News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Stock Markets Broadly Down as Investors Turn Cautious

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Major stock indexes in Asia fell slightly on Friday, mirroring Wall Street's cautious sentiment on risk taking, though strong earnings results from tech companies saw shares in the sector rise.

Shining a Bright Light on Dodgy Chinese Data

Chinese GDP data is widely considered to be unreliable. But new estimates of growth from a surprising source hint that the recent uptick isn't pure fiction.

Japan's Price Weakness Persists, Baffling Policy Makers

The Bank of Japan's most-trusted inflation gauge turned negative for the first time in more than three years in March as consumers continue to keep a tight grip on spending, in a setback for Prime Minister Shinzo Abe's growth revival plan.

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Fed's Alvarez Defends Orderly Liquidation Authority, Rejects Glass-Steagall

Retiring Fed General Counsel Scott Alvarez defended the U.S. government's authority to take over and liquidate a failing financial firm, saying that if it had been in place in 2008 the government could have used it to deal with the teetering AIG.

Trump Tax Plan Keeps Tax Breaks for 401(k)s

The Trump administration's tax plan will preserve existing tax breaks for retirement plans such as 401(k)s, clearing up temporary uncertainty over the fate of the popular accounts.

First 100 Days: The Trump Trade's 'Ridiculous Standard'

Donald Trump's first 100 days in office have produced a strong stock market but weak economic growth; he should get an incomplete for both

Next Tax Battle: Trump's Bid to Ax a Favorite Blue State Deduction

The White House blueprint would kill an expensive break relating to state and local taxes, prompting a bipartisan backlash from lawmakers in New York and other high-tax states.

U.K. Consumer Sentiment Fell Slightly in April

U. K. consumer sentiment weakened slightly in April, as British shoppers remained concerned about their own financial situation as well as the country's economic prospects over the year ahead, a survey showed Friday.

Crapo Strikes Optimistic Tone on Housing-Finance Bill

Senate Banking Committee Chairman Mike Crapo (R., Idaho) vowed Thursday to make housing-finance policy a priority for his committee and said he is "pretty optimistic" that he can move bipartisan legislation to overhaul Fannie Mae and Freddie Mac.

Kansas City Fed Index Shows Slower Manufacturing Growth

Growth in manufacturing activity across the Plains states decelerated sharply in April with expectations for future activity easing but remaining solid, according to a monthly survey from the Federal Reserve Bank of Kansas City.

(END) Dow Jones Newswires

April 28, 2017 01:15 ET (05:15 GMT)