News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Stocks Rise, Driven by Earnings

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Japanese equities kicked off Tokyo's short trading week with an earnings-driven rise, while in Australia banking stocks led the way on a wave of earnings expectation; much of the Asia-Pacific region was shut for a holiday.

Global Economy Week Ahead: U.S. Jobs and Inflation, Europe GDP

This week, the Federal Reserve will convene for a two-day meeting to set monetary policy, and numbers on the European economy's growth rate and the U.S. jobs market will be released.

Fed Expected to Keep Rates Steady

Federal Reserve officials are likely to keep interest rates steady at their policy meeting this week and drill down into details about when and how to reduce their large holdings of mortgage and Treasury securities.

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Europe Investors Bid Adieu to Political Jitters, Begin Buying

Investors are flocking back into Europe without waiting for the conclusion of the French election, as they bet the region has finally unshackled itself from fears of political turmoil.

South Korea's Exports Grow for Sixth Straight Month

South Korean exports, a bellwether for the health of global trade, logged a sixth straight month of growth in April on brisk demand, as the global economy improves. Shipment growth was faster than expected.

China Factory Activity Slows in April

China's official manufacturing purchasing managers index slid to 51.2 in April from 51.8 in the previous month, pointing to a possible slowing of growth momentum in the world's second-largest economy.

Congressional Leaders Reach Deal to Fund Government Through Sept. 30

The spending agreement reached Sunday includes a $12.5 billion increase for defense and $1.5 billion for border security-although explicitly not for a border wall, a senior congressional aide said.

Iran Signals It Is Prepared to Extend Oil-Production Cap

Iran signaled its readiness to cap its oil output until the end of the year in order to extend an OPEC-led agreement to cut production, backing Saudi Arabia's push to raise prices.

U.K.'s May Stands Defiant on Brexit Talks, Exposing Rift With EU

U.K. Prime Minister Theresa May said Britain won't agree to pay an exit bill for leaving the EU without also agreeing a new trade deal with the bloc, highlighting a hard-to-resolve division between the opposing camps ahead of talks on Brexit.

Grudging Public Support for Euro Could Hold It Together

The euro survived the financial crisis and a lost decade for the European economy. Now its test is political, and it is likely to survive it-battered as ever and still getting the blame for Europe's problems.

(END) Dow Jones Newswires

May 01, 2017 05:15 ET (09:15 GMT)