Category: Uncategorized

(Bloomberg) — European stocks are on track to start 2021 with their biggest weekly gain for almost two months as investors predict government stimulus and coronavirus vaccination programs will drive an economic rebound. Read More

European Stocks Set for Their Best Start to a Year Since 2009 — Financial Post

NEW YORK — Oil prices hit their highest level in nearly a year on Friday, gaining 8% on the week, supported by Saudi Arabia’s pledge to cut output and strong gains in major equity markets. Read More

Oil rises to 11-month high, logs weekly gain on Saudi output cut — Financial Post

Twenty states will implement some type of increase in the pay of minimum wage workers effective January 1, 2021. For example, the California minimum wage will increase from $13 to $14 an hour for employers that have over 26 workers. In contrast, Minnesota will increase the hourly minimum wage by 8 cents to $10.08 per hour for large employers.

These 20 States Will Raise Their Minimum Wage by January 1 (Micro News for January 2, 2021 – January 8, 2021) — Pearson Economic News

U.S. employment fell by 140,000 in December as virus cases surged. Leisure and hospitality businesses were hit hard, but some industries showed growth.

December 2020 Jobs Report: Recovery Goes Into Reverse — NYT > U.S. > Politics

Curators are gathering posters and banners from the riot and the protests that preceded it to “help future generations remember” Jan. 6, a museum director says.

The Smithsonian Is Collecting Objects From the Capitol Siege — NYT > U.S. > Politics

(Bloomberg) — A blue sweep in the U.S. is intensifying Asian stock investors’ conviction in reflation trades much like their global peers as they position their portfolios for the new year. Read More

Asia Stock Funds Boost Reflation Trades Betting on Value, Asean — Financial Post

LONDON — The dollar bounced off its lowest levels since 2018 to its highest in a week on Thursday, its gains attributed partly to safe-haven buying after violence on Capitol Hill and profit-taking by investors who had been betting on the euro. Read More

Dollar bounces off 2018 lows on safe-haven buying, euro profit-taking — Financial Post

MILAN — Euro zone government bond yields turned lower as weak inflation data outweighed the bullish impact of a jump in Treasuries yields on expectations of more fiscal spending in the United States. Read More

Euro zone bond yields fall after weak inflation data — Financial Post

IBM Corp on Thursday named former financial chief Martin Schroeter to head its new IT infrastructure services unit when it becomes public, as the 109-year old company shifts gears to focus on its high-margin cloud business. Read More

IBM names head of new IT infrastructure services company — Financial Post