Global Economy Week Ahead: China Exports and Inflation, ECB Meeting
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This week, export and inflation data are due from China, the European Central Bank gathers in Estonia to decide monetary policy, and a pension-overhaul bill that aims to address budget woes hangs in the balance in Brazil.
ECB's Path to Unwinding Easy Monetary Policies Proves Thorny
Three years ago, the European Central Bank became the first major monetary authority to cut a key interest rate below zero. Now, that decision is complicating life for policy makers in Frankfurt as they prepare to plot a route back to normality.
Other Times Unemployment Has Been This Low, It Didn't End Well
There have been only three fleeting periods in the past half-century when the U.S. unemployment rate was as low as it does today, but in hindsight each period was associated with boiling excesses that led to serious economic trouble.
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As Seats Go Unfilled on Federal Panels, Businesses Face Uncertainty
A slow White House transition process added to the usual disruption triggered when power changes hands, and many commissions critical to business have empty seats.
How the Big Chip Rally Knocked Down the Leaders
The rally in semiconductor stocks has been surprising for two reasons: It has been longer than expected, and it has changed the pecking order among the biggest chip makers.
More Chinese Companies Turn to Shadow Banking
Beijing's game of Whac-A-Mole against financial risks is sending some borrowers into darker corners. New loans from so-called trusts in the first four months of this year were nearly five times as much as a year earlier.
Campaigning Halted in U.K. After Terrorist Attack
Campaigning in Britain's general election was halted Sunday after the U.K. was hit by another terrorist attack, adding further uncertainty to a race that already had become increasingly hard to call.
Jobless Rate Hits Lowest in 16 Years; Hiring Pace Slows
Hiring slowed in May during a month when the unemployment rate fell to the lowest level in 16 years, suggesting some employers may be unable to find needed workers.
Global Stocks Ride a Wave of Optimism
U.S. stocks rose to fresh highs, joining a cascade of records for indexes around the world. The gains in the U.S. came after a jobs report that several analysts and investors said was solid enough for the Federal Reserve to raise rates later this month.
White House Budget Director Says U.S. Won't Default
White House budget director Mick Mulvaney said the U.S. won't default on its debt payments even if Congress fails to raise the federal borrowing limit before the government runs out of money to pay its bills.
(END) Dow Jones Newswires
June 04, 2017 21:15 ET (01:15 GMT)