News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Stocks, Dollar Fall Amid Turmoil in Washington

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Stocks and the dollar fell as turmoil in Washington added to political jitters and raised doubts about the Trump administration's ability to deliver on tax policy.

Trump Trade Reboot Spurs U.S. Push by China Investment Corp

China's massive sovereign-wealth fund hopes to "significantly increase" its direct investments in the U.S. in the next few years, the fund's president said in an interview.

Oil Prices Gain Ahead of U.S. Stockpile Data

Crude oil prices edged higher, with gains capped by concerns that U.S. production was undermining OPEC's efforts to rebalance the market.

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China Investors Aren't Buying Central Bank's Yuan Fix

China's central bank is guiding the yuan higher, but the country's investors seem unconvinced. Wednesday's gap between the daily setting and where the currency then traded was the widest since January.

WSJ's Daily Shot: Why Are US Home Builders so Bullish?

Move Over Dollar, the Euro Is in the Driver's Seat

U.S. political turbulence and economic disappointment, combined with unrealized election fears in Europe, mean the euro could gain further against the dollar.

Investors Shun Highflying Emerging-Market Hedge Funds

Hedge funds that invest in emerging markets are generating some of their best returns on record and growing their assets to all-time highs, but they aren't getting much love from investors.

Zambia Central Bank Cuts Key Rate To Aid Economy

Zambia's Central Bank cut its key lending rate by 1.5 percentage points to 12.5% as Africa's second-largest copper producer continues a policy-easing stance to aid slowing economic growth.

S&P Affirms Australia at AAA but Warns on Downgrade

S&P Global Ratings Wednesday affirmed Australia's sovereign credit rating at AAA, but warned a downgrade could still happen soon if progress toward achieving budget surpluses slows.

Australia Wages Growth Remains Weak

Australian wages growth remained at record low levels in the first quarter of the year, adding to concerns around high levels of underemployment, and helping to support forecasts that inflation will rise only gradually in coming years.

(END) Dow Jones Newswires

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