Category: global

Stocks Lifted to Month High by US Debt Ceiling Hopes

LONDON/SINGAPORE—Global shares hit a one-month high on Friday as markets reflected increased hopes of a U.S. debt ceiling deal that could avoid a potentially calamitous default. Europe’s STOXX 600 was up 0.7 percent, while e-mini futures for the S&P 500 rose 0.2 percent, following a 0.9 percent gain for the benchmark Wall Street index overnight….


Debt Ceiling Hopes Lift Dollar to 7-Week Peak

LONDON—The U.S. dollar hit a seven-week peak on Thursday after President Joe Biden and top U.S. congressional Republican Kevin McCarthy worked towards avoiding a damaging debt default, while investors scaled back Federal Reserve easing expectations. Biden and McCarthy on Wednesday underscored their determination to strike a deal soon to raise the government’s $31.4 trillion debt…


Oil Prices Ease as All Eyes on US Debt Ceiling Talks

LONDON—Oil prices eased on Thursday as traders warily watched for signs of progress on talks to raise the U.S. debt ceiling, after surging in the previous session on optimism over U.S. fuel demand. Brent crude futures dipped 37 cents, or 0.5 percent, to $76.59 a barrel as of 0841 GMT. U.S. West Texas Intermediate crude…


Stock Market Today: Global Stocks, Wall Street Futures Rise on Hopes for US Debt Deal

BEIJING—Global stock markets and Wall Street futures rose Thursday on hopes U.S. political leaders can reach agreement to avoid a potentially disastrous default on government debt. London and Paris opened higher. Shanghai, Tokyo, and Hong Kong advanced. Oil prices edged lower. “Markets are now fully pricing an in-time resolution of the crisis,” said Clifford Bennett…


Global Debt on the Rise, Emerging Market Crosses $100 Trillion Mark: IIF

NEW YORK—A measure of debt across the globe rose in the first quarter to almost $305 trillion, and the rising cost to service that debt is triggering concern about the financial system’s leverage, a widely tracked study showed. The Institute of International Finance (IIF), a financial services trade group, said on Wednesday global debt rose…


LIVE 9:30 AM ET: US-China Commission Holds Hearing on ‘Rule by Law: China’s Increasingly Global Legal Reach’

U.S.-China Economic and Security Review Commission, a special commission under U.S. Congress, holds a hearing on Rule by Law: China’s Increasingly Global Legal Reach from 9:30 a.m. ET on May 4 in 3 panels. Co-chairs’ opening remarks: 9:30–9:40 a.m. Panel I: The CCP’s Promotion of Rule by Law (9:40–11:10 a.m.), panelists include: Moritz Rudolf, research scholar in…


LIVE NOW: US-China Commission Holds Hearing on ‘Rule by Law: China’s Increasingly Global Legal Reach’

U.S.-China Economic and Security Review Commission, a special commission under U.S. Congress, holds a hearing on Rule by Law: China’s Increasingly Global Legal Reach from 9:30 a.m. ET on May 4 in 3 panels. Co-chairs’ opening remarks: 9:30–9:40 a.m. Panel I: The CCP’s Promotion of Rule by Law (9:40–11:10 a.m.), panelists include: Moritz Rudolf, research scholar in…


US-China Commission Holds Hearing on ‘Rule by Law: China’s Increasingly Global Legal Reach’

U.S.-China Economic and Security Review Commission, a special commission under U.S. Congress, holds a hearing on Rule by Law: China’s Increasingly Global Legal Reach from 9:30 a.m. ET on May 4 in 3 panels. Co-chairs’ opening remarks: 9:30–9:40 a.m. Panel I: The CCP’s Promotion of Rule by Law (9:40–11:10 a.m.), panelists include: Moritz Rudolf, research scholar in…


LIVE 2:30 PM ET: Senate Foreign Relation Committee Hearing on If the US Is Losing the Global Information War

U.S. Senate Foreign Relations State Department & USAID Management, International Operations, & Bilateral International Development subcommittee holds a hearing at 2:30 p.m. ET on May 3 on THE GLOBAL INFORMATION WARS: IS THE U.S. WINNING OR LOSING?   …


LIVE NOW: Senate Foreign Relation Committee Hearing on If the US Is Losing the Global Information War

U.S. Senate Foreign Relations State Department & USAID Management, International Operations, & Bilateral International Development subcommittee holds a hearing at 2:30 p.m. ET on May 3 on THE GLOBAL INFORMATION WARS: IS THE U.S. WINNING OR LOSING?   …