News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Stocks Slide but Remain on Track for Monthly Gains

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U.S. stocks fell, but major indexes were on track for monthly gains. The S&P 500 dropped 0.2%.

EU Weighs Politically-Sensitive Steps to Strengthen Eurozone

The eurozone may need to set up a common budget, treasury and borrowing capacity to secure its stability, requiring politically-sensitive steps, the European Union's executive arm said.

ECB Should Prepare to Reduce Dose of Monetary 'Medicine'

It is time to prepare for the end of very aggressive monetary policy, a key eurozone central banker said, in a vote of confidence in the bloc's economic prospects.

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Fed's Kaplan Unruffled by Recent Soft Inflation, Backs 2 More 2017 Rate Rises

Dallas Fed President Robert Kaplan said he doesn't expect recent weakness in price measures to persist, as he reaffirmed his preference to see the central bank pursue slow and steady rate increases.

Oil Down on Investor Skepticism Over Production Cuts

Oil prices tumbled Wednesday as investors remained skeptical that production cuts by major producers will make a dent in global crude stocks.

Barclays Heads Out of Africa

Barclays PLC said Wednesday it will sell a large of chunk of its African unit after regulators signed-off on the long awaited deal.

Eurozone Inflation Rate Falls Sharply

The eurozone's annual rate of inflation fell more sharply than expected in May despite a drop in the jobless rate to a seven-year low, a combination that is likely to reinforce the European Central Bank's reluctance to quickly unwind its stimulus programs.

IMF Calls for Further Measures to Cool Canada's Housing Market

Canadian authorities should contemplate additional measures to cool real estate activity, and replace a tax on foreign home buyers with other measures that discourage speculation, the International Monetary Fund said Wednesday.

Chicago PMI Falls in May

A reading for business activity across the Midwest fell in May but remained in expansion territory.

Growth but No Inflation Will Keep ECB Chugging Along

The trend in eurozone inflation will underline the ECB's caution about exiting from its ultraloose monetary policy.

(END) Dow Jones Newswires

May 31, 2017 13:15 ET (17:15 GMT)