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News Highlights: Top Global Markets News of the Day

U.S. Stocks End Week at Record Levels 
 

U.S. stocks set repeated highs this week, pulled higher by shares of big technology companies.

 
The U.S. Hasn't Planted This Little Wheat in More Than a Century 
 

Much of the decline in planted wheat acres has come in recent years, concurrent with Russia's ascent as the world's dominant supplier and Midwestern farmers' turn to more profitable crops, like corn and soybeans.

 
Employers Pull Back on Posting New Jobs 
 

Job openings declined sharply in November, a sign of weakening employer demand that could restrain job growth in 2020.

 
Fed's Harker: Data Will Determine Course of Interest Rate Policy 
 

The Philadelphia Fed's president says the U.S. economy is in good shape right now, adding that how the economic data come in will drive what central bank officials do with interest-rate policy.

 
U.S. Oil-Rig Count Rises by 14 -- Baker Hughes 
 

The number of rigs drilling for oil in the U.S. rose by 14 in the latest week to 673, according to oil-field services company Baker Hughes.

 
U.S. Housing Starts Up 16.9% in December 
 

Housing starts increased 16.9% in December from November to a seasonally adjusted annual rate of 1.608 million. That was the highest level since December 2006, when the rate was 1.649 million.

 
Fed Adds $52.6 Billion To Markets 
 

As the Federal Reserve added $52.6 billion in short-term liquidity to the financial system Friday to aid money markets, central bank officials debated the program that has been in place since September.

 
Morgan Stanley's Stock Hasn't Kept Pace With Record Profits 
 

Morgan Stanley reported record revenue and profit for 2019 and the stock Thursday had it biggest gain in three years. But for some long-term shareholders, that isn't enough.

 
China's Slowing Growth Underlines Stress Facing Its Economy in 2020 
 

China emerged from 2019 with an official economic growth of 6.1%, within the government's target but the lowest level in nearly three decades, as trade, investment, consumer spending and business confidence all face pressure.

 
China Survived the Trade War in Good Shape 
 

China's economy is starting 2020 on a much stronger footing than a year ago, but faces risks from a slowing housing market.

 
 

(END) Dow Jones Newswires

January 17, 2020 19:15 ET (00:15 GMT)

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