News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

China Shares Down on Disappointing Data; Japan's Nikkei Again Nears 20000

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Asia-Pacific equities lacked direction on Tuesday, some markets succumbing to selling pressure after several days of rallies, energy and mining shares getting a boost from higher commodity prices.

PBOC Injects Net 170 Bln Yuan Into Financial System Tuesday

China's central bank injected the largest amount of cash into markets in nearly four months Tuesday, sending a fresh signal of Beijing's willingness to take a softer approach to reduce leverage in a debt-laden financial system.

RBA's Minutes Flag Housing, Jobs for Careful Monitoring

Australia's central bank continues to focus on developments in the country's overheated housing market, and signs of softness in job creation as key signposts for the direction of interest rates.

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Speculators Spark Surge in Cotton Prices, Upending Mills and Merchants

Cotton futures have jumped 12% over three sessions, throwing the finances of textile mills and fiber merchants around the globe into disarray.

Trump Administration Committed to Revamping Fannie and Freddie, Official Says

The Trump administration seeks to overhaul Fannie Mae and Freddie Mac, a top Treasury Department official said, stopping short of outlining the administration's preferred approach.

Home Sales Jump to Near-Boom-Era Levels

Home sales in the first quarter hit their fastest pace in a decade, a sign that rising prices and slightly higher mortgage rates haven't deterred home buyers from rushing into the market.

Cyberattack Victims Begin to Assess Financial Damage

As day four of a globe-spanning cyberattack brought with it a marked slowdown in the spread of infected computers, governments and companies started to count the costs.

Puerto Rico Development Bank Strikes Creditor Deal

Puerto Rico's insolvent industrial development bank announced a deal with creditors on how to distribute proceeds from its 10-year liquidation plan.

Can Trump Deliver 3% Growth? Stubborn Realities Stand in the Way

President Trump has laid out a goal of getting the U.S. economy to grow at above a 3% rate over the long term. Two obstacles stand in his way. The work force isn't producing enough new workers, and the productivity of those working isn't growing fast enough.

Should We Fear the Stock Market's Lack of Fear?

The strongest message from a low VIX is merely that the market has gone up a lot. But there is cause for concern.

(END) Dow Jones Newswires

May 16, 2017 03:15 ET (07:15 GMT)