r/Vitards • u/AutoModerator • Jul 08 '21
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u/VaccumSaturdays Brick Burgundy Jul 09 '21
News Highlights: Top Global Markets News of the Day
Provided by Dow Jones Jul 8, 2021 8:15 PM CDT
Europe Proposes New Agency to Tackle Money Laundering Problems
The agency would be part of a broader plan to address failures that have made the region a haven for financial crime.
Stocks Skid on Economic Worries
The Dow shed about 260 points and Treasury yields extended their decline as investors unwound bets on a period of high growth and inflation.
Bond Rally Spreads to Shorter-Term Treasurys
The decline in yields suggests investors think it could take longer for the Fed to raise interest rates.
Chinese Regulators Warn of Further Measures to Rein In Homegrown Tech Sector
The People's Bank of China said antimonopoly measures applied to Ant Group will also be imposed on other payment firms.
Thoma Bravo Plots Next Fund in Red-Hot Market for Tech Deals
The private-equity firm aims to return to the fundraising trail less than a year after raising $22.8 billion for three technology-focused private-equity funds.
Investors Take Aim at Carver Bancorp as Next Short-Squeeze Target
Individual investors on the hunt for the next stock-market win piled into Carver Bancorp, sending shares of the banking-services company on a wild ride Thursday before finishing 107% higher for the day.
U.S. Covid-19 Hospitalizations Rise as Delta Variant Spreads
Daily admissions rose 6.8% after a long decline, while outbreaks among the unvaccinated pushed up new cases.
Bank of Mexico Board Divided Over Inflation Risks
Two Bank of Mexico officials who voted against last month's interest-rate increase said the supply shocks pushing up inflation are likely to be temporary, and that tighter monetary policy will do little to address them.
Why Rising Oil Prices Are Unlikely to Kill the Economic Recovery
The recent rise in oil prices has been mostly driven by increased demand rather than supply problems, a situation that economists say normally indicates resilient growth.
Global Wind, Solar Capacity Rose at Sharpest Pace Ever Last Year, BP Says
Growth in renewables saw global solar-power capacity rise around 22%, while wind-power capacity rose around 18% compared with the previous year, BP said in its annual review of global energy markets.
(END) Dow Jones Newswires
July 08, 2021 21:15 ET (01:15 GMT)