What are the biggest news stories?
Here are some of the biggest trends to watch: The Wall Street Street Journal:The economy is growing faster than at any time in decades.
The Dow Jones Industrial Average is up 6.6% in 2018.
Trump is in the midst of a three-week “fiscal cliff” showdown with the House and Senate over a $1.2 trillion tax hike.
China’s government has pledged to cut its emissions of greenhouse gases and boost renewable energy production, but many economists warn that it is unlikely to do so in time to reduce global temperatures by two degrees Celsius (3.6 Fahrenheit) by the end of the century.
A U.S. appeals court overturned a key Obama administration regulation requiring public schools to provide all children with at least basic reading skills.
Investors are buying more government debt, the biggest percentage increase since 2011, after the Federal Reserve increased its benchmark rate by 0.75 percentage points in November.
Wall Street is bracing for the prospect of a recession if the Trump administration doesn’t ease monetary policy.
President Donald Trump’s administration is looking to slash spending by a record-low 1.5% this year, according to the Federal Deposit Insurance Corp. That would be the lowest in 10 years.
Consumer confidence is in free fall.
The Dow Jones industrial average has fallen by a fifth since the end the second quarter.
Markets are pricing in a “tipping point” in U.A.E. bond yields, which is an indication of potential trouble.
The yield on 10-year Treasuries is expected to rise to 2.9% in June.
Global stock markets are trading at record highs.
The S&P 500 is up 7.7% this month.
The Nasdaq is up 11.7%.
Oil prices are trading higher after rising sharply in recent weeks.
Brent crude has climbed more than 400% since June and reached $46.90 a barrel.
U.S.-U.K. trade is looking more stable after a brief period of uncertainty.
The British pound has climbed by almost 2% since the beginning of the year, compared with a 1.2% increase for the dollar.
Chinese stocks have soared, with the Shanghai Composite up 6% this week.
The benchmark index of the country’s largest companies, the Shenzhen Composite, rose 6.9%.
Investments in emerging markets have surged as global demand grows and as governments try to slow the rise of China’s debt.
The Hang Seng index of Chinese companies has risen nearly 2% this quarter.
The Shanghai Composite has jumped nearly 6% in the past week.
European stock markets have been on a tear.
The FTSE 100 index is up 3.4%.
The German DAX is up 4.6%.
Gold is trading at a record high after hitting a new high in late July, a sign of investors’ confidence in the currency.
Bond yields are expected to continue to rise in coming months as the Trump Administration seeks to ease monetary conditions, according a Fed economist.
Europe is still struggling with the impact of the migrant crisis in Greece, a country where the unemployment rate has surpassed 15% and the government has said it will cut benefits to tens of thousands of migrants and refugees.
Japan is facing its biggest sovereign debt default in 50 years.
The country’s government owes $1 trillion in back payments to banks, which are also being paid by foreigners.
Malta is grappling with a huge debt crisis as it tries to pay off its $10.7 billion in debts to creditors and bondholders, the largest in Europe.
Oil and other commodities are rallying, boosting demand for goods and services.
The Brent crude oil price is up $1 to $50.20 a barrel after trading down $1 a barrel on Monday.