IMF Cuts Global Growth Forecast Amid Supply-Chain Disruptions, Warns of Inflation Risks
The International Monetary Fund lowered its growth forecast for the world economy for this year, citing supply-chain disruptions in rich economies and global-health concerns caused by the spread of the contagious Covid-19 Delta variant.
U.S. Stocks Waver Amid Energy, Inflation Concerns
Major indexes edged lower, as elevated energy prices exacerbated concerns about inflation.
House Set to Temporarily Raise Debt Limit
The House was set to vote Tuesday for legislation raising the U.S. borrowing limit into December, temporarily staving off a default while lawmakers battle over setting a new ceiling for U.S. debt.
Analysis: Bond Investors Face Up to Risk of Persistent Inflation
Bond investors know that inflation is a problem, but they face heightened uncertainty over whether price pressures will be persistently high or merely temporary.
German ZEW Economic Sentiment Index Drops, Misses Forecasts
Economic expectations in Germany weakened in October for the fifth consecutive month to the lowest level since the onset of the Covid-19 pandemic, hit by widespread supply-related strains.
U.K. Payrolls Top Prepandemic Levels
The number of people on company payrolls in the U.K. rose 207,000 in September for the tenth straight month and now exceeds prepandemic levels.
EU Draws Blockbuster Demand for Debut NGEU Green Bond
The EU raised EUR12 billion in its debut green bond under the NextGenerationEU program, with the more than 10-fold demand underpinning investors' strong appetite for green assets.
Some Investors Find Stability in SPACs
Shares of special-purpose acquisition companies have lost their luster for those who recently saw them as a ticket to fast riches. That is good news for a different group of investors, who treat them as an alternative to bonds.
(END) Dow Jones Newswires
October 12, 2021 11:00 ET (15:00 GMT)
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