News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Global Markets Quiet Ahead of U.K. Elections

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Equity markets in the Asia-Pacific region were relatively quiet ahead of events with global implications, though South Korean stocks underperformed following the latest North Korean missile launch.

Weak Spending Takes Some Pizazz From Japan's Growth Streak

Japan's economy grew at a slower pace than initially estimated in the first quarter, as an inventory rundown and weaker household spending took some of the shine off Japan's longest economic expansion since 2006.

China Exports Grow for Third Straight Month in May

China's exports grew in U.S. dollar terms for a third straight month in May, as external demand for goods from the world's second-largest economy continued to strengthen.

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Australia Trade Surplus Narrows in April

Australia posted a seasonally adjusted trade surplus of A$555 million in April, compared with a surplus of A$3.17 billion in March, the Australian Bureau of Statistics said Thursday.

Arab States Drawing Up List of Demands for Qatar

Arab states are drawing up a list of demands that Qatar must meet in order to return to normal diplomatic and economic relations, including scaling back the Al Jazeera media network, officials involved in the discussions said.

Regional Rift Hits Container Shipments to Qatar, but Not LNG Exports

Three days into a diplomatic fallout between Qatar and its neighbors, container cargoes heading toward the tiny Arab nation are choked but crucial natural-gas exports haven't been affected.

U.S. Consumer Credit Increases by $8.20 Billion in April

U.S. consumer borrowing decelerated in April to a 2.58% annual rate, marking the slowest pace of growth since August 2011, Federal Reserve data showed.

OECD Moves to Limit Tax Avoidance by Multinationals

More than 70 countries and jurisdictions signed an agreement limiting the ability of multinationals to exploit divergences between tax treaties, a practice known as "treaty shopping" that enables companies to pay lower taxes.

SEC to Hire Dalia Blass as Top Regulator of Mutual Funds, ETFs

The Securities and Exchange Commission is poised to hire as its top mutual-fund regulator an attorney whose spouse is about to step down as chief lawyer for the industry's trade group, according to people familiar with the matter.

Labor Secretary: Final Review of Fiduciary Rule in Motion

Labor Secretary Alexander Acosta said the first step has been taken in deciding the fate of a landmark retirement-savings rule that goes into partial effect this Friday.

(END) Dow Jones Newswires

June 08, 2017 01:15 ET (05:15 GMT)