News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Asian Stocks Mixed as U.K. Election Results Roll In

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Most Asian stock markets struggled for direction as the governing Conservative party failed to keep its parliamentary majority in the U.K.

China Consumer Prices Rise Faster in May

China's consumer prices accelerated at a modest pace in May, with inflation in the world's second-largest economy expected to remain muted for the rest of the year.

U.K. Voters Deliver Stunning Setback to Leader May

The U.K. faced fresh political turmoil after early results signaled a serious setback for Prime Minister Theresa May in Thursday's general election, creating new uncertainties as the country prepares to negotiate its departure from the European Union.

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British Pound Falls After Hung Parliament Appears Likely

Sterling slid against the U.S. dollar after vote counts for the U.K. election pointed to no party winning a majority.

Jeremy Corbyn Defies Expectations

Two months ago, Jeremy Corbyn was ridiculed as one of the weakest candidates for prime minister. Yet if the exit poll prediction is confirmed by the vote count, Mr. Corbyn's party confounded expectations by gaining significant clout in Parliament.

Peru Central Bank Keeps Rates Steady

The Central Reserve Bank of Peru on Thursday left its reference interest rate unchanged at 4% as inflation converged toward its target range.

SEC Announces Enforcement Division Leadership

The Securities and Exchange Commission announced Thursday that veteran litigator and former prosecutor Steven Peikin will co-direct its enforcement division.

GOP Lawmakers Signal CFTC Budget to Stay Flat

Congressional Republicans expressed misgivings about increased funding for the Commodity Futures Trading Commission, signaling they favor the administration's request to hold its budget steady at $250 million.

When the Hunt for Yield Goes Bad

The contingent convertible bonds at failing Banco Popular Español were wiped out by regulators this week. Investors may wonder if the documentation for similar bonds at banks are worth the paper they're on.

U.S. Household Net Worth Climbs to $94.8 Trillion

The total net worth of U.S. households climbed by $2.3 trillion in the first quarter of 2017, reaching a record $94.8 trillion as the stock market soared and home prices climbed in many parts of the country.

(END) Dow Jones Newswires

June 09, 2017 01:15 ET (05:15 GMT)