locked down plantations and processors, sparking extended disruptions of raw materials such as palm oil, coffee and tin.

Hong Kong Considers Allowing SPAC Listings

Permitting blank-check companies would set up a competition with regional rival Singapore, which recently moved to allow such listings, and exchanges in New York.

Energy Price Crunch Pushes Investors in Europe to Bet on Inflation

The rise in investors' fears about inflation in recent weeks is in contrast to the U.S. where a similar gauge has been relatively stable.

China Link Gives Hong Kong a Boost in Bond Trading

The southbound Bond Connect is the latest example of how Beijing is supporting Hong Kong as a financial hub, even as it asserts tighter political control.

Why Free Trading Will Never Be Free

Some brokerage customers aren't happy that Robinhood and its rivals sell their orders. Even if regulators ban that practice, there are other ways no-commission brokerages can make money from your trades.

  (END) Dow Jones Newswires
  09-17-21 1715ET
  Copyright (c) 2021 Dow Jones & Company, Inc.

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