News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

ECB's Next Moves on Stimulus in Focus at Meeting

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The eurozone economy is accelerating, but the European Central Bank seems reluctant to take its foot off the gas. That has set the bank on a collision course with officials in the euro area's largest economy, Germany.

Global Markets Largely Quiet Ahead of U.K. Elections

Stocks in the Asia-Pacific region continued to tread water as investors braced for a number of potential market-moving events, though Japanese stocks sold off late amid fresh gains for the yen.

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.

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China Exports Grew for Third Straight Month in May

Chinese exports in May were up 8.7% from a year earlier, more than expected, as resilient global demand drove a third straight increase. Imports were up 14.8% and the trade surplus widened to $40.81 billion.

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.

(END) Dow Jones Newswires

June 08, 2017 03:15 ET (07:15 GMT)