News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Greece, Creditors Reach Deal

Continue Reading Below

Greece's creditors agreed on Thursday to release the next tranche of the country's EUR86 billion ($96.5 billion) bailout, but refused to lighten the burden of its crushing debt.

Nasdaq Composite Logs Fourth Decline in Five Sessions

The Nasdaq Composite notched another session of declines as technology stocks resumed their slide. The index fell 0.5%.

Flush With Cash, Top Quant Funds Stumble

Quant funds, which use sophisticated statistical models rather than human research and intuition to find attractive trades, are lagging behind more traditional investments.

Continue Reading Below

May's Setback Puts Brexit in Limbo

There are real reasons to believe that Prime Minister Theresa May will have to jettison her pre-election plans to leave the EU's single market, Stephen Fidler writes, but the complex and unstable situation offers no guarantees.

Chile's Benchmark Interest Rate Remains Unchanged

Chile's central bank on Thursday left its benchmark interest rate unchanged at 2.5% after lowering it in previous months.

Investors Fear Policy Misstep by the Fed

While the Federal Reserve shakes off softening inflation data and sticks to its rate-raising plan, bond and commodity traders are increasingly anxious that a potential policy error by the central bank will become a problem for economic growth.

U.S. Jobless Claims Fell Last Week

The number of Americans applying for unemployment benefits fell last week, remaining at a low level consistent with a healthy U.S. labor market.

Bank of America's Profits Caught Between the Fed and 10-Year Treasury

A flatter yield curve threatens to pinch bank profits, even as the Fed's move to end nearly a decade of near-zero rates promises to help bolster them.

Pair of Economists Say Fed Balance Sheet Could End Up Around $3 Trillion

Economists at Barclays and CME Group think the Federal Reserve's $4.5 trillion asset portfolio could shrink to $3 trillion in a few years' time, based on plans for unwinding some of those holdings that the central bank revealed Wednesday.

CFPB Seeks Comment on Proposed Changes to Prepaid-Card Rule

The Consumer Financial Protection Bureau on Thursday began seeking public comments on proposed changes to its prepaid-card rule and its timing, weeks after the planned regulation narrowly escaped being scrapped by congressional.

(END) Dow Jones Newswires

June 15, 2017 19:15 ET (23:15 GMT)