News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

U.S. Stocks Pull Back

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The S&P 500 bounced around the flatline after closing at a record high Friday. The index slipped 0.1%.

Conference Board's Employment Trends Index Rises to 132.64

A basket of U.S. employment indicators increased in April, suggesting employers are adding jobs at an accelerating pace.

Fed's Mester Calls for More Rate Rises

Federal Reserve Bank of Cleveland President Loretta Mester called for additional central bank rate rises and added the U.S. central bank can likely act to start shrinking the size of its massive holdings of cash and bonds later this year.

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Fed's Bullard Says Current Fed Short-Term Target at Correct Level

Federal Reserve Bank of St. Louis President James Bullard reiterated Monday his belief that the U.S. central bank has short-term interest rates where they need to be.

Canadian Housing Starts Fell in April

Canadian housing starts declined in April after hitting a near decade-high in the previous month, although remaining at elevated levels due to tight conditions in the Toronto-area resale market.

Oil Prices Ease Despite Hopes OPEC Will Extend Production Cuts

Crude futures edged lower following sharp declines last week despite expectations that major producers will cut their supplies for longer in a bid to reduce high global inventories.

Oil Investors Cut Their Bets on Higher Oil Prices

Investors cut their bullish bets on the oil price to the lowest level since OPEC reached a deal to cut output last year, amid continued doubts about the effectiveness of that agreement.

WSJ's Daily Shot: The ECB Is Running out of Excuses to Keep QE Going

Global Economy Week Ahead: China CPI, Bank of England Meeting, U.S. Retail Sales

This week, the Bank of England will announce an interest-rate policy decision, and data on Chinese inflation and U.S. retail sales will be released.

As IPOs Pick Up, Big Startups Hold Out

The market for IPOs is rebounding, but high-profile startups like Uber and Airbnb are hanging back amid concerns their companies would be valued at less than private fundraising rounds.

(END) Dow Jones Newswires

May 08, 2017 11:15 ET (15:15 GMT)