News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Global Economy Week Ahead: U.S., Eurozone Unemployment and Inflation

Continue Reading Below

This week, both the U.S. and Europe will see key readings on their labor markets and inflation, while India will release its first-quarter gross-domestic-product figure.

Europe, Asia Stocks Muted as Holidays Keep Trade Thin

European and Asian stocks had a muted start to the week, with holidays set to slow activity world-wide and as investors shrugged off political concerns emerging after a meeting of world leaders over the weekend and another missile launch in North Korea.

Fed's Williams: Future Fed Actions 'Most Telegraphed' of Our Lifetimes

Federal Reserve Bank of San Francisco President John Williams said the great lengths to which the U.S. central bank went to communicate its policy outlook should ensure coming interest-rate increases and balance-sheet reductions go smoothly.

Continue Reading Below

Goldman Bought Venezuela's State Oil Company's Bonds

Goldman Sachs bought about $2.8 billion in Venezuelan bonds that had been held by the oil-rich country's central bank, a lifeline to President Nicolás Maduro's embattled government.

China Tightening Rules on Selling by Major Shareholders

China's securities regulator is tightening rules on selling by major shareholders, an effort to discourage activity that might disrupt the stability of the stock market in a politically sensitive year.

Why Banks Haven't Been Burned by Retail's Meltdown

As the U.S. retailing industry endures a spike in bankruptcy filings, the companies' bank lenders feel more secure than with downturns in other industries because of the nature of their loans.

China Exerts More Control Over Its Currency With Tweak to Yuan Fix

China's central bank is adjusting the mechanism for setting the currency's daily fix to smooth out fluctuations against the dollar, an acknowledgment that the country is hitching the yuan's value closer to the U.S. currency.

U.S. GDP Growth Revised Up to 1.2% Rate in First Quarter

U.S. economic growth in early 2017 was stronger than initially thought, and broad growth is poised to pick up in the current quarter.

Trump, G-7 Leaders Meet Amid Tensions Over Climate, Trade

Trans-Atlantic tensions over trade and climate change hung over the start of the Group of 7 summit Friday in Sicily, the last stop in President Donald Trump's first overseas trip since taking office.

May Loses Ground in U.K. Poll After Manchester Attack

The pound fell after the first opinion poll since the deadly bombing in Manchester showed the U.K.'s ruling Conservative Party lost ground to rivals ahead of a national election.

(END) Dow Jones Newswires

May 29, 2017 17:15 ET (21:15 GMT)