News Highlights: Top Global Markets News of the Day

S&P 500 Breaks Five-Day Losing Streak 
 

U.S. stocks ticked higher, as the S&P 500 snapped a five-session losing streak that came amid growing fears of a U.S. recession.

 
Inflation Slowed in China as Lockdowns Spread 
 

Inflation in China slowed sharply in November as widespread Covid-19 lockdowns battered spending, emphasizing the economic cost of a stringent strategy the government has now begun to relax.

 
Banks Should Be Wary of Crypto, Top U.S. Regulator Says 
 

The Office of the Comptroller of the Currency urged caution in a report citing recent "stresses and surprises."

 
SEC Asks Public Companies for More Information About Crypto Exposure 
 

Request follows the collapse of trading platform FTX and its affiliates

 
Senate Democrats Press Ahead With Their Own Spending Plan as Talks Stall 
 

Senate Democrats want Republicans to accept a deal on government spending with an omnibus spending bill that Democrats plan to introduce Monday.

 
Bank of Canada's Kozicki: Policy Decisions Will Be More Data-Dependent 
 

Deputy Gov. Sharon Kozicki says the central bank is prepared to be forceful and raise rates if demand and inflation don't cool as expected.

 
Gas Prices Fall Below Last Year's Average 
 

The U.S. average for regular unleaded gasoline has declined to $3.29 a gallon, down about 35% from its peak of about $5 earlier in the year.

 
Jobless Claims Rise Slightly in Tight Labor Market 
 

Initial jobless claims rose to a seasonally adjusted 230,000 last week, near the 2019 weekly average when the labor market was also robust.

 
India's Outlook Is Surprisingly Bright 
 

Why investors might want to park their cash in the Asian country's economy.

 
China Braces for Deadly Covid Wave After Loosening Controls 
 

Strained hospitals and the country's poor vaccination rates could lead to over a million deaths, according to some public health experts. "It will put unprecedented strain on the Chinese health system," a scientist said.

(END) Dow Jones Newswires

December 09, 2022 01:15 ET (06:15 GMT)

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