U.K. Stocks Mixed, Pound Slumps as Election Complicates Brexit Talks
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Stocks geared to the U.K. economy fell, while the pound slumped after British voters deprived Prime Minister Theresa May and her ruling Conservative party of a majority in Parliament.
U.K.'s May Looks to Smaller Party for Support
British Prime Minister Theresa May resisted opposition calls to resign, scrambling to swiftly form a new government after voters unexpectedly denied her Conservatives a parliamentary majority.
WSJ's Daily Shot: Investors Look Past Comey's Testimony to Tax Reform
Oil Recovers Slightly, Eyes on U.S. Crude Stocks
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Oil futures edged up but were still heading for a weekly loss after rising U.S. stocks raised doubts that production cuts are achieving their goal of draining global inventory.
Fiduciary Rule Is Now (Partially) in Effect
When President Donald Trump took office, many in the financial industry were confident that a looming retirement-savings rule they had opposed for years would soon be dead. To their dismay, the core principle of the rule was implemented Friday.
Watch Out for QE Discussion Next Month-ECB Top Policy Maker
The European Central Bank is likely discuss the future of its quantitative easing program at its meetings in July and September, said Ewald Nowotny, a member of the bank's policy body.
Germany's Central Bank Raises Growth Outlook
Germany's central bank upgraded the country's growth outlook on the back of a strong labor market, underscoring the more positive growth prospects for the eurozone as a whole.
Economists and Activists Press Fed to Boost Inflation Target
The Federal Reserve should raise its inflation target so it can deal more effectively with future economic downturns, according to a new report that came with backing from activists and some prominent economists.
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.
(END) Dow Jones Newswires
June 09, 2017 09:15 ET (13:15 GMT)