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News Highlights: Top global markets news of the day

Dow Jones Newswires ·  Nov 2, 2021 11:20  · Markets

Stocks edge higher after wall street records

U.S. stocks edged up Tuesday, the day after all three major indexes closed at record highs. The Federal Reserve was set to begin its two-day policy meeting against a backdrop of sharpening inflation concerns.

Bond investors challenge wall street greenwashing

Fund managers are avoiding some green bonds they say don't meet sustainable investing standards.

Powell's dashboard casts doubt on inflation easing quickly

The Federal Reserve chairman used the bulk of a widely anticipated speech in late August to explain why he was still confident that this year's inflation surge would prove temporary. His remarks haven't aged well.

Reserve bank of Australia abandons key stimulus tool

The RBA said it would stop using yield caps and abandoned a view that its benchmark interest rate won't rise until 2024, joining other central banks that are tightening policy as inflation risks mount.

U.S. plans tighter curbs on methane

The Environmental Protection Agency announced a broad expansion and strengthening of rules to limit methane emissions from oil and natural gas production, as Biden seeks to show leadership at the Glasgow summit.

U.S. targets stablecoin digital Currency for banklike oversight

A Treasury-led panel asked Congress to set up a regulatory framework to address growing risks.

Mortgage bond sales surged in October

Mortgage companies issued $21 billion of mortgage-backed bonds in October, the second heaviest month of borrowing since the 2008-09 financial crisis.

Manchin faults democrats' revised social spending and climate bill

The West Virginia Democrat criticized the strategy of progressive Democrats to tie the fate of the healthcare, education and climate-change effort to a separate infrastructure bill that passed the Senate earlier this year.

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