Republican leaders of the House of Representatives pulled legislation to overhaul the U.S. healthcare system from consideration on Friday due to a shortage of votes, despite desperate lobbying by the White House and its allies in Congress, dealing a stiff setback to President Donald Trump.
The U.S. central bank should begin allowing its massive portfolio to run off, even as it keeps its target policy rate low to maintain inflation and unemployment at current levels, St. Louis Federal Reserve Bank President James Bullard said on Friday.
Several U.S. investment banks are scouting the market for available Frankfurt office space to shift parts of their business from London, the real estate executive of a large German bank said on Thursday.
If the U.S. healthcare legislation overhaul is not passed, or is postponed, it will put "a lot of doubt" on the "Trump trades," which include higher U.S. equities and bond yields, DoubleLine Capital Chief Executive Jeffrey Gundlach said on Wednesday.
The U.S. Justice Department has ordered top executives from several container shipping lines to testify in an antitrust investigation over practices by an industry that is the backbone of world trade, the companies said on Wednesday.
The euro climbed to six-week highs and sentiment toward French assets was lifted on Tuesday after centrist Emmanuel Macron's performance in a television debate boosted a view he would win France's presidential race over the far-right's Marine Le Pen.
World stocks perched near a record high on Friday after a week when most of the world's biggest economies either raised rates, or signaled hikes, in a strong sign of confidence about global growth and inflation. Investors turned their attention to a meeting of world finance chiefs in Germany starting Friday, where topics including economic reform, protectionism and exchange rates are expected to be on the agenda.