News Highlights: Top Global Markets News of the Day

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China Evergrande New Energy Vehicle Scraps Shanghai Listing Plans 

Cash-strapped China Evergrande New Energy Vehicle Group Ltd. has shelved plans to list on the Shanghai Stock Exchange, as the debt crisis at its parent, China Evergrande Group, weighs on market confidence.

Moderate Leftists Narrowly Win in Germany 

Germany faces uncertainty as Sunday’s narrow victory for the center-left in national elections left open the shape and agenda of its next government and offered little clarity about who would succeed Angela Merkel.

Economy Week Ahead: Consumer Spending, Inflation, Manufacturing 

Markets this week will be focusing on U.S. consumer spending and inflation measures, and the heads of the Federal Reserve and the Treasury Department are set to speak about the economic recovery.

Dow, S&P 500 Edge Higher After Evergrande Payment Deadline Passes 

The Dow and S&P 500 ticked up despite lingering uncertainty about the future of heavily indebted property giant China Evergrande.

U.S. Supply Chain Struggles to Adapt as Delays Worsen 

Despite mounting shipping delays and cargo backlogs, the busiest U.S. port complex shuts its gates for hours on most days and remains closed on Sundays. Major ports in Asia and Europe have operated round-the-clock for years.

In a Troubled U.S.-China Relationship, Moments of Pragmatism Emerge 

Deal for Huawei executive’s release follows other actions suggesting a willingness on both sides to grab at green shoots.

Debt-Limit Standoff Could Force Fed to Revisit Emergency Playbook 

If the federal government can’t pay all its bills because of a political standoff, options include some measures Jerome Powell has called loathsome.

Logistics Operators Raise Pay, Enlist Robots to Meet Holiday Demand 

Warehouse operators are throwing every tool they can at increasingly urgent efforts to hire seasonal workers as they brace for an expected flood of holiday goods amid competition for scarce labor from deep-pocketed rivals.

Bitcoin Miners Eye Nuclear Power Amid Environmental Criticism 

Some cryptocurrency miners are striking deals with operators of struggling nuclear plants, which are carbon-free and have excess power capacity to spare.

Individuals Embrace Options Trading, Turbocharging Markets 

Options trading by short-term investors is surging, and their zeal is translating to bigger swings in individual stocks and fueling momentum behind many rallies.


(END) Dow Jones Newswires

September 27, 2021 01:15 ET (05:15 GMT)

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