News Highlights: Top Global Markets News of the Day

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Fed's George Warns Economy Could Overheat if Rates Raised Too Slowly

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Kansas City Fed President Esther George said the U.S. central bank should press forward with interest-rate increases, warning that the economy might overheat if borrowing costs aren't increased quickly enough.

Stocks Lifted by Technology Companies

U.S. stock indexes climbed, as a jump in shares of technology companies offset losses in the energy sector.

Investors Shift Bets From U.S. Stocks to Europe at Fast Clip

Investors are pulling money out of the U.S. stock market at one of the highest rates in years, scaling back a long-held bet that U.S. growth would bring superior returns. Much of the money is going to Europe.

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U.S. Wholesale Inventories Grew 0.2% in March

Wholesale inventories grew a seasonally adjusted 0.2% in March from the prior month, the Commerce Department said. Economists surveyed by The Wall Street Journal had expected a 0.1% decline.

Germany Posts Record Current-Account Surplus in March

Germany posted a record current-account surplus in March, a development that is likely to intensify international criticism of its economic policies for depending too heavily on exports to drive growth.

Mexican Inflation Continues to Rise in April

Mexican consumer prices rose more than expected in April, pushing annual inflation to an eight-year high as increases in core goods and agricultural prices offset a decline in residential electricity rates.

Oil Falls Again as Oversupply Jitters Persist

Crude futures are falling Tuesday, with a slate of factors including skepticism about OPEC's influence, a rising dollar and momentum continuing to batter oil.

Investor Anxiety Drops to New Low

Investors are as sanguine about the stock market as they have been in almost a quarter of a century, according to one indicator, despite months of global political turmoil, showing comfort in strong corporate earnings and signs that the jobs market is humming.

Macron's Brand New Party Shoots for Parliament Takeover

After winning his bid to lead France, Emmanuel Macron got to work Monday on his next challenge: winning control of its parliament.

Australia Splashes Out on Infrastructure to Buoy Growth

Australia is planning $56 billion in infrastructure spending, on projects including a new airport for Sydney and a 1,000-mile high-speed rail corridor, as the government seeks to extend the world's longest continuous growth streak.

(END) Dow Jones Newswires

May 09, 2017 13:15 ET (17:15 GMT)