News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Eurozone Manufacturing Adds Jobs at Fastest Pace in 20 Years

Continue Reading Below

Eurozone economic recovery maintained momentum in May as the currency area's manufacturing sector added jobs at the fastest pace in 20 years, while German businesses were more optimistic than at any time since 1991.

German Economy Accelerates on Exports, Investment

Germany's economy picked up speed in the first quarter, led by rising exports and investment, cementing its role driving Europe's economic upswing

European Shares Slightly Higher on Gains in Technology Stocks

European stocks and U.S. futures edged higher, while the British pound weakened slightly, as investors largely looked past the news of a deadly explosion in the U.K.

Continue Reading Below

Oil Pulls Back After U.S. Proposal to Sell Stocks

Oil prices eased off a more than one-month high, with the U.S. plan to sell some of its stocks contributing to the pullback and offsetting investors' optimism that the coming OPEC meeting of major producers would result in more production cuts.

Gold Trades Flat After U.K. Suicide Attack

Gold prices steadied near a three-week high Tuesday, showing little reaction to news that at least 22 people were killed and 59 injured by a suspected suicide bomber in Manchester, England.

Fed's Evans: Large Clearing Firms Need Access to Central-Bank Safety Net

Chicago Fed President Charles Evans said it is important for large financial-market clearing firms to have access to the safety net that central banks can provide.

'Still a Question Mark' Around Full Employment, Fed's Brainard Says

It's too soon to declare victory on the labor market's recovery from the recession despite recent improvements, Federal Reserve governor Lael Brainard said Monday.

'Fiduciary' Rule to Take Effect June 9 With No Further Delay, Labor Secretary Says

The retirement-savings regulation known as the fiduciary rule will take effect June 9 without further delay, Labor Department Secretary Alexander Acosta said Monday.

President Trump is releasing his fiscal 2018 budget on Tuesday, the beginning of what could be a challenging, lengthy battle in Congress.

Eurozone Finance Ministers Fail to Reach Deal on Greece's Debt Relief

Eurozone finance ministers, the IMF and the Greek government failed to hammer out a final deal on Greece's debt relief and decided to postpone a decision for their next meeting in mid-June.

(END) Dow Jones Newswires

May 23, 2017 07:15 ET (11:15 GMT)