2021-06-07 06:56:03
NEWS HIGHLIGHTS: TOP GLOBAL MARKETS NEWS OF THE DAY7 June 2021, 03:00
Biden's Agenda Takes On GOP Resistance in Senate
Many of the proposals have little Republican support, and a voting-access bill drew sharp opposition from Democratic Sen. Joe Manchin.
Stocks Close Near Records
The Dow and S&P 500 rose after the jobs data showed that while the labor market is recovering, it's not improving at a pace that will make the Fed rush to pare back additional support from the economy.
A G-7 Deal on a Global Minimum Tax for Companies Faces Hurdles
Many governments are likely to wait and see what others, especially a divided U.S. Congress, will do to put the deal into effect.
Economy Week Ahead: Imports, Jobless Claims, Inflation
Inflation readings from China and the U.S. highlight this week's round of economic data.
The Fed's Inflation View Is All About That Base
Economic data have been made hard to read because of distortions from a year ago. Comparing the latest data to two years ago shows that inflation isn't running as rampant as some reports suggest.
Secondary Market Bouncing Back After Covid Dip
Secondary pricing and deal volume have bounced back fairly quickly following last year's disruptions from the coronavirus pandemic with buyers predicting more fund portfolio sales in the second half of the year.
Investors Tackle Challenges of GP-Led Secondaries as Activity Grows
The growth in sponsor-led secondary deals has put more pressure on the resources and teams at the fund investors that own stakes in the assets being sold and the secondary buyers that want to underwrite such deals.
Pandemic Divides Secondary Fundraising as Dollar Volume Hits Record
Growing acceptance of the secondary market as a portfolio-management tool, combined with the early cash flows that secondary funds typically generate and steady strong performance such funds have produced, continues to resonate with investors.
Renewable-Fuel Push Drives Soyoil Prices to Record High
Soybean oil futures have soared nearly 70% this year and producers of the vegetable oil are racing to keep up with demand.
G-7 Nations Agree on New Rules for Taxing Global Companies
Businesses would pay a minimum tax rate of at least 15%, the Group of Seven rich nations agreed, in a significant step toward delivering a global minimum rate sought by the Biden administration.
398 viewsNaveed Lodhi, 03:56
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