News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

U.S. Economy Adds a Robust 211,000 Jobs in April

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The pace of hiring picked up again in April and the unemployment rate fell to the lowest level in nearly a decade, providing reassurance the broader economy is poised for a strong spring after a lackluster start to the year.

U.S. Stocks Futures Edge Higher After Jobs Data

U.S. stock futures edged higher following a slightly stronger-than-expected April jobs report.

After Months of Steady Growth, Economists See China Slowing

China's economy, after chugging along in recent months, is likely losing some steam, with some economists expecting indicators for April to show weaker industrial production, softer overall credit and cooler export growth.

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Oil Stems Some Losses in Volatile Trading

Oil prices are down 5% on the week despite a slight rebound from Thursday's sharp overnight fall in Asia, as investors continue to worry about brimming crude inventories.

Commodities Slump Fueled by Softening Demand From China

A global commodities slump deepened, with oil and iron ore hitting their lowest levels since November on continuing worries about an excess of world-wide supply, as well as concerns over weakening demand in the key China market.

WSJ's Daily Shot: US Oil Output Challenges OPEC's Efforts

Turkey's Double-Digit Inflation Is Unacceptable, Says Deputy Prime Minister

Turkey's inflation rate is unacceptable and the country's food committee will act to slow price rises, Deputy Prime Minister Mehmet Simsek said.

Australia's RBA More Confident on Inflation Rise

Australia's central bank made only minor changes to its economic forecasts in a quarterly policy statement Friday, but said it has growing confidence in its expectation that inflation will rise over time.

Screws Tighten on Risky Chinese Insurance

In China, lucrative bets are usually followed by a regulatory clampdown. So it was only a matter of time before China's acquisitive and unlisted life insurers started feeling the pain.

India Gives Central Bank More Power to Target Bad Loans

India's government issued an executive order giving the central bank more power to tackle the growing problem of bad loans.

(END) Dow Jones Newswires

May 05, 2017 09:15 ET (13:15 GMT)