News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Trump Orders Plan to Cut Corporate Tax Rate to 15%

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President Trump has ordered White House aides to accelerate efforts to draft a tax plan slashing the corporate rate to 15% and prioritizing cuts in tax rates over an attempt to not increase the deficit.

Markets Leap on French Election Results

Stocks surged Monday, reflecting investors' renewed appetite for risk after results from the first round of French presidential elections eased concerns about the future of the eurozone.

Oil Slides on Signs of Oversupply

Oil prices retreated Monday, as growing U.S. production and other signs of global oversupply keep thwarting a widely-expected rally.

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European Stocks Aren't as Cheap as They Look

Monday's market response reflects the true terror that had been priced in before Sunday's French election, more than it indicates undervalued stocks.

Meet the Man in Charge of Trump's Review of Wall Street Rules

Craig Phillips, a former BlackRock executive, has emerged as a central figure in President Trump's Treasury Department, helming the administration's plan for financial deregulation and serving as a key point of contact with the financial industry.

Euro Jumps as French Election Reshapes European Markets

The euro, French government bonds and European stocks closed sharply higher in the wake of the first round of France's presidential election, with centrist former economy minister Emmanuel Macron edging out far-right politician Marine Le Pen.

China's Pollution Crackdown Gives Aluminum a Bump

Aluminum has defied the recent selloff in copper, lead and other industrial metals, in anticipation of a Chinese clampdown on pollution that is expected to shut some smelters later this year.

Chicago Fed National Activity Index Fell in March

Economic activity across the U.S. slowed in March, according to the Chicago Fed National Activity Index, which fell to 0.08 from 0.27 in February.

Texas Factory Activity Expands for 10th Straight Month

Texas factory activity expanded in April, marking the 10th straight month of manufacturing growth in the region as optimism remained high.

Mexican Inflation Continued to Accelerate in Early April

Mexico's annual inflation picked up speed in the first half of April, moving further from the central bank's target as higher food prices partly offset declines in energy costs.

(END) Dow Jones Newswires

April 24, 2017 15:15 ET (19:15 GMT)